Coindesk

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 its trading day, all major cryptocurrencies are down due to market uncertainty as a result of an Israeli attack on Iran.Early Friday Hong Kong time, Israel's military conducted multiple airstrikes against Iranian nuclear facilities, sending the price of BTC and ETH plunging.Despite this recent volatility, ETH is still up nearly 40% over the last three months, according to CoinMarketCap, beating the CoinDesk 20 index and bitcoin BTC.One theme that market observers are tracking is investors'...

Bitcoin BTC has substantially added to earlier losses, now down more than 4% over the past 24 hours to $103,900 as Israeli forces have bombed targets in Tehran, the capital of Iran.Axios first reported that Israel had conducted an operation inside Iranian airspace, citing unnamed sources, with Al-Jazeera later confirming that explosions were heard in Tehran.Israeli President Benjamin Netanyahu said his country has attacked Iran's nuclear program and ballistic missiles, and that the strikes will continue until the threat is removed.This comes hours after the International Atomic Energy Agency said that Iran was not complying with restrictions on enriched Uranium for the first time in two decades.NBC reported that Israel was considering a strike as a response. President Donald Trump...

SharpLink Gaming (SBET), a Nasdaq-listed company that is pursuing an ether ETH treasury strategy, tumbled 70% on Thursday in after-hours trading following a fresh filing to the U.S. Securities and Exchange Commission.The company submitted an S-3ASR registration statement, enabling the resale of up to 58,699,760 shares related to its private investment in public equity (PIPE) financing. The Thursday filing allows more than 100 shareholders in the PIPE round to sell their shares, effectively flooding the market and triggering a post-close sell-off, Charles Allen, CEO of BTCS, a publicly-traded firm that's pursuing crypto reserve strategy centered on bitcoin BTC, explained in an X post and an interview with CoinDesk.The company raised $450 million earlier this month through a PIPE round from...

Cryptocurrencies were broadly lower on Thursday, with the selloff picking up steam in the early U.S. evening hours.Bitcoin BTC slipped more than 2.5% over the past 24 hours to $105,900, but the declines were far steeper in altcoins, with ether ETH, solana SOL, XRP XRP and dogecoin DOGE among those tokens sporting 5%-7% drops.Risk assets in general got off to a poor start Thursday as President Trump threatened renewed tariff measures as the early July deadline for trade deals begins to get near.In addition, with nuclear negotiations with Iran not going well, there were boosted fears of Israeli strikes against Iranian nuclear sites. “Look, there’s a chance of massive conflict,” Trump told reporters at the White House on Thursday. “We...

Crypto exchange Coinbase is planning to launch a credit card that offers bitcoin BTC cashback, the company said on Thursday.The Coinbase One Card, issued in partnership with American Express, includes perks such as earning 4% in BTC after purchases, boosted rewards on USDC stablecoin holdings and higher staking rewards and transaction credits on Base, the Ethereum layer-2 network developed by the exchange, according to the card's website. The card's rollout is expected this fall.The move comes as more crypto platforms and exchanges are rolling out payment cards to enable users to spend their blockchain-based token stash on everyday purchases. For example, self-custodial wallet MetaMask introduced its debit card last year, while Mastercard unveiled plans in April to launch debit cards...