Coindesk

Dogecoin rallied sharply in the face of global macro uncertainty, climbing 5% during the 24-hour session ending July 23 at 05:00 GMT. The move came as heightened geopolitical tensions fueled risk volatility, yet DOGE displayed resilience with strong intraday recoveries and volume-backed support retests that attracted renewed interest from tactical traders.What to Know• DOGE traded in a tight $0.01 range between $0.26 and $0.27, representing a 5% spread during the session from July 22 at 06:00 to July 23 at 05:00 GMT.• Volume hit 720.64 million and 717.84 million during key reversal windows — nearly 75% above the 24-hour average of 408.52 million.• The final trading hour saw DOGE spike to $0.27 before retracing to $0.26 on a single-minute volume...

South Korea's finance regulator has informally warned local asset managers to reduce their exposure to crypto exchange-traded funds (ETF) and U.S.-listed digital asset firms, according to a report by the Korean Herald.The Financial Supervisory Service (FSS) verbally told several firms to limit their exposure to Coinbase (COIN) and Michael Saylor's Strategy (MSTR), to comply with its 2017 policy stance.The report seems to suggest a change in policy by the country as it was previously reported that the regulator was looking at easing some of the trading requirements for crypto. The FSS' policy prohibits regulated financial institutions from holding or buying equity investments in digital assets. An FSS official said that despite the change in the regulatory environment in the U.S....

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.Mistral AI recently offered a rare benchmark in the Artificial Intelligence industry's environmental disclosure, detailing the footprint of its flagship large language model, Mistral Large 2.Over 18 months, training and operating this model generated 20.4 kilotonnes of CO₂-equivalent emissions, consumed 281,000 cubic meters of water, and depleted 660 kilograms of antimony-equivalent materials, Mistral's report said. Notably, a single 400-token response from its chatbot, Le Chat, uses just 1.14 grams of CO₂, 45 mL of water, and 0.16 milligrams...

Well-known digital asset investor Dan Tapiero is merging private equity firms 10T Holdings and 1RoundTable Partners under a new brand 50T, reflecting his forecast that the digital asset ecosystem will reach a market value of $50 trillion in the next decade."50T is a natural evolution from our original thesis in 2020 when we launched 10T with the belief that the digital asset ecosystem would grow from $300 billion to $10 trillion in 10 years," Tapiero said in a Tuesday press release."Today, we estimate that we're already at $5 trillion, far exceeding our initial timeline, which is why we're adjusting our outlook upward," he said. "Recent successes like the Circle IPO and Deribit acquisition demonstrate the maturity of this sector and...

Ethereum’s validator exit queue swelled on Tuesday to its longest wait time in more than a year, that could signal a rush among stakers to pull funds after a major price rally in ether (ETH).There was nearly 519,000 ETH as of Tuesday U.S. afternoon, worth $1.92 billion at current prices, in line to exit the network, data by validatorqueue.com shows.That the largest amount in the exit queue since January 2024, extending withdrawal delays to over 9 days, per the data source.The congestion is due to the dynamics of Ethereum’s proof-of-stake model, which limits how quickly validators can join or leave the network. Validators are entities that stake tokens to help secure the blockchain in return for a reward.Profit-taking after ETH...