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Elon Musk's 'America Party', a pro-tech centrist party the Tesla and SpaceX founder plans to form after his split from President Donald Trump, would embrace bitcoin (BTC) Musk said on X.Musk has been a long supporter of cryptocurrencies, with SpaceX and Tesla both holding BTC in their corporate treasuries.The America Party formed out of a rift between Musk and President Trump over the 'Big Beautiful Bill' which Musk has criticized as being fiscally irresponsible, calling it the "debt slavery bill".Musk envisions the party, which has not yet been officially registered, as one which takes a pro-tech, pro-free speech and anti-regulation agenda, with centrist policies everywhere else.The America Party doesn't yet have an official website, so all that's known about its...

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.As Asia begins a new trading week, bitcoin (BTC) is changing hands at $109K, up 0.8% in the last week or 4.5% in the last month, according to CoinDesk market data.In an era of continued sizeable BTC buys from Michael Saylor's Strategy (MSTR), sustained BTC Exchange Traded Fund (ETF) inflows, and more companies adopting a BTC treasury strategy, one has to wonder why bitcoin's price hasn't shot past all-time highs.A new report from CryptoQuant spells it out: all...

On July 6, Max Crown, CEO of the TON Foundation, announced on X a groundbreaking initiative offering Toncoin (TON) holders the exclusive chance to secure a 10-year UAE Golden Visa. The program requires applicants to stake $100,000 worth of toncoin for three years and pay a one-time processing fee of $35,000. After the three-year lock-up period, staked funds can be unlocked, and during this time, applicants earn an estimated 3–4% annual percentage yield (APY) on their staked tokens. The TON Foundation’s website highlights several key benefits: fast approval within seven weeks from document submission, a simple process without the need to purchase real estate or meet income thresholds, and inclusion of family members — spouse, children, and parents — at...

The Bitcoin blockchain lacks meaningful on-chain activity, even as its native token, bitcoin BTC, trades near a record per-unit price. That's according to mempool – a holding area for unconfirmed blockchain transactions waiting to be included in a block by miners.On Satuday, the mempool had just 5,000 odd transactions awaiting inclusion, with the tally rising to 15,000 at press time, still a far cry from 150,000 when BTC's price first rose above $100,000 in late 2024, according to data source Blockchain.com.Since March this year, the tally has oscillated between $3,000 and $30,000, indicating anaemic demand for the network despite BTC establishing a foothold above $100,000."Bitcoin's mempool (queue of transactions waiting to be processed) is almost completely empty. The percentage of...

"Wall Street is coming for bitcoin."That phrase used to spark both hope and fear across crypto circles. Today, it's no longer a future threat or a bullish promise—it's just reality. The original premise of bitcoin (or crypto in general)—an asset that is censorship-resistant and doesn't answer to any traditional financial institution or government—is fading fast as Wall Street giants (as well as powerful political figures) continue to establish their strong foothold in the digital assets space. During the early years of the digital assets revolution, bitcoin was celebrated as uncorrelated and unapologetically anti-establishment. TradFi asset classes like S&P 500 would rise and fall—bitcoin didn't care. What bitcoin did care about were the flaws in the traditional financial system, which are...