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Asias – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Tue, 14 Oct 2025 04:26:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png Asias – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 Beyond Bitcoin: How Asia’s new crypto playbook is breaking from the west https://cryptocurrencypanther.com/2025/10/14/beyond-bitcoin-how-asias-new-crypto-playbook-is-breaking-from-the-west/ https://cryptocurrencypanther.com/2025/10/14/beyond-bitcoin-how-asias-new-crypto-playbook-is-breaking-from-the-west/#respond Tue, 14 Oct 2025 04:26:33 +0000 https://cryptocurrencypanther.com/2025/10/14/beyond-bitcoin-how-asias-new-crypto-playbook-is-breaking-from-the-west/

Beyond Bitcoin: How Asia's new crypto playbook is breaking from the west

  • A reported $600 million BNB fund signals a shift in Asia’s crypto strategy.
  • Asian institutions are favoring ‘infrastructure tokens’ over store-of-value.
  • The West tokenizes TradFi, while the East builds crypto-native liquidity.

On the surface, it looks like a straightforward bet on a crypto behemoth.

The reported plan by China Renaissance to raise 600 million dollars for a BNB-focused investment vehicle, with Binance founder Changpeng Zhao’s own YZi Labs investing alongside, seems like a simple vote of confidence in the world’s largest crypto exchange.

But according to some of the market’s sharpest observers, this is something far deeper: a clear and powerful signal that a great divergence is underway, a fundamental split in how the East and the West are choosing to build their crypto empires.

A tale of two strategies: The great divide

While Western markets have been laser-focused on tokenizing traditional finance—turning Treasuries, funds, and real-world assets into digital tokens—a different playbook is being written in Asia.

According to the Singapore-based market maker Enflux, the China Renaissance move is a prime example of a broader and more profound strategic shift.

“Regional capital allocators are seeking exposure to infrastructure tokens that drive transaction flow, not just store-of-value assets,” Enflux said in a note to CoinDesk.

This ties into the broader shift where Asian capital markets are building out their own layer of crypto-native liquidity networks while Western markets tokenized TradFi.

Value in motion, not just in scarcity

The logic behind this divergence is both simple and powerful: in the long run, value should be captured not just by scarcity, but by activity.

Assets like BNB are the perfect embodiment of this philosophy. While Binance is not a publicly traded company, its BNB token serves as a powerful proxy, its value a direct reflection of the market’s confidence in the health and activity of the entire Binance ecosystem.

This is not an isolated trend. The recent move by Tron to create a publicly listed company is another key example.

The goal is to give investors direct, regulated exposure to the activity on the TRX network, a bustling hub for USDT transactions across Latin America.

It is a bet on the utility and the velocity of the network, not just the static value of its native token.

The blueprint for a new financial architecture

If this thesis is correct, then the China Renaissance fund is more than just a new investment vehicle; it is an early blueprint for the next generation of institutional products in Asia. These are not funds designed to simply hold digital gold.

They are permanent capital vehicles designed to own the very pipes of the crypto economy.
The message is clear.

While the West is focused on bringing the old world onto the blockchain, the East is increasingly focused on building a new world, with its own native financial architecture.

The great game of crypto is no longer being played by one set of rules; it has become a tale of two very different, and potentially competing, visions for the future.

Market movement

BTC: Bitcoin is trading above 114,500 dollars, holding relatively flat as the market finds its footing and stabilizes after the volatility of the previous weekend.

ETH: Ethereum has risen 1.5 percent to 4,230 dollars as network activity shows signs of picking up, a move of resilience that comes even as US-listed Ethereum ETFs saw 118 million dollars in outflows.

Gold: Gold has surged 2 percent to a new record of 4,103 dollars an ounce. The powerful move is being driven by renewed US-China trade tensions and the growing expectation of further Federal Reserve rate cuts, which are sending investors fleeing toward safe-haven assets.



