Hello, Asia. Here is what is news on the markets:
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.
While East Asia starts its working day, Bitcoin is down 1.8%, trading above $ 117,800, because the traders achieved a certain benefit after the BTC has passed several peaks of all time.
Although there is a conviction of certain market players that the rally barely begins, with calls to the BTC to reach 160k, 200k, and in addition, the commercial director of OKX, Lennex Lai warns that the risk is built as quickly as the enthusiasm of the market.
“In all platforms, we note an increase in long aggressive positions and the widening of funding rates as” crypto week “increases the feeling,” said Lai to Coindesk in an interview via Telegram. “At these levels, the risks can develop quickly – climbing trade tensions with the EU, Mexico and other business partners corrections. Another risk is to let the euphoria generate decisions. “
LAI indicates a list of announcements of macro to come – like the British version of the ICC, and the American basic PPI, retail sales and the feeling of consumers, who could influence the feeling of global risks and set the tone for wider markets.
These concerns echo the results of the H1 2025 market report from K33 Research, which has highlighted risks and triggers of volatility similar this year.
According to K33, the geopolitical uncertainty and the uncertainty of commercial policies have already led to significant market fluctuations, such as a correction of 30% to $ 75,000 earlier in the year.
The report specifically noted: “Bitcoin had trouble in this period of disintegration but showed subtle relative force notes compared to actions by surpassing the actions in the aftermath of the day of the liberation”.
In addition, K33 highlighted the historically low financing rates in the middle of the rise prices, reporting a careful feeling among experienced traders who are wary of brutal market reversals.
“The annualized financing rates were on average 4.51% throughout the lowest average financing semester since December 31, 2022”, when the post-FTX cryptographic winter was the coldest, according to the report.
“In moments like this, intelligent traders focus on feeling on feeling, using discipline to manage risks,” Lai continued. “The excitement at the top is real, but those who carefully manage those who manage their entries, their exits and their exposure to funding are best placed for everything that comes.”
After all, he concluded, “a strong momentum does not mean that the market is invincible.”
Maple Finance is the largest asset manager in the crypto chain
Maple Finance is now the largest chain asset manager, going beyond the money market fund in Tokrock Buidl, according to data from a dashboard of Analytics according to real -time DEFI active flows. An increase of more than $ 100 million in new depots this week has pushed the total of Maple under management assets (AUM) $ 2.9 billion, eclipstating $ 2.3 billion in Buidl.
While Buidl draws capital with its ultra-conservative exposure to short-term US treasury bills and cash equivalents, Maple calls for more tolerant institutions at risk by offering a return by sub-collateralized loans to compensated negotiation companies and cryptographic borrowers. This model, which is based on the subscription of delegated credit rather than the overollateralization of the covers, now seems more quickly.
The milestone suggests an increasing appetite for yield -defined credit products in a case of macro uncertainty. He also marks a rare example where a decentralized credit protocol has exceeded an important tradfi holder as a chain BlackRock, at least by Aum Brut.
The tokens have rally while Big Tech is doubled in the infrastructure
AI cryptographic tokens jumped 5% overnight, pushing the market capitalization of the sector to $ 29.6 billion, according to Coingecko. This decision comes in the middle of an increase in AI and announcements of data infrastructure of large American technological companies, aroused a renewal of the enthusiasm of investors in the stocks and tokens markets.
Google said on Tuesday that it would invest $ 25 billion in data centers and AI infrastructure on the PJM electricity network, the largest American, while also agreeing to buy 3,000 megawatts of hydroelectric energy via an agreement of $ 3 billion with Brookfield. Meta, meanwhile, plans “hundreds of billions” in AI data center versions, including a multi-guigawatt installation called Prometheus in Ohio.
The announcements were timed around a summit led by the Trump administration at Carnegie Mellon University, where more than $ 90 billion in IA, energy and data infrastructure promises were revealed. The bullish tone of AI, government and industry seems to spread in the token markets, at least for the moment.
Market movements:
BTC: Bitcoin is negotiated at $ 117,810.33, down 1.69%, and escape attempts made room for high volume support, consolidation of narrowing and thinning liquidity, the depletion of the signaling market and anticipation before the next Macro catalyst, according to the technical analysis of Coindesk.
ETH: Ethereum jumped from 2.6% to $ 3,066.57 during a 24 -hour volatile session, bouncing $ 2933.50 low as institutional flows, a record rate and a strong volume fueled an escape in front of $ 3,075, reporting a renewed bonded momentum.
Gold: Gold fell 0.56% to $ 3,331.55, even as New London Bullion Market Association (LBMA) The survey has shown that analysts become more optimistic with the improved forecasts in 2025 of an average of $ 3,324.40, led by geopolitical tensions, weak dollars and tax concerns, although opinions remain divided by the fact that prices increase around $ 4,000 or are based at the end of the year.
Nikkei 225: The markets in Asia-Pacific should open mixed after President Trump announced a preliminary trade agreement with Indonesia which includes an American 19% tariff on his exports.
S&P 500: The S&P 500 bordered 0.4% drop after hitting an intra -day record, because the increase in treasury yields and a reading of inflation of 2.7% of June raised concerns concerning prices based on prices, despite solid banking profits and technological gains led by Nvidia.
Elsewhere in crypto:
- Legitimate or dirty “laundromat” confidentiality tool? Lawyers debate the role of the tornado in cash on day 1 of the Roman storm trial (Coindesk)
- Can genius save from Stablecoins banks? (Blockworks)
- “ Existential threat ”: Bitcoin’s proposal would freeze quantum coins from Satoshi (Decrypt)
