Forwarded from Wu Blockchain News
According to FT, South Korean President Lee Jae-myung's support for won-pegged stablecoin policies has sparked a market frenzy. Related stocks such as Kakao Pay, LG CNS, Aton, and ME2ON surged sharply, with the Kospi index up nearly 30% year-to-date, reaching a four-year high. South Korea has become Asia’s best-performing market in the first half of 2025. — link
Crypto Mumbles
#reads memetic provenance https://x.com/simononchain/status/1939319440375779522
this is an interesting piece
to me, provenance as a trend only comes in post maturity
just as how antiques age, provenance needs more time alongside market (participants) maturity
probably takes years to decades to see the transition
to me, provenance as a trend only comes in post maturity
just as how antiques age, provenance needs more time alongside market (participants) maturity
probably takes years to decades to see the transition
👍1
in the meantime we continue the trend of tokenizing attention and soon creators
or what some might call creator capital markets
possible icm subset and hence why icm feels like the only possible reinvention of narratives to spark excitement again rn
either that or something new surprises us down the line as with every q4
or what some might call creator capital markets
possible icm subset and hence why icm feels like the only possible reinvention of narratives to spark excitement again rn
either that or something new surprises us down the line as with every q4
👍2
Forwarded from Alpha
⚠️🇺🇸 The Congressional Budget Office (CBO) has estimated that Trump's "big, beautiful bill" will increase the budget deficit by $3.3 trillion over the next decade, according to Axios.
👍2
Forwarded from QCP Broadcast
QCP Asia Colour – 30 June 2025
Bitcoin shrugged off its typical June drag with a last-minute rally during early Asia hours, catching up to equities that ended last week at fresh all-time highs. The move was partially fuelled by renewed optimism in Washington, as President Trump’s US$4.5 trillion tax bill cleared a key procedural hurdle in the Senate over the weekend. Attention now turns to the decisive 9am ET vote today, with Republicans aiming to finalise the bill ahead of the 4 July deadline.
Despite persistent geopolitical cross-currents, institutional flows remain resilient. BTC spot ETFs recorded another week of inflows, this time totalling US$2.2 billion, which underscores continued demand from large allocators. Heavyweights such as Strategy and Metaplanet maintained their accumulation pace, reinforcing the constructive tone.
With BTC spot edging toward $108k, we’re beginning to see a build-up in leveraged longs as perpetual funding rates flip from flat to positive across major exchanges. Positioning appears to be chasing the move, as participants lean into directional bets ahead of quarter-end.
Ethereum and Solana also joined the rally overnight, buoyed by anticipation around REX Shares’ proposed ETH and SOL staking ETFs. Positive feedback from the SEC has stirred renewed optimism that such products could gain approval. This would offer institutions another avenue to extract yield from crypto basis and staking strategies.
Yet beneath the surface of this bullish price action, options markets remain subdued. Risk Reversals are flat across most tenors, and implied vols continue to hover near historical lows. For now, spot below $110k appears uninspiring, while $100k, just a week ago, already feels like a distant memory.
Bitcoin shrugged off its typical June drag with a last-minute rally during early Asia hours, catching up to equities that ended last week at fresh all-time highs. The move was partially fuelled by renewed optimism in Washington, as President Trump’s US$4.5 trillion tax bill cleared a key procedural hurdle in the Senate over the weekend. Attention now turns to the decisive 9am ET vote today, with Republicans aiming to finalise the bill ahead of the 4 July deadline.
Despite persistent geopolitical cross-currents, institutional flows remain resilient. BTC spot ETFs recorded another week of inflows, this time totalling US$2.2 billion, which underscores continued demand from large allocators. Heavyweights such as Strategy and Metaplanet maintained their accumulation pace, reinforcing the constructive tone.
With BTC spot edging toward $108k, we’re beginning to see a build-up in leveraged longs as perpetual funding rates flip from flat to positive across major exchanges. Positioning appears to be chasing the move, as participants lean into directional bets ahead of quarter-end.
Ethereum and Solana also joined the rally overnight, buoyed by anticipation around REX Shares’ proposed ETH and SOL staking ETFs. Positive feedback from the SEC has stirred renewed optimism that such products could gain approval. This would offer institutions another avenue to extract yield from crypto basis and staking strategies.
Yet beneath the surface of this bullish price action, options markets remain subdued. Risk Reversals are flat across most tenors, and implied vols continue to hover near historical lows. For now, spot below $110k appears uninspiring, while $100k, just a week ago, already feels like a distant memory.