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In brief Paxos mistakenly minted 300 trillion PYUSD tokens last week before burning them 24 minutes later in what the company on Wednesday called an “internal technical error” that never left its systems. The Paxos co-founder said “the mistake was entirely ours” and blamed rarely-used manual operational processes designed for “very secure cold minting processes” for the error in the amount minted. The incident comes as Paxos seeks a national trust charter from the OCC under the GENIUS Act, with critics questioning whether the company should receive federal banking authority after the $300 trillion blunder. On Wednesday, Paxos Chief Executive…

American sports betting platform DraftKings is tapping Polymarket as the clearinghouse for its new prediction market, an industry that clocks over $4 billion in monthly trading volume.“Congrats to DraftKings on their acquisition of Railbird. We’re proud for Polymarket Clearing to be their designated clearinghouse as they enter the prediction market space,” Polymarket CEO Shayne Coplan said in an X post on Wednesday.Railbird is a Commodity Futures Trading Commission-regulated predictions market platform, which DraftKings acquired for an undisclosed amount on Tuesday.Polymarket’s clearinghouse is needed to verify trades, hold collateral and ensure all bets or contracts are settled fairly and securely —…

Key NotesT.Rowe Price, managing $1.8T, filed for its first actively managed crypto ETF.The ETF will track 5–15 major cryptocurrencies, including BTC, ETH, and SOL.It aims to outperform the FTSE Crypto US Listed Index using an active strategy. Rowe Price, the 87-year-old investment firm managing over $1.8 trillion in assets, has officially entered the digital asset market. The Baltimore-based asset manager filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to launch the T. Rowe Price Active Crypto ETF, its first cryptocurrency-focused exchange-traded fund. The ETF would be actively managed, offering exposure to a basket of 5–15…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

The Hyperliquid (HYPE) market is showing growing signs of stress as liquidations climb and traders react to renewed selling pressure. After failing to break a key resistance near $38, the token’s price now appears vulnerable to further downside. Despite this, large holders—commonly referred to as whales—are increasing their long positions, suggesting that some investors are betting on a possible rebound. HYPE Struggles Near Resistance HYPE recently attempted to break above the $38 resistance, represented by a critical Exponential Moving Average (EMA) on the daily chart. However, the rejection from that zone reinforced the bearish sentiment, keeping sellers in control of…

Over 40% of Australian Gen Z and Millennials say they regret not investing in cryptocurrency a decade ago, with a new survey from Australian crypto broker Swyftx suggesting they see it as one of the biggest missed opportunities of the last 10 years. The study, conducted by YouGov and released on Thursday, surveyed 3,009 people, finding that almost half of the under-35s surveyed regret missing the crypto boat. This was followed by regret for not buying property and not buying shares in big technology companies such as Apple and Amazon. Part of the FOMO is likely because of the structural buying…

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)…

Jupiter Prepares Full Launch of Solana-Based Prediction Market Before 2026

A recent MEXC Q3 report highlighted the strong performance of the crypto market during the last quarter, which saw active traders surge as the total crypto market capitalization climbed to the $4 trillion mark. Related Reading Spot Market Sees Strong Q3 Performance On Wednesday, crypto exchange MEXC published its Q3 2025 Ecosystem & Growth Report, highlighting sustained expansion, robust user activity, and security from the previous quarter. According to the report, the exchange experienced strong activity and trading momentum during the market run between July and September, with over 680 new tokens added to the crypto exchange in Q3, representing…

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…