LetsBonk’s Soaring Userbase Could Start A Rally In Bonk

Key point: Solana memecoin launchpad LetsBonk’s 24-hour revenue surged to $1.04 million on Monday, nearly double the revenue of Pump.fun at $533,412, according to data aggregated by decentralized finance platform DefiLlama.  Bonk’s (BONK) price has rallied sharply since the launch of LetsBonk on April 25. Could the rally continue? Let’s analyze the charts to find…

Australia Banks Join Digital Currency Trial for Tokenized Assets

Australia’s central bank said on Thursday it’s moving to its next stage in exploring digital currencies, launching a trial on how digital money and tokenization can support wholesale financial markets.  The Reserve Bank of Australia (RBA) said in a statement on Thursday that stablecoins, bank deposit tokens and a pilot wholesale central bank digital currency…

Bitcoin hit new highs as US debt rose to $36.6 trillion. Will macroeconomic data detail the BTC rally?

Key takeaways: Exploding US debt and housing market stress could trigger a sharp BTC correction toward $95,000. Bitcoin’s price remains closely tied to macro trends, including Fed policy and institutional flows. The United States’ gross national debt increased by $367 billion on Monday, reaching an all-time high of $36.6 trillion. The surge followed US President…

US Bitcoin ETFs Cross $50B In Net Inflows Since Inception

US spot Bitcoin exchange-traded funds (ETFs) have just crossed $50 billion in net inflows, just 18 months after their inception in January 2024. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the charge with a net inflow of $53 billion, whereas the Fidelity Wise Origin Bitcoin Fund (FBTC) saw the second highest net inflow of $12.29…

Sold Out Snoop Dogg Telegram NFT Drop Generates $12 Million

American rapper Snoop Dogg sold out a collection of almost a million non-fungible tokens (NFTs) on Telegram in 30 minutes on Wednesday, seemingly defying the notion that the NFT industry is “dead.” Snoop Dogg’s new digital gift collection of around 996,000 non-fungible tokens (NFTs) powered by the TON blockchain is “inspired by Snoop’s iconic style”…

Ether Rally To $3K Possible As ETF Flows, Futures OI Soar

Key takeaways: Ether closed above $2,700 for the first time in a month. Declining BTC dominance and a pivotal 72-hour window for ETH could confirm the start of an altcoin season. Ether (ETH) closed above $2,700 on Wednesday for the first time in four weeks, signaling continued bullish momentum. The upward move continued into Thursday,…

Ether Rally To $3K Possible As ETF Flows, Futures OI Soar

Key takeaways: Ether closed above $2,700 for the first time in a month. Declining BTC dominance and a pivotal 72-hour window for ETH could confirm the start of an altcoin season. Ether (ETH) closed above $2,700 on Wednesday for the first time in four weeks, signaling continued bullish momentum. The upward move continued into Thursday,…

‘Tokenized Securities Are Still Securities’

US Securities and Exchange Commission (SEC) member Hester Peirce issued a blanket warning for companies considering distributing and trading tokenized securities. In a Wednesday statement, Peirce called on companies to discuss their potential tokenized offerings with SEC officials amid “new entrants and many traditional firms […] embracing onchain products.” Though the SEC commissioner, who also…

Ether Rally To $3K Possible As ETF Flows, Futures OI Soar

Key takeaways: Ether closed above $2,700 for the first time in a month. Declining BTC dominance and a pivotal 72-hour window for ETH could confirm the start of an altcoin season. Ether (ETH) closed above $2,700 on Wednesday for the first time in four weeks, signaling continued bullish momentum. The upward move continued into Thursday,…

Nvidia’s Rally to $4 Trillion Might Have Helped BTC, But Correlation Is Waning

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Nvidia’s ascent to a historic $4 trillion market cap, the first-ever…