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Ether ETH led major tokens with a modest gain, jumping above $2,700 early Thursday as broader crypto markets remained range-bound despite a flurry of macro and corporate headlines.Ether-based spot ETFs recorded net inflows, reinforcing institutional appetite for the asset even as bitcoin BTC flows slowed, traders said.XRP’s price remained largely unchanged after Nasdaq-listed VivoPower announced a $121 million allocation toward building an XRP-based treasury reserve — echoing a bitcoin-based strategy made famous by Strategy (MSTR) and Metaplanet."While US stocks rose after a federal court blocked Trump's tariffs, Bitcoin slumped after the Fed decided to hold interest rates,” said Nick Ruck, director at LVRG Research, in a Telegram message to CoinDesk.“These signals could indicate investors remain positive in the long term...

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.Telegram's blockbuster deal with xAI, which would see Elon Musk's AI company integrate into Telegram and the two firms share revenue, is still a work in progress despite an announcement from Pavel Durov earlier Wednesday, U.S. time, that the deal was inked.TON, a token affiliated with Telegram's ecosystem, is trading at $3.30, rallying there from $3 after the initial – now refuted – announcement of the partnership was made. The token is down from an earlier high of...

LAS VEGAS, Nevada — The government of Pakistan has plans to establish a strategic bitcoin BTC reserve and support bitcoin mining, the country’s Minister of State for Blockchain and Crypto Bilal Bin Saqib announced at Bitcoin 2025 in Las Vegas on Wednesday.Bin Saqib said that Pakistan’s plans for a strategic bitcoin reserve were inspired by U.S. President Donald Trump's administration’s own nascent plan for a strategic bitcoin reserve in the U.S., which will — at least at first — be filled with the U.S. government’s holdings from criminal and civil forfeitures, estimated to sit at around 200,000 bitcoins. He also said that the government of Pakistan was following the U.S.’s push for stablecoin legislation, the GENIUS Act, “very carefully.”Like the bitcoins earmarked...

A deal that would bring xAI's Grok to Telegram has apparently not been signed, despite prior reporting, putting sell pressure on TON's recent rally. "No deal has been signed," Musk posted late Wednesday in response to the Telegram founder's announcement.TON, a token associated with Telegram, dropped from $3.60 to $3.40 in the moments after the tweet. The token had been on a rally in the hours after the announcement, previously up 14% on-day, according to CoinDesk market data. More to come...Source link

The U.K.'s Financial Conduct Authority (FCA) is seeking additional views on its upcoming stablecoins regime, it said on Wednesday."In support of the opportunities stablecoins present to financial services and the broader economy, the FCA will explore adding a specific focus on stablecoins to its innovation services in the coming months," the FCA's statement said.The FCA's proposed rules are meant to ensure stablecoins maintain their value and seek to reduce the likelihood of stablecoin and crypto custody companies failing.Stablecoins have been something regulators have been watching carefully following the collapse of the algorithmic stablecoin terraUSD in 2022 that resulted in investors losing out on their life savings.The FCA has been establishing its new crypto regime since 2023. In 2023 it published...