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 held its footing as Hong Kong began its business day, trading …
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Bhutan Debuts Sovereign Gold-Backed TER Token
Bhutan is extending its national blockchain strategy with a gold-backed digital token issued by Gelephu Mindfulness City and supported by the Kingdom’s sovereign framework. The TER token is designed to act as a new bridge between traditional value stores and blockchain-based finance, according to an emailed announcement on Thursday. Tokens are being issued on Solana, …
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Crypto Among Industries Major Banks “Debanked,” OCC Finds
The nine largest US banks restricted financial services to politically contentious industries, including cryptocurrency, between 2020 and 2023, according to the preliminary findings of the Office of the Comptroller of the Currency (OCC). The banking regulator said on Wednesday that its early findings show that major banks “made inappropriate distinctions among customers in the provision …
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A new loophole just proved you don’t actually own your shares – but the fix is already live on Solana
The SEC-registered transfer agent, Superstate, just enabled direct issuance of SEC-registered shares on Ethereum and Solana, settling primary sales in stablecoins and recording ownership to a transfer agent’s ledger that treats the blockchain as the master file. The company’s Direct Issuance Programs let issuers deliver tokens that represent the same legal equity with voting and …
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State Street and Galaxy to Launch Tokenized Liquidity Fund on Solana (SOL) in 2026
State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026 that uses stablecoins for around-the-clock investor flows, expanding the use of public blockchains in institutional cash management, the companies announced Wednesday. The State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, will accept subscriptions and redemptions in PYUSD, a …
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U.S. Banking Regulator Warns Wall Street on ‘Debanking,’ Claims Practices ‘Unlawful’
President Donald Trump’s drive against U.S. debanking of controversial industries, such as digital assets, has led to a new report from the Office of the Comptroller of the Currency that further confirms the past practice and warns of potential punishment for the banks allegedly involved. The OCC is directing banks to heed President Donald Trump’s …
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Andreessen Horowitz Crypto Unit to Expand Into Asia With South Korea Office
A16z crypto, a venture capital fund of Andreessen Horowitz (a16z), said it is expanding into Asia, opening an office Seoul and hiring Sungmo Park to head operations in the region. South Korea is the world’s second-largest crypto market, the Andreessen Horowitz unit said in a blog post. The office will work with founders by building …
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U.S. Fed Trims Benchmark Fed Funds Rate Range to 3.50%-3.75%
The U.S. Federal Reserve delivered a widely expected 25 basis point rate cut on Wednesday, lowering the range on its benchmark fed funds rate by 25 basis points to 3.50% to 3.75%. This marks the third straight quarter point reduction and brings short-term borrowing costs to their lowest level since 2022. “Uncertainty about the economic …
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Stripe’s Tempo Testnet Goes Live
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Stripe-Backed Blockchain Tempo Starts Testnet; Kalshi, Mastercard, UBS Added as Partners ZKsync Lite to Shut Down in 2026 as Matter Labs Moves On Blockstream Connects Lightning and Liquid for …
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HBAR Edges 1.8% Higher to $0.1372 as Government Adoption Momentum Builds
Hederea (HBAR) posted measured gains during Tuesday’s trading session, climbing 1.8% from $0.1348 to $0.1372 over the 24 hour period ending Dec. 10 at 14:00 GMT. The cryptocurrency has now established a clear ascending trend with higher lows at $0.1360 and $0.1370. Trading remains contained within a $0.0067 range representing 4.7% volatility. The price action …
Continue reading HBAR Edges 1.8% Higher to $0.1372 as Government Adoption Momentum Builds