Emerging markets may be an unlikely destination in a U.S. recession, as most assets remain at attractive valuations and held by domestic investors. 

Cryptocurrency exchange FTX said to be close to a deal with embattled lender BlockFi that values the firm at US$680 million, well off its last investment round of US$3 billion. 

Despite signs everywhere that the U.S. economy may already be in a recession, it’s as yet unclear which direction U.S. Treasury yields will go

Hong Kong’s stock exchange saw a total of US$2.6 billion raised in the firs six months of this year, lifting otherwise moribund sentiment in mainland markets. 

Nansen report suggests that one-way bullish bets and numerous levels of hypothecation of cryptocurrencies used in decentralized finance led to the contagion from the fallout of TerraUSD and Luna. 

Bets on higher inflation are waning against a backdrop of dour economic data.  

Grayscale Investment enlists the help of Jane Street and Vertu in its bid to convert its Grayscale Bitcoin Trust product into a spot-backed ETF. 

A massive US$3 trillion household and corporate cash hoard in the U.S. is threatening to complicate U.S. Federal Reserve measures to use interest rates to rein in inflation.

Goldman Sachs (-0.43%) downgrades cryptocurrency exchange Coinbase Global (-8.54%) to sell, but average analyst sentiment suggests that shares in the exchange could more than double regardless. 

Asian central banks are cleaning out their coffers to shore up their currencies as a soaring dollar erodes the purchasing power of their currencies.