Crypto rises with Asian tech stocks, zcash extends gain after setting upgrade date
Bitcoin rose to a one-week high as Asian tech stocks rebounded and SpaceX and Tesla formed committees to explore a merger.
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Summary
- Bitcoin rose to around $83,500, up 0.6% since midnight UTC and its highest level in a week, as an earnings-led rebound in Asian technology stocks lifted risk assets.
- SpaceX and Tesla formed special committees to discuss a merger that would combine more than 30,000 bitcoin, while South Korea’s Kospi index rose 3.29% and Nasdaq 100 futures gained 0.44%.
- Near led the CoinDesk 100 Index with a 6.0% gain, while zcash extended a jump of about 11% over the past day after developers set a November date for the privacy-focused blockchain’s upgrade.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
