PLUS: ETH's rally might be in its early stages, but there are a few headwinds holding it back What to know: Ethereum surged past $2,600 in Asian trading, driven by strong institutional ETF inflows and rising DeFi activity. Bitcoin and luxury watches, once correlated, have diverged with Bitcoin up 56.9% while watches have declined. 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...

Good morning. Here’s what’s happening: Prices: BitBull Capital's Joe DiPasquale says that a rate hike pause has helped the market, but rate cuts are what's needed to stop it from struggling in the future. Insights: Indonesia updates its list of digital assets approved for trading in the country. Is its motivation to increase tax revenues? Prices CoinDesk Market Index (CMI) 1,108 −5.5 ▼ 0.5% Bitcoin (BTC) $26,366 −144.8 ▼ 0.5% Ethereum (ETH) $1,724 −2.9 ▼ 0.2% S&P 500 4,409.59 −16.3 ▼...

Good morning. Here’s what’s happening: Prices: The Consensus 2023 festival brought builders and investors to Austin, and wrapped up Friday night with attendance records that broke expectations. But bitcoin (BTC) is opening the trading week in Asia flat. Insights: Crypto developers and other industry stalwarts who attended Consensus were upbeat about the industry's future, but U.S. regulatory actions remain an obstacle, CoinDesk journalists noted from Consensus 2023. Catch the latest episodes...