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News BackgroundXRP extended its late-August advance, climbing nearly 9% on the week while trading tightly around the $3.00 psychological level.Gemini launched an XRP-rewards Mastercard with WebBank, offering up to 4% cashback in XRP. The release pushed Gemini ahead of Coinbase in U.S. iOS app rankings.Institutional flows into XRP-linked products reached an estimated $25 million daily, adding depth to the market backdrop.Analysts continue to monitor breakout setups, with longer-term technical targets cited near $27 if the current compression phase resolves upward.Price Action SummaryAcross the 24-hour session ending August 27 at 04:00 GMT, XRP traded in a $0.09 band between $2.95 and $3.05, closing at $2.98 for a 1.3% intraday decline.The heaviest activity came at 20:00 GMT, when volumes surged to 273.15...

News BackgroundBetween August 24–25, a whale shifted 900 million DOGE (over $200 million) into Binance wallets, sparking fears of a broader sell-off. Prices briefly fell from $0.25 to test $0.23 support on elevated volumes.Despite this, on-chain data shows whales accumulated 680 million DOGE through August, creating a tug-of-war between distribution and accumulation.Futures positioning weakened, with open interest sliding 8% in the aftermath of the transfer, highlighting reduced speculative leverage.Broader meme-coin sentiment remains tied to macro signals, with Powell’s Jackson Hole remarks fueling a temporary sector-wide rally.Price Action SummaryFrom August 27 at 03:00 to August 28 at 02:00, DOGE traded in a tight $0.01 (3%) range, holding around $0.22.Peak institutional participation came at 20:00 GMT on August 27, when DOGE advanced...

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.China’s growing focus on stablecoins is less about embracing crypto and more about defending its currency from U.S. dollar dominance, says Dr. Vera Yuen of Hong Kong University's Business School, who argues the shift highlights offshore opportunities but also deep domestic limits.Beijing's shift comes as Washington moved first to create a regulatory framework for the stablecoin industry in the U.S. Reuters recently reported that China's State Council is reviewing a roadmap for yuan-backed stablecoins later this month, with...

Nvidia (NVDA) reported stronger-than-expected earnings for the second quarter on Wednesday, posting revenue of $46.7 billion, a 56% increase from a year earlier. The results underscore the chipmaker’s role at the center of the AI boom, as demand for its high-powered processors showed little sign of slowing.Shares of the company fell 1.7% in after-hours trading, with some noting data center revenue as a bit soft at $41.1 billion against estimates of $41.29 billion.AI-linked tokens such as Internet Computer (ICP), NEAR Protocol, and Bittensor (TAO) showed little reaction to the news, trading roughly flat from prior to the results.Bitcoin (BTC), ether (ETH) and XRP (XRP) knee-jerked lower on the news, but quickly retraced those losses, showing roughly no net movement from...

Finastra, a London-based financial tech provider to some of the world's largest banks, said Wednesday it will connect its payments hub to Circle’s (CRCL) USDC stablecoin, giving banks an option to settle cross-border transfers with the token.The integration will begin with Finastra’s Global PAYplus (GPP), which processes more than $5 trillion in daily cross-border payment flows, the firms said in the press release.The move underlines how stablecoins, a group of cryptocurrencies with prices anchored predominantly to fiat currencies like the U.S. dollar, are increasingly being tested by major financial institutions as alternatives to traditional settlement channels. Payments giants Stripe and PayPal already have their own stablecoin infrastructure in place, while several major banks, large retailers reportedly explore having their own...