Asia Pacific


Markets

First Mover Asia: Fed Fears and Pelosi Taiwan Trip Reverse Bitcoin's Recent Gains

The mood in crypto markets had turned sunnier last week, but now any bright hopes for a strong rally are fading. PLUS: The NFT market just isn't what it used to be.

Taipei, Taiwan, skyline (Creative Commons, modified by CoinDesk)

Markets

First Mover Asia: Was the Metaverse All Just a Dream?

Bitcoin has fallen for four straight days, but the (small-ish) scope of the price decline offers a reminder of how listless digital-asset markets have suddenly become. Sam Reynolds totes up the losses on metaverse-related tokens.

The bitcoin market is looking sleepy. (Metropolitan Museum of Art)

Markets

First Mover Asia: BTC Dips Below $23.5K; The Crypto Bear Market Will Test Thailand’s SEC

The country’s market regulator has said that stricter digital asset rules are coming to ensure that investors are protected.

Bangkok (Getty Images)

Markets

First Mover Asia: Bitcoin’s Recent Gains Have Been Small. What Will Drive Its Price Higher?

The U.S. economy seems headed for recession, if it's not already there. But it's difficult to predict how BTC and other cryptos will perform in the weeks ahead.

(Getty Images)

Markets

First Mover Asia: Crypto Companies Struggle With Layoffs, but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike

The bear market has forced multiple organizations to cut their workforces, hurting morale and weakening the companies.

Crypto companies have been cutting jobs. (Getty Images/iStockphoto)

Markets

First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles

Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls.

Changpeng Zhao, CEO de Binance. (Archivo de CoinDesk)

Markets

First Mover Asia: Is DEX Efficiency a Long-Term Threat to Coinbase; Bitcoin Sinks Below $22K

Coinbase’s revenue dwarfs that of the decentralized exchange Uniswap but the two companies are generating roughly the same trading volume; ether plunges.

(Unsplash)

Markets

First Mover Asia: BTC Falls Below $22.4K; Coinbase Shares Remain Alluring for Institutional Investors

Cathie Wood’s Ark Invest, ETF issuer Exchange Traded Concepts, Cullinan Associates and Utah-based Refined Wealth Management all significantly added COIN to their portfolios as per June 30 filings.

(Leon Neal/Getty Images)

Markets

First Mover Asia: Does Tesla Really Believe in Bitcoin?; Altcoins Rise in Thursday Trading

The electric car maker became a proxy for investors looking to take a position in the cryptocurrency without buying it directly, but its recent jettisoning of $936 million of BTC suggests the company wasn’t all that committed to the asset.

Tesla sold over $900 million in bitcoin during its second quarter. (Blomst/Pixabay)

Markets

First Mover Asia: Bitcoin Stalls as Contagion Hits Zipmex, Vauld. Will Ethereum's Merge Fix This?

Bitcoin is having its best week since March, but with the Federal Reserve still in inflation-fighting mode it seems like the only thing that can really get traders juiced up is the upcoming Ethereum Merge.

Zipmex is the latest casualty of this year's crypto contagion. (Unsplash)