Could 3AC and Terraform be Blamed for Singapore’s Crackdown on Offshore Crypto Firms?
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.
As Asia begins its trading day, all major cryptocurrencies are down due to market uncertainty as a result of an Israeli attack on Iran.
Early Friday Hong Kong time, Israel’s military conducted multiple airstrikes against Iranian nuclear facilities, sending the price of
and plunging.
Despite this recent volatility, ETH is still up nearly 40% over the last three months, according to CoinMarketCap, beating the CoinDesk 20 index and bitcoin
.
One theme that market observers…
