The move follows SEC guidance treating staking rewards as income, enabling asset managers like Canary to back blockchain-based tokens through delegated staking.

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

The Senate Agriculture Committee leapt into Congress’ negotiation over crypto’s market structure legislation with a hearing on Tuesday, and its ranking Democrat, Senator Amy Klobuchar, outlined the significant changes she’d like to see before she’d

NEW YORK — There is at least one fact that both the defense and the prosecution agree in the ongoing criminal money laundering trial of software developer Roman Storm: the product he helped to create

Snail Games (SNAL), a publicly-traded video game studio, said on Tuesday that it is mulling the development of its own U.S. dollar stablecoin. The company is evaluating the technical, legal, and financial hurdles to issuing

Brandon Lutnick, chairman of Wall Street investment bank Cantor Fitzgerald, is in late-stage talks with early bitcoin proponent and Blockstream CEO Adam Back for a bitcoin treasury deal that could be worth over $3 billion,

Bitcoin BTC cooled off during U.S. trading hours Monday after nearly topping $123,000 earlier in the session, but market top calls are premature, analysts said. BTC slipped below $120,000 late in the U.S. day, shedding

When Congress established the Securities and Exchange Commission in 1934, it was responding to myriad failures of an antiquated financial system. The regulatory architecture that emerged provided the foundation for nearly a century of American

The Federal Reserve and other U.S. banking agencies issued another statement on the proper handling of crypto assets on Monday, outlining the appropriate policies that need to be followed for banks engaging in the “safekeeping”

Vanguard, the $10 trillion asset manager known in crypto circles for blocking client access to bitcoin ETFs, has emerged as the largest institutional shareholder of Strategy (MSTR), a company whose business model is built around

Three different crypto bills could potentially pass through the House of Representatives in the next few days: the GENIUS Act, the Clarity Act, and the Anti-CBDC Act. The “Guiding and Establishing National Innovation for U.S.

Caffeine is an innovative platform built on the Internet Computer (ICP) blockchain that enables users to create decentralized Web3 applications using natural language commands — no coding skills needed. By simply describing what they want,

“Hyperbitcoinization” — an almost apocalyptic term evoking end-of-days fiat collapse and bitcoin’s parabolic rise to global reserve status — is increasingly being discussed in more serious circles. For hardcore bitcoin maximalists, it’s long been the

According to CoinDesk Data price information, at 2:20 p.m. UTC on Sunday, the bitcoin (BTC) price set a new all-time high of $119,308, up 1.4% in the past 24-hour period. The new high in bitcoin

“Please don’t fall for misinformation,” Indian crypto exchange CoinDCX’s Co-founder and CEO, Sumit Gupta, said Saturday amid allegations that the exchange moved user funds to non-compliant entities in Lithuania. The allegation was reportedly made by

On June 11, PayPal announced plans to launch its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), on the Stellar blockchain network, pending regulatory approval from the New York State Department of Financial Services. If approved, the

Bitcoin mining firm, BTC Digital (BTCT), has moved $1 million of company cash into ether (ETH), which it called its new “digital gold.” BTCT Moved $1M Into Ethereum Reserve, chief executive officer Siguang Peng said

12 minutes. That’s how long it took for Pump.fun’s token offering to raise roughly $500 million from retail investors across various exchanges, including Bybit, Kraken, and KuCoin. The sale priced 125 billion tokens at $0.004

Tether has announced it will wind down USDT on five lesser-used blockchains after usage on those networks wanes. Redemptions and token minting on Omni Layer, Bitcoin Cash’s Simple Ledger Protocol, Kusama, EOS, and Algorand are

Ethereum’s ether (ETH), the second largest crypto asset, is seeing renewed investor interest, with spot exchange-traded funds (ETFs) in the U.S. recording one of their strongest streak of momentum of their one-year history. On Thursday,

U.S. lawmakers may actually get a crypto bill to the president’s desk. The House is set to vote on market structure and stablecoin legislation next week, bringing the U.S. a vital step closer to drafting

With bitcoin (BTC) trading at a record high above $117,000, some of its largest institutional holders are sitting on massive gains — and show no sign of planning to cash out. Strategy (MSTR), the software

This week, bitcoin hit a new all-time-high (above $118K) on the back of strong ETF flows and at least $280 million in new bitcoin treasury investments. Treasury projects are also cropping up for Ethereum and

At the time of writing, solana (SOL) is trading at around $166.28, up 6.23% in the past 24-hour period, according to CoinDesk Research’s technical analysis model. Upexi (UPXI), a Tampa-based consumer brands company listed on

As the U.S. House of Representatives digs into digital assets policy during what lawmakers have styled “Crypto Week” next week, the committee that focuses on tax policy will discuss the proper way forward for taxing

Bitcoin (BTC) broke out of its recent very tight trading range during U.S. Wednesday afternoon hours, threatening to topple its May record of $112,000. The largest crypto briefly notched a new record in U.S. dollar

