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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.Gold’s breakout above $5,000 is beginning to look less like a spike and more like a regime shift, as bitcoin drifts sideways around $87,000 in the early hours of Hong Kong trading, in a low-conviction market that continues to struggle with internal supply dynamics.Onchain indicators suggest the divergence reflects market structure rather than sentiment alone.In its latest report, CryptoQuant…

Prosecutors say the conspirators moved fentanyl analogues, MDMA, methylone, and ketamine, distributing bulk drugs and fake pills. A Passaic County man has been sentenced to 12 years in federal prison for his role in a large-scale fentanyl distribution and money laundering conspiracy that involved the use of Bitcoin to pay overseas drug suppliers, according to the latest press release shared by the US Department of Justice. William Panzera, 53, of North Haledon, New Jersey, was sentenced following his conviction for drug trafficking conspiracy and international promotional money laundering conspiracy. Counterfeit Pills, Real Fentanyl According to court documents and statements made…

In brief Researchers warn that AI swarms could coordinate “influence campaigns” with limited human oversight. Unlike traditional botnets, swarms can adapt their messaging and vary behavior. The paper notes that existing platform safeguards may struggle to detect and contain these swarms. The era of easily detectable botnets is coming to an end, according to a new report published in Science on Thursday. In the study, researchers warned that misinformation campaigns are shifting toward autonomous AI swarms that can imitate human behavior, adapt in real time, and require little human oversight, complicating efforts to detect and stop them.Written by a consortium…

Online crypto gambling is evolving fast, and finding the best Cardano casinos empowers you to play with more speed, security, and control over your money. Cardano offers you fast transaction speeds, low fees, and a transparent blockchain that removes many of the delays and trust issues common with traditional platforms. As more players shift toward crypto-first gaming, ADA stands out as a reliable option built for modern online play.In this article, we take you through the top Cardano casinos for 2026 and compare trusted platforms.  We break down bonuses, explore game options, and explain how Cardano works across leading online…

In theory, bitcoin should thrive during times of uncertainty as it’s sound money that’s censorship-resistant. In practice, it’s becoming the first thing investors sell when push comes to shove.As geopolitical tensions flared over the past week, following Trump’s threats of tariffs against NATO allies over Greenland and speculation of potential military action in the Arctic, markets pulled back, and volatility spiked.Since Jan. 18, after Trump first threatened tariffs in his push for Greenland acquisition, bitcoin has lost 6.6% of its value, while gold has moved up 8.6% to new highs near $5,000.The reason lies in how each asset fits into…

As Congress debates crypto market structure legislation, one issue has emerged as especially contentious: whether stablecoins should be allowed to pay yield.On one side, you have banks fighting to protect their traditional hold over consumer deposits that underpin much of the U.S. economy’s credit system. On the other side, crypto industry players are seeking to pass on yield, or “rewards,” to stablecoin holders.On its face, this looks like a narrow question about one niche of the crypto economy. In reality, it goes to the heart of the U.S. financial system. The fight over yield-bearing stablecoins isn’t really about stablecoins. It…

US-based spot Bitcoin exchange-traded funds (ETFs) have extended their outflow streak to five days as crypto market sentiment continues to wane.Spot Bitcoin (BTC) ETFs posted $103.5 million in net outflows on Friday, continuing an outflow streak that began the previous Friday. Over the five days, including the four-day trading week in the US shortened by Martin Luther King Jr. Day on Monday, total outflows reached approximately $1.72 billion, according to Farside data.The spot price of Bitcoin is $89,160 at the time of publication, having not been above the psychological $100,000 price level since Nov. 13, according to CoinMarketCap. Bitcoin is…

A growing number of analysts believe Ethereum’s current price action is being misunderstood. Although frustration is growing due to Ethereum’s inability to hold above $3,000, some technical analysts are quick to point out that the structure forming beneath the surface tells a very different story. According to one analyst, the real risk right now is not being bullish on Ethereum and trying to short in anticipation of a downside breakout. Related Reading Higher Lows And A Structure That Keeps Tightening The analyst’s technical view on Ethereum is focused less on short-term momentum and more on the structure developing on the…

Authorities have not confirmed the exact amount missing, but a local report put the loss at $47.7 million, possibly stolen after an agency worker clicked a phishing link. The Gwangju District Prosecutors’ Office recently discovered that the Bitcoin it had confiscated in a criminal case and stored as part of an investigation was no longer accessible, according to a report by a South Korean news outlet. It is estimated that the losses are at “hundreds of billions of won,” though the exact figure has not been publicly confirmed. Bitcoin Missing From Government Storage The incident reportedly came to light during…

Bitcoin’s recent price weakness has revived the quantum-computing debate, with one high-profile investor arguing it’s already shaping market behavior — and on-chain analysts saying the real driver is more old-fashioned selling pressure.Gold and silver kept ripping on Thursday, with gold up 1.7% to a record $4,930 an ounce and silver jumping 3.7% to $96, while bitcoin slipped back to just above $89,000, roughly 30% below its early-October peak. Since just after Trump’s November 2024 election win, bitcoin is down 2.6%, versus gains of 205% for silver, 83% for gold, 24% for the Nasdaq and 17.6% for the S&P 500.Castle Island…