Hello, Asia. Here is what is news on the markets:
Welcome to Asia Morning Briefing, 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.
The UNISWAP UNISWAP token increased from $ 6.00 to $ 6.65 in the last 24 hours, pushing the 5% token, while the wider index of the Coindesk20 gauge dropped 1.8% in the last 24 hours. This momentum coincides with the registration of its highest volume of monthly transactions since February, the treatment of more than $ 73 billion in transactions and generating more than $ 380 million in revenues this year, as institutional interest increases and a notable whale returns to the market by acquiring nearly $ 4 million.
The new CEO of SCB10X sees Usa-Asia Crypto Dealflow, Ia Opportunities
Kaweewut Tempuwapat, the new CEO of SCB10X, the venture capital branch of the Bank SCB Thailand, sees important opportunities emerging at the intersection of the AI, the crypto and the web3. “We definitely [are] Going more on AI and also crypto and more crypto, “Tempuwapat told Coindesk, highlighting these hybrid investments as firmly” under our radar “.
It predicts a clearer regulation of cryptos in the United States will feed the increased flow of transactions on the resilient Asian markets, noting that the early success of SCB10X invests in Ripple: “We are an early investor in Ripple 10 years ago … We have used this technology in the past five to six years in our SCB application.”
Tempuwapat praised the proactive and innovative regulators of Thailand, highlighting the solid payment infrastructure of the country. He expects Thai banks, including SCB, could soon hold cryptographic tokens on their balance sheets, initially through regulatory sandboxes: “The intention is there … they allow us to do [it] on a small scale. “”
The merchant James Wynn spends Bitcoin bets of a billion dollars to the same, makes Pepe for a long time
The pseudonym trader “James Wynn”, known for his cryptographic bets with high challenges on the decentralized platform hyperliquid, moved the focus of Bitcoin billions of dollars to memecoins, recently placed a million dollars with leverage on Pepe (PEPE), reported Coindk earlier.
Previously, Wynn closed a massive position of $ 1.2 billion in Bitcoin to a loss of $ 17.5 million, before moving on to an uncovered position of $ 1 billion at a 40x lever effect, effectively betting their $ 50 million portfolio balance on the downside. This short film has briefly allowed Wynn about $ 3 million in profits before closing, marking one of the largest trades ever fully executed in chain.
Wynn announced the decline in perpetual trade after obtaining a cumulative profit of 25 million dollars, obtained by an initial investment of just over $ 3 million. The last position of high -effect Pepe of the merchant has already gained $ 500,000 in the middle of an increase of almost 6% of the same value.
The strategy buys another 4,020 bitcoin for $ 427 million, Total Holdings exceeds 580K BTC
Strategy (MSTR), the largest holder of the Bitcoin company, bought an additional 4,020 BTC between May 19 and 25 for around $ 427 million, bringing its total assets to 580,250 BTC, Coindesk reported previously. The acquisition was financed by three equity programs in the separate market, including sales of common and preferred action totaling around $ 427 million.
These latest Bitcoin purchases were made at an average price of $ 106,237 per room, pushing the total investment of the strategy in Bitcoin to more than $ 40.6 billion, at an average cost of $ 69,979 per room. Acquisitions reflect the company’s continuous commitment to extend its significant Bitcoins assets thanks to regular capital increases and action emissions.
Market movements:
- BTC: Bitcoin has stable record levels around $ 109,000, consolidating gains despite the volatility induced by prices, as long -term investors continue to accumulate in the midst of macroeconomic uncertainty.
- ETH: Ethereum maintains resilience greater than $ 2,500 in the midst of volatility and cautious behavior of whales, supported by continuous institutional entries in the ETH spot.
- Gold: Gold decreases slightly on the tariff delay, but remains greater than $ 3,310 because the deficit concerns optimistic fuel prospects.
- Hang Seng: Hang Seng of Hong Kong opened its doors, a merchant above 23,304, led by technological losses, including the 4.9% drop in Meituan.
- Nikkei: Japan Nikkei 225 fell 0.13% Tuesday morning when the markets evaluated Trump’s tariff delay.
- S&P 500: Closed for the Memorial Day.
Elsewhere in crypto …
