BTC withdraws because the market is not invincible, but Google and Meta lift AI token

Good morning, Asia. These are the current news in the markets:

Welcome to the Asia Morning Briefing, a daily summary of the most important news during US trade times and an overview of market movements and analyzes. For a detailed overview of the US markets, see The Americans.

While East Asia begins its business day, Bitcoin falls by 1.8 % and is traded over $ 117,800, as retailers take some profits with them after BTC's increase Through several all -time highs.

While some market participants believe that the rally is just starting, there are demands for BTC will reach 160,000, 200k, and furtherLennex Lai, Chief Commercial Officer from OKX, warns that the risk increases as quickly as the market enthusiastic.

“We are observing an increase in aggressive long positions over the various platforms and an expansion of the financing rates, since headlines to the 'Crypto Week' heat the mood,” said Lai in an interview with Coindesk via Telegram. “Risks can build up quickly at these levels – an escalation of the trade conflicts with the EU, Mexico and other trading partners could trigger sharp corrections. Another risk is to make euphoric decisions.”

Lai refers to a number of impending macroeconomic publications – such as the inflation data (CPI) from the United Kingdom as well as the Kern-Ppi, retail sales and consumer confidence in the United States, which could influence the global risk deterior and shape the mood in the broader markets.

These concerns reflect the findings From the market report H1 2025 by K33 Researchwhich emphasized similar risks and volatility triggers at the beginning of this year.

According to K33, geopolitical turbulence and uncertainties in trade policy have already led to considerable market fluctuations, such as a correction from $ 75,000 at the beginning of the year.

The report stated in particular: “Bitcoin had difficulties in this phase of risk reduction, but showed subtle references to relative strength to shares by exceeding shares after the liberation.”

In addition, K33 emphasized historically low financing rates with increasing prices, which indicates a cautious mood among experienced dealers who remain reserved before abrupt market reversations.

“The annualized financing rates on the half-year average were 4.51 %, the lowest average half-year financing sentence since December 31, 2022,” when the crypto winter was the hardest after the FTX collapse, the report says. “

“In moments like this, Kluge dealers focus on strategy instead of mood and use discipline to control the risk,” continued Lai. “The enthusiasm at the top is real, but those who carefully manage their entries, exits and financing risks are best prepared for what comes next.”

Finally he concluded: “Strong dynamics do not mean that the market is invincible.”

Maple Finance is the largest on-chain asset manager in the crypto area

Maple Finance is now the largest on-chain asset manager and thus overtakes the tokenized money market fund Buidl from Blackrock, According to the data of a Dune Analytics dashboard, the real-time asset flows in the Defi area. An increase of over $ 100 million in new deposits this week drove the entire managed assets (AUM) From Maple to $ 2.9 billion, surpassing the $ 2.3 billion from Buidl.

While BUIDL capital, with its ultra-conservative orientation, attracts short-term US state bonds and liquid funds, Maple appeals more risk-loving institutions by offering returns through underground loans to tested trading companies and crypto-related borrowers. This model, which is based on delegated lending instead of flat -rate oversurance, now seems to be scaling faster.

This milestone indicates a growing demand for returning defi loan products in the face of continuing macroeconomic uncertainties. He also represents a rare case in which a decentralized credit protocol is a significant tradfi heavyweight like Blackrock on-Chain, at least measured by the pure assets (AUM)exceeded.

AI token rise, while Big Tech is increasingly relating to infrastructure

AI-focused cryptocurrencies rose by 5 % overnight and drove the sector Market capitalization at $ 29.6 billion, according to Coingecko. This step takes place against the background of a flood of announcements to the AI and data infrastructures of large US technology companies, which has rejected the enthusiasm for investor in both the equity and token markets.

Google explained on Tuesday 25 billion US dollars in data centers and AI infrastructure in the entire PJM electrical electricity network, the largest America, will be invested, while the purchase of 3,000 megawatts was agreed with Brookfield as part of a 3-billion dollar deal. Meanwhile, Meta is planning “hundreds of billions” in the construction of AI data centers, including a multi-gigawatt system called Prometheus in Ohio.

The announcements were made at the same time as a summit at Carnegie Mellon University led by the Trump administration, in which obligations of over 90 billion US dollars were announced for KI-, energy and data infrastructure. The optimistic tone towards AI, both on the part of the government and the industry, seems to be transferred to the token markets at least for the time being.

Market movements:

BTC: Bitcoin lists at 117,810.33 USD, a decline of 1.69 %. Successful attempts at outbreak led to support with a high volume, a narrowed consolidation and decreasing liquidity, which, according to the technical analysis of Coindesk Research, indicates market creation and expected developments in the run -up to the next macroeconomic catalyst.

ETH: Ethereum rose by 2.6 % to $ 3,066.57 in a volatile 24-hour phase and recovered from a low at $ 2,933.50, since institutional tributaries, record-breaking staking and a strong trading volume over 3,075 are fueled, which indicates renewed bullish dynamics.

Gold: Gold fell by 0.56 % to $ 3,331.55, although a new survey by the London Bullion Market Association (LBMA) showed that analysts became more optimistic and raised their average forecasts for 2025 to $ 3,324.40 – driven by geopolitical tensions, dollar weakness and fiscal concerns, but the opinions remain divided whether the prices will increase towards $ 4,000 or fall until the end of the year.

Nikkei 225: The markets in the Asian-Pacific area are expected to open up after President Trump has announced a temporary trade agreement with Indonesia that includes a US custom of 19 % to exports.

S&P 500: The S&P 500 fell by 0.4 % after reaching an intraaday record high, since rising treasury returns and an inflation value of 2.7 % in June caused concerns about tariff-related pricing, despite strong banking results and technology values guided by Nvidia.

Elsewhere in the crypto area:

• Legitimate data protection tool or dirty money laundering “laundry salon”? Lawyers debate the role of Tornado Cash on the first day of the Roman Storm process (COindesk)
• Can the genius act protect banks from stable coins? (Blockworks)
• “Existential threat”: Bitcoin proposal would freeze Satoshi's quantum-injury coins (Decrypt)