Latest news with #Flowdesk
Yahoo
20-06-2025
- Business
- Yahoo
Asia Morning Briefing: CryptoQuant Warns of $92K BTC Drop as Analyst Views Diverge
Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. As Asia begins its trading day, bitcoin BTC is trading above $104,500 and, despite a possible looming war in the Middle East, has been relatively flat on the day with negligible market movement. Indeed, for the last full week, BTC is only down 2%, according to CoinDesk market data. Analysts are debating whether the crypto market's current stillness is a sign of strength or if something more precarious is afoot. Three new reports this week from CryptoQuant, Glassnode, and trading firm Flowdesk all point to the same surface conditions: low volatility, tight price action, and subdued on-chain activity. Additionally, retail participation has waned, and institutional players, from ETFs to whales, are now shaping the structure of flows. But it's CryptoQuant that's flashing the most urgent warning. In its June 19 report, CryptoQuant argued that BTC could soon revisit $92,000 support or even fall as low as $81,000 if demand continues to deteriorate. Spot demand is still increasing, but well below trend. ETF flows have dropped by more than 60% since April, while whale accumulation has halved. Short-term holders, who are usually newer market participants, have shed approximately 800,000 BTC since late May. Their demand momentum indicator, which tracks directional buying strength across key cohorts, is now reading negative 2 million BTC, the lowest in CryptoQuant's dataset. Glassnode, however, sees the same signals and arrives at a far less dire conclusion. In its weekly on-chain update, the firm acknowledges that the Bitcoin blockchain is 'quiet," meaning transaction counts are down, fees are minimal, and miner revenue is subdued. However, this suggests that it may not be a weakness, but rather a reflection of the network's evolution. On-chain settlement volume remains high, but it's concentrated in large-value transfers, suggesting the chain is increasingly being used by institutions and whales. The derivatives market, Glassnode notes, now dwarfs on-chain activity, with futures and options volumes regularly exceeding spot by 7x–16x. That shift has brought more sophisticated hedging, better collateral practices, and a more mature, if less frenetic, market structure. France-based Flowdesk, a market maker and trading firm, has views that fall somewhere in between. While noting thinning altcoin flows and flat market-making volumes, its June 19 update describes the market as 'coiled,' not cracking. Flowdesk highlights a surge in tokenized assets, such as Gold-backed XAUT (up 56% in volume), stablecoin growth, and increasing RWA activity. To them, low volatility may simply be the calm before a directional breakout, which is not necessarily downwards. But in the end, no one seems to hold a reliable map for what's ahead. Even Polymarket bettors aren't sure as there is a near equal chance of BTC dropping to $90K in June or moving up to $115K-120K. One thing is for sure: the tug-of-war between bullish institutional activities and waning retail demand potentially opens bitcoin up to dramatic moves on either side of the trade, which will likely dictate the market's next chapter. A new report from Presto Research argues that Crypto Treasury Companies (CTCs), such as Strategy and Metaplanet, are not just leveraged bitcoin ETFs, but a new form of financial engineering with less risk than many investors assume. Strategy's latest raise, which raised nearly $1 billion via perpetual preferred shares, shows how BTC's volatility can be used to an issuer's advantage. These securities, along with convertible bonds and at-the-market equity sales, allow CTCs to fund aggressive crypto accumulation without triggering margin risk. Presto points out that Strategy's BTC is unpledged and Metaplanet's bonds are unsecured, meaning collateral liquidation, the primary trigger in past crypto blowups like Celsius and Three Arrows, is largely absent here. That does not eliminate risk, but it changes the nature of it. The real challenge, Presto argues, is not crypto exposure itself but the discipline to manage dilution, cash flow, and capital timing. Metaplanet's 'bitcoin yield' metric, which measures BTC per fully diluted share, reflects that focus on shareholder value. As long as CTCs can manage the financial mechanics behind their accumulation strategies, they will earn NAV premiums just like high-growth companies in traditional markets. But if they miscalculate, the same tools that fuel their rise could accelerate their fall. Semler Scientific (Nasdaq: SMLR) has unveiled one of the most aggressive bitcoin accumulation roadmaps in corporate history, announcing plans to hold 10,000 BTC by the end of 2025, 42,000 by 2026, and a staggering 105,000 by the close of 2027. The California-based medical device maker, which pivoted to a bitcoin treasury strategy last year, is effectively trying to increase its current bitcoin stash of 4,449 coins by more than two fold over the next 30 