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.
Uniswap’s Token Uni increased from $ 6.00 to $ 6.65 in the last 24 hours, which increased the 5% token, while the wider market caliber index COINDESK20 fell 1.8% in the last 24 hours. This impulse coincides with UNISWAP registering its largest monthly transactions volume since February, processing more than $ 73 billion in operations and generating more than $ 380 million in revenues this year, as institutional interest grows and a notable whale returned to enter the market by acquiring almost $ 4 million in UNI.
The new CEO of SCB10X sees Usia Crypto Dealflow, AI Opportunities
Kaweewut Tempuwapat, the new CEO of SCB10X, the risk arm of the SCB Bank of Thailand, sees significant opportunities emerging at the intersection of AI, Crypto and Web3. “We definitely [are] Passing more about AI and also Crypto and AI Plus Crypto, “Tempuwapat told Coindesk, highlighting these hybrid investments as firmly” under our radar. ”
He predicts that the clearer cryptographic regulation in the United States will feed a greater flow of agreements in resistant Asian markets, pointing out the early success of SCB10X investing in Ripple: “We are one of the first investors in Ripple 10 years ago … We have used that technology during the last five to six years in our SCB application.”
Tempuwapat praised the proactive and innovative regulators of Thailand, highlighting the robust payment infrastructure of the country. He expects Thai banks, including SCB, can soon maintain cryptographic tokens in their balances, initially through regulatory sandboxes: “The intention is there … allow us to make us [it] on a small scale “.
The merchant James Wynn changes from Bitcoin Bets of billions to Memecoins, Va Long Pepe
The pseudonym merchant “James Wynn”, known for high -risk cryptographic bets in the decentralized platform hyperliquid, has changed the approach of Bitcoin’s positions of one billion dollars to Memecoins, recently placing an leverage of $ 1 million in Pepe (Pepe), Coindesk said previously.
Previously, Wynn closed a massive Bitcoin position of $ 1.2 billion in a loss of $ 17.5 million, before pivoting a short position of $ 1 billion with a leverage of 40x, effectively turning off its $ 50 million wallet balance in Bitcoin’s disadvantage. That brief briefly scored Wynn about $ 3 million in profits before closing, marking one of the largest operations ever run completely in the chain.
Wynn announced backward negotiation after obtaining a cumulative gain of $ 25 million, obtained from an initial investment of just over $ 3 million. The latest PEPE of the merchant has already won $ 500,000 in the middle of an increase of almost 6% in the value of the memecoin.
The strategy buys another 4,020 bitcoin for $ 427 million, total holdings exceed 580k BTC
Strategy (MSTR), the largest corporate head of Bitcoin, bought additional 4,020 BTC between May 19 and May 25 for approximately $ 427 million, which brought its total holdings to 580,250 BTC, Coindesk previously reported. The acquisition was financed through three separate market programs, including sales of common shares and preferred by a total of approximately $ 427 million.
These last Bitcoin purchases were executed at an average price of $ 106,237 per currency, which promotes the total investment of the Bitcoin strategy to more than $ 40.6 billion, at an average cost of $ 69,979 per currency. The acquisitions reflect the continuous commitment of the company to expand its considerable Bitcoin holdings through capital increases and regular shares.
Market movements:
- BTC: Bitcoin has stable record levels of around $ 109,000, consolidating profits despite the volatility induced by the rate, since long -term investors continue to accumulate amid the macroeconomic uncertainty.
- ETH: Ethereum maintains a resilience above $ 2,500 amid the volatility and cautious behavior of whales, backed by continuous institutional entries in ETF spot Eth.
- Gold: Gold is submerged slightly in the delay of the rate, but is maintained above $ 3,310, since the deficit refers to the bullish perspective of fuel.
- Hang Seng: Hang Seng of Hong Kong opened lower, quoting over 23,304, led by technological losses, including the 4.9% decrease in Meituan.
- Nikkei: Nikkei 225 of Japan fell 0.13% on Tuesday morning when the markets evaluated Trump’s tariff delay.
- S&P 500: Closed for the day of the fallen.
In another part of Crypto …
