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… [+3781 chars]

Prediction markets are flashing red even as institutions keep doubling down on BTC and ETH.

CoinDesk

Asia Morning Briefing: Traders Tilt Bearish on August BTC, ETH Targets as Retail Lags Institutions

Crypto traders should remain vigilant for an ether (ETH) price drop below $4,200, which could trigger millions in long liquidations and increase market volatility.
As of writing, over 56,638 ETH in … [+1503 chars]

Crypto traders should be cautious of ether prices dropping below $4,200, which could lead to significant long liquidations and increased market volatility.

Ether Market May Become More Exciting Below $4.2K. Here is Why.

Dogecoin 
 nursed losses on Monday as the community behind Qubic, which recently attacked Monero, voted to target the Dogecoin network over Zcash and Kaspa by a big margin.At the time of writing, DO… [+3173 chars]

The AI-focused blockchain project Qubic announced the community's intention to target Dogecoin on X.

Dogecoin Sellers in Control as Monero Attacker Votes to Target DOGE; Bitcoin Below $116K

Monero, the leading privacy-focused cryptocurrency, is facing one of the most serious security challenges in its history. 
Qubic, a project led by IOTA co-founder Sergey Ivancheglo, says it now cont… [+5079 chars]

Qubic says it has achieved hashrate dominance over Monero, sparking concerns over the future of the network's decentralization.

Monero’s 51% Attack Problem: Inside Qubic’s Controversial Network Takeover

Qubic, a project led by former IOTA co-founder Sergey Ivancheglo, says it has secured more than 51% of Moneros global hashrate, a milestone that, if true, gives it the ability to reorganize blocks, c… [+1718 chars]

Qubic’s claim of majority control over Monero’s hashrate sparks warnings of a potential 51% attack, reviving fears over one of crypto’s most disruptive network threats.

Qubic Claims Majority Control of Monero Hashrate, Raising 51% Attack Fears

Monero

We're excited to announce that XMR has been added to dYdX synthetic perpetuals! 

According to CoinMarketCap, dYdX has more trading volume than all other DEXs combined! 

https://dydx.exchange/blog/markets-19 

Monero Space Organizer

This is a huge milestone in Monero development.

COMIT Network just released Bitcoin <> Monero atomic swaps to mainnet. Today, users can swap Bitcoin and Monero without having to trust an intermediary or the counterparty.

COMIT's atomic swaps are a critical tool for private trading of Monero outside of exchanges.

Oh, and as a bonus it works with Tor. Because of course it does.

https://www.reddit.com/r/Monero/comments/nmtdpr/let_there_be_swap_on_mainnet/

Monero's price isn't the only metric on the rise. Checkout the other key ways Monero has been growing over the past year! 

https://www.getmonero.org/2021/04/24/this-year-in-monero.html

Monero Talk sits down with COMIT to discuss their work on Monero <> Bitcoin atomic swaps. This technology allows for trustless trading of both assets without requiring an exchange. 

"COMIT: Bitcoin-Monero Atomic Swaps are Near" 
https://www.youtube.com/watch?v=cuZrtHNTixo 

COMIT is one of about 5 different groups working on implementing XMR <> BTC atomic swaps.

Dr. Daniel Kim's new keynote lecture "Behavioral Finance, Cryptocurrency Markets" premieres in about 45 minutes! 

https://youtu.be/REC5V7d3pqM 

In this TCV Summit keynote lecture from February 2021, Dr. Daniel Kim weaves together award-winning research from academic finance with case studies from both the legacy financial and cryptocurrency markets to examine the degree to which cryptocurrency markets achieve efficient price discovery.

The Monero community is calling on Elon Musk to add Monero payments for Tesla!

Monero is the cypherpunk currency defending your freedom. We will not stop on our mission to give people the money that they deserve.

If Monero is added, we will donate a new Model 3 to EACH of 3 charities selected by the community! #Tesla4XMR

We need the ENTIRE Monero community to help us share the word! Help us support a worthy project and worthy nonprofits!

https://monerotesla.com

Cake Wallet, a popular non-custodial wallet for Monero, now additionally supports Bitcoin! 

Only you hold your Monero and Bitcoin keys. Still open source. Easily exchange BTC/XMR (and others) in the app. Available for free in the iOS and Google Play stores. 

https://www.reddit.com/r/cakewallet/comments/lb2mpj/update_cake_wallet_version_410_now_with_bitcoin/