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Sora Ventures Unveils Asia’s First Bitcoin Treasury Fund With $1B Purchase Plan https://cryptocurrencypanther.com/2025/09/05/sora-ventures-unveils-asias-first-bitcoin-treasury-fund-with-1b-purchase-plan/ https://cryptocurrencypanther.com/2025/09/05/sora-ventures-unveils-asias-first-bitcoin-treasury-fund-with-1b-purchase-plan/#respond Fri, 05 Sep 2025 10:47:51 +0000 https://cryptocurrencypanther.com/2025/09/05/sora-ventures-unveils-asias-first-bitcoin-treasury-fund-with-1b-purchase-plan/

Sora Ventures has announced the launch of Asia’s first Bitcoin treasury fund. The fund aims to acquire $1 billion in BTC over the next six months. Sora Ventures Launches $1 Billion Treasury Fund According to BitcoinMagazine, Sora Ventures has unveiled plans for a $1 billion Bitcoin treasury fund during Taipei Blockchain Week. The plan is

The post Sora Ventures Unveils Asia’s First Bitcoin Treasury Fund With $1B Purchase Plan appeared first on CoinGape.



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Asia’s Bitcoin Giant Metaplanet Adds 780 BTC in Massive Crypto Bet https://cryptocurrencypanther.com/2025/07/28/asias-bitcoin-giant-metaplanet-adds-780-btc-in-massive-crypto-bet/ https://cryptocurrencypanther.com/2025/07/28/asias-bitcoin-giant-metaplanet-adds-780-btc-in-massive-crypto-bet/#respond Mon, 28 Jul 2025 11:07:59 +0000 https://cryptocurrencypanther.com/2025/07/28/asias-bitcoin-giant-metaplanet-adds-780-btc-in-massive-crypto-bet/

According to reports, Japanese investment firm Metaplanet has just added 780 Bitcoin to its stash. The move brings the company’s total holdings to over 17,000 BTC, worth about $1.73 billion at today’s prices.

The move marks another big step for Asia’s largest public Bitcoin holder and underlines how seriously the firm is treating crypto.

Related Reading

Metaplanet Boosts Bitcoin Holdings

Metaplanet paid an average of $118,622 per coin for this batch, spending nearly $93 million in the deal. Based on figures shared by CEO Simon Gerovich, the year‑to‑date yield on its Bitcoin portfolio sits at 450% as of July 28, 2025.

The firm’s average cost across all 17,132 BTC now stands at $101,030 per coin. This latest purchase follows a similar buy of 797 BTC earlier this year, when prices hovered near $122,000.

A Challenge To The Big Player

Michael Saylor’s firm, Strategy, still holds the crown as the largest public holder of Bitcoin. Strategy owns 607,770 BTC, valued at about $72 billion. That makes Metaplanet seventh on the list of public companies with Bitcoin, but the gap looks set to narrow if Metaplanet keeps buying at this pace.

Stock Price Reacts To The Purchase

Shares of Metaplanet jumped 5% immediately after the announcement. The stock closed at 1,241 yen, even though it has slipped 7% over the past five days and 17% in the last month.

Investors seem to welcome the aggressive strategy, though they’re also aware that swings in Bitcoin’s price can push the share price up or down quickly.

Bitcoin is currently trading at $118,965. Chart: TradingView

Climbing The Ranks Of Bitcoin Holders

Metaplanet aims to hold 210,000 BTC by the end of 2027. If it stays on track, the company could soon leapfrog the likes of Tesla, CleanSpark and Galaxy Digital—firms it already passed to reach fifth place at one point.

Based on public data, Bitcoin Standard Treasury Company and Trump Media currently sit in fourth and sixth spots, showing how the leaderboard keeps shifting as new buyers step in.

Related Reading

Based on this trend, Metaplanet is staking its future on Bitcoin’s growth. It’s a bold plan and one that carries risk if crypto prices dip.

