Ethereum Exit Queue Hits $10B Record: Selling Pressure Concerns?

Ethereum Exit Queue Hits $10B Record: Selling Pressure Concerns?

Ethereum recorded its largest validator exit on record this week, with more than 2.4 million Ether worth over $10 billion awaiting withdrawal from its proof-of-stake network, but institutional participants are replacing much of that in the validator entry queue. Ethereum’s exit queue surpassed 2.4 million Ether (ETH) worth over $10 billion on Wednesday. The spike…

Bitcoin to $140K by Month End? Bullish Hopes Remain Even as Tuesday Drop Sends ETH, XRP, SOL Down 5%

Bitcoin to $140K by Month End? Bullish Hopes Remain Even as Tuesday Drop Sends ETH, XRP, SOL Down 5%

Bitcoin is holding around $122,000 in Wednesday’s Asian hours after setting a record high at $126,200 earlier this week, with some market watchers still expecting a surge to a record $140,000 later this month. Economist Timothy Peterson said in an X post Tuesday that bitcoin has a 50% probability of rising to $140,000, citing simulations…

ChatGPT hits new milestone with 800 million weekly active users

ChatGPT hits new milestone with 800 million weekly active users

OpenAI’s flagship product ChatGPT has hit a new milestone of 800 million weekly users. The feat was announced by the company’s CEO, Sam Altman, who revealed the updated metrics during OpenAI’s third annual DevDay, which is taking place at Fort Mason in San Francisco. During the event, Altman noted the new metrics and said, “More…

Swiss Regulator Reviews World Cup Blockchain NFTs From FIFA

Swiss Regulator Reviews World Cup Blockchain NFTs From FIFA

Gespa, Switzerland’s gambling regulator, launched a preliminary probe to examine if FIFA’s offering of RTB NFTs is within its jurisdiction. The Swiss Gambling Supervisory Authority (Gespa) recently began a review of a blockchain-based product from the Fédération Internationale de Football Association (FIFA). According to Bloomberg, the regulator is particularly examining whether the mechanics of the…

Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown

Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown

Asset manager Canary Capital appears to be on the cusp of having its Litecoin and HBAR exchange-traded funds (ETF) approved after filing key final details, but they’re unlikely to launch while the US government is shut down. Canary filed amendments to its Litecoin (LTC) and Hedera (HBAR) spot ETFs on Tuesday, which each added a…

Singapore Authorities Say Token2049 Organizer Not Covered by Russia Sanctions After A7A5 Appearance

Singapore Authorities Say Token2049 Organizer Not Covered by Russia Sanctions After A7A5 Appearance

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. A7A5’s appearance at the recent Token2049 conference wasn’t in contravention of…

PancakeSwap launches Cake.Pad to support new token listings

PancakeSwap launches Cake.Pad to support new token listings

PancakeSwap has announced the launch of Cake.Pad, a new platform that offers its users early access to new tokens. According to the platform, users can access these new tokens before they get listed on exchanges and without staking or lockup requirements. The BSC chain-based DEX announced in a blog post that Cake.Pad is a rebrand…