#digital-assets

#digital-assets

In today's ExchangeWire news digest: TikTok readjusts its e-commerce business in a bid to break out of Asia; the IOSCO reveals a proposed global approach to crypto regulation; and Twitter accuses Microsoft of inappropriately harvesting data from the platform.TikTok has adjusted its e-commerce business in an effort to crack western markets such as the UK and the US.

Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR.She has previously worked across breaking news, global finance, tech, culture and business.She holds a small amount of BTC and ETH and several NFTs.The non-fungible token ( NFT) market is evolving, and measuring its success depends on which metrics you're looking at.

This article originally appeared in First Mover, CoinDesk's daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day.An onchain metric suggests that litecoin (LTC), the 12th largest cryptocurrency by market value, is trading at discounted prices.

U.S. Bitcoin Corp (USBTC) has signed multi-year agreements to host 150,000 bitcoin mining machines with major firms including Marathon Digital Holdings (MARA), the firm told CoinDesk.The deals showcase the apparent rebound in the mining industry, which is trying to rise after a rough 2022.Last year's crypto downturn led to a lot of major miners going bankruptcy, including Compute North, which was originally running the three USBTC sites.

Good morning.Here's what's happening:

Prices: Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations.Insights: GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use of trademarks.

Galaxy Digital's first over-the-counter (OTC) option trade, executed earlier this week, marks a tangible step toward bringing the conventional financial system onto decentralized finance (DeFi) infrastructure.FTX's blowup and the collapse of several crypto lenders brought attention to the risks of centralized finance (CeFi) - AKA trusting one's money with a company, rather than a protocol - providing a tailwind for DeFi.

Blockchain firm Ripple announced on Wednesday its $250 million acquisition of Switzerland-based custodian Metaco.Crypto advisory firm Architect Partners expects further mergers and acquisitions in the custody industry due to several market factors, according to a new research note.Architect Partners first analyzed the Ripple-Metaco deal, writing that Ripple "seeks to transform the $156 trillion cross-border payment market, has initiatives focused on the emerging opportunity for Central Bank Digital Currencies (CBDCs) and has aspirations to allow the issuance and settlement of any type of tokenized asset as that market develops."

This article originally appeared in First Mover, CoinDesk's daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day.Bitcoin is up on Thursday after gaining ground late Wednesday alongside a rally in U.S. equity markets on optimism that a debt-ceiling deal will be reached in the upcoming days.

The Group of Seven (G-7) advanced economies must take the lead in implementing recommendations by the Financial Action Task Force (FATF) to combat illicit financial flows through crypto, the president of the global financial crimes watchdog said in a letter on Thursday.The strongly-worded message titled "An end to the lawless crypto space" was published ahead of a meeting of G-7 leaders in Hiroshima, Japan starting Friday.

China's highest national agency responsible for legal prosecution has warned non-fungible token (NFT) digital collections share "the attributes of virtual assets," which are banned in the country.The Supreme People's Procuratorate of the People's Republic of China published its guidelines for the treatment of NFTs on Monday, recommending stronger "risk research and judgment" and to "accurately punish crimes."