Good morning, Asia. This is what news is doing in the markets:
Welcome to Asia Morning Briefing, a daily summary of the main stories during the US hours and an overview of the movements and market analysis. To obtain a detailed description of the US markets, see Cryptokook from Coindesk America.
Bitcoin manufacturers
The mining team will not feel the pinch of a new round of rates that the White House has imposed on the semiconductor industry, since the largest chips manufacturers such as TSMC and Samsung have an exemption from the new rules due to their investments in the United States.
The officials in Taiwan confirmed to the local press that TSMC would have an exemption from 100% tariffs due to their facilities in Phoenix, which opened in 2023. South Korean officials also confirmed that Samsung would have a similar exemption due to their manufacturers in Texas.
TSMC and Samsung manufacture the specific integrated circuits of the application (ASICS) Designed by BTC mining companies such as Bitmain, Canaan and Bitdeer.
Bitmain and Canaan did not respond to a request for comments from Coindesk.
A Bitdeer spokesman confirmed that they associated with TSMC to make the ASICs used for their miners and, therefore, would not feel the pinch of tariffs. The spokesman also said that they hope to carry a factory based in the United States online to gather the miners within a year.
In general terms, the market seems to have shrunk from the new tariffs. In Taipei, the TAIEX, an index of the Taiwan stock market, will open the negotiation of Friday 2.3% with TSMC by 3% and approaches the maximum record.
Even the objectives of these tariff policies are in green.
SMIC, the rival based in Shanghai of TSMC, which lacks an American installation, is in the week in Hong Kong, exceeding the Hang Seng index.
Market Movers:
BTC: Bitcoin has entered into a bullish cooling after reaching a historical maximum of $ 123k, now quoting $ 117,386.04, with a softer impulse and weaker signs in the chain that point to short -term consolidation or risk of slight low, according to a Cryptoquant report.
ETH: Glassnode data show that the short -term capital flow has changed from solar to ether, with eth/sun to a low year and Eth/BTC above its 200 days EMA for the first time in two years, since ETH is traded at $ 3,905.42 (+6.43%) And it approaches $ 4K, with open interest to $ 58b and network activity at maximum record.
Gold: Gold is quoted at $ 3,387, 0.5%more, since the market weighs the impact of rates on India to import Russian oil.
Nikkei 225: The Asia-Pacific markets opened Mixed on Friday, with Nikkei 225 from Japan 1.18% and the Topix reached a record of 3,031.78, led by acute profits in Nippon Chemical Industrial, Miyakoshi Holdings, J-LEASE AND JAPAN ELECTRONIC MATERIALS.
S&P 500: The shares increased on Wednesday, with the S&P 500 0.73% to 6,345.06, since Apple increased 5% in the news, will boost US manufacturing investment by $ 100B to a total of $ 600b in four years.
In another part of Crypto:
- The long -term case of the SEC against official Ripple (Cindenesk)
- The Stablecoin Paxos provider will pay a fine of $ 26.5m to settle the charges related to Binance (Decipher)
- Ripple to buy Stablecoin Payments firm Rail for $ 200 million to boost rlusd (Cindenesk)
