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.
Macro Events and the Bold Plan from Vitalik to 10x Ethereum Layer 1 could boost more than $ 3000: Lennix Lai de OKX
ETH merchants are looking at $ 2600 when Asia begins their business day, but OKX’s commercial director, Lennix Lai, sees an easy path for the token to reach $ 3000 if Vitalik Buterin can get rid of Ethereum dependence on layer 2.
Capa 1 refers to the main blockchain infrastructure, such as Ethereum, while layer 2 solutions are secondary systems built on layer 1 to improve scalability and accelerate transactions.
“The vitalik pivot for climbing Ethereum Layer 1 by 10x will be a change of play, changing the focus of a great dependence on the solutions of layer 2 as fragments,” Lai said in a note to Coinridesk, referring to the recent comments that Bugerin made in Etglobal beer.
“On our platform, ETH Perpetual Futures constituted 44.2% of the negotiation volume in the last 7 days, showing us that sophisticated investors are closely tracking this evolution,” he continued.
LAI points out the key macro events of this week, such as the ECB rate and the US job data. UU., As factors that could significantly affect the risk appetite, potentially pushing ETH for $ 3,000 in the short term, although the long -term success of Ethereum depends on the ambitious Vitalik roadmap.
In other places, the technical analysis model of Coindesk Research highlights Ethereum’s resilience over the critical support at $ 2,600, driven by institutional tickets that are close to $ 1.2 billion and a purchase of significant whales, positioning ETH for a possible Altcoin rally.
The CEO of Hashed, Simon Kim, says that the choice of Korea drives Crypto, Stablecoins and AI
Simon Kim, the CEO of the largest cryptographic background in Korea, believes that Crypto has become a critical force in South Korea’s policy, and will be the business as usual for the industry under the new leftist president of the Lee Jae-Myung country.
“Officially, Crypto is more popular than the Stock Market in Korea,” Kim said in a recent interview with Coindesk.
He pointed out the data that shows 16.29 million Crypto merchants daily active compared to 14.24 million active capital merchants, noting that political parties now see that support for cryptography is essential to win elections.
The cryptographic policies of South Korea also continue to be closely linked to the regulatory developments of the United States, according to Kim.
“All Korean politicians are following the United States,” he explained, pointing out how US institutions and regulators are guiding global standards. Kim added that the Fiscal Policy of Capital Capital Profit of Korea established above, scheduled to begin at the beginning of 2027, remains unchanged.
Kim expects Lee’s administration to develop the Stablecoin policy, since they currently represent approximately one tenth of the Corea cryptography trade volume.
The issuance of a stable in Korea could be complicated because the Korean Won is a currency in strictly controlled land with strict capital restrictions, which makes it difficult to integrate into cryptographic markets without borders.
Kim said that in his conversations with some policy formulators, they say that “there is no benefit to adopt Stablecoin won in the Korean market,” given its advanced payment ecosystem.
But Stablecoins is here to stay, since Kim says that they already represent a tenth of commercial volume in the country, and there is a growing recognition that they must be safely integrated into the economy, where they can be taxed.
“Stablecoins is not just a network of payments,” he said. “It is building a unique digital platform that allows intelligent contracts and making an autonomous economy.”
Beyond cryptography, Kim expects Lee administration to pursue a substantial investment in artificial intelligence.
However, Kim expressed skepticism about the plans to create a sovereign generalized platform comparable to US giants as Openai.
Instead, he argued that Korea’s force is in “physical AI”, building specialized solutions adapted to sectors where Korea stands out, including semiconductors, electronics and advanced manufacturing.
“I think the new administration has some feeling that we have unfair advantages in the physical ecosystem of AI. That is the point that excites me a lot,” he said.
News Summary
OPI CIRCLES TEST A $ 31 per share
Circle has a price of its OPI at $ 31 per share, exceeding the anticipated range of $ 24 to $ 26, raising approximately $ 1.1 billion and valuing the stablecoin issuer at around $ 6.9 billion, Coindesk said previously. The offer included around 34 million shares, significantly more than the initially planned 24 million, indicating a strong market demand.
The trade under the “CRCL” ticket, Circle will debut on Thursday in the New York Stock Exchange, marking an important mile of Crypto.
Trump cryptographic connections under scrutiny while the United States Congress debates the Crypto Regulation Law project
The Republicans of the US House of Representatives. UU. They are advancing the legislation to regulate cryptography markets through the Digital Assets Clarity Law, Coindesk said previously, celebrating two hearings on Wednesday in preparation for a possible marking of the committee next week.
Republicans argue that the bill urgently addresses the demand for the cryptographic industry of clear regulatory frameworks to prevent innovations from moving on the high seas, highlighting the risk of the United States from staying behind Europe and Asia in cryptographic supervision.
However, Democrats criticize legislation as hurried, complex and lack sufficient consumer protection, particularly citing concerns of unresolved interest conflict related to commercial activities of personal cryptocurrencies of President Donald Trump. The Democrats insist that the bill needs strict safeguards and transparency measures, as representative Jim Himes emphasized, to ensure bipartisan support, while Republicans greatly dismiss these accusations as politically motivated distractions.
Market movements:
- BTC: Bitcoin saw remarkable volatility, balancing 1.67% amid significant institutional withdrawals, struggling to maintain support above $ 105,000 as commercial disputes increased the uncertainty of the market.
- ETH: Ethereum increased 4%, bouncing strong support about $ 2,590 driven by institutional purchase and the accumulation of whales, forming a potential basis for upward break.
- Gold: The gold recovered from more than 0.80% to $ 3,382, recovering from a minimum of $ 3,343 after the US economic data and the US commercial tensions.
- Nikkei 225: Nikkei 225 of Japan fell 0.39% in the opening in a mixed-pacific mixed trade, driven by concerns about a United States labor market.
- S&P 500: The S&P 500 closed modestly higher by 5,970.81 on Wednesday, backed by technological actions despite concerns about weak hiring data and increased commercial tensions.
In another part of Crypto:
