“Plus: US LAWMAKERS INTRODUCE Crypto Market Structure Bill.”, – WRITE: www.coindesk.com
Good Morning, Asia. Here’s What’s Making News in The Markets:Welcome to Asia Morning Briefing, A Daily Summary of Top Stories Durying Us Hours and An OverView of Market Moves and Analysis. For a detailed overview of US Markets, See Coindesk’s Crypto Daybook American.
Bitcoin (BTC) IS Trading Above $ 105k Asia Begins It Business Day, Down 1%.
In a note, Paris-Based Digital Assets Trading Firm Fladesk Wrote that the World’s Largest Digital Asset Was Moving Into A Tactical Posture with Price Consolidation.
“AS BTC Consolidates Near All-Time Highs, Altcoin Volumes and Liquidity Have Seen A Continued Meaningful Shift Upwards,” FlowDesk Wrote.
FlowDesk Notes that Bitcoin’s Valativity Continues to Decline Despite Looming Macroconomic Events That Typically Shake Up Markets.
With BTC Consolidating Near Itar ITS All-Time High, There’s A Noticeable Rise in Call Overwriting, FlowDesk Observed, As Traders Seek to Monetize PotentialDere.
“The Altcoin Rotration Continues, Etf Inflows Are Back, and Vol Positioning Reflects a Transition to More Tactical, Yield-Generation Strategies,” FlowDesk Concluded.
Meanwhile, Coindesk’s Market Insight Reported That Btc Faces Downside Risks After Hitting Strong Resistance Near $ 108.8k, But Ongoing Institutional Interest Maya.
House Republicans Unveil New Crypto Bill Giving CFTC Key Oversight Role
US HOUSE REPUBLICANS OFFICALLY INTRODUCED OF THE DIGITAL Asset Market Clarity Act, Coindesk Reported Thursday US Time, Their Latest Push to Regular Crypto Markets.
This 236-Page Bill, A Successor to the Earlier Fit21 Act, Gives The Commodity Futures Trading Commission Primary Oversight of Digital Commodity Markets, Establishes Clear and Clear Certain Decentralized Finance (Defi) Services from Securities and Exchange Commission (Sec) Oversight.
Flowing parallel to this, The Senate Remains Focused on Separate Bipartisan Stablecoin Legislation, WHICH IS FURTHER ALONG PROCEDURALYLY BUT Faces Ongoing Debate. With Committe Hearings Schereduled for Next Week, Lawmakers Will Publicly Discusses the New House Bill, Setting The Stage for Negotias that Coulders Shape US Crypto Regulation.
‘Crypto Mom’ Peirce Says Traders Need to Take Personal Responsability Hester Peirce, Chief of the US Securities and Exchange Commission’s Crypto Task Force, URGED CRYPTO INVESTORS AT BITCOIN Coindesk Reported Thursday from Btc Vegas.
Peirce Emphasized Consistency Among Libertarian-Minded Crypto Traders, Arguing that Those Who Demand Freedom Must ACCCUCTAPTABILITY FOR TheIR FINALLILATILATI Ventures like memecoins.
PEIRCE HIGHLIGTED Ongoing Efforts Under Republican Leadership to Clarify the Sec’s Jurisdification, Stating that MOST Crypto Tokens Aren’t Securities And Thus Request Involved with Securities. She Remoned Neutral on Companies Holding Digital Assets on Their Balance Sheets, Provides Proper Discalosure. Despite The Current Strides in Policymaking at the Sec, Peirce Noted that Establishing A Federal Crypto Regulator for Retail Trading Willd Necessitate CLEar Legislative Action.
Blockchain Founders Fund Surpasses 200 InvestmentsBlockchain Founders Fund (BFF), A Singapore-Based Venture Capital Firm Focused on Early-Stage Web3 and Blockchain Startups, Is Set To Announ Friday at Web Summit in Vancouver than 160 companies.
Founded in 2018, The Firm is Known for Supporting Projects Such as Shardeum, an Ethereum-Comopatible Blockchain Platform Utilizing Dynamic State Sharding, an Validation Cloud. Enterprises with Blockchain and Ai Technologies.
The Fund Announced in October That It Had Hit The 150 Mark for Investments.
Market Movements:
- BTC: Bitcoin Is Trading At $ 105.713 Asia Begins It Business Day, Having Fluctuated Between $ 105.682 and $ 108.927 Over The Last 24 Hours, Encountering Resistance Near. Momentum.
- Eth: Ethereum is up 6%, Peaking at $ 2,784 Before Stabilizing Near $ 2,650, As Strong Trading Volumes and Institutional Optimism Outweigh Broader Economic Uncerta.
- GOLD: GOLD IS UP 0.4%, Trading At $ 3.311, As The US Economy Shrunk 0.2% on Weaker Spending, Tariff Impacts.
- Nikei 225: Japan’s Nikkei 225 Droped 1.55% Asia-Pacific Markets Fell Friday Amid US Economic Slowdown, Inflation Concerns
- S&P 500: The S&P 500 CLOSED UP 0.4% at 5,912.17 Thursday, Boosted by Nvidia But Restrained by Investor Caution Amid Developments Surrounding Trump’s “Reciprocal” Tariffs.
Elsewhere in Crypto:
- SEC FILES TO DISMISIS LONG-RUNNING LAWSUIT AGAINST BINANCE (COINDESK)
- ‘MOST-REGED L1’: ARTHUR HAYES THINKS ETHEREUM COURCK
- Tokenized Equities Will Be ‘Bigger Than Stablecoins’: Backed CEO (Blockworks)
- Inside the $ 400 Million Coinbase Breach: An Indian Call Center and Teenage Hackers (Fortune)
- Russia Says Financial Institutions Can Offer Crypto-Linked Instruments to Qualified Investors (Coindesk)