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Welcome to the morning briefing in Asia, a daily summary of the best stories during the hours and an overview of market movements and analyzes. For a detailed overview of the American markets, see the Americas of the Coindesk Crypto Daybook.
Saphira Group’s Jeff Dyment Group’s Fund Manager wants you to zoom and stop sweating the graphics in the short term.
His thesis: Data points that suggest an institutional bitcoin
The purchase is to lose steam Lack the situation as a whole.
In a shared note with Coindesk, Dyment maintains that fears to discolor the institutional demand from Bitcoin are exaggerated, rooted in narrow instant on the market.
Yes, purchases of FNB and companies recently cooled – Michael Saylor’s strategy only bought 16,000 BTC last month, decreasing sharply compared to 171,000 BTC in December. But that, insists Dyment, is not a sign of decline. It is a natural flow in what he calls an adoption “cyclic wave”.
“Institutional flows often come in waves rather than a regular linear increase,” wrote Dyment. “The short -term demand fluctuations on the cash market are minor undulations on what is, in fact, an increasing wave of institutional engagement.”
Dyment indicates the addition of 51 new corporate BTC vouchers in the first half of 2025 alone, equal to the total from 2018 to 2022 combined, and an increase of 375% from one year on the other of the purchase of business BTC.
Public companies now hold 848,902 BTC, or around 4% of the total offer, the T2 2025 alone seeing 131,000 BTC added to their balance sheets.
It also highlights the explosive growth of Bitcoin ETF as additional evidence of the deepening of institutional participation. The Ibit of Blackrock, now the most important in the world, has 699,000 BTC, more than 3.3% of the total supply, after having become the fastest growth in history.
US SPOT ETF has collectively captured about 1.25 million BTC, or about 6% of the total offer, in just 18 months since their launch, he said in the note.
Dyment’s thesis finds echoes on the options market.
In the recent note of QCP Capital, the Singapore -based fund underlined the whales continuing to strengthen rising risks, taking BTC calls of $ 130,000 in September and holding $ 115,000 / $ 140,000.
“Thefts remain pinned near historic stockings, but a decisive violation of the resistance of $ 110,000 could trigger a renewed volatility offer,” said QCP in a note on Monday.
Thus, while bears can point to stagnant flows and almost empty mempool as signs of fatigue, Dyment maintains that these are only ripples at the surface.
Below, the tide gets up, and Wall Street, with its thousands of tickets on billions of regulated capital, is hungry for crypto. It’s just not going to come at the same time.
BTQ pushes the quantum frame for stablescoins
BTQ Technologies introduced the Stablecoin Quantum regulation network (Qssn)A framework designed to help banks, payment companies and digital asset platforms to the test of the future tests against threats of quantum computer science.
In a press release, BTQ detailed how the system could support the quantum-security versions of popular stablecoin models, including the USD deposit token offered by JPMorgan (JPMD)by improving privileged actions such as the decrease and the combustion of double cryptographic signatures (ECDSA and Falcon-512)While preserving compatibility with token standards, workflows and existing wallets.
The launch comes as the StableCoin market exceeds $ 225 billion and legislators are pushing for regulations taking cybersecurity.
The Act on Engineering, which is currently progressing at the US Congress, would formalize federal standards for stabins supported by Fiat and encourage architecture in quantum security.
BTQ, who has worked with NIST for more than a decade, aims to shape these standards and position QSSN as a critical infrastructure.
Market movements
BTC: Bitcoin dropped from 1.02% from July 6 at 10 p.m. July at 9:00 p.m., testing key support at $ 107,519.64 in the middle of heavy sales, before staging $ 10,7800 recovery, online data showed solid support groups at $ 106,738 and $ 98,566.
ETH: ETH increased by 1.67% in the midst of volatile exchanges, swinging by almost 3% between $ 2,529 and $ 2,604 as support for $ 2,530 held, institutional entries exceeded $ 1.1 billion and the volume greater than average marked both overvoltage and subsequent sale.
Gold: Gold has dropped on a stronger dollar, but has rebounded at the request for a safe price, with central bank purchases and feeding forecasts for the denollarization of a rally to $ 4,000.
S&P 500: Actions fell on Monday while Trump announced new prices on imports from seven countries, sending the S&P 500 from 0.79% to 6,229.98.
Nikkei 225: The markets in Asia-Pacific has increased for most of the time despite Trump announcing high American prices out of 14 trade partners, Japan Nikkei 225 up 0.36%, because up to 40% were described for countries including South Korea, Indonesia and Thailand.
Elsewhere in crypto
- Trump has a bank on the crypto: do voters care about it? (Decrypt)
- Vitalik Buterin promotes ‘copyleft’ (Vitalik Buterin)
- Crypto’s next tax bomb (Coindesk)
