Asia Morning Briefing: Hong Kong’s FinTech Week Belonged to Stablecoins, Not CBDCs

-
Once the future of digital money, central bank digital currencies barely featured this year as Hong Kong’s focus shifted to stablecoins and Brazil’s Drex pause showed how even early adopters are rethinking the model.

source https://www.coindesk.com/markets/2025/11/11/asia-morning-briefing-hong-kong-s-fintech-week-belonged-to-stablecoins-not-cbdcs

Comentários

Postar um comentário

Postagens mais visitadas deste blog

Bitcoin, Stocks Hit By $400B Liquidity Drain From U.S. Treasury Account, Not Jackson Hole: Analysts

-
Move over Jackson Hole and inflation fears. The real driver behind the recent swoon in crypto and stock markets is likely the impending liquidity drain stemming from the U.S. government’s Treasury General Account (TGA), a checking account held at the Federal Reserve that is poised for a significant buildup. Bitcoin (BTC) has declined by over 8% to $113,500 since hitting record highs above $124,000 last Thursday, according to CoinDesk data. Prices for other major tokens such as ether (ETH), XRP (XRP), and solana's SOL (SOL) have also corrected, dragging the broader market lower. The CoinDesk 80 Index has dropped 13% since last Thursday. The bullish momentum has also weakened on Wall Street, where the tech-heavy Nasdaq index fell by nearly 1.40% to $23,384 on Tuesday, having hit a record high of $23,969 a week ago. Most market commentary has attributed the losses on Wall Street and in crypto markets to investor de-risking ahead of Federal Reserve (Fed) Chair Jerome Powell’s sched...
Leia mais

DOGE Rallies 6% Ahead of Anticipated ETF Launch

-
Dogecoin surged nearly 6% to $0.261 in the past 24 hours as traders positioned for the scheduled debut of the first U.S. Dogecoin ETF on September 12. Anticipation of the “DOJE” product, coupled with whale accumulation exceeding 280 million DOGE, fueled heavy late-session flows with volume topping 1.1 billion. Analysts now focus on whether the token can sustain closes above $0.26 and build toward the $0.29–$0.30 resistance zone. News Background • The first U.S. Dogecoin ETF (ticker: DOJE) is scheduled to begin trading on September 12, representing the first exchange-traded product linked to a memecoin. • Large holders accumulated more than 280 million DOGE in the days leading up to the listing, signaling growing institutional participation. • Market technicians highlight a bullish pennant breakout on hourly charts, with upside targets extending to $0.28–$0.50 if momentum continues. Price Action Summary • DOGE gained 5.8% during the 24-hour period from September 11 at 03:00 to Sep...
Leia mais

Bitcoin Holds Near $120K, Ether Rallies Towards $4.7K on Trump's Comment, Fed Rate Cut Bets

-
Crypto markets extended gains on Wednesday as traders digested a mix of political tailwinds, dovish Fed expectations, and ongoing ETF inflows into ether (ETH). Altcoins added to their rally during late Tuesday U.S. afternoon hours after Treasury Secretary Scott Bessent suggested the Federal Reserve should consider a 50 basis point rate cut at its upcoming September meeting. Ether extended a strong week with gains of nearly 30%, nearing fresh highs that has historically preceded rotations and market frenzy in altcoins and microcap tokens. ETFs tied to the token registered $520 million in positive flows on Tuesday, data shows , on track to reach over $2 billion in weekly flows for the first time. Bitcoin (BTC) remained steady just under $120,000. Solana’s SOL (SOL) surged 12% to $198, BNB Chain’s BNB (BNB) added 5% to $837, and XRP (XRP) gained 4% to $3.25. Dogecoin (DOGE) and Cardano (ADA) rose over 8%, continuing a tendency of following ETH price action. Traders say recent comment...
Leia mais