Yet for now, the firm’s big buys and a nearly 450% return this year make it clear that Metaplanet sees Bitcoin as a core part of its strategy. As more companies pile in, Asia’s role in the world of institutional crypto is only getting stronger.

Featured image from Getty Images, chart from TradingView





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Just In: Asia’s Metaplanet Adds 780 Bitcoin As MicroStrategy Signals New Purchase https://cryptocurrencypanther.com/2025/07/28/just-in-asias-metaplanet-adds-780-bitcoin-as-microstrategy-signals-new-purchase/ https://cryptocurrencypanther.com/2025/07/28/just-in-asias-metaplanet-adds-780-bitcoin-as-microstrategy-signals-new-purchase/#respond Mon, 28 Jul 2025 04:57:47 +0000 https://cryptocurrencypanther.com/2025/07/28/just-in-asias-metaplanet-adds-780-bitcoin-as-microstrategy-signals-new-purchase/

Metaplanet, Asia’s largest public Bitcoin holder, has made headlines one again with a significant addition to its BTC portfolio. The Japanese investment firm has added 780 Bitcoin to its holdings, bringing its total to 17,132 BTC, valued at approximately $1.73 billion. With this latest acquisition, Metaplanet cements its status as a major player, positioning itself

The post Just In: Asia’s Metaplanet Adds 780 Bitcoin As MicroStrategy Signals New Purchase appeared first on CoinGape.



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Wiki Finance Expo Hong Kong 2025: Asia’s premier fintech and web3.0 summit returns on March 27 https://cryptocurrencypanther.com/2025/02/13/wiki-finance-expo-hong-kong-2025-asias-premier-fintech-and-web3-0-summit-returns-on-march-27/ https://cryptocurrencypanther.com/2025/02/13/wiki-finance-expo-hong-kong-2025-asias-premier-fintech-and-web3-0-summit-returns-on-march-27/#respond Thu, 13 Feb 2025 17:10:52 +0000 https://cryptocurrencypanther.com/2025/02/13/wiki-finance-expo-hong-kong-2025-asias-premier-fintech-and-web3-0-summit-returns-on-march-27/

The highly anticipated Wiki Finance Expo Hong Kong 2025 is set to take place on March 27, 2025, at The Sky 100 Hong Kong Observation Deck, International Commerce Center (ICC). As the largest and most influential Fintech and Web3.0 event in Asia this year, Wiki Finance Expo Hong Kong 2025 promises to deliver a remarkable and rewarding summit for the industry.

This year’s event promises to be bigger and better than ever, with a record 7,000 delegates expected to attend and 3,000 companies planning to participate.

Event Details

  • Date: March 27, 2025

  • Time: 9:00 AM – 6:00 PM

  • Venue: The Sky 100 Hong Kong Observation Deck, International Commerce Center (ICC)

  • Focus Areas: Fintech, Web3.0, Crypto, Forex, Payments, AI, Metaverse, NFTs

  • Registration & Tickets: Free of charge

  • Registration Link: https://www.wikiexpo.com/HongKong/2025/en/index.html?c=Bf34Yo8a

Why Attend?

Wiki Finance Expo Hong Kong 2025 is poised to surpass all previous benchmarks, with over 7,000 attendees and 3,000 participating companies. This year’s Expo offers:

  • Expanded Scale: A significant increase in attendees and exhibitors, making it the largest event of its kind in Asia.

  • Elite Networking: An unparalleled opportunity to connect with industry leaders, forge new partnerships, and establish lasting connections.

  • Insightful Discussions: Engage with over 50 esteemed speakers sharing groundbreaking perspectives on the future of finance.

  • Innovative Exhibits: Discover cutting-edge technologies and solutions from 80+ exhibitors revolutionizing the financial landscape.

