Asia Morning Briefing: Eth On-Chain Metrics Signal Potential Bull Run Ahead

KEEP An EYE ON

is what Fund Manager March Zheng is Telling Investors.

As asia begins it Business Day, Eth is Trading Above $ 2,500, Down 0.4%. While this might not seem like a lot in the volatile world of crypto, ethh has been defied the Odds and is ups 40% on-month, which is impressive beece

and Decentralized Finance Lending Protocols Like

. The Latter’s Performance Has Helped Push Up total Value Locked (TVL) in Ethereum Past $ 60 Billion.

Zheng, The CO-FOUNDER AND MANAGING PRARNER OF BIZANTINE CAPITAL, IS BULLISH ON Eth Becauuse he argues that ethereum might dominate as the primer-layer blockchain duer. thanks to the recent pectra upgrade, and person’s Lower Inflation Rate Than Bitcoin

.

“IT May Be Reaching An Inflection Point Where Both of these Leads Continue to Grow,” Zheng Said in A Note to Coindesk. “It Will Be a Very Interesting Year.”

Still, there are potential limits to eth’s growth Story this year. Bettors on Polymarket Are Only Giving IT A 26% CHANCE OF BREAKING ITS All-Time High of $ 4.868 In November 2021.

Meanwhile, Coindesk Market Insight Bot Notes Institutes Interest in Ethereum Is Growing Sharply, with Exchange Balances Drops Signaling Bullish Long-Term Accumulation.

(Coindesk)

Enterprises Are Shying Away from Decentralized AIArtificial Intelligence Tokens Are One of the Year’s Growth Stories, with The Market Cap of the Token Category Worth Over $ 27 Billion Accounting To Coingcko Data.

But There’s A Problem, As Analyst Teng Yang From The Crypto-Ai Research House Chain of Thought Argued in a Thread on X.

The Decentralized Compute Infrastructure, Known As DeCentralized Compute Networks (DCN) Needed to Make Decentralized AI AI AI, ISN’T KEEPING PACE.

In semianosis’ March 2025 Rankings of GPU Cloud Providers, Decentralized Compute Platforms Barely Registered. Only Akash and Prime Intellect appeared, Stuck at the Very Bottom of the List.

MOST DECENTRALIZED PLATFORMS DIDNN’T EVEN MAKE The CUT, UNDERSCORING The DEEP Challenges these Projects Face in Competing with Centralized Hyperscalers Like Aws Or Google.

Coordination, The Ability to Organize Scatted Computing Resources Into A Seamless Service, Remains A Critical Weak Spot.

Unlike Centralized Services, Decentralized Platforms Struggle with Basic Tasks Such as Predictable Job Routing, Efficient Data Transfers, And Built-Inn Fault Talent. To the StreamLined Function of Kubernetes or Slurm – Software Tools that Enterprises use to easily Manage and Schely Large Computing Tasks.

Security and Technical Reliability Present Additional Hurdles. MOST DECENTRALIZED NETWORKS LACK Essential Certifications, Such As Soc2 or Iso 27001, Leaving Their Systems Prone to Fragile Networking, Story

As yan notes, Decentralized Networks Suffer from Dashboards that Feel Cumbersome, Unclear Payment Systems, and Confusion Onboarding Processes, Failing The StraightForward “SPIN-SPIND” SPINDRAPRAPRAPRAP Expect.

Finally, Economic Sustainability Remains Elusion. Current Decentralized Networks Are Overly Reliant on Tempury token Incentives, Risking Collapsse Who Emissions Slow Down OR Halt Altogether. Aethir’s Token, After All, Is Up 70% in The Last MONTH WHICH Adds Inflationary Pressures if Someone Is Subscribing to Cloud Services Denominated in Ath – ITS EPONYMUS TOKEN.

Yan Argues Decentralized Platforms Don’t Need to Entirely Replace AWS, Butathy at Least Be Stable, Economical, and Easy Econom to Compete Meaningfully. Until Ten, The Ambitious Growth of Decentralized AI Will Remain Dependent on Centralized Computing Infrastructure.

News RoundupTrump Organization Says $ Trump Wallet Isn’t ThemThe Trump Organization Has Distanced Itelf from A Newly AnnunCed Cryptocurrency Wallet Called Theater Reported.

A SpokesPerson Stated Unequivocally That Organization “Knows Nothing” About The Wallet, Contradicting AnnounCements Made by Magic Eden Ceo Jack Lu, Who Had Co.C. Donald Trump Jr. and Barron Trump Separalate Clarified that Trump Organization has “Zero Involvement,” AlhoUGH Trump Jr. Mentioned A ForthoComing Official Wallet from World Liberty Financial, A Separate Stablecoin Project Associated with the Family.

The $ Trump Wallet’s Website is Currently Active, Inviting Users to A Waitlist While Promising Digital Asset Trading Features, Yet Provides No Substantial TECHNICAL DETAILSE. The Confusion AROUND OF THE PROJECT HIGHLIGHLIGHTS TRUMP’S CONTROVersial But Ongoing Entanglement With Crypto Melania coin.

Revolut Could Soon Offer Crypto DerivativesRevolut is Exploring An Expansion Into Cryptocurrency Derivatives, As Indicated by a New Job Listing Seneking A General Manager to Launch and Scale A Reported.

This Development Follows the Successful Rolllout of Its Professional-Focused Crypto Exchange, First in the UK In May 2024 and Later Across The European Union.

The UK Market for Crypto Derivatives Has Recently Gained Traction, Highlighted by the Launch of GFO-X, The Country’s First fca-relayed, Centrally-Clared Derivatives PLATIVES PLATIVES PLATIVES PLATIVS. Additionally, Galaxy’s UK Subsidiary, Led By Mike Novogratyz, Received FCA Approval in April, Position ITSELF TO COMPETE IN THE GROUWING MARKET SEGMENT.

Market Movements:

• BTC: Bitcoin Rose 2% Above $ 105k, Buoyed by Microstrategy’s Aggressive $ 84 Billion Bitcoin Acquisification Plan
• Eth: ETH ESTABLISHED A CLEAR UPTROND AMID STRONG VOLUME SPIKES, FAIING FIRM Resistance AT $ 2 2.651 and Solidifying Support Near $ 2.618- $ 2.620.
• GOLD: Gold Dipped 0.51% to AUND $ 3.356 per oOUNCE TUESDAY as a rebounding dollar and rising US Job Openings Prompted Traders to Rotate Into Riskier Assets.
• Nikkei 225: Japan’s Nikkei 225 Rose 0.83% Wednesday, Leading Asia-Pacific Markets Higher After Wall Street’s Tech-Driven Rally Powed BY NVIDIA.
• S&P 500: The S&P 500 Climbed 0.58% Tuesday to 5,970.37, Boosted by Nvidia Gains and Investor Optimism Over US Trade Deals, As Deutsche Bank Raised ITS Year-End Target to 6.550.

Elsewhere in Crypto:

• WHY A BITCOIN Treasury Strategy Is Risky: Analyst (Decrypt)
• Stablecoin Bills in House and Senate Still Need to Mesh on Several Points: French Hill (Coindesk)
• Pump.Fun Plans $ 1b Token Sale at $ 4b Valuation: Sources (BlockWorks)
• France Charges 25 People, Including 6 Minors, In Crypto Kidnaping Cases (Coindesk)
• How Hype Surged On Hyperliquid’s Growing Perpetual Futures Stardom (Decrypt)