The largest tokenized U.S. Treasury fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), can now be used as collateral on two of the most active crypto trading platforms, Crypto.com and Deribit, issuer Securitize said in a Wednesday press release. The listings allow institutional traders to post BUIDL tokens as margin for leveraged trades on […]

Iranian crypto exchange Nobitex has been hacked for over $82 million by Israel-linked hacking activist group Gonjeshke Darande. The group said in an X post: “After Bank Sepah, it was Nobitex’s turn,” referencing their Tuesday cyberattack on Iran’s state-owned lender. They warned that Nobitex’s internal data and source code would be released within a day, […]

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, ETH is trading above $2500 […]

U.S. banking giant JPMorgan has announced the pilot of a permissioned USD deposit token called JPMD on Base, the layer 2 Ethereum network built by listed exchange Coinbase (COIN). Earlier this week, the bank filed a trademark application for a crypto-focused platform named JPMD, designed to to offer services such as trading, exchange, transfer, and […]

Ether (ETH) ETH traded at $2,555.77 on Tuesday, down 3.7% over the past 24 hours after a sharp rejection near the $2,673 level triggered a wave of selling. The downturn follows several sessions of declining momentum and increasing volatility, culminating in a major sell-off late Monday that broke through initial support and left prices trending […]