Past Speakers at Wiki Finance Expo Global:

  • Dominic Williams, Founder & Chief Scientist, DFINITY Foundation

  • Evan Auyang Chi-chun, Group President, Animoca Brands

  • Justin Sun, Founder – TRON, Member – HTX Global Advisory Board

  • Reeve Collins, Co Founder – Tether

  • Jun Du, Founder, SINOHOPE & ABCDE Capital

  • Alvin Hu, Managing Director, Head of Key Account, KuCoin Exchange

  • Kevin Lee, CEO, Gate.HK

  • Mario Nawfal, CEO, IBC Group

  • Julian Tehan, CCO, BitMEX

  • Hasnae Taleb, Managing Partner, Mintiply Capital, The Shewolf of Nasdaq by Nasdaq Stock Market

  • Mayoon Boonyarat, Director Revenue Tax Policy Division, Ministry of Finance of Thailand

  • John Riggins, Partner, BTC Inc

  • John Patrick Mullin, Co-Founder, MANTRA

  • Weronika Marciniak, CEO, Future is meta

  • Emomotimi Agama, Fellow, U.S. SEC & IFC – Milken Institute, Managing Director, Nigeria SEC/NCMI

  • Loretta Joseph, Policy Consultant, The Commonwealth, Chairman, ADFSAC

  • Dr. Florian M Spiegl, Appointed Member, (HK) SFC – FinTech Advisory Group, Founder & CEO, EVIDENT, Lecturer, HKU – Faculty of Business and Economics

  • Brian Norman, CFO – Auros, Co-Chair Web3 & Blockchain committee – FinTech Assoc HK

  • Stratos Pourzitakis, PhD, Head of Digital Policy APAC, HSBC

  • Bugra Celik, Director, Digital Assets | Global Private Banking & Wealth, HSBC

  • Simon Callaghan, CEO, Blockchain Australia

  • Hassan Ahmed, Country Director, Coinbase Singapore

Join us at Wiki Finance Expo Hong Kong 2025 as we embark on an exhilarating journey to explore and shape the future of fintech. This is your chance to be at the forefront of the industry’s most transformative trends, surrounded by like-minded professionals eager to make a difference. Don’t miss out on this exclusive opportunity to connect, recharge, and redefine the future of fintech. Secure your spot now by registering through the event link provided. And don’t forget to spread the word. See you there!

About Wiki Finance Expo

Wiki Finance Expo is the world’s leading financial exhibition and fintech conference brand, holding large summits annually in Singapore, Sydney, Dubai, Hong Kong, and Bangkok. The event gathers and connects global high-quality resources for exhibitors and participants, including enterprises, start-ups, project owners, investors, and practitioners in the fields of blockchain, fintech, and forex.



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Cardano Founder Charles Hoskinson: Japan To Become Asia’s Crypto Leader if US Makes First Move – CCN.com https://cryptocurrencypanther.com/2024/10/08/cardano-founder-charles-hoskinson-japan-to-become-asias-crypto-leader-if-us-makes-first-move-ccn-com/ https://cryptocurrencypanther.com/2024/10/08/cardano-founder-charles-hoskinson-japan-to-become-asias-crypto-leader-if-us-makes-first-move-ccn-com/#respond Tue, 08 Oct 2024 13:06:47 +0000 https://cryptocurrencypanther.com/2024/10/08/cardano-founder-charles-hoskinson-japan-to-become-asias-crypto-leader-if-us-makes-first-move-ccn-com/

Cardano Founder Charles Hoskinson: Japan To Become Asia’s Crypto Leader if US Makes First Move  CCN.com



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Asia’s MicroStrategy Metaplanet Buys 107 Additional Bitcoins Just Before Uptober Rally Kickstarts https://cryptocurrencypanther.com/2024/10/01/asias-microstrategy-metaplanet-buys-107-additional-bitcoins-just-before-uptober-rally-kickstarts/ https://cryptocurrencypanther.com/2024/10/01/asias-microstrategy-metaplanet-buys-107-additional-bitcoins-just-before-uptober-rally-kickstarts/#respond Tue, 01 Oct 2024 05:05:27 +0000 https://cryptocurrencypanther.com/2024/10/01/asias-microstrategy-metaplanet-buys-107-additional-bitcoins-just-before-uptober-rally-kickstarts/

