The largest crypto by market cap benefited from last week’s pause in interest rate hikes, but a market analyst suggests that cuts may be necessary for prices to rise significantly in the future. ALSO: Indonesia updates its list of digital assets approved for trading in the country.
First Mover Asia: Hong Kong as Crypto Hub? The City’s Strict Banking Requirements May Be an Obstacle
A Hong Kong-based entrepreneur says that while the digital assets regulation is “overall friendly,” banking regulations will make the industry’s growth there difficult. ALSO: Bitcoin surges post-BlackRock iShares ETF filing but the rally sputters.
First Mover Asia: Large Bitcoin Holders Content to Hold Long Positions Amid Regulatory Turmoil
Balances for whale investors indicate that investors are holding on to their crypto assets, despite recent uncertainty; BTC regains $25K.
First Mover Asia: Actually, Hong Kong Would Be a Terrible Home for Coinbase
Hong Kong’s rules for crypto would mean plenty of restrictions for Coinbase.
First Mover Asia: Binance’s Exchange Flow Flips Positive; Bitcoin Trades Flat
ALSO: The co-founder of crypto security firm De.Fi called the price stabilization of crypto assets that plummeted after SEC lawsuits against Binance and Coinbase “mean regression.”
First Mover Asia: Here’s Why Bitcoin’s Support is Holding at $25K
These are challenging times for the crypto market, but bitcoin is holding firm.
First Mover Asia: Bitcoin Remains Resilient Near $26.5K, Despite Ongoing Binance, Coinbase Fallout
ALSO: Valkyrie’s chief investment officer expects the U.S. central bank to suspend its nearly year-long diet of interest rate increases. That might please digital and other asset markets, but Steven McClurg said that the monetary dovishness is unlikely to continue later this year.
First Mover Asia: Bitcoin Falls Below $26.5K as Crypto Market Fades Amid Coinbase, Binance Angst
ALSO: Stablecoin balances may provide additional insight into price direction.
First Mover Asia: Why Did Bitcoin Regain $27K? ‘No One Is Surprised by Gensler’s Actions,’ Crypto CEO Says
ALSO: Why Binance’s alleged co-mingling of assets isn’t the same as FTX’s alleged co-mingling of assets.
First Mover Asia: Why Did Bitcoin Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets
ALSO: Lido’s stETH token has become the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko. What’s behind its ascent?
First Mover Asia: Why Did Bitcoin’s Price Hold Above $27K Over the Weekend? Two Analysts Expect Continued Resilience
ALSO: The bitcoin options put/call ratio across exchanges has sunk to 0.47, suggesting that fewer investors are seeking downside protection against price declines than they had prior to the passage of a bill to raise the U.S. debt ceiling.
First Mover Asia: Bitcoin Has Reached ‘a General Accumulation Phase’: Analyst
ALSO: BTC-20 tokens are pushing toward a $500 million market cap, and data from Glassnode shows that they have been a boon for miners.
First Mover Asia: Bitcoin Settles Above $27.1K After Early Wednesday Dip as Rate Hike, Inflation Worries Heighten
ALSO: Large bitcoin holders reduced their holdings and sent assets to exchanges in the days leading up to the debt deal. What’s next?
First Mover Asia: Nearly $275 Million in Ether Burnt This Month as It Continues Deflationary Trend
Also: Bitcoin and volatility have a tricky relationship. BTC steadies below $28K after dip.
First Mover Asia: Does Crypto’s Success Depend on the Upcoming Presidential Election?
ALSO: The Commitment of Traders report shows that asset managers have increased their open long positions in bitcoin after falling in the two prior weeks.
First Mover Asia: Bitcoin Rises Past $28K on Debt Ceiling Deal
ALSO: A Chinese governmental agency released a paper over the weekend that outlined suggestions for China’s Web3 policy, but it didn’t broach must new ground. Still, the paper represented progress for a country that is keen to write the next generation of technology standards.
First Mover Asia: Bitcoin Holding Pattern Continues as Lawmakers Make Progress in Debt Limit Negotiations
ALSO: Graphics chip manufacturer Nvidia’s powerful GPUs were well-suited for bitcoin mining but they now seem primed to boost the company’s sales because of their usefulness in artificial intelligence technology.
First Mover Asia: Bitcoin Holds Below $27K Amid Macro Uncertainties
ALSO: Market maker Flowdesk is looking to expand in the U.S., even as a number of major crypto firms, including Coinbase, have lost enthusiasm there because of ongoing regulatory uncertainties.
First Mover Asia: Crypto’s Narrative of This Season Is No Narrative at All
ALSO: Hong Kong’s proposed crypto exchange rules value TradFi chops over crypto knowledge. What are the key potential changes?
First Mover Asia: Bitcoin Holds Steady Near $27K as Investors Weigh Debt Ceiling Developments
ALSO: Former CoinDesk head of research writes that despite government efforts in such large, emerging countries as Pakistan and Nigeria to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.