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.
The Jeff Dyment Fund Administrator of Saphira Group wants to move away and stop the short -term graphics.
Your thesis: Data points suggested institutional bitcoin
Buy is losing steam I miss the general panorama.
In a note shared with Coindesk, Dyment argues that the fear of the fading of Bitcoin’s institutional demand is exaggerated, rooted in narrow instantaneous markets.
Yes, ETF and corporate purchases have cooled recently: Michael Saylor’s strategy bought only 16,000 BTC last month, so it was abruptly 171,000 BTC December 171,000 BTC. But this, insists the diator, is not a sign of decline. It is a natural reflux in what he calls a “cyclical wave” of adoption.
“Institutional flows often come in waves instead of a constant linear increase,” Dyment wrote. “The short -term demand fluctuations in the spot market are minor waves on what is, a wave of institutional commitment.”
The Dymento points to the addition of 51 new corporate BTC bonds only in the first half of 2025, equal to the total of 2018 to 2022 combined, and an increase of 375% year after year in the purchase of corporate BTC.
Public companies now have 848,902 BTC, or approximately 4% of the total supply, with the second quarter of 2025 only seeing 131,000 BTC added to their balances.
It also highlights the explosive growth of Bitcoin ETFs as additional evidence of deepening institutional participation. The Blackrock Ibit fund, now the largest in the world, has 699,000 BTC, more than 3.3% of the total supply, after becoming the ETF of fastest growing in history.
The US ETF spot. UU. Have collectively captured approximately 1.25 million BTC, or approximately 6% of the total supply, in just 18 months since its launch, he points out in the note.
Dyment’s thesis is finding echoes in the options market.
In the recent Capital QCP note, the Singapore -based fund pointed to whales that continue to generate up -to -the -up risk exposure, collecting September BTC calls and have $ 115K/$ 140K with differences.
“The vols remain trapped near historical minimums, but a decisive violation of the $ 110K resistance could cause a renewed volatility offer,” QCP wrote in a Monday note.
So, although bears can point to stagnant spots flows and almost empty memory as signs of fatigue, the Dyment argues that they are only waves at the surface level.
Below, the tide is increasing, and Wall Street, with its billion regulated capital, is hungry for cryptography. It will simply not come at the same time.
BTQ pushes a safe frame for stablcoins
BTQ Technologies has introduced the quantum stablcoin settlement network (QSSN)A framework designed to help banks, payment companies and digital asset platforms thab -proof of future stablecoin against quantum computing threats.
In a press release, BTQ detailed how the system could admit quantum security versions of Popular Stablecoin models, including the USD deposit token proposed by JPMorgan (JPMD)updating privileged actions such as coin and burns with dual cryptographic signatures (ECDSA and FALCON-512)while preserving compatibility with existing Token standards, workflows and wallets.
The launch occurs when the Stablecoin market exceeds $ 225 billion and legislators drive regulation with one eye on cybersecurity.
Genius law, currently advancing in the United States Congress, would formalize federal standards for the stable backed by Fiat and promote safe architecture of quantum amount.
BTQ, who has worked with Nist for more than a decade, aims to shape these standards and position QSSN as a critical infrastructure.
Market movements
BTC: Bitcoin fell 1.02% from July 6 to 10:00 p.m. to 9:00 p.m., testing the key support of $ 107,519.64 in the midst of a large sale, before organizing a recovery in the form of V $ 107,800, since the data of the chain showed solid support groups to $ 106,738 and $ 98,566 in the possession of 1.68 million COINDESK directions Research, according to Coindesk’s technical analysis.
ETH: ETH increased 1.67% in volatile negotiation, swinging almost 3% between $ 2,529 and $ 2,604 as a support for $ 2,530 maintained, institutional tickets exceeded $ 1.1 billion, and the volume higher than the average marked both the increase and subsequent sale of the urban sale.
Gold: The gold immersed itself in a stronger dollar but recovered in the demand for safe shelter driven by the rate, with the purchase of central banks and the defolarization of the dollarization of the forecasts of a demonstration towards $ 4,000.
S&P 500: The actions fell on Monday when Trump announced new tariffs on imports from seven countries, which sent the S&P 500 0.79% to 6,229.98.
Nikkei 225: Asia-Pacific markets increased mainly despite the fact that Trump announced steep US tariffs on 14 commercial partners, with Nikkei 225 from Japan, 0.36%, since they described duties of up to 40% for countries such as South Korea, Indonesia and Thailand.
In another part of crypto
- Trump is making a bank in crypto: Does voters care? (Decipher)
- VITALIK BUTERIN FAVORES ‘Copyleft’ (VITALIK BUTERIN)
- The next cryptographic tax pump (Cindenesk)