On Tuesday, Asia’s MicroStrategy Metaplanet announced the purchase of 107 Bitcoins to its kitty just as the crypto market kickstarts Q4 on an optimistic note with investors eyeing a Bitcoin Uptober rally. Over the past few months, the Japanese-listed firm has been consistently buying Bitcoins by adopting MicroStrategy’s playbook to add BTC to the balance sheet.

Metaplanet Bitcoin Buying Spree Continues

In its latest disclosure, Metaplanet said that it had infused an additional 1 billion Yen to make fresh BTC purchases while the BTC price traded 1.32% down at $63,657 levels with a market cap of $1.257 trillion. With today’s purchase, the Japanese firm took its total BTC holdings to more than 500 with a total investment value of 4.75 billion Japanese Yen. This is also the first Bitcoin buying from the company following the Fed rate cut announcement in September.

Soon following the announcement, the Metaplanet stock price surged 3.63% currently trading around 1,027 levels. The stock price is trading at 540% year-to-date gains, however, it’s still trading at a 66% discount from its 2024 high of 3,000 in May when the company announced its Bitcoin purchase for the very first time.

Bitcoin closed September with nearly 8% gains making it one of the best September’s over the past decade. However, the bulls failed to hold above the crucial resistance level of $65,000 with Bitcoin and altcoins falling sharply on Monday. Bohan Jiang, head of OTC options trading at Abra said:

“Selling flow was driven mainly by profit taking via active spot selling on exchanges as well as new shorts entering the market with open interest in BTC increasing in the perpetual futures market”.

Investors Looking Forward to Bitcoin Uptober Rally

There’s a lot of excitement in the crypto market as we begin the most bullish fourth quarter for Bitcoin and the overall crypto market. More importantly, this backed by positive macro indicators and rising money supply can make things a lot more interesting.

Fed officials are mulling another 50 bps interest rate cut that can send BTC rallying to $70,000. Market analysis reveals that October has historically been a positive month for the markets, with 80% of all Octobers showing gains. Additionally, in election years, October, November, and December have all posted gains 100% of the time. Thus, with strong indicators of the upside, Metaplanet, MicroStrategy, and others look to build up their stash before the bull run begins.

As the global M2 money supply keeps increasing, Bitcoin investors are expecting a minimum rally to $90,000 levels before the year-end.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Hong Kong Stock Exchange Sets Date For Asia’s First Bitcoin Inverse Product https://cryptocurrencypanther.com/2024/07/19/hong-kong-stock-exchange-sets-date-for-asias-first-bitcoin-inverse-product/ https://cryptocurrencypanther.com/2024/07/19/hong-kong-stock-exchange-sets-date-for-asias-first-bitcoin-inverse-product/#respond Fri, 19 Jul 2024 14:17:51 +0000 https://cryptocurrencypanther.com/2024/07/19/hong-kong-stock-exchange-sets-date-for-asias-first-bitcoin-inverse-product/

The Hong Kong Stock Exchange (SEHK) will launch Asia’s first BTC inverse product on Tuesday, July 23. This coincides with the iconic Spot Ethereum ETF launch scheduled for the same day in the U.S. The innovative inverse product, managed by CSOP Asset Management Limited, aims to provide sophisticated investors with a new tool for short-term trading or hedging.

Overview Of The CSOP Bitcoin Futures Daily Inverse Product

Hong Kong’s CSOP Bitcoin Futures Daily (-1x) Inverse Product is a futures-based investment vehicle. It targets the inverse (-1x) of the daily performance of the S&P BTC Futures Index. This means that if the index declines, the product aims to increase in value, and vice versa.

