Good Morning, Asia. Here is what’s making information within the markets:
Welcome to Asia Morning Briefing, a each day abstract of high tales throughout U.S. hours and an outline of market strikes and evaluation. For an in depth overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.
Fund supervisor Jeff Dyment of Saphira Group needs you to zoom out and cease sweating the short-term charts.
His thesis: Information factors that recommend institutional bitcoin
shopping for is shedding steam miss the larger image.
In a notice shared with CoinDesk, Dyment argues that fears of fading institutional demand for bitcoin are overblown, rooted in slim snapshots of the market.
Sure, ETF and company purchases have cooled just lately – Michael Saylor’s Technique purchased simply 16,000 BTC final month, down sharply from December’s 171,000 BTC haul. However this, Dyment insists, isn’t an indication of decline. It’s a pure ebb in what he calls a “cyclical wave” of adoption.
“Institutional flows usually are available waves somewhat than a gradual linear enhance,” Dyment wrote. “Brief-term demand fluctuations within the spot market are minor ripples on what’s, in truth, a rising tide of institutional engagement.”
Dyment factors to the addition of 51 new company BTC treasuries within the first half of 2025 alone, equal to the whole from 2018 to 2022 mixed, and a 375% year-over-year enhance in company BTC shopping for.
Public corporations now maintain 848,902 BTC, or roughly 4% of the whole provide, with Q2 2025 alone seeing 131,000 BTC added to their steadiness sheets.
He additionally highlights the explosive development of Bitcoin ETFs as additional proof of deepening institutional participation. BlackRock’s IBIT fund, now the biggest on the planet, holds 699,000 BTC, greater than 3.3% of complete provide, after turning into the fastest-growing ETF in historical past.
U.S. spot ETFs have collectively captured roughly 1.25 million BTC, or roughly 6% of the whole provide, in simply 18 months since their launch, he factors out within the notice.
Dyment’s thesis is discovering echoes within the choices market.
In QCP Capital’s current notice, the Singapore-based fund pointed to whales which are persevering with to construct publicity to upside threat, snapping up September $130K BTC calls and holding $115K/$140K name spreads.
“Vols stay pinned close to historic lows, however a decisive breach of the $110K resistance may spark a renewed volatility bid,” QCP wrote in a Monday notice.
So whereas bears might level to stagnant spot flows and the almost empty mempool as indicators of fatigue, Dyment argues these are simply surface-level ripples.
Beneath, the tide is rising, and Wall Road, with its trillions upon trillions of regulated capital, is hungry for crypto. It is simply not going to come back abruptly.
BTQ Pushes Quantum-Protected Framework for Stablecoins
BTQ Applied sciences has launched the Quantum Stablecoin Settlement Community (QSSN), a framework designed to assist banks, fee companies, and digital asset platforms future-proof stablecoin issuance in opposition to threats from quantum computing.
In a press launch, BTQ detailed how the system may assist quantum-secure variations of fashionable stablecoin fashions, together with JPMorgan’s proposed USD deposit token (JPMD), by upgrading privileged actions like minting and burning with twin cryptographic signatures (ECDSA and Falcon-512), whereas preserving compatibility with present token requirements, workflows, and wallets.
The launch comes because the stablecoin market surpasses $225 billion and lawmakers push for regulation with an eye fixed on cybersecurity.
The GENIUS Act, presently advancing within the U.S. Congress, would formalize federal requirements for fiat-backed stablecoins and encourage quantum-safe structure.
BTQ, which has labored with NIST for over a decade, goals to form these requirements and place QSSN as important infrastructure.
Market Actions
BTC: Bitcoin fell 1.02% from July 6 at 22:00 to July 7 at 21:00, testing key assist at $107,519.64 amid heavy promoting, earlier than staging a V-shaped restoration off $107,800 as on-chain knowledge confirmed sturdy assist clusters at $106,738 and $98,566 held by 1.68 million addresses, in accordance with CoinDesk Analysis’s technical evaluation bot.
ETH: ETH rose 1.67% amid risky buying and selling, swinging almost 3% between $2,529 and $2,604 as assist at $2,530 held agency, institutional inflows topped $1.1 billion, and above-average quantity marked each the surge and subsequent sell-off.
Gold: Gold dipped on a stronger greenback however rebounded on tariff-driven safe-haven demand, with central financial institution shopping for and de-dollarization fueling forecasts of a rally towards $4,000.
S&P 500: Shares fell Monday as Trump introduced new tariffs on imports from seven nations, sending the S&P 500 down 0.79% to six,229.98.
Nikkei 225: Asia-Pacific markets principally rose regardless of Trump asserting steep U.S. tariffs on 14 buying and selling companions, with Japan’s Nikkei 225 up 0.36% as duties of as much as 40% had been outlined for nations together with South Korea, Indonesia, and Thailand.
Elsewhere in Crypto
- Trump Is Making Financial institution on Crypto: Do Voters Care? (Decrypt)
- Vitalik Buterin Favors ‘Copyleft’ (Vitalik Buterin)
- The Coming Crypto Tax Bomb (CoinDesk)
