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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.ANALYSISPolymarket’s potential launch of the POLY token may mark the end of UMA’s reign over prediction markets and the beginning of an era where truth itself is governed in-house.So far, the token has only been teased. Nothing is known about the tokenomics or utility of the token, but given complaints from the community, it’s possible to speculate on…

Ripple is deepening its presence in the Middle East through a new partnership with Bahrain Fintech Bay (BFB), the kingdom’s leading fintech incubator and blockchain ecosystem builder.The collaboration, announced on Oct. 9, strengthens Ripple’s foothold in a region rapidly becoming a testing ground for digital asset infrastructure.Indeed, Bahrain has long positioned itself as a fintech gateway to the Gulf. In 2019, the country’s central bank was one of the first in the world to issue comprehensive crypto-asset regulations, attracting early pilots from firms like Binance.By joining forces with BFB, Ripple gains access to an innovation hub that connects government regulators,…

The idea of earning Bitcoin and Dogecoin rewards without heavy initial costs is now mainstream. Thanks to cloud mining, investors are earning stable daily rewards from popular cryptocurrencies without managing hardware or paying electricity bills. RockToken takes it further by easy access and contracts that can be scaled gradually for better mining profits. This guide quotes the noise, answers some recurring investor questions, and looks at the 5 leading-performing cloud mining platforms delivering daily returns. It also shows what makes RockToken so efficient in Bitcoin and Dogecoin cloud mining.Popular Questions Among InvestorsDespite the undeniable success that cloud mining has delivered in…

As the stablecoin sector sees global momentum grow, white label event management infrastructure provider Rhuna has raised $2 million in seed funding to expand stablecoin payments in the entertainment industry. Related Reading Rhuna Raises $2 Million In Seed Round On Thursday, Romania-based infrastructure platform Rhuna announced the completion of a $2 million seed round, led by Aptos Labs, to continue providing on-chain payments, access, identity, and rewards infrastructure for the entertainment industry. The seed round saw the participation of Acc Ventures, X Ventures, NewTribe Capital, Keyrock, CoinarketCap Labs, FunFair, Lémanique, and other investors. Notably, Rhuna provides event organizers with a…

Roger Ver — once dubbed “Bitcoin Jesus” for his early evangelism of bitcoin — has reached a tentative deal with the U.S. Justice Department to resolve criminal tax fraud charges, according to The New York Times reporting. The agreement, still awaiting court approval, would require Ver to pay roughly $48 million in back taxes. In return, prosecutors would drop the case if he meets the terms of a deferred-prosecution deal. The case against Ver, filed in 2024, accused him of evading taxes tied to his massive bitcoin holdings before renouncing his U.S. citizenship in 2014. He was arrested in Spain…

Despite several major catalysts, Bitcoin’s price fell from its all-time high, reaching critical support. Summary Bitcoin’s price is falling despite record ETF inflows and adoption Stocks and gold have fared much better compared to BTC this week Still, declining confidence in the dollar may boost Bitcoin and gold Bitcoin’s price is slowing, despite record ETF inflows, treasury accumulation, and adoption. After reaching an all-time high of $126,198, Bitcoin dipped below its key support of $120,000 on October 9. Experts are split on their views, with some seeing this as a short-term pullback, while others point to structural causes. Ruslan Lienkha,…

Early Bitcoin BTC$121,868.42 investor and BCH$584.33 advocate Roger Ver is close to settling tax fraud charges with the U.S. Department of Justice, the New York Times reported Thursday.Often known as “Bitcoin Jesus” due to his early evangelization for the crypto, Ver was indicted last April and arrested in Spain on allegations he failed to file tax returns on capital gains he made after selling “tens of thousands” of bitcoins and giving up U.S. citizenship, the DOJ charged at the time. Ver fought his extradition to the U.S., filing a lawsuit earlier this summer.According to the Times, the proposed settlement is…

The crypto industry is recoiling from a document reportedly outlining a U.S. Senate Democratic pitch on handling decentralized finance (DeFi) as a component of the wider effort toward regulating crypto in the U.S.The proposal — a detailed outline describing an approach to DeFi, first reported by Politico — suggests that a firm or individuals that handle customer needs on the front end of a DeFi operation should have to register with the Securities and Exchange Commission or the Commodity Futures Trading Commission and be regulated as a broker.The language defining who would be roped into regulation as an intermediary would…

Despite previously supporting a crypto market structure bill, several Democratic US senators have reportedly introduced a counter-proposal that could see decentralized finance protocols placed on a “restricted list” if deemed too risky. This move, among others they proposed, could “kill DeFi,” according to critics. The Senate Banking Committee Democrats sent a proposal to the committee’s Republicans on Thursday seeking to impose Know Your Customer rules on the frontends of crypto apps — including non-custodial wallets — and stripping protections from crypto developers, several industry commentators said on Thursday, citing a report from Punchbowl News.Crypto lawyer Jake Chervinsky said the counter-proposal…

Early Bitcoin investor and Bitcoin Cash co-founder Roger Ver has reached a tentative settlement with the U.S. Department of Justice over criminal tax charges tied to an alleged $48 million loss to the government, The New York Times reported on Oct. 9.Ver was arrested in April 2024 and charged with mail fraud, tax evasion, and filing false tax returns.Prosecutors alleged that Ver concealed ownership of large Bitcoin holdings from the Internal Revenue Service while living abroad, thereby depriving the U.S. government of tens of millions of dollars in tax revenue.People familiar with the matter told the newspaper that under the…