Sam Reynolds

Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

Sam Reynolds

Latest from Sam Reynolds


Markets

How a Bot Glitch Sent Hyperliquid’s HYPE Token Soaring to $98

The near-$100 spike on rival DEX Lighter wasn’t whale activity but an automated trading error that exposed the challenges of maintaining transparency and usability on decentralized exchanges.

robot

Markets

Asia Morning Briefing: Crypto Markets Brace for a Pivotal Week as Trump–Xi Talks and Fed Decision Loom

Traders are betting on a Trump–Xi breakthrough and a dovish Fed pivot to revive “Uptober,” though markets remain wary that rare-earth restrictions and the U.S. shutdown could spoil the rally.

Donald Trump (Nikhilesh De/CoinDesk)

Markets

Alibaba Affiliate Ant Group Files ‘AntCoin’ Trademark in Hong Kong, Hinting at Crypto Ambitions

While the filing doesn’t confirm a token launch, it shows Ant Group laying legal groundwork to merge its Alipay ecosystem with regulated Web3 and stablecoin infrastructure.

Hong Kong's skyline (Chris Lam/CoinDesk)

Markets

Japan's New Yen Stablecoin is Asia’s Only Truly Global Fiat-Pegged Token

With the yen freely convertible and backed by Japan’s deep government bond market, JPYC’s launch stands apart from the region’s onshore-only experiments in Korea, Taiwan, and beyond.

japan, flag. (DavidRockDesign/Pixabay/Modified by CoinDesk)

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Markets

Asia Morning Briefing: Bitcoin Holds Above $114K as Whales Absorb Supply and Shorts Rebalance

On-chain data shows roughly 62,000 BTC have moved out of long-term storage since mid-October, softening one of this cycle’s strongest tailwinds. But steady whale accumulation and a moderate short-side cleanup helped prices stabilize near $114K.

Bitcoin Logo (CoinDesk)

Markets

USD.AI Bridges DeFi and AI by Turning Stablecoins Into Loans for Nvidia GPUs

Through a system that tokenizes hardware, USDai channels crypto liquidity into AI infrastructure while tapping in to demand for crypto credit

Nvidia

Markets

Bitcoin’s Rally Cools as Traders Hedge the Heat

After months of steady gains, BTC is slipping below key cost-basis levels as long-term holders sell into strength and traders retreat to defensive derivatives.

High-resolution image of numerous shiny gold bitcoin tokens stacked together.

Markets

Asia Morning Briefing: After CZ’s Pardon, Odds Rise for Sam Bankman-Fried’s Second Chance

It's still a long shot that FTX's Sam Bankman-Fried will be pardoned, but odds have spiked as Binance's Changpeng Zhao has its criminal record deleted.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

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Markets

Keyrock: Crypto’s Buyback Boom Tests the Industry’s Financial Maturity

Tokenholder payouts have surged more than 400% since 2024, but Keyrock’s Amir Hajian warns that most are still funded by treasuries rather than real revenue, arguing that buybacks must evolve from hype-driven spending to disciplined, valuation-aware capital policy.

(Christian Dubovan/Unsplash, modified by CoinDesk)

Markets

Hyperliquid Strategies Looks to Raise $1B to Fund HYPE Treasury Purchases

The company plans to issue up to 160 million shares, with Chardan Capital Markets as the financial advisor.

cash pile (Unsplash)