Asian stock and crypto markets experienced a rally in the last 24 hours, driven by optimism following the US inflation report and expectations of a Federal Reserve rate cut. The positive trend set by Wall Street, particularly in tech stocks, influenced Asian equities, with Japan's Nikkei 225 and China's CSI 300 index closing higher. The news of rising US inflation rates also led to a slight uptick in Asian crypto markets, with Ripple (XRP) and Bitcoin (BTC) experiencing gains on South Korean exchanges. Additionally, the Asia-Pacific region has emerged as a leader in cryptocurrency adoption and innovation, with Indonesia recording significant growth in cryptocurrency transactions and Asia becoming a hub for crypto development. The ranking of crypto app users in South Korea in November 2024 was also released.



Other News from Today