“Plus: Dex Volume Has Nearly Doubled in the Last Year.”, – WRITE: www.coindesk.com
IS Trading At $ 109.7k As The Wednesday Trading Day Begins in Asia, Accounting To Coindesk Market Data.
While the World’s Largest Digital Asset is Trading Flat in the Early Hours of the Session, Coindesk Market Data Shows that It’s Up 4% on the Week.
An Expectioned Bank of Japan Rate Cut Isn’t Doing That Much to MOVE The Market, Even Thought A Low Interest Rate Policy Is Usual What Drives Risk-on Sentiment and Positively Impaki Impacti.
One Metric to Watch Insthead is the ‘Coinbase Premium’. Tracked by Cryptoquant, It Measures of the Price Differentnce Between Btc on Coinbase Pro (USD) and Binance (USDT), Demonstration The Dollar Demand for Bitcoin
(Cryptoquant)
“The Coinbase Premium is Gradurally Rising, Indicating That Buying Pressure from UsStors Is Supporting The Trend,” Cryptoquant Analysts Wrote in a Recent Update. “Additionally, WHALE BUYING ACTIVITY IS BEING OBSERVED INCREMENTALLY.”
Part of this movement wound Include btc etf inflow, which have HAS HIT $ 386.27 Million so Far this Week, accounting to Sosovalue Data.
That being said, some Market Observers AreCerned that A staged ether exchange-traded Fund (ETF), WHICH May Be Close to Getting Approved, Could Put A Damper on Institute Bt.
YouWei Yang, Chief Economist at Bit Mining, Says That An etf That Gives Investors Access To Eth Yeld from Staking Wuld Be Something Btc etfs Can’at
“This has been created a lot of buzz, especialy considering Howch of Bitcoin’s Rally Was Fueled by Etf Hype,” Yang Said. “And let’s be honest: While There’s Speciala Soond Solana or Litecoin etfs, Ether Is Still The Only Other Crypto Crypto with On the Sidelines, Ready to Move Who the Timing Feels Right. ”
But for Now, It’s Still A Waiting Game. AT LEAST UNTIL THE BOJ’s MOVE IS Official, as the USual Crypto-Natives Like Artthur Hayes Are Counting on Btc Going Parabolic as A Result.
Dex Volume Has Nearly Doubled in Past YearCentralized Exchanges (Cexs) Have Always Had Their Eyes on DeCentralized Exchanges (Dexs) Since the Concept Took Off In 2018 with The Advent of Modern Automated Market Maker (Amm) Engines Product Category.
But as the year Continues, and Crypto Mergers and Acquisitions Heat Up Maybe there is a renewed interest in dexs, Considering the Massesive Jump in Volume on the Play.
(Messari)
Accorness to Data from Messari, In The Last Year, Trading Volume on Dexs Has Jumped from AROUND 6% OF ALL VOLUME TO 12%. In May, that Number Got Closer to 25% as Up-Economing Dex Hyperliquid Caunght the Eye of the Market, Including Crypto’s MOST AGGRESSIVE Traders.
But Are Dexs and Cex’s Competitors? No, Says Okx President Hong Fang.
Speaking with Coindesk Earlier Itar in the Run-Up to Consensus Hong Kong, Fang Said that Two Are Complementary.
“The Crypto-Native Audence Will Will to Be ABLE TO Use Cex for Reliability and Dex for Catching Innovations,” She SAID at the TIME. “SUCH SUPPLIMAND DYNAMICS WILL DRIVE FURTHER ADOPTION OF DEX TO ENABLE INNOVATION While Supporting the Gradual Maturity of the Crypto Regulatory Framework.”
News RoundupTrump’s CFTC Nominee Brian Quintenz Says Congress Key to Boosting Crypto Innovation and Consumer ProtectionBrian Quintenz, President Trump’s Nominee for Chairman of the Commodity Futures Trading Commission (CFTC), Emphasized at His Senate Confirmation Hearing of Congin Cengress Cell in Establis Innovation and Consumer Protection Simultaneously, Coindesk Previoously Reported.
Quintenz, Who Previoously Served As A CFTC Commissioner and Later as Head of Policy at Venture Capital Firm A16z, Argued that ForthoComing Market Structure LEGISLATION COURISLATION COURT Entrepreneurs While Maintening SafEGuards for Consumers.
Durying his confirmation, senators expressed consckerns about vacancies at the cftc -particularly the absent Presidential Discretion. HE ACKNOWLEDGED PETENTIAL Resource Needs Should the CFTC Become the Primary Regulator for Digital Commodities, Advocating A “Technology-FIRST Approach Predict Markets As Legitimate Tools for Hedging and Risk Management.
Aave is now on Sony’s Soneium
Aave has launched on soneium, an Ethereum Layer-2 Blockchain Supported by Electronics Giant Sony, Coindesk Previously Reported. This integration includes exploring Real-World Applications of Aave’s Decentralized Overcollateralized Stablecoin, Gho, Across Payments, Savings, and Digital Commerce.
Aave’s Involvement Will Extend to Liquidity Incentive Campaigns, Notably Partnering with Astar, A Significant Blockchain Player in Japan’s Web3 Scene, With A Dedicated ADP (MILLION)
Soneium already hosts a vibrant 7-Million user EcoSystem Featuring Prominent Platforms Like Uniswap V4, Velodrome, Stargate, And Lido, Alongside Natiosa An. Stani Kulechov, Aave Labs’ Founder, Emphasized Sony’s Global Trust and Soneium’s Consumer-Centric Approach Approach as Key Advantages, ALIGNING YOU
Market Movements
- BTC: BTC Trades Below $ 110K As Exchange Reserves Drop Sharply, Signaling Strong Accuumulation Amid Significant Short Liquidations.
- Eth: Ethereum Surged 6.9% to $ 2.803 Amid Triple-Average Trading Volume, Reflection Strong Institutional CONVICATION DRIVEN BY SIGNFICANT ETFLOWS AND BLACKROCKKKK’S SIZABLE ETH.
- GOLD: SPOT GOLD NEARD $ 3.350 Tuesday, Buoyed by Cautious Optimism Over US-CHINA TALKS DesPITE A FIRMER US DOLLAR.
- Nikkei 225: Asia-Pacific Markets Rose Wednesday amid Optimism Over “Productive” US-CHINA TRADE TALKS, WITH JAPAN’S NIKKEI 225 GINING 0.69% AT OPEN.
- S&P 500: The S&P 500 Gaeded 0.6% Tuesday, Approaching Record Highs Above 6,000, Buoyed by Investor Optimism on US-CCHINA TALKS AND TESLA’S Rise Amid Elon Musk’s.
Elsewhere in Crypto:
- Will Tariffs Be The Catalyst for Bitcoin’s Decoupling? (BlockWorks)
- BLOCKCHAIN INITIATIVES HAVE BEEN ADOPTED BY 60% OF Fortune 500 Companies: Coinbase Survey (Coindesk)
- Japan’s SBI HOLDINGS SAYS IT INVESTED $ 50 MILLION IN CIRCLE During IPO (The Block)
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