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Hong Kong’s Securities and Futures Commission (SFC) has approved Asia’s first spot Solana (SOL) exchange-traded fund (ETF). This approval marks a new milestone in the city’s effort to expand its role as a regional crypto finance hub.The ETF, managed by ChinaAMC (Hong Kong), will begin trading on October 27. The minimum investment threshold is around $100.Sponsored SponsoredExpanding Crypto ETF Options in Hong KongThe SFC has approved the launch of a spot Solana (SOL) ETF. It becomes the third cryptocurrency-based spot ETF authorized in Hong Kong, following Bitcoin (BTC) and Ethereum (ETH). ChinaAMC will fully back the product with physical Solana…

Planets would almost need to align for Bitcoin to reach $250,000 by the end of the year, according to Galaxy Digital CEO Mike Novogratz.Several crypto executives have recently doubled down on their $250,000 Bitcoin (BTC) predictions by year-end.“The end of the year is only two and a half months away,” Novogratz said during an interview with CNBC on Wednesday, adding: “There would have to be a heck of a lot of crazy stuff to really get that kind of momentum.” At the time of publication, Bitcoin is trading at $107,649, according to CoinMarketCap, meaning it would need to surge approximately 133% within…

Tesla (TSLA) continued to hold 11,509 BTC, valued at around $1.35 billion as of the end of the third quarter (valued somewhat less as of today).The rise in bitcoin’s value during the third quarter allowed the company to book an $80 million gain on its holdings. For perspective, adjusted EBITDA for the quarter was $4.3 billion and the company was sitting on total cash and equivalents of $41.6 billion as of the end of the quarter.The electric vehicle manufacturer reported third quarter revenue of $28.1 billion, topping estimates for $26.36 billion. Adjusted EPS (which would not include digital asset gains)…

One of the more conservative trillion-dollar asset managers, T. Rowe Price, has surprised analysts after filing to list an actively managed crypto exchange-traded fund in the US.T. Rowe’s S-1 registration statement to launch an Active Crypto ETF could shake up its largely mutual fund-focused offerings — an asset class that has bled tens of billions of dollars in outflows over the last month.The filing submitted to the Securities and Exchange Commission on Wednesday states the fund is expected to hold five to 15 cryptocurrencies that are eligible under the SEC’s generic listing standards, which include Bitcoin (BTC), Ether (ETH), Solana…

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.Crypto markets have entered midweek in a holding pattern.Bitcoin is trading around $108,164, up slightly from Monday but still down 2% on the week, while Ether is changing hands near $3,815.The rebound reflects what QCP Capital called a “narrow-range equilibrium” as traders await Friday’s CPI report, the only major U.S. economic data release not delayed by the shutdown.In…

In brief Coinbase’s new MCP tool lets AI agents hold wallets and send stablecoin payments. Payments MCP builds on Coinbase’s x402 protocol for machine-to-machine crypto transfers. Built-in wallet limits and compliance checks aim to keep AI spending safe and traceable. Coinbase is linking artificial intelligence directly to crypto payments with a new system built on the Model Context Protocol that lets AI agents hold wallets, send stablecoin payments, and interact with online services.The launch of Payments MCP connects AI to on-chain value transfer at scale, giving machines the ability to transact autonomously through a standardized protocol.Payments MCP builds on x402,…

In brief Coinbase’s new MCP tool lets AI agents hold wallets and send stablecoin payments. Payments MCP builds on Coinbase’s x402 protocol for machine-to-machine crypto transfers. Built-in wallet limits and compliance checks aim to keep AI spending safe and traceable. Coinbase is linking artificial intelligence directly to crypto payments with a new system built on the Model Context Protocol that lets AI agents hold wallets, send stablecoin payments, and interact with online services.The launch of Payments MCP connects AI to on-chain value transfer at scale, giving machines the ability to transact autonomously through a standardized protocol.Payments MCP builds on x402,…

Hyperliquid Strategies, a new digital asset treasury company, has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission, signaling its intent to raise $1 billion for general purposes, including the accumulation of Hyperliquid’s native token HYPE.Hyperliquid Strategy is a merger-in-progress involving Nasdaq-listed biotech firm Sonnet BioTherapeutics and a special purpose acquisition firm, Rorschach I LLC. The impending crypto treasury company will focus on the Hyperliquid ecosystem.The company plans to issue up to 160 million shares of common stock, with Chardan Capital Markets acting as the financial advisor for this fundraising effort, according to a Wednesday filing.”In…

Bitcoin’s recent price movements suggest that the market could be entering a cooling phase after an intense rally earlier this year. Two unsuccessful attempts to break higher have raised doubts about the short-term strength of buyers, even as long-term holders quietly accumulate. Over the past two weeks, Bitcoin made two efforts to regain bullish momentum — first around October 13 and again on October 20. Both were met with resistance, signaling a slowdown in market energy. The price has been hovering in the $104,000 to $110,000 range, unable to reclaim its 30-day Fair Value, a sign that traders are becoming…

Crypto market analysts are eyeing one more Bitcoin (BTC) flush near $104,000 before the crypto bull market will have a chance to restart, based on historical patterns. Bitcoin’s long-term support technical indicator is the 50-week simple moving average, and that currently stands at around $102,500 according to TradingView.It has served as solid support four times since the bull market began in mid-2023 and is likely to be revisited again, analysts said. There is still a lot of leverage in the market and a large liquidity cluster around $104,000, observed analyst ‘Sykodelic’ on Thursday. “I know its not what any holder wants to…