The Sandbox

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.

Asia Morning Briefing: Thai Banks May Soon Hold Crypto, SCB10X CEO Signals Sandbox Push

The prospect was raised during a meeting between the U.S. Securities and Exchange Commission's Crypto Task Force and El Salvador regulators.

Bitcoin-Friendly El Salvador Pitches Tokenized Real Estate 'Sandbox' to Trump's SEC

SEC leadership floated the possibility Friday of regulatory exemptions that would allow crypto exchanges to experiment with the trading of tokenized securities.

Crypto Exchanges Like Coinbase May Soon Get a Regulatory Sandbox to Play In

The Bank of Russia introduced a proposal to allow highly qualified investors to purchase and sell crypto under an experimental framework lasting three years. Nonetheless, peer-to-peer transactions and payments would still be banned under this sandbox.

Russia Opens to Cryptocurrency: Central Bank Unveils Trading Sandbox Proposal

Bitcoin

Gala

Crypto gaming tokens have dropped hard over the past day as Bitcoin, Ethereum, and other majors are hit by Trump trade war fears.

Gaming Tokens Bleed Amid Bitcoin Crash—IMX, SAND and GALA All Down Bad

The co-founder of the popular metaverse platform discusses how Asia is driving the next wave of Web3 innovation.

The Sandbox's Sébastien Borget on the Future of Web3 Gaming

Cryptocurrency analyst Benjamin Cowen is issuing a warning on Bitcoin (BTC) as the flagship digital asset hovers below $100,000. In a new video, Cowen tells his 858,000 YouTube subscribers that a continued rise in the yield on the US Treasury 10-year will have a bearish impact on Bitcoin.

Analyst Says One Factor Could Be a Headwind for Bitcoin, Outlines ‘Line in the Sand' BTC Must Overcome

The crypto analytics firm Santiment is outlining three under-the-radar opportunities traders are talking about in the altcoin space. Santiment notes the first potential opportunity is The Sandbox (SAND), a decentralized virtual reality network.

Here Are Three Under-the-Radar Opportunities Arising in the Altcoin Space, According to Analytics Firm Santiment

On Monday, the crypto economy nudged upward by 1.46% over the last 24 hours, reaching a hefty $3.35 trillion. While bitcoin (BTC) and ether (ETH) maintained their usual pace, a few standout digital assets stole the limelight.

ELF, SAND, GLM, and ENS Shine: Crypto Economy Hits $3.35 Trillion With 1.46% Daily Growth

Dogecoin

Stellar

DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens.

Koreans Go Full Monty on DOGE, XRP, XLM After Trump's Win; Now Look to SAND Token

BBVA is launching a tokenized fund integrated into the Spanish securities regulator's sandbox. The fund will be open only to BBVA employees to research the benefits of applying blockchain technology to these applications.

BBVA Debuts Tokenized Fund in Spain's Sandbox

The Zanzibar government has introduced a blockchain sandbox program to encourage entrepreneurship and technological advancements. The program, powered by the Xinfin XDC network and designed by Ledgerfi IT solutions, allows startups to safely test their blockchain-based solutions within the National Blockchain Network.

Revving Up Innovation: Zanzibar Introduces Blockchain Sandbox Program

Animoca Brands, a company specializing in digital property rights and gaming, alongside The Sandbox, a decentralized virtual world, and Smobler, a metaverse architecture firm, have launched the virtual Universal Peace Sanctuary. The project, hosted in The Sandbox metaverse, aims to foster global peace and cultural understanding.

Animoca Brands, The Sandbox, and Smobler Launch Virtual Peace Sanctuary in Metaverse

Smaller ad-tech firms are raising competition concerns over Google's long-brewing cookies alternative, Privacy Sandbox, at a time when the internet giant's digital ads business is already under U.S. and UK scrutiny.

Google's Privacy Sandbox adoption costs burden small ad-tech firms

India is Metaverse platform The Sandbox's largest market for creators with users numbers doubling in less than a year, co-founder Sebastien Borget told CoinDesk in an interview.

The Sandbox's Largest Market for Creators Is Now India: Co-Founder Sebastien Borget

The Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies. The HKMA will collaborate with other regulators and industry players to support the development of Hong Kong's tokenization market.

Hong Kong Regulator Launches Sandbox to Test Tokenized Asset Transactions

The HKMA has launched a sandbox for Project Ensemble, with initial participants including Bank of China, HSBC, Ant Digital and HashKey.

Hong Kong's Project Ensemble explores tokenization in banking with new CBDC sandbox

The Thai Securities and Exchange Commission (SEC) has launched a Digital Asset Regulatory Sandbox, allowing crypto services to be tested in a controlled environment. This initiative aims to promote innovation in Thailand's capital market by accommodating six specific digital asset-related services, including exchanges and custodial wallet providers.

Thai SEC Launches Digital Asset Regulatory Sandbox

Thailand's SEC said the sandbox is now open for applications for participants including crypto exchanges, brokers and custodians.

Thailand launches crypto regulatory sandbox to ‘facilitate experiments'

The Securities and Exchange Commission (SEC) of Thailand is launching a new crypto asset regulatory sandbox to test its digital asset-related services.

Thailand Securities Regulator Launches Digital Asset Regulatory Sandbox for Crypto Testing

Arbitrum

Avalanche

Optimism

Just months after Wormhole's airdrop in April, the cross-chain project will unlock a third of its token's circulating supply this month: 600 million tokens at a current value of about $180 million.

August preview: Nearly $1 billion in unlocks planned for these token projects

The U.S. state of Hawaii's regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations.

Hawaii Wraps Up Sandbox: Crypto Firms No Longer Need State Money Transmitter Licenses

Kingsway Capital and Animoca Brands led the financing, which had additional support from LG Tech Ventures and True Global Ventures.

Metaverse developer The Sandbox raises $20 million via convertible promissory notes

Metaverse platform The Sandbox has raised $20 million at a $1 billion valuation as it looks to enhance its user-generated multiplayer gaming platform.

The Sandbox Raises $20M at $1B Valuation, SAND Rises 4.5%

SEC Commissioner Hester Peirce says a safe space for blockchain experimentation could foster better crypto regulations—but experts doubt it will happen.

News for The Sandbox Crypto (SAND)