BJ Hong Kong-based RedotPay, a crypto payment fintech serving over four million users, has partnered with stablecoin issuer Circle’s new payment network (CPN), to take the headache out of Brazil’s cross-border transactions. The CPN collaboration means RedotPay users can now send cryptocurrency directly to Brazilian bank accounts, with funds automatically converted into Brazilian Real (BRL) upon … Read more
The cryptocurrency market continues to feel the effects of global economic tensions, with investor sentiment swaying under the weight of rising geopolitical risks and trade uncertainty. Uniswap’s UNI token saw a sharp intraday swing between $6.045 and $6.385 before stabilizing above $6.11, signaling cautious buyer support, according to CoinDesk Research’s technical analysis data model. Although … Read more
Japan’s Metaplanet said on Monday it has purchased additional 1,088 bitcoin BTC to bring its total holdings to over 8,888 BTC, now worth over $930 million. The latest acquisition cost the company 16.885 billion Japanese yen ($117.5 million), with an average purchase price of approximately 15.5 million yen ($108,051) per bitcoin, per a disclosure. Metaplanet’s … Read more
Malicious Ethereum contracts designed to drain wallets with weak security aren’t profiting from the operation, crypto market maker Wintermute said Friday, identifying these contracts as “CrimeEnjoyors.” The whole issue is tied to the Ethereum Improvement Proposal (EIP)-7702, part of the Pectra upgrade that went live early last month. It allows regular Ethereum addresses, secured by … Read more
Taiwanese cryptocurrency exchange BitoPro is suspected to have lost over $11.5 million worth of tokens in a May 8 exploit, widely-followed blockchain sleuth ZachXBT said in his Telegram group on Monday. The exploit involved unauthorized access to BitoPro’s hot wallets across multiple blockchains, including Ethereum, Tron, Solana, and Polygon. The stolen assets were then sold … Read more
Market watchers say that major tokens are showing signs of bottoming out, even as geopolitical tensions and tariff fears continue to cloud the near-term outlook. Bitcoin BTC hovered around $105,000 in Asian morning hours Monday, slightly changed in the past 24 hours but down 5% over the past week. Ether ETH, XRP XRP, Solana’s SOL … Read more
Tech billionaire Elon Musk, the boss of X (formerly Twitter), announced on Sunday the launch of a brand-new messaging app called XChat. Neither the bitcoin BTC market nor the tech community is impressed. One of the key features of the new offering is that it’s built on a programming language called Rust with Bitcoin-style encryption. … Read 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. Bitcoin BTC is trading above $105K as Asia begins its business … Read more
Meet James Wynn, the pseudonymous trader on Hyperliquid who became famous for his $1 billion bitcoin short bet, could now be gaining a new kind of fame: as crypto’s own “Inverse Cramer.” For those unfamiliar with the Cramer lore: he’s the high-octane, loud-money mascot of CNBC’s Mad Money, a former hedge fund manager turned stock … Read more
XRP, used by Ripple to facilitate cross-border transactions, ended May with signs of indecision. Still, activity on the dominant crypto options exchange, Deribit, suggests that bulls aren’t ready to back down yet. The payments-focused cryptocurrency formed a “doji” with a long upper shadow in May, a classic sign of indecision in the market, according to … Read more
