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Macro events and the daring plan of Vitalik at 10x Ethereum Layer 1 could propel ETH after $ 3000: LENNEX LAI of OKX
ETH merchants look at $ 2600 while Asia is starting its working day, but OKX’s commercial director, Lennex Lai, sees an easy path for the token reaching $ 3,000 if Vitalik Buterin can get rid of Ethereum’s dependence on the bedtime.
Direction 1 refers to the main blockchain infrastructure, like Ethereum itself, while layer 2 solutions are secondary systems built above layer 1 to improve scalability and accelerate transactions.
“The vitalik pivot to evolve Ethereum Layer 1 by 10x will be a game changer, moving away from the development of the strong dependence on layer 2 like Sharding,” said Lai in a note at Coindesk, referring to the recent comments that Buterin made at Ethglobal Prauge.
“On our platform, perpetual term contracts represented 44.2% of the commercial volume in the last 7 days, showing us that sophisticated investors closely follow this development,” he continued.
Lai points to this main macro events of this week, such as the BCE rate decision and data on American jobs, as factors that could have a significant impact on risk appetite, potentially pushing the ETH $ 3,000 in the short term, although the long -term success of Ethereum depends on the ambitious Vitalik roadmap.
Elsewhere, the Technical Analysis model of Coindesk Research highlights Ethereum’s resilience above critical support at $ 2,600, driven by institutional entries close to $ 1.2 billion and an important purchase in whales, the positioning of the ETH for a possible Altcoin rally.
The CEO of hash, Simon Kim, says that the election of Korea stimulates the crypto, the stablecoins and the AA
Simon Kim, the CEO of the largest Corpto fund in Korea, Hash Shed, believes that Crypto has become a critical force in South Korean politics, and it will be as usual for industry under the new left-wing president, Lee Jae-Myung.
“Officially, the crypto is more popular than the stock market in Korea,” said Kim in a recent interview with Coindesk.
He stressed that data showing 16.29 million asset cryptography traders, compared to 14.24 million active active traders, noting that political parties now see the support of the crypto as essential to gain elections.
South Korea crypto policies also continue to be closely linked to American regulatory developments, according to Kim.
“All Korean politicians follow the United States,” he said, noting how American institutions and regulators guide global standards. Kim added that the Corpto Corpto capital gains policy in Korea in Korea in Korea, which should start at the beginning of 2027, remains unchanged.
Kim expects Lee’s administration to develop a Stablecoin policy because they are currently representing about a tenth of the trading volume of the cryptography of Korea.
The issuance of a stablecoin in Korea could be complicated because the Korean won is an onshore currency closely controlled with strict capital restrictions, which makes integration into the cryptographic markets without borders.
Kim said that in his conversations with certain decision -makers, they say that there is “no advantage in the adoption of the adoption of Stablecoin won on the Korean market”, taking into account his advanced payment ecosystem.
But the stablecoins are there to stay, because Kim says that they already represent a tenth of the commercial volume in the country, and it is more and more recognized that they must be securely integrated into the economy, where they can be taxed.
“Stablecoins are not only a payment network,” he said. “It builds a unique digital platform allowing intelligent contracts and an autonomous economy.”
Beyond the crypto, Kim expects Lee administration to pursue substantial investments in artificial intelligence.
However, Kim expressed skepticism as to plans to create a sovereign generalized AI platform comparable to American giants like Openai.
Instead, he argued that the strength of Korea is in “physical AI”, by building specialized solutions adapted to the sectors where Korea excels, including semiconductors, electronics and advanced manufacturing.
“I believe that the new administration has a meaning that we have unfair advantages in the physical ecosystem of AI. This is the point that fascinates me,” he said.
News report
IPO of the Circle prices at $ 31 per share
Circle estimated its IPO at $ 31 per share, exceeding the planned fork from $ 24 to 26 years, raising approximately $ 1.1 billion and promoting the stablecoin transmitter at around $ 6.9 billion, said Coindesk previously. The offer included around 34 million shares, much more than the 24 million initially planned, which indicates high demand from the market.
Trading under the Ticker “CRCL” “Circle will make its debut on Thursday on the New York Stock Exchange, marking an important step after a previous attempt as a spac failed in 2021. As an USDC stablecoin issuer, Circle listing arrives in the midst of renewed legislative interest for digital and potential assets, potentially reinforcing the investor’s confidence, as recent cryptocurrency.
Trump’s cryptographic connections under surveillance while the US Congress Debate of the Cryptography Regulatory Bill
The Republicans of the American Chamber advance legislation to regulate cryptographic markets through the law on the clarity of the digital asset market, reported Coindesk previously, holding two hearings on Wednesday in preparation for a potential committee markup next week.
Republicans argue that the bill responds urgently to the demand of the cryptographic industry of clear regulatory frameworks to prevent innovations from moving to the open sea, stressing the risk that the United States will take behind Europe and Asia in cryptographic surveillance.
The Democrats, however, criticize the legislation such as precipitated, complex and lacking in sufficient protection of consumers, citing in particular the unresolved concerns of conflicts of interest linked to the personal commercial activities of the personal cryptocurrency of President Donald Trump. Democrats insist that the bill needs strict guarantees and transparency measures, as the representative Jim Himes pointed out, to obtain bipartisan support, while the Republicans largely reject these allegations as distractions with political motivation.
Market movements:
- BTC: Bitcoin experienced notable volatility, swinging 1.67% in the middle of significant institutional withdrawals, fighting to maintain support over $ 105,000, increased commercial disputes in market uncertainty.
- ETH: Ethereum jumped 4%, bouncing solid support close to $ 2,590 driven by institutional purchases and an accumulation of whales, forming a potential base for an upward break.
- Gold: Gold rallied by more than 0.80% to $ 3,382, recovering from a level of $ 3,343 after lower American economic data and degenerating American-Chinese trade tensions increased
- Nikkei 225: The Nikkei 225 of Japan dropped by 0.39% to the opening in the middle of mixed trading in Asia-Pacific, motivated by concerns concerning an American labor market
- S&P 500: The S&P 500 closed modestly greater than 5,970.81 Wednesday, supported by technological actions despite the concerns concerning weak hiring data and the climbing of trade tensions.
Elsewhere in crypto:
