Good morning, Asia. Here’s what makes news in the markets:
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.
Uniswaps uni token rose from $ 6.00 to $ 6.65 over the last 24 hours and pushed the token up 5%, while the wider market meter Coindesk20 index fell 1.8% over the past 24 hours. This momentum coincides with Uniswap registering its highest monthly transaction volume since February, processing over $ 73 billion in trades and generating more than $ 380 million in revenue this year as institutional interest grows and a remarkable whale re -enter the market by acquiring almost $ 4 million the value of UNI.
SCB10X’s new CEO sees USAsia Crypto Dealflow, AI options
KaWeewut Temphuwapat, the new CEO of SCB10X, Venturarmen from Thailand’s SCB Bank, sees significant options arising from the intersection of AI, Crypto and Web3. “We are definitely [are] To go more at AI and also crypto and AI Plus Krypto, “Temphuwapat told Coindesk and highlighted these hybrid infestations as firm” under our radar. ”
He predicts clearer crypto regulation in the United States, fuel will increase contractual stream to elastic Asian markets and notices the SCB10X’s early success in investing in Ripple: “We are an early investor in Ripple 10 years ago … We have used that technology in the last five to six years in our SCB app.”
Temphuwapat praised Thailand’s proactive and innovative regulators and highlighted the country’s robust paying infrastructure. He expects Thai banks, including SCB, soon be able to keep crypto -tookens on their balance, originally through regulatory sandboxes: “The intention is there … they allow us to do [it] In a small scale. “
Trader James Wynn Shifts from Bitcoin Bitcoin on Billion Dollars to Memecoins, Go Long Pepe
Pseudonymous traders “James Wynn”, known for crypto-betting with high efforts on decentralized platform hyperliquid, have shifted the focus from Bitcoin positions of billion dollars to Memecoins recently placed a gear $ 1 million efforts on Pepe (Pepe), Coindesk earlier.
Previously, Wynn closed a massive Bitcoin position of $ 1.2 billion with a loss of $ 17.5 million before turning to a short position of $ 1 billion on 40x leverage, which effectively bets on their entire $ 50 million wallet on Bitcoin’s disadvantage. The short card web Wynn about $ 3 million in profit before he closed, and marked one of the largest trades ever performed fully on the chain.
Wynn announced to go back from eternal trade after securing a cumulative profit of $ 25 million earned from an initial investment of just over $ 3 million. The trader’s latest high leverage PEPE position has already received $ 500,000 in the middle of an increase in almost 6% in Memecoin’s value.
Strategy buys another 4,020 Bitcoin for $ 427 million
Strategy (Mstr), the largest business owner of Bitcoin, bought another 4,020 BTC between 19 May and 25 May for approx. $ 427 million, bringing its total holdings to 580,250 BTC, Coindesk earlier. The acquisition was funded through three separate marketing programs, including the sale of joint and preferred shares totaling approx. 427 million dollars.
These latest Bitcoin purchases were made at an average price of $ 106,237 per Coin, pushing the strategy’s total investment in Bitcoin to over $ 40.6 billion to an average cost basis of $ 69,979 per year. Coin. The purchases reflect the company’s ongoing obligation to expand its significant Bitcoin stocks through regular capital increases and share issues.
Market Movement:
- BTC: Bitcoin keeps steady near record levels around $ 109,000, consolidating gains despite customs -induced volatility as long -term investors continue to accumulate in the midst of macroeconomic uncertainty.
- ETH: Ethereum maintains resistance over $ 2,500 in the middle of volatility and cautious whale behavior, supported by continued institutional influxes in Spoteth ETFs.
- Gold: Gold dips a little on customs delay, but remains over $ 3,310 as the deficit relates to fuel for fuel.
- Hang bed: Hong Kong’s Hang Bed opened lower and traded over 23.304, led by technical losses, including Meitan’s fall of 4.9%.
- Nikkei: Japan’s Nikkei 225 dipped 0.13% on Tuesday morning when the markets assessed Trump’s customs delay.
- S&P 500: Closed to Memorial Day.
Elsewhere in crypto …