The product achieves this by investing in short positions of BTC futures traded on the Chicago Mercantile Exchange (CME). This includes both standard and micro BTC futures.

The product is managed by CSOP Asset Management Limited, with HSBC Institutional Trust Services (Asia) Limited serving as the trustee. The product has an annual average daily ongoing charge of 2.00% and an estimated annual average daily tracking difference of -0.05%. The financial year ends on December 31, and any potential distributions are at the manager’s discretion, with no guarantee of regular distributions.

Key features of the product include:

1. Denomination and Trading: The product is denominated in USD, but it is traded on the SEHK in HKD. Creations and redemptions are conducted in USD.

2. Short-Term Investment: This product is designed for daily trading. Holding the product longer than a day could result in performance deviations from the intended inverse performance.

3. Sophisticated Investor Target: The product is aimed at sophisticated trading-oriented investors who understand the risks and monitor their investments daily.

4. Risks: Investors should be aware of the extreme price volatility associated with Bitcoin futures, potential large roll costs, operational risks, and the possibility of losing their entire investment in a single day due to these factors.

Also Read: BTC Price: Institutions Bet Big On $100,000 Bitcoin Call Options

Launch Significance

The launch of the CSOP BTC-based inverse product marks a significant milestone for the SEHK and the broader Asian financial markets. Moreover, as the first of its kind in Asia, it provides investors with a unique opportunity to bet against the price of BTC using a regulated financial instrument.

Recently, Bitcoin and other cryptocurrencies have seen unprecedented volatility. This attracted both interest and caution from investors worldwide. Hence, the CSOP Bitcoin Futures Daily (-1x) Inverse Product allows investors to potentially profit from declines in the BTC price

This acts as a hedging tool against market downturns. This can be particularly valuable in a market characterized by high volatility and rapid price movements. However, the product is not without its risks.

The extreme volatility of BTC futures means that the product’s value can fluctuate significantly in a short period. Historical data suggests that the value of the product could drop by over 20% in a single day, underscoring the importance of careful, informed trading.

Also Read: Standard Chartered, Animoca Brands Enter Hong Kong Stablecoin Sandbox

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Kritika boasts over 2 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Asia’s Bitcoin Volatility Linked To Algos Tracking ETF Flows https://cryptocurrencypanther.com/2024/04/03/asias-bitcoin-volatility-linked-to-algos-tracking-etf-flows/ https://cryptocurrencypanther.com/2024/04/03/asias-bitcoin-volatility-linked-to-algos-tracking-etf-flows/#respond Wed, 03 Apr 2024 08:52:46 +0000 https://cryptocurrencypanther.com/2024/04/03/asias-bitcoin-volatility-linked-to-algos-tracking-etf-flows/

Recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that monitor flows in US exchange-traded funds (ETFs). According to Bloomberg, this algorithmic trading response to daily US ETF flow data is causing pronounced swings in Bitcoin prices during Asian trading hours.

Trading Algos Spoil The Bitcoin Price

The trigger for Bitcoin’s steep decline, marking its worst drop in a month, was observed on Tuesday morning in Asia. This downturn coincided with the release of US ETF flows data, which indicated a net withdrawal of investments.

Shiliang Tang, president of Arbelos Markets, highlighted the impact of algorithmic trading on these market movements. “From an algorithmic trading perspective, bots can basically auto-scrape this data and buy and sell based on this,” Tang explained. “It seems that’s basically what is happening.”

The introduction of several Bitcoin ETFs in the United States on January 11 has since attracted a net $12 billion in investments. These ETFs experienced a surge in inflows, especially in the first half of March, propelling Bitcoin to a record high of $73,798. However, the premier cryptocurrency has seen a decline of up to 17.6% from this peak, amidst fluctuating inflows and outflows within the sector.

This pattern of flows has notably impacted the Asian market’s returns, with February and early March witnessing particularly strong performance, which diminished later in the month. The influence of algorithmic protocols on Bitcoin’s price not only affects the spot market but extends to derivatives as well, with Coinglass reporting about $357 million in bullish crypto bets being liquidated on Tuesday alone.

