Despite a 2021 government ban, China has re-emerged as the world’s third-largest Bitcoin mining hub. New data reveals miners are operating covertly through a sophisticated underground network, challenging the effectiveness of the state’s crackdown.
Asia Morning Briefing: Japan’s regulatory clarity and institutional adoption are reshaping regional crypto power, challenging rivals as Tokyo’s market signals it’s ‘ready to pop’ into prominence.
Sora Ventures has unveiled a $1 billion Bitcoin Treasury Fund in Asia, targeting institutional adoption and regional liquidity. The launch signals escalating competition in digital asset treasury management.
Asia Morning Briefing: ETH bulls target $5,000 as capital inflows into Ethereum-based funds pick up, spot and derivatives volumes rising. Market watchers cite stronger macro cues and renewed institutional interest.
In a significant pivot, Animoca’s executive highlights that increasing regulatory scrutiny in the U.S. is fueling China’s push towards stablecoins. This move signals a strategic shift in Asia’s financial landscape, aligning with Hong Kong’s recent crypto initiatives.
In today’s Asia Morning Briefing, CryptoQuant cautions that Bitcoin could plunge to $92K, highlighting a stark divergence in analyst perspectives. Investors are urged to remain vigilant as market sentiment fluctuates amid evolving economic indicators.
In a significant development, Hong Kong launches a trial allowing Chinese nationals access to stablecoins, hinting at a broader shift in cryptocurrency adoption in Asia. Tron’s potential public listing may serve as a pivotal moment for investor confidence in stablecoins.
Taiwan’s regulatory authorities have blocked Uber’s $950 million acquisition of Foodpanda, citing significant anti-competitive concerns. Officials argue that the merger would limit market competition and negatively impact consumers and local businesses.
Euroclear has made its first investment in Asia by acquiring a stake in Marketnode. This move signifies Euroclear’s strategic expansion into the Asian market.
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