Revolut, Europe’s most valuable start-up, is in talks to raise $1 billion in fresh capital at a $65 billion valuation, according to the Financial Times. The funding would mark a significant step in the fintech

Bitcoin’s price saw a modest 2.55% increase in June, failing to surpass its May peak of $112,000. The cryptocurrency continues to trade within a narrow range, reflecting a period of consolidation, according to ARK Invest’s

FLOKI FLOKI traded in a wide $0.00005422 range over the past 24 hours, swinging from a high of $0.00009435 to a low of $0.00008913 before settling at $0.00008946, down 1.87%, according to CoinDesk Research’s technical

NEW YORK, New York — The U.S. Treasury Department’s Office of Foreign Asset Control’s (OFAC) sanctions against privacy tool Tornado Cash cannot be discussed at the upcoming trial of developer Roman Storm, a federal judge

Native token of decentralized finance (DeFi) lender Aave AAVE on Tuesday rallied to its strongest price in three weeks, topping $290 as the DeFi lending sector is heating up. AAVE saw considerable volatility throughout Monday

In case you missed it during the holiday week, collaborative design tool Figma filed to go public via IPO. Used by 95% of Fortune 500 companies and with $871 million of revenue over the trailing

Polygon’s native token POL (previously MATIC) rose nearly 3% over the past 24 hours, outperforming the broader market, after establishing multiple support zones, according to CoinDesk Research’s technical analysis data. The token climbed from $0.184

Blockchain Technology Consensus Solutions (BTCS), a Nasdaq-listed firm with an Ethereum (ETH) treasury strategy, surged over 100% on Tuesday on a $100 million funding plan to acquire more ETH for its balance sheet. The company

Murano Global Investments, a Nasdaq-listed real estate firm that owns hotels across Mexico, said it’s building a bitcoin BTC treasury strategy and mulls ways to integrate the largest cryptocurrency into its operations. The $800 million

Solana (SOL) declined 1.45% over the past 24 hours, falling from $151.41 to $149.21 between July 6 at 19:00 UTC and July 7 at 18:00 UTC, according to CoinDesk Research’s technical analysis model. As for

A Nigeria-based scammer posing as Steve Witkoff, a long-time ally of U.S. President Donald Trump and co-chair of the Trump-Vance Inaugural Committee, stole approximately $250,000 in crypto from a would-be political donor, according to a

CoreWeave (CRWV) has agreed to acquire bitcoin miner Core Scientific (CORZ) in an all-stock deal valued at $20.40 per share, implying a ~16x FY26E EBITDA multiple, a steep discount to traditional data center peers, according

Bitcoin miner BitFuFu (FUFU) produced 445 bitcoin in the month of June — an 11.3% jump from May — while expanding its infrastructure across five continents. The Singapore-based miner’s total hashrate under management rose to

On July 6, Max Crown, CEO of the TON Foundation, announced on X a “groundbreaking initiative” offering toncoin (TON) holders the “exclusive chance” to secure a 10-year UAE Golden Visa. The program requires applicants to

Major cryptocurrencies rose Sunday morning as the U.S. Treasury Secretary Scott Bessent hinted at upcoming trade deals before the July 9 Liberation Day tariff deadline. Bitcoin, the leading cryptocurrency by market value, gained over 1%,

The Bitcoin blockchain lacks meaningful on-chain activity, even as its native token, bitcoin BTC, trades near a record per-unit price. That’s according to mempool – a holding area for unconfirmed blockchain transactions waiting to be

“Wall Street is coming for bitcoin.” That phrase used to spark both hope and fear across crypto circles. Today, it’s no longer a future threat or a bullish promise—it’s just reality. The original premise of

At the time of writing, Ether (ETH) is trading at around $2,505, up 0.56% in the past 24-hours, according to CoinDesk Research’s technical analysis model. As for the broader crypto market as gauged by the

Singapore fined nine financial firms, including UBS and Citigroup, S$27.5 million ($21.5 million) after a probe into the country’s largest money laundering scandal, which involved the seizure of assets ranging from luxury real estate to

Bitcoin Cash (BCH) traded at $482.54 on July 5, down 0.23% over the past 24 hours, following a broader retreat from its recent multi-month high, according to CoinDesk Research’s technical analysis model. As for the

U.S. exceptionalism, the notion that the U.S. economy and its financial markets are distinct compared to those of other nations, remains alive and well, at least according to the equity markets. Since the early April

Drake’s latest track, “What Did I Miss,” features lyrics about betrayal, luxury, and bitcoin. The rapper compares fickle friends to the cryptocurrency’s rollercoaster price moves, saying he looked at it “like a BTC”: “Could be

AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise’s NEAR exchange-traded product (ETP). The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of

The Bank of Canada took a significant step in exploring the technical feasibility of a digital Canadian dollar, proposing a specific system designed for a retail central bank digital currency (CBDC) focused on simple, everyday