Eth Metrics Signal Potential Bull Run Ahead

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Welcome to Asia Morning Briefing, a daily overview of top stories during the US HOURS and an overview of market movements and analysis. For a detailed overview of US markets, see Coindesk’s Crypto Doybook Americas.

Keep an eye on

is what fund manager March Zheng tells investors.

As Asia begins its work day, ETH is over $ 2,500, which has fallen 0.4%. While this may not look like much in the unstable world of crypto, Ethe has trosed the odds and has risen 40% in the month, which is impressive because its performance is only matched by Memecoin-Stalwarts like

and decentralized financing lending protocols like. The latter performance has helped push the total value locked (tvl) in Ethereum over $ 60 billion.

Zheng, co-founder and CEO of Bizantine Capital, is Bullish on ETH because he claims that Ethereum can dominate as the primary layer-en-blockchain because of its superior scalability compared to Solana, thanks to the recent pectra upgrade and sustained lower inflation than bitcoin

.

“It may reach a bending point where both of these leads continue to grow,” Zheng said in a note to Coindesk. “It will be a very interesting year.”

There are still potential boundaries for ETH’s growth history this year. Bettors on the polymarket gives it only a 26% chance of breaking its highest height of $ 4,868 in November 2021.

Meanwhile, Coindesk Market Insight Bot Institutional Interest for Ethereum is growing sharply, with exchange balances falling to seven-year low and one-focused investment products that see significant influx, signaling Bullish long-term accumulation.

Businesses shaking away from decentralized AI

Artificial Intelligence -Tokens is one of this year’s growth stories, with the Token Market Capital Category worth over $ 27 billion according to CoingeCKO data.

But there is a problem when analyst Teng Yang of the Crypto-ai Research House of Thought argued in a thread on X.

The decentralized computer infrastructure, known as decentralized computer networks (DCN) needed to make decentralized AI a reality, does not keep up.

In Semianalyses’ March 2025 placements of GPU -Sky providers, decentralized computer platforms hardly. Only Akash and Prime Intellect appeared, stuck at the bottom of the list.

Most decentralized platforms didn’t even make the clip, emphasizing the deep challenges that these projects face in competing with centralized hyperscalers such as AWS or Google Cloud.

Coordination, the ability to organize scattered computer resources in a trouble -free service, is still a critically weak place.

Contrary to centralized services, decentralized platforms are fighting with basic tasks such as predictable jobuting, effective data transfers and built-in fault tolerance, essential for companies that are used to the streamlined functionality of Kubernetes or Slurm software tools that companies can easily control and plan large computer tasks.

Security and technical reliability provide additional obstacles. Most decentralized networks lack significant certifications, such as SOC2 or ISO 27001, leaving their systems prone to fragile networks, storage intricacies and frequent latency tips.

As Yan notes, decentralized networks suffer from dashboards that feel cumbersome, unclear payment systems and confusing onboarding processes, as they are even “spin-up-and-scale”-Benchmark companies expect.

Finally, financial sustainability remains evasive. Current decentralized networks are far too dependent on temporary tokenincitaments that risk collapse when emissions slow down or stop completely. After all, Aethir’s token has risen by 70% in the last month, adding inflation pressure if someone subscribes to cloud services that are denominated in ATH – its named token.

Yan claims that decentralized platforms do not need to replace AWS completely, but they must at least be stable, economic and easy enough to compete meaningfully. Until then, the ambitious growth of decentralized AI remains dependent on centralized computer infrastructure.

News monitoring

Trump -Organization says that $ Trump Wallet is not them

The Trump organization has distanced itself from a newly announced cryptocurrency -tektog called the “$ Trump Tevebogen” despite promotional branding that is explicitly linked to the former president, Coindesk reported earlier.

A spokesperson unequivocally said that the organization “doesn’t know anything” about the wallet and contradicts messages from Magic Eden CEO Jack Lu, who had confirmed a partnership via social media. Donald Trump Jr. And Barron Trump clarified separately that the Trump organization has “zero involvement”, though Trump Jr. mentioned an upcoming official wallet from the World Liberty Financial, a separate stableecoin project associated with the family.

The $ Trump Tevebog’s web site is currently active and invites users to a waiting list while promising digital asset trading functions, but does not provide no significant technical details or release time line. The confusion around the project highlights Trump’s controversial, but ongoing entanglement with crypto, previously illustrated by Ventures such as the World Liberty Financial and Memecoins like Trump Coin and Melania Coin.

Revolut could soon offer crypto derivatives

Revolut is investigating an extension to cryptocurrency derivatives, which indicated by a new job list seeking a general manager to launch and scale a related offer, Coindesk reported earlier.

This development follows the successful roll -out of his professional focused crypto exchange, first in the UK in May 2024 and later throughout the European Union.

The British market for cryptoderivates has recently been given traction, highlighted by the launch of GFO-X, the country’s first FCA-regulated, centrally cleared derivative platform. In addition, Galaxy’s British subsidiary, led by Mike Novogratz, received the FCA approval in April and placed himself to compete in the growing market segment.

Market Movement:

• BTC: Bitcoin rose 2% over $ 105K, bent by microstrateys aggressive $ 84 billion Bitcoin acquisition plan, despite lingering geopolitical concerns and long-term risk issues.
• ETH: ETH established a clear appearance in the middle of strong volume tips facing a fixed resistance of $ 2,651 and solidified support near $ 2,618- $ 2,620.
• Gold: Gold dipped 0.51% to about $ 3,356 per Ounce on Tuesday as a rebounding dollar and rising US job openings caused traders to rotate for more risky assets.
• Nikkei 225: Japan’s Nikkei 225 rose 0.83% on Wednesday, led the markets for Asia and the Pacific higher after Wall Street’s tech-powered rally powered by Nvidia.
• S&P 500: The S&P 500 increased 0.58% Tuesday to 5,970.37, increased by NVIDIA gains and investor optimism over US trade agreements as Deutsche Bank raised its starting target to 6,550.

Elsewhere in crypto: