Crypto Industry ‘Unprepared’ For Quantum Threat Says Analyst
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.
Bitcoin
is trading around $106,402.39 as Asia begins its trading day, up roughly 0.9%, recovering slightly from a weekend decline attributed to significant outflows from spot Bitcoin ETFs and increased geopolitical uncertainty.
The cryptocurrency had previously dropped 2% from $105,987 to $103,748 amid notable trading volume spikes, influenced by $616 million in ETF outflows, marking the end of BlackRock’s iShares Bitcoin Trust’s 31-day inflow streak, and heightened…
