The non-fungible token (NFT) market showed early signs of recovery after a steep sell-off wiped out about $1.2 billion in market capitalization during the crypto market crash on Friday. According to CoinGecko data, the sector’s overall valuation fell from $6.2 billion on Friday to $5 billion on Saturday. This erased almost 20%, or about $1.2…
Ripple is extending its institutional custody infrastructure to Africa through a new partnership with Absa Bank, one of South Africa’s largest financial institutions. The deal makes Absa Ripple’s first major custody client on the continent and reflects growing institutional interest in tokenized assets across emerging markets. Absa will use Ripple’s digital asset custody technology to…
Microsoft has been slammed with a new class action lawsuit filed in a federal court by consumers. According to reports, the lawsuit was filed regarding the tech giant’s multi-billion-dollar partnership with OpenAI, the maker of ChatGPT. Consumers are alleging that the deal violates antitrust laws and has led to Microsoft artificially inflating prices of its…
Bridge, a stablecoin infrastructure Stripe acquired early this year, has filed for a US national trust bank charter at the OCC. Co-founder Zach Abrams revealed that its services will include custody, issuance, and reserve management of stablecoins. Stripe acquired Bridge for $1.1 billion last February. More crypto-related entities are applying for a national bank charter…
The crypto market is still reeling from the aftershocks of the October 10 flash crash that liquidated over $19 billion… For the full story, head over to TheCurrencyAnalytics.com.
Bitcoin could reclaim its all-time high of $125,100 in the coming week, but not without one more major correction, according to veteran trader Peter Brandt. “Either a huge shakeout, which would be confirmed by an ATH quickly within the next week or so,” he said, though he acknowledged there could also be a much more…
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. Crypto’s largest-ever leverage wipeout has left traders cautious but long-term capital…
The White House has announced that it is set to make a deal for the video blogging platform TikTok. A senior White House official said in an email to reporters that the Trump administration is collaborating with Oracle Corp. to craft a deal for TikTok. While details about the extent of the administration’s role in…
California’s newly signed SB822 will prevent the state from selling its residents’ crypto assets without first informing them so they can lay claims accordingly. With the “Unclaimed Property: Digital Financial Assets” bill, California becomes the first state in the US to usher in a framework for unclaimed digital assets. California has secured a remarkable win…
In an unprecedented move to bridge the gap between conventional finance and the growing decentralized finance (DeFi) sector, S&P Global… For the full story, head over to TheCurrencyAnalytics.com.
