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.
Bitcoin manufacturers
The mining equipment will not feel the pinch of a new series of prices that the White House imposed on the semiconductor industry, because the largest manufacturers of fleas like TSMC and Samsung have an exemption from new rules due to their investments in the United States
Taiwan officials confirmed to the local press that TSMC would have an exemption from 100% tariffs because of its installations in Phoenix, which opened its doors in 2023. South Korean officials also confirmed that Samsung would have a similar exemption because of its Fabs in Texas.
TSMC and Samsung manufacture integrated circuits specific to the application (Asics) Designed by BTC mining companies like Bitmain, Canaan and Bitdeer.
Bitmain and Canaan did not respond to a request for comments from Coindesk.
A Bitdeer spokesperson confirmed that he is associated with TSMC to make the ASICs used for their minors, and therefore would not feel the pinch of the prices. The spokesman also said they expected to bring a factory based in the United States to assemble minors within a year.
In general, the market seems to have raised the shoulders of new prices. In Taipei, the Taiex, a index of the Taiwan stock market, is expected to open its doors on Friday 2.3% with TSMC up 3% and approaching records.
Even the targets of these tariff policies are in green.
SMIC, the Shanghai -based rival in TSMC, which does not have an American installation, is in place during the week in Hong Kong, surpassing the Hang Seng index.
Market movers:
BTC: Bitcoin entered an optimistic recharging time after reaching a summit of $ 123,000, now negotiating $ 117,386.04, with a softer moment and lower chain signals pointing to a short -term consolidation or a slight drop risk, according to a cryptowant report.
ETH: Glassnode data show that the short -term capital flow has gone from Solana to Ether, with ETH / SOL at a low level of the year and ETH / BTC exceeding its 200 -day EMA for the first time in two years, Car ETH is negotiated at $ 3,905.42 (+ 6.43%) And approaches $ 4,000, with an open interest at $ 58 billion and a network activity at record heights.
Gold: Gold is negotiated at $ 3,387, up 0.5%, because the market weighs the impact of tariffs on India for the importation of Russian oil.
Nikkei 225: The markets in Asia-Pacific opened mixed on Friday, with Nikkei 225 of Japan up 1.18% and the Topix reaching a record of 3,031.78, led by net gains in Nippon Chemical Industrial, Miyakoshi Holdings, J-Lease and Japan Electronic Materials.
S&P 500: The shares increased on Wednesday, the S&P 500 up 0.73% to 6,345.06, while Apple jumped 5% on the news, this will increase American manufacturing investments by $ 100 billion to a total of $ 600 billion over four years.
Elsewhere in crypto:
- The longtime affair of the dry against Ripple (Coindesk)
- PAXOS of the Stablecoin supplier to pay $ 26.5 million to pay the costs related to the Binance (Decrypt)
- Ripple to buy a rail from the Stablecoin payment company for $ 200 million to increase the Rlusd (Coindesk)