months. It plans to do so using a mix of equity raises, debt financing, and operational cash flow. There aren't specific details of how the company plans to fund the buy. Hwever, historically Semler's primary mechanism for acquiring bitcoin was selling new shares under its at-the-market (ATM) program, which relies on the company trading at a premium to its net asset value (NAV). According to data from Strategy-Tracker, Semler's mNAV currently sits at 0.859x, meaning the market values the firm's equity lower than its BTC holdings, which could be cutting off its ability to raise accretive capital. How this dynamic plays out, would be worth watching as the firm initiates more bitcoin buying. Even as bitcoin has surged to all-time highs above $100,000, Semler shares are down nearly 40% on the year. BTC: Bitcoin remains stuck below $105K despite strong ETF inflows, with repeated resistance at $105,150 and signs of institutional accumulation offset by short-term bearish momentum and macro volatility. ETH: Ethereum found support at $2,490 after a high-volume selloff broke key levels, with the price consolidating in a tight range amid geopolitical tensions and macro uncertainty, signaling potential for a breakout if resistance at $2,510 is cleared. Gold: Gold hovered near $3,366 on Thursday, little changed as escalating geopolitical tensions offset pressure from the Fed's hawkish stance, while platinum retreated after hitting a near 10-year high; U.S. markets remained closed for Juneteenth. Nikkei 225: Japan's Nikkei 225 opened 0.24% higher Friday as Asia-Pacific markets mostly rose ahead of China's loan prime rate decision and amid ongoing Israel-Iran tensions. Visa Expands Stablecoin Reach in Europe, Middle East and Africa (CoinDesk) Why Pro-Israel Group's $90M Crypto Hack Could Be a Hammer Blow for Iran's Regime (CoinDesk) Solana Will Flip Ethereum, Anthony Scaramucci Predicts (Decrypt) Sign in to access your portfolio
Business Upturn
19-06-2025
- Business
- Business Upturn
Kinetiq Announces iHYPE: Institutional Staking Product for Hyperliquid (HYPE Token)
NEW YORK, June 19, 2025 (GLOBE NEWSWIRE) — Kinetiq (the 'Company') is pleased to announce the development of iHYPE, a dedicated institutional liquid staking product designed to meet rapidly growing institutional interest in HYPE, the native token of the Hyperliquid blockchain. Kinetiq will be engaging IMC Trading, Flowdesk, as well as one of the largest Qualified Custodians (QC) serving the crypto industry. This is complimented by several institutional-grade validators to ensure that any firm can acquire HYPE (staked via Kinetiq) in a compliant manner — from acquisition and custody, to staking and validator delegation. The development of iHYPE represents a significant expansion of Kinetiq's liquid staking offering and is intended to provide institutional investors with compliant, enterprise-grade access to Hyperliquid's native staking yields and network participation, without requiring direct involvement in secondary token markets. Meeting Market Demand Kinetiq has received substantial inbound from funds and allocators looking for secure, auditable, and institution-friendly infrastructure to participate in Hyperliquid's unprecedented growth. iHYPE is Kinetiq's response to that demand, providing institutions with a compliant gateway to Hyperliquid as it ushers in a new generation of completely onchain, global finance. ' Flowdesk is proud to support Kinetiq as a dedicated trading partner for iHYPE upon launch. Enabling compliant access for clients is a critical step as they build out their institutional-focused Hyperliquid product line, ' said Hanson Birringer, Head of US Sales at Flowdesk. Hyperliquid's technical capabilities include fully onchain order books for both perpetual futures and spot markets that boast throughput of over 200,000 transactions per second, capturing the attention of allocators across digital asset and legacy financial markets. iHYPE is being developed to remove barriers preventing institutional capital from accessing this ecosystem. iHYPE is currently undergoing security audits, compliance reviews, and operational integrations ahead of its public launch. With iHYPE, Kinetiq will deliver a staking solution that meets the standards of professional asset managers while preserving the integrity and ethos of Hyperliquid. About Kinetiq Kinetiq is a liquid staking protocol built natively on Hyperliquid, enabling users to permissionlessly stake HYPE for kHYPE (Kinetiq-staked HYPE) while retaining full liquidity, and a robust suite of DeFi opportunities. Kinetiq features delegated staking with dynamic, performance-based validator selection, and full integration with Hyperliquid's DeFi ecosystem. iHYPE is a new development by Kinetiq, one offered exclusively to institutions. About Hyperliquid Hyperliquid is a high-throughput Layer 1 blockchain purpose-built to house all of global finance. It supports one-block finality, 200,000 transactions per second, and fully onchain order books for both perpetual futures and spot markets (via HyperCore), alongside general smart contