Asia Morning Briefing: BTC Climbs to 107k As ‘War Drums Fade, Risk Appetite Roars’

As asia begins the thursday trading day,

Is Changing Hands Above $ 107k, Account to Coindesk Market Data, and The Coindesk 20, A Measure of the Largest Digital Assets, Is Trading Just 3000, Up 0.7%.

Looking Back at the Week That Was, Analysts and Market Observers Are Looking at What Began As A Selloff on Middle East Tensions, With Israel And Iran Trading Rocket Fire, An A Us Bombing C Facilities, Turned Into A Textbook Risk-on Rally, One That’s Lifting Crypto, Tech Stocks, And Broader Market Sentiment Alike.

“War Drums Fade, Risk Appetite Roars,” Wrote QCP Capital in It June 25 Market Note, CAPTURING The SUDDEN MODING AFTER DAYS OF ESCALATING HEADLINES. “Traders appeared to have priced in a resolution or simply stampped waasing for one. Institute of Flight-to-Safety, The Move Was Risk-on in Full Force.”

That Shift Was Visible Across Asset Classes. US EQUITIES SURGED, OIL PRICES Retraced to Pre-Conflict Levels, and Coinbase Stock Jumped 12% on Regulatory News.

For BTC, The Rebound Above $ 107k Signals Not Just Relief But Renewed Momentum, Even As Investors Keep One Eye on the Macro Calendar And The Other on Global Flashpoints.

“IT’S BEEN A Week of Sharp Swings in Crypto,” SAID GRACIE LIN, CEO OF OKX Singapore. “BITCOIN DIPPED BLOW $ 100,000 Earlier in The Week WHEN MIDDLE EAST TENSIONS RATTLED The Markets, But Rebounded Quickly After News of a Ceasefire-Now Trading Justa Bilow.

Lin Points to a Slew of US Economic Data, Including GDP and Unemployment Claims, Coming Later This Week as The Next Catalyst for Btc’s Movement.

“Recent PMI Numbers Have Held Steady, But Continued Weakness in Housing Is Raising Questions About the Broader Economy,“ She Said. “If Thursday’s GDP or Unemployment Claiims Come in Weaker than Expectoed, Bitcoin Could Benefit As Investors Look for Hedges Against Traditional Market Weakness.”

Add to that Quarterly Expiration of Bitcoin Futures and Options on June 27, and Volatility Could Return in Force. “Another Bout of Valativity is Expectioned,“ Lin Said.

QCP, Meanwhile, Is Looking Beyond the Week’s Swings, SpotLighting The Structural Forces Driving Bitcoin’s Evolution Into A Macro Asset.

From ProCap’s $ 386 Million Btc Buy to Coinbase’s Regulatory Win Under Mica, Institutional Momentum Continues to Build.

“If this accounting Trend persons,” QCP Wrote, “Bitcoin May Not Just Rival Gold As a Macro Hedge But Potentilly in Total Market Capitalization.”

Still, QCP Adds A Note of Caution: “Geopolitics Remains An Ever-Present Undercurrent.”

While Markets have largely shrugged Off Renewed Israeli Strikes, Concerns Are Mounting Over Nato -Russia Tensions. With Western Nations Boosting Defense Budgets and Trump Set to Atend the Nato Summit, The Next Geopolitical Shock May not come from the Middle East.

For Now, Bitcoin Is Riding the Wave of Risk-on Enthusiasm. But Beneath The Surface, The Battle Between Valativity and Convision, War Drums and Buying Spree, Continues to define the Market.

(Coindesk)

Korean Crypto Investors Favor Community Over Capital, Analyst ExplansFor Overseas Crypto Projects, Getting Listed on a Korean Exchange Like Upbit or Bithumb Is Seen As a Golden Ticket, An Instant Liquidity Inject, and A Validation Milestone.

But that Mindset Might Be Part of the Problem, Bradley Park, An Analyst with Seul-Based Dntv Research, Explained in A Recent Interview with Coindesk.

AT Korea Blockchain Week Last Year, Park Kept Hearing the Same Question from Foreign Teams:

“How do we get listed on a korean exchange? ”

Korean Exchanges Have Deep Liquidity Pools, and Traders in the Country Are Known for Their Euphoric Rallies.

“HONESTLY, Many of Them Are Approaching It Wrong Way,” Park Told Coindesk. “Institute of Starting with Listing Applications, Maybe The Better Question is: How Can We Genuinely Connect with the Korean Community?”

Park’s Theisis is Simple: In Korea’s Web3 Market, Community Isn’t A CheckBox. It’s the Core. LISTINGS OF OFFEN A Result, Not A Goal, and The Key Signal for Exchanges Is Genuine Grassroots Activity.

Take Newt, for Instance. In the lead-up to it tokon genetation event, Korean Degens Lit Up Platforms Like Kaito with Homegrown Content, Discussions, and Special.

“This Grassroots Exciterement Translated Directly Into Momentum,” Said Park. “Both Upbit and Bithumb Listed Newt on the Same Day. That Wasn’t A Coincide. It Was The Result of Weeks of Organic Community Buildup.”

But Park Caucions Against Seeing Newt As A Flawless Blueprint.

“IT’S NOT A Perfect Model, But Ites Show How Even A Basic Level of Respect Toward The Korean Community Can Translate Into Visible Outcomes,” He Said.

“That SAID, The SUBSEQUENT PRICE Drop and Fading Short-Term Excitement Left The Project with Another Challenge: Keeping The Spark ALIVE IS JUST AS DIFFICULT AS IGNITING IT.

Another Example: Edward Park, A Well-Known Korean Influencer and Early Pudgy Penguins Holder, Posted About Newt in Korean, Garnering Over 50,000 Views. While that might not seem like a Lot, It’s the quality of the English that matters, Argues Bradley Park.

He Attributes of Single Post to Catalyzing A Wave of Engagement with Other Key Stakeholders in Korea’s Crypto Spreer Because of Edward Park’s Trust.

Projects that Treat Korean USers Like Exit Liquidity Racher Than Stakeholders Tend to Be Punied.

Park Points to the Case of Zora, WHERE Korean USers Showed Strong Early Participation But Sourd on the Project AFTER A perceived Unfair Airdrop.

“Interest in Future Base Ecosystom Projects Declined. They Failed to go viral in Korea Because USers Felt they wen’t valused.”

LOCALIZATION MATTERS TOO, ESPECIALLY The LANAGEAGE. Park Contrasts Two Projects: Cookie, Who Suffired from Poorly Translated, Low-Quality Content Created by Outsiders, and Kaito, Which Inwested In Korean-Speaging Staffa Campaigns and Subsequently Pumped After Its Upbit Listing.

The lesson? If your go-to-market Strategy Starts “Get Listed, Dump Tokens,“ Don’t Expect Korean USERS TO PLAY ALONG.

“Even if your goal is to exit a korean exchange,” Park SAID, “THEN at the Very Least, Respect the Korean USERS, Encouroge Their Participation, and Acknowledge.

Token Listings Driven by the Community Are Possible, But They’re Fragile.

“A LISTING STRATEGY FOCUSED PURELY ON SHORT-TRIM LIQUITY WILL ALWAYS HAVE ITS LIMITS,“ PARK SAID. “WITHOUT A PLAN TO BUILD LASTING TRUST, EVEN The MOST Explosive Momentum Will Eventual Burn Out.”

Because in Korea, Authenticity Isn’t A Vibe. It’s The Price of Admissions.

Market Movements:

• BTC: Bitcoin Rose 1.46% to $ 107.600 As A Ceasefire and $ 514M in Institutional Buying Fueled a Rebound from Sub- $ 100k, With Strong Support at $ 107K and The CD20 UPEEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEX UPEEX UPEEX UPEEX UPEEX UPEEX UPEEX UP.
• Eth: Ethereum Rose 1.42% to $ 2,425.53, Rebounding from Recent Lows As A Midle East Ceasefire and Continued Whale Accuumulation Boosted Market Sentiment and Helped Defende Defende Coindesk Research’s Technical Analysis Model.
• GOLD: Gold Edged Up to $ 3.340.90 and Silver to $ 35.79 As Markets Digged The israel-Iran Ceasefire and Lingering Global Tensions Pose risks.
• Nikkei 225: Asia-Pacific Markets operated mixed thursday as investors Weighed the israel-Iran Ceasefire, with Japan’s Nikkei 225 Up 0.4%.
• S&P 500: US Stock Futures Were Flat Wednesday with The S&P 500 Near Record Highs, But Analysts Warned that Geopolitics or Black Swan Events Could Halt The Rally.

Elsewhere in Crypto:

• TETHER CEO PREDICS ONE TRILLION AI AGENTS WILL USE BITCOIN AND USDT FOR TRANSACTIONS WITHIN 15 YEARS (The BLOCK)
• Animoca Brands’ Flagship Project Moca Network to Debut L1 for Digital Identity (Coindesk)
• Leading Crypto Senator Sees End of Year As US Legislation Target (Coindesk)