Bitcoin
As Wednesday’s trading day begins in Asia, the transaction price is $1.097 million, According to Coindesk market data.
Although the world’s largest digital asset is traded in the early hours of the conference, Coindesk Market Data It shows a 4% increase this week.
Expected Japanese Bank to cut tax rates Even though low interest rate policies are often the reason for driving risk sentiment and positively impacting BTC prices, there isn’t much to do to drive the market.
Instead, one metric to watch is “Coinbase Premium.” It measures the price difference between BTC on Coinbase Pro (USD) and Binance (USDT) in CryptoQuant tracking, which indicates the dollar demand for Bitcoin (rather than crypto-local demand).
“Coinbase Premium is gradually rising, indicating that buying pressure from U.S. investors is supporting this trend,” said Dr. Crypto analysts wrote in a recent update. “In addition, whale buying activities are being watched step by step.”
Part of the campaign will include inflows of BTC ETFs, which has reached $386.2 million so far this week, According to SosoLaue data.
That being said, some market observers are concerned about fixed Ether Exchange Funds (ETFs), Probably close to obtaining approvalmay cause the interests of institutional BTC.
Youwe Yang, chief economist at Bit Mining, said ETFs that allow investors to get ETH yields from State King will be unmatched by BTC ETFs because they will just be appreciated by the price.
“This has caused a lot of buzz, especially considering how much Bitcoin rally is driven by ETF hype,” Young said. “And to be honest: while there is speculation about Solana or Litecoin ETF, Ether is still the only other crypto asset that has a real presence in our live ETF. This makes it an option for institutions to wait and watch off-site, ready to move when the time feels right.”
But for now, it’s still a waiting game. At least until Boj’s move is formal, regular crypto natives like Arthur Hayes are Therefore, check the parabola of BTC.
DEX volumes have almost doubled in the past year
Since the concept began in 2018 with the advent of modern automation market manufacturers (AMM) engines (central technology in product categories), Centralized Exchange (CEXS) has been focusing on decentralized exchanges (DEXs).
But as the year continues, Crypto Mergers and Acquisitions Heating Given the huge increase in the number on the platform last year, there may be new interest in DEX.
Last year, DEX trading volume jumped from 6% of all volumes to 12%, according to Messari data. In May, that number was close to 25% Dex super-flow attracts market attentioninclude The most radical businessman in cryptocurrency.
But are DEX and CEX competitors? No, OKX President Hong Fang said.
Talked with Coindesk earlier this year As the Hong Kong consensus progresses, Fang said that the two are complementary.
“Crypto-local audiences will want to be able to use CEX for reliability and hope to gain innovation,” she said. “This supply and demand dynamic will drive further adoption of DEX to achieve innovation while supporting the gradual maturity of the crypto regulatory framework.”
News summary
Trump’s CFTC nominee Brian Quintenz
President Trump nominated the nominee of the Commodity Futures Trade Commission (CFTC), Brian Quintenz, stressed at the Senate confirmation hearing that Congress must lead the establishment of clear guidelines to simultaneously improve cryptocurrency innovation and consumer protection, Coindesk previously reported.
Quintenz, who previously served as CFTC specialist and later served as policy leader for Venture Capital’s A16Z, believes that the upcoming market structure legislation can provide entrepreneurs with the clarity they need while maintaining consumer safeguards.
Senators expressed concerns about the CFTC vacancies during the confirmation period, especially the absence of Democratic Commissioners, but Quintendz refused to advocate for Trump to fill the posts, emphasizing presidential discretion. He acknowledged potential resource demands if the CFTC became the primary regulator of digital goods, advocated the adoption of a “technology-first approach” to improve agency efficiency and defended the forecast market as a legitimate tool for hedging and risk management.
Aave is now on Sony’s soneium
Coindesk previously reported that AAVE has been launched on the Ethereum layer 2 blockchain supported by Electronics Giant Sony. The integration includes exploring the real-life applications of AAVE, namely the decentralized hyper-sided stability of cross-payment, savings and digital trade.
AAVE’s participation will expand to the liquidity incentive campaign, especially with Astar, a key blockchain player in the Japanese Web3 scenario, and provides 100 million ASTR allocations ($4 million) to improve adoption.
Soneium already has a vibrant 7 million user ecosystem, which includes prominent platforms such as Uniswap V4, Velodrome, Stargate and Lido, as well as native protocols Kyo Finance and Supperol. Stani Kulechov, founder of Aave Labs, highlighted Sony’s global trust and consumer-centric approach as key advantages, aligning with Aave’s strategy to expand accessibility and mainstream scope.
Market movement
- BTC: BTC trades are below $110K, and as Exchange Reserves drop sharply, the accumulated volume is large in a large number of short liquidations.
- eth: Ethereum soared 6.9% to $2,803 with triple trading volume, reflecting a strong institutional belief driven by massive ETF inflows and large accumulation of ETH from BlackRock.
- Gold: Despite the stability of the dollar, live gold approached $3,350 on Tuesday, inspired by cautious optimism about the U.S.-China trade talks.
- Nikkei 225: Asia-Pacific markets rose on Wednesday as Japan’s Nikkei 225 rose 0.69% when it opened.
- S&P 500: The S&P 500 rose 0.6% on Tuesday, a record above 6,000 in Elon Musk’s Robotaxi announcement.
