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.
As East Asia begins its business day, Bitcoin has dropped 1.8%, quoting above $ 117,800, since merchants get some profits after BTC advanced in multiple historical maximums.
While there is the belief of some market participants that the rally just begins, with the calls to be reached by 160k, 200k and, in addition, the OKX commercial director, Lennex Lai warns that the risk is being built as fast as the enthusiasm of the market.
“On all platforms, we are seeing an increase in aggressive long positions and wide financing rates as the holders of the ‘Crypto Week’ increase the feeling,” Lai to Coindesk told an interview through Telegram. “At these levels, the risks can build rapidly: the escalation of commercial tensions with the EU, Mexico and other commercial partners could trigger strong corrections. Another risk is to allow euphoria to impulse decisions.”
Lai points out a list of macro advertisements that are coming, such as the launch of the United Kingdom CPI, and the US central PPI. UU., Retail sales and consumer’s feeling, which could influence the feeling of global risk and establish the tone for broader markets.
These refer to the echo findings of the H1 2025 market report of K33 Research, which highlighted similar risks and volatility triggers earlier this year.
According to K33, geopolitical agitation and the uncertainty of commercial policy have already promoted important changes in the market, such as a 30% correction to $ 75,000 at the beginning of the year.
The report specifically indicated: “Bitcoin fought in this period of elimination, but showed subtle indications of relative force against actions when overcoming actions following the day of liberation.”
In addition, K33 highlighted historically low financing rates amid the prices to the increase, indicating a cautious feeling among experienced merchants who remain distrustful of the abrupt investments of the market.
“Annualized financing rates averaged 4.51% during half a year, the lowest average financing rate of half a year since December 31, 2022”, when the winter cryptophyse after FTX was at its coldest point, according to the report.
“At times like this, smart merchants focus on the strategy on feeling, using discipline to handle the risk,” Lai continued. “The emotion at the top is real, but those who handle their entries, exits and exposure to financing are carefully positioned for what comes later.”
After all, he concluded: “The strong impulse does not mean that the market is invincible.”
Maple Finance is Crypto’s largest chain asset administrator
Maple Finance is now the largest asset administrator in the chain, exceeding the Blackrock tokenized money bottom, according to the data of a Dune analysis board, tracking the defi asset flows in real time. An increase of more than $ 100 million in new deposits this week pressed the total assets of Maple under administration (AUM) at $ 2.9 billion, eclipsing the $ 2.3 billion of Buidl.
While Buidl attracts capital with his ultra conservative exhibition to the US Treasury Bonds. And the cash equivalents, the ARCE appeals to more risk tolerant institutions by offering performance through subcollerized loans to commercial companies examined and cryptocative lenders. That model, which is based on a delegated credit subscription instead of a general collateralization, now seems to be climbing faster.
The milestone suggests an increasing appetite by defi credit products that support performance in the middle of the continuous uncertainty. It also marks a rare instance in which a decentralized credit protocol has surpassed an important headline of Tradfi as Blackrock in the chain, at least for crude Aum.
Ai Tokens Rally while Big Tech doubles in the infrastructure
The cryptographic tokens centered by AI increased 5% during the night, which led to the market capitalization of the sector to $ 29.6 billion, according to Coingecko. The measure is produced in the midst of an increase in AI and data infrastructure ads of the main US technology companies, which caused the renewed enthusiasm of investors in capital and Token markets.
Google said Tuesday that it will invest $ 25 billion in data centers and AI infrastructure in the PJM Electricity, the largest in the United States, while agreed to buy 3,000 megawatts of hydroelectric energy through a $ 3 billion agreement with Brookfield. Meanwhile, Meta is planning “hundreds of billions” in the AI data center compilations, including an installation of multiple gigadatos called Prometheus In Ohio.
The ads were scheduled around a summit led by the Trump administration at the Carnegie Mellon University, where more than $ 90 billion were revealed in promises of AI, energy and data infrastructure. The bullish tone of the AI, both of the government and the industry, seems to be shedding the symbolic markets, at least for now.
Market movements:
BTC: Bitcoin is quoted at $ 117,810.33, 1.69%less, and the failed breakdown attempts gave way to high volume support, the reduction of consolidation and thinning of liquidity, pointing out the exhaustion of the market and anticipation before the next macro catalyst, according to the technical analysis data of the Coendesk investigation.
ETH: Ethereum increased 2.6% to $ 3,066.57 in a 24 -hour volatile session, bouncing a low level of $ 2,933.50 such as institutional flows, record stagnation and a strong volume fed a break of more than $ 3,075, pointing out a renewed bunder impulse.
Gold: Gold fell 0.56% to $ 3,331.55, even as a new London Langotos Market Association (LBMA) The survey showed that analysts became more optimistic with the 2025 forecasts improved with an average of $ 3,324.40, driven by geopolitical tensions, the weakness of the dollar and fiscal concerns, although the opinions remain divided on whether prices will rise to $ 4,000 or will fade at the end of the year.
Nikkei 225: Asia-Pacific markets will open mixed after President Trump announced a preliminary commercial agreement with Indonesia that includes a 19% rate of the United States on their exports.
S&P 500: The S&P 500 exceeded 0.4% lower after touching an intradic record, since the increase in treasure and an inflation reading of June 2.7% raised concerns about price pressures promoted by rates, despite strong bank gains and technological gains directed by NVIDIA.
In another part of Crypto:
- Legitimate privacy tool or dirty money ‘laundry’? The role of debate of the tornado cash lawyers on day 1 of the Roman storm trial (Cindenesk)
- Can the Genius law save Stablecoins banks? (BlockWorks)
- ‘Existential threat’: Bitcoin’s proposal will freez (Decipher)
