Asia Morning Briefing: Bitcoin Stabilizes as Altcoins Flash Early Strength
The post Asia Morning Briefing: Bitcocom. The post Asia Morning Briefing: Bitco report confirms robust asset security across major cryptocurrencies. USDC leads with a 133. 79% ratio, followed by BNB at 112. 95%, and FDUSD at 111. 72%. Bitcoin’s reserve ratio stands solid at 102. 11%, and Ethereum and Solana are fully backed at 100%. The data highlights Binance’s continued transparency and overcollateralization, ensuring user funds are backed and in most cases, oversecured across multiple assets. November 7, 2025 06: 54: 24 UTC Pi Network Set to Launch Mainnet V23, Marking Major Step Toward Decentralization The Pi Network community is buzzing with anticipation as the project prepares to roll out its latest interface update, signaling a major breakthrough in its development. Far from a routine bug fix, this update is seen as a strong indicator of the network’s imminent Mainnet V23 launch. The upgrade promises a more stable, seamless, and decentralized ecosystem a key milestone that could finally bring Pi Network closer to realizing its long-awaited vision of mainstream blockchain adoption. November 7, 2025 06: 53: 31 UTC Stablecoin Chaos: Two Major Tokens Lose Peg as Panic Spreads to Ethena’s USDe Within just three days, two stablecoins each worth over $500 million lost their peg, trapping traders who tried to buy the dip. The panic quickly spread to Ethena’s synthetic stablecoin USDe, whose market cap plunged from $14. 8 billion to $8. 7 billion and continues to fall. Notably, CoinMarketCap has removed the K-line data showing the depegging, though CoinGecko still displays the dramatic collapse, capturing one of the most volatile moments in stablecoin history. November 7, 2025 06: 06: 50 UTC Google to Add Kalshi.