Bitcoin
is traded at $ 109.7,000 as Wednesday’s Trade Day begins in Asia, according to Coindesk market data.
While the world’s largest digital asset is acting flat in the early hours of the session, Coindesk market data shows that it has increased by 4% a week.
An expected bank of the Japan Rate Cut doesn’t do much to move the market, although a low interest rate policy is usually what drives risk-in-mood and affects BTC prices positively.
A metric to see instead is ‘Coinbase Premium’. The track of Cryptoquant measures the price difference between BTC on Coinbase Pro (USD) and Binance (USDT), showing the dollar’s demand for Bitcoin (as opposed to crypto-native demand).
“Coinbase Premium is gradually increasing, indicating that the shopping pressure from US investors is supporting the trend,” cryptoquant analysts wrote in a recent update. “In addition, whale purchase activity is observed incrementally.”
Part of this movement will include BTC ETF flow, which has hit $ 386.27 million so far this week, according to Sosovalue data.
That said, some of the market observers are concerned that a stacked Eths Exchange Distribution Fund (ETF), which may be close to being approved, can put a damper on institutional BTC interest.
Youwei Yang, chief economist at Bit Mining, says an ETF that gives investors access to ETH yield from inserting would be something that BTC ETFs can’t match as they just give exposure to award assessment.
“This has created a lot of humming, especially considering how much of Bitcoin’s rally was driven by Etf hype,” Yang said. “And let’s be honest: While there are speculation about Solana or Litecoin ETFs, Ether is still the only other crypto-active with a real existence in the American spot-ETF. It makes it a good-to-opportunity for institutions waiting and looking at the sidelines, ready to move when the timing feels right.”
But so far, it’s still a waiting game. At least until Boj’s movement is official, as the usual crypto-natives like Arthur Hayes expect BTC to go parabolic as a result.
DEX -Volumen has almost doubled in the past year
Centralized exchanges (CEXS) have always had their eyes on decentralized exchanges (DEXS) since the concept started in 2018 with the emergence of Modern Automed Market Maker (AMM) engines – technology in the middle of the product category.
But as the year continues, and crypto mergers and acquisitions may be warming, there will be a renewed interest in DEXs, given the massive leap in volume on the platforms in the last year.
According to Data from Messari, in the last year, the trading volume of DEXs has sprung from about 6% of all volume to 12%. In May, this number came closer to 25%when the up-and-she-has Dex Hyperliquid caught the eye of the market, including Crypto’s most aggressive dealers.
But are DEXS and CEX’s competitors? No, says Okx President Hong Fang.
When he spoke with Coindesk earlier this year in the driveway to the Hong Kong consensus, Fang said the two are complementary.
“The crypto-native audience will be able to use CEX for reliability and DEX to catch innovations,” she said at the time. “Such a delivery demand dynamics will operate further adoption of DEX to enable innovation, while the gradual maturity of crypto-regulating framework.”
News monitoring
Trump’s CFTC -nominated Brian Quintenz says Congress’s key to increasing cryptoinnovation and consumer protection
Brian Quintenz, President Trump’s nominees to President of the Commodity Futures Trading Commission (CFTC), emphasized during his Senate confirmation hearing that Congress should lead to establishing clear guidelines to increase cryptoinnovation and consumer protection at the same time that Coindesk previously reported.
Quintenz, who previously served as CFTC commissioner and later as head of police at Venture Capital Firm A16Z, claimed that the upcoming market structure legislation could provide clarity needed for entrepreneurs, while maintaining protective measures for consumers.
During his confirmation, the senators expressed concern for vacancies at CFTC – especially the absence of democratic commissioners – but Quintenz refused to commit to advance to Trump to fill these attitudes and emphasized the president’s discretion. He recognized potential resource needs if CFTC becomes the primary regulator of digital ingredients that spoke for a “technology-first approach” to improve the effectiveness of the agency and defended the role of the prediction market as legitimate tools for covering and risk management.
Aave is now on Sony’s Soneium
Aave is launched on Soneium, an Ethereum-layer-2 blockchain supported by electronics giant Sony, Coindesk reported earlier. This integration includes investigating applications in the real world of Aave’s decentralized overcollateralized stablecoin, GHO, across payments, savings and digital trading.
Aave’s commitment will expand to liquidity incentive campaigns, especially collaboration with Astar, a significant blockchain player in Japan’s Web3 scene, with a dedicated 100 million AST allocation ($ 4 million) to increase the adoption.
Soneium already hosts a living 7 million user ecosystem with prominent platforms such as Uniswap V4, Velodrome, Stargate and Lido along with native protocols Kyo Finance and Supervol. Stani Kulechov, Aave Labs’ founder, emphasized Sony’s Global Trust and Soneium’s consumer -centric approach as important benefits that adapted Aave’s strategy to expand accessibility and mainstream reach.
Market movements
- BTC: BTC trades under $ 110,000 when the exchange reserves fall sharply, signaling strong accumulation in the midst of significant short liquidations.
- ETH: Ethereum rose 6.9% to $ 2,803 in the middle of triple-average trade volume, reflecting strong institutional conviction driven by significant ETF emergency and Blackrock’s significant ETH accumulation.
- Gold: Spot Gold approached $ 3,350 on Tuesday, bent with cautious optimism over trade negotiations in the US China despite a firmer US dollar.
- Nikkei 225: Asia-Stophav markets rose on Wednesday in the midst of optimism over “productive” trade negotiations in the US China, with Japan’s Nikkei 225 getting 0.69% open.
- S&P 500: The S&P 500 got 0.6% on Tuesday and approached record highs over 6,000, bent by investor optimism on trade negotiations in the US China and Tesla’s rise in the midst of Elon Musk’s robotaxi messages.
