U.S. Treasury yields are climbing swiftly, with the 30-year yield rising back above 5% and the 10-year jumping to 4.50% after the U.S. Court of International Trade ruled President Donald Trump’s key tariff measures illegal. The court said Congress had exclusive authority to regulate trade with other countries, and the president exceeded his authority by […]

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 […]

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. […]

Decentralized finance (DeFi) platform Cork Protocol has suffered a smart contract exploit, with hackers reportedly stealing $12 million worth of wrapped staked ether (wstETH). Blockchain security monitor Cyvers noticed the exploit, stating that the malicious contract was deployed by a wallet likely funded by a service provider. It added that $12 million worth of wstETH […]

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Ether ETH appears poised to surpass the $3,000 mark as it forms an “ascending triangle” pattern on the price chart. The ascending triangle is characterized by horizontal upper-bound resistance or supply point that repeatedly caps gains and an upward-sloping support […]