Charlie Morris, Chief Investment Officer at ByteTree Asset Management, pointed out the significance of ETF flows for Bitcoin compared to gold, noting that 5.5% of Bitcoin is held in ETFs, against 1% for gold. This makes ETF flows a more critical factor for Bitcoin’s market movements.

Market participants like Jakob Kronbichler, co-founder of Clearpool Finance, emphasize the market’s responsiveness to ETF flow data and suggest the recent correction as a natural pause for the market to “take a bit of a breather” amidst widespread excitement.

Spot ETFs Rake In $40 Million

Yesterday, all spot Bitcoin ETFs experienced an inflow totaling $40.3 million, primarily due to Blackrock’s significant contribution of $150.5 million, which played a crucial role in boosting the market. On the contrary, ARK faced a challenging day with $87.9 million in outflows, despite having $200 million inflows the previous week. Grayscale’s GBTC saw rather low outflows, amounting to $81.9 million.

Renowned analyst WhalePanda commented: “Maybe profit taking after Q1? Speculation though. […] Mondays always seem to have the most outflows and wondering if end of Q1 had something to do with it as I suspect. Price crashed further on US government moving/selling some of the BTC from Silk Road. Better to sell here than at $100k or $200k. 17 days until halving.”

At press time, BTC traded at $66,398.

Bitcoin price
BTC price, 4-hour chart | Source: BTCUSD on TradingView.com

Featured image created with DALL·E, chart from TradingView.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



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Hedera Drives Launch of Asia’s First Digital Carbon Registry, GCR https://cryptocurrencypanther.com/2023/08/28/hedera-drives-launch-of-asias-first-digital-carbon-registry-gcr/ https://cryptocurrencypanther.com/2023/08/28/hedera-drives-launch-of-asias-first-digital-carbon-registry-gcr/#respond Mon, 28 Aug 2023 20:23:46 +0000 https://cryptocurrencypanther.com/2023/08/28/hedera-drives-launch-of-asias-first-digital-carbon-registry-gcr/

With Asia-Pacific responsible for over half the world’s CO2 emissions, the urgent call for a local carbon registry was resounding. Answering this, Carbonbase, partnering with the HBAR Foundation and ImpactX, has unveiled the Global Climate Registry (GCR). This digital platform promises to reshape the landscape of carbon credit tracking and emissions reduction.

Hedera Hashgraph Network Empowers GCR

Built on the Hedera Hashgraph network, the GCR ensures enhanced transparency. Additionally, it offers slight to medium developers a chance to shine and corporate buyers a clear view into their carbon credit investments. 

Max Song, the visionary behind Carbonbase, voiced his excitement.

“By leveraging the strength of both Hedera’s network and ImpactX’s innovative approach, we’re forging ahead into a new era for the carbon market,” said Song. Hence, this collaboration sets the stage for transformative changes in the climate-tech sector.

GCR Adheres to IEEE Standards

Moreover, the GCR’s standards align with the prestigious Institute of Electrical and Electronics Engineers (IEEE). Consequently, this adherence guarantees the credibility of climate impact reporting, a critical factor in today’s eco-conscious world. Kartik Kulkarni of IEEE commended the joint effort, recognizing its potential for fostering cost-effective, high-impact climate initiatives.

Wes Geisenberger of the HBAR Foundation highlighted GCR’s unique proposition. “Imagine a world where our planet’s ledger is public and transparent. That’s the revolution GCR brings to the table,” he remarked. Furthermore, Karen Robbins from ImpactX reiterated the importance of a seamless digital experience for carbon credit developers and buyers.

The GCR’s release symbolizes a more sustainable future, which is more than a technical achievement. By creating this database, the Asia-Pacific region will be better positioned to significantly lead the international effort to combat climate change.

Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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