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.
While merchants were set in the latest Jerome Powell rate signs, the most consistent story can be developed in Stablecoins.
The sector has almost doubled at $ 280 billion in a year, and most emitters have short -term bonds as a guarantee. That links cryptographic liquidity more directly with the Federal Reserve policy than never before, according to the CEO of OKX Singapore, Gracie Lin.
“While markets are still digging Powell’s latest comments on rates, a more consistent long -term change is happening beyond the graphics and headlines. It is in the stable calls ‘boring’ that we are seeing better long -term pricing signs,” Lin to Coindesk told Coindesk in a note.
“The next step is the unification: Stablecoins has built the rails, now they need a unified market that offers liquidity, efficiency and true utility for investors,” Lin continued.
Coinbase analysts project that the market could increase to $ 1.2 billion by 2028, which forces $ 5.3 billion of new treasure purchases every week. Tickets can obtain marginally lower yields, but the risk works in reverse: redemption waves could trigger the forced sale of invoices, exhausting liquidity.
The debate continued in a recent episode of the Goldman Sachs exchanges podcast, where Barry Eichangen of UC Berkeley warned that Stablecoins could replicate the panic of the 2008 monetary market fund.
“When a participation in the money market in dollars fell to 97 cents in 2008, chaos exploded, the features of contagion extended and the government intervened to guarantee funds,” he said.
The former control of the United States of the Brian Brooks currency responded to the podcast that the new genius law, which requires a treasure support one by one, reflects the national banking reforms that ended the era of the “Wildcat banking” of the United States.
“Supervision is equal to security,” he said. “Every time a new token is issued, another dollar of treasure values must be bought.”
This strip and loosen captures the macro dilemma.
The Coinbase model shows basic stablcoins shaving points of treasure yields, Brooks calls him a new world demand engine in dollars and Eichernen warns about a 2008 -style liquidity creak. Meanwhile, Lin already argues that the rails are already there, and the question is if they are unified in a market that stabilizes the system or fractures in instruments that amplify the shocks.
Market movements
BTC: BTC is currently quoted above $ 111,300. Coendesk market data shows that the world’s largest digital asset is quoted within an intra -tight range, which suggests consolidating the feeling. The markets seem caution in the middle of the macro uncertainty, and investors patiently expect greater impulse or directional signals.
ETH: ETH is turning off at $ 4,320, showing modest rise (+0.6%) Introje, hinting at the renewed interest of investors after recent profits. The broader cryptographic recovery, particularly in Altcoins, seems to be reinforcing demand.
Gold: Gold recently crossed $ 3,540 per ounce, placing it in a new closure of all time. The rally is being driven by the growing expectations of an upcoming fed rate cut, as well as greater uncertainty about US tariffs and political pressure on Fed. Investors go into mass to gold as a safety asset in the midst of these risks.
Nikkei 225: The Nikkei 225 remains stable within its current range, which reflects cautious optimism among investors. The ascent follows a more broad ninja sigilo rally “in Japanese actions, driven by strong foreign entries, reforms and global capital trends to Japan.
In another part of crypto
- Jack Ma Linked Yunfeng Financial to build the Ether Treasury from the ETH purchase of $ 44 million (Coindesk)
- Jito executives explore the impact of the DEC rethinking decision of the SEC (the block)
- Ethereum Foundation to download another 10k eth after Sharplink Deal (Coindesk)
