Good morning, Asia. This is what makes new in the markets:
Welcome to Asia Morning briefing, a daily summary of top stories during American hours and an overview of market movements and analysis. For a detailed overview of the American markets, see Coindesk’s Crypto Daybook Americas.
Uni -token of Uniswap rose from $ 6.00 to $ 6.65 over the past 24 hours, which pushed the token by 5%, while the wider market meter Coindesk20 -index fell 1.8% in the last 24 hours. This momentum coincides with Uniswap who has been registering the highest monthly transaction volume since February, processing more than $ 73 billion in transactions and generating more than $ 380 million in income this year, as institutional interest rate grows and a remarkable whale came through the market through the market through the market Acquiring nearly $ 4 million in Uni.
The new CEO of SCB10X sees US-asia Crypto Dealflow, AI opportunities
KaweeWut Temphuwapat, the new CEO of SCB10X, the Venture arm of the SCB bank of Thailand, sees considerable opportunities arising at the intersection of AI, crypto and web3. “We certainly [are] More more on AI and also Crypto and AI Plus Crypto, “Temphuwapat told Coindesk, and emphasized these hybrid investments as sturdy” under our radar. ”
He predicts that a clearer Crypto Regulation in the US will feed the increased deal stream to resilient Asian markets, and notes that the early success of SCB10X in Ripple in Ripple has been invested: “We have been an early investor in Ripple 10 years ago … We have used that technology in our SCB -app over the past five to six years.”
Temphuwapat praised the proactive and innovative supervisors of Thailand and emphasized the robust payment infrastructure of the country. He expects Thai banks, including SCB, to be able to keep Crypto -Tokens on their balance sheets quickly, initially through regulatory sandboxes: “The intention is to make us admit to us [it] On a small scale. “
Trader James Wynn shifts from Bitcoin bets from billion dollars to Memecoins, goes long Pepe
Pseudonymous trader “James Wynn”, known for crypto bets with high deployment on decentralized platform-hypliquid, has shifted the focus of Bitcoin positions from billion dollars to Memecoins, who recently gave a lever on Pepe (Pepe), Coindenschap.
Earlier Wynn closed a huge Bitcoin position of $ 1.2 billion on a loss of $ 17.5 million, before he turned to a short position of $ 1 billion at 40x leverage, which means that their full $ 50 million wallet balance to the disadvantage of Bitcoin effectively uses. Wynn briefly yielded $ 3 million profit before he was closed, so that one of the largest transactions has ever been fully carried out on the chain.
Wynn announced a step back of eternal trade after obtaining a cumulative profit of $ 25 million, earned with an initial investment of just over $ 3 million. The newest high-delivery Pepe position from the trader has already won $ 500,000 in the midst of an increase of almost 6% in the value of the memecoin.
Strategy buys another 4,020 Bitcoin for $ 427 million, exceeding total interests 580k BTC
Strategy (MSTR), the largest company holder of Bitcoin, bought an extra 4,020 BTC between 19 May and 25 May for around $ 427 million, which brought its total interests to 580,250 BTC, Coindesk reported earlier. The acquisition was funded through three separate stock programs on the market, including the sale of common and preferred shares of a total of around $ 427 million.
These latest Bitcoin purchases were carried out at an average price of $ 106,237 per coin, which pushed the total investment of the strategy in Bitcoin to more than $ 40.6 billion, at an average cost -based $ 69.979 per currency. The acquisitions reflect the continuous dedication of the company to expand its extensive Bitcoin Holdings by regular capital increases and issues of shares.
Market movements:
- BTC: Bitcoin has stable in the vicinity of record levels around $ 109,000, which consolidate profits despite the rate-induced volatility, because long-term investors continue to accumulate the midst of macroeconomic uncertainty.
- ETH: Ethereum maintains resilience above $ 2,500 in the midst of volatility and careful whale behavior, supported by continuous institutional inflow into spot eth ETFs.
- Gold: Gold falls slightly on tariff delay, but remains above $ 3,310 as a deficiency is the bullish outlook of the fuel.
- Hang Seng: Hang Seng van Hong Kong opened lower and traded above 11,304, led by technical losses, including the fall in Meitan 4.9%.
- Nikkei: The Japanese Nikkei 225 fell 0.13% on Tuesday morning when the markets rated the tariff delay of Trump.
- S&P 500: Closed for Memorial Day.