Coindesk

APAC is “uniquely positioned” to lead the next phase of global cryptocurrency growth, according to a survey conducted last month by Protocol Theory on behalf of CoinDesk.This is just a preview of the insights available in CoinDesk's latest report, Driven by Demand: The People-Powered Crypto Movement in APAC. Download the report today for even more exclusive findings.The region already boasts a higher adoption rate than its neighbors at 24% versus a worldwide average of 7.8%. The report found this is driven by a range of factors including rising internet penetration, evolving regulatory environments, speculative interest, practical utility, growing understanding, and a belief in crypto's future potential.Surveying 4,267 people across Australia, China, Hong Kong, India, Japan, Philippines, Singapore, South Korea, Thailand,...

Human beings are emotional, and that's especially so in crypto markets. Round numbers are idolized much more than in traditional finance, and investors and traders are susceptible to panic-selling if price gains stall near a number with several zeros at the end. At the same time, some traders look to front-run the exodus, stacking order books such that it becomes a self-fulfilling prophecy.Take, for example, bitcoin (BTC), which has again drawn up short at the so-called psychological $100,000 sell wall. While earlier analysis has pointed at profit-taking, capitulation from short-term holders and just not enough demand to take bitcoin higher, it's interesting — possibly even useful —to know if there's a recurring pattern.An analysis of historical price movements based on...

By Omkar Godbole (All times ET unless indicated otherwise)It's literally raining BTC options! OK, not literally, but just two weeks after call and put contracts for BlackRock's spot bitcoin exchange-traded fund (ETF) began trading, we now have Cboe cash-settled FLEX options on both the Cboe Bitcoin U.S. ETF Index and the Cboe Mini Bitcoin U.S. ETF Index.These options debuted without much fanfare on Monday and have opened up a new "defined outcome" market, according to Jeff Park, the head of alpha strategies at Bitwise. Park says they allow for the customization of over-the-counter strategies while completely cutting out counterparty risk. That paves the way for innovative strategies focused on principal protection and range accrual at a time when giant companies...

Michael Saylor's pitch to Microsoft's (MSFT) board on whether the software giant should add bitcoin to its balance sheet is unlikely to get shareholder approval, with Polymarket bettors only giving an 11% chance of it being approved.Each bet comprises a "Yes" and a "No" side. Each share pays out $1 in USDC, a stablecoin, or cryptocurrency that trades at par with the U.S. dollar, if the prediction comes true, and zero if not.In October, a proposal from the National Center for Public Policy Research urged Microsoft to add bitcoin to its balance sheet as a diversification investment, but the board recommended shareholders vote against it, arguing that crypto lacked the stability to be part of the treasury of a company...

The Ethereum blockchain's transactional revenue has increased substantially since Donald Trump's U.S. election victory, Steno Research said in a Monday report."This outcome is crucial for all onchain activity," wrote analyst Mads Eberhardt.The surge has led to higher staking rewards and more ether (ETH) being burned via transaction fees, the report said."This combination strengthen's Ethereum's tokenomics," Steno said, making ether a more appealing asset.Steno noted that the amount of USDT on the Ethereum network surpassed supply on the Tron blockchain for the first time in more than two years. This is a clear sign that on-chain activity is booming, resulting in greater demand for ether to facilitate transactions and higher transactional revenue.The number of daily transactions on Ethereum layer-2 networks, or...