Mercurity Fintech’s $800M Bitcoin treasury financing plan

Mercurity Fintech Holding, a Nasdaq-listed digital fintech group building blockchain-based payment infrastructure, plans to raise $800 million to establish a Bitcoin treasury reserve as more companies adopt the cryptocurrency for strategic purposes. Mercurity plans to raise $800 million to establish a “long-term” Bitcoin (BTC) treasury reserve, which will be integrated in its digital reserve framework…

FSB Warns Crypto Nearing Tipping Point as Stablecoins Deepen TradFi Ties

The Financial Stability Board (FSB) is sounding the alarm on growing risks from the crypto sector, warning that interlinkages with traditional finance are nearing a critical threshold. Speaking in Madrid on Thursday, outgoing FSB Chair Klaas Knot said that while crypto does not yet pose a systemic risk to traditional finance, that status may not…

Geth Lead Accuses Ethereum Foundation Of Undermining Team

A lead developer of the Geth Ethereum client has accused the Ethereum Foundation (EF) of secretly creating and funding a second Geth development team. The Geth client is the software used by validators to execute Ethereum transactions. According to an X post by core developer Péter Szilágyi, the organization undermined the Geth development team in…

Jack Ma’s Ant Group Seeks Stablecoin License in Hong Kong, Singapore

Ant International reportedly plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, signaling growing institutional cryptocurrency adoption among fintech firms. Ant International, a Singapore-based unit of the Jack Ma-backed Ant Group, is preparing to submit a license application in Hong Kong after the city’s stablecoin regulatory framework takes effect in August, according…

Bitcoin Targets $115K After US CPI Data Favors Investors

Key takeaways: Bitcoin investor sentiment hits a seven-month high, with a bullish pennant forecasting a rally to $115,000. Wednesday’s CPI print and the chance for a lower-than-expected PPI on Thursday could drive BTC price higher. Bitcoin (BTC) price briefly rallied above $110,000 on Wednesday after US Consumer Price Index (CPI) data came in cooler than…

FTX Creditors’ $2.2B of Disputed Claims on the line

Bankrupt cryptocurrency exchange FTX is facing fresh scrutiny from users fighting for at least $2.2 billion worth of disputed claims still pending approval, with numerous creditors continuing to struggle to get their repayments approved. The FTX Recovery Trust started its second round of payments on May 30, repaying over $5 billion worth of digital assets…

H100 Shares Soar After $10M Raise For Bitcoin

Swedish health tech firm H100 Group AB rose 45% on Wednesday after announcing it raised 101 million Swedish krona ($10.6 million) to accelerate the firm’s Bitcoin treasury strategy. H100 closed at 4.64 krona ($0.49) on the Nordic Growth Market stock exchange, bringing its share price growth to 280% since announcing its Bitcoin (BTC) strategy on…

Geth Lead Accuses Ethereum Foundation Of Undermining Team

A lead developer of the Geth Ethereum client has accused the Ethereum Foundation (EF) of secretly creating and funding a second Geth development team. The Geth client is the software used by validators to execute Ethereum transactions. According to an X post by core developer Péter Szilágyi, the organization undermined the Geth development team in…

Institutional Buying Makes $3K ETH Likely, While AI Agents Seek Crypto Rails

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. As Asia begins its Thursday business day, ETH is trading at…

ETH And HYPE Prove Altseason Is Here, BTC Chases New Highs

Key points: Bitcoin’s chance of hitting new highs increases as bulls show clear intent to defend the $109,000 level. ETH and HYPE are leading the altcoin charge. Bitcoin (BTC) has been holding near the $110,000 level, just short of the all-time high of $111,980. That suggests the bulls are holding on to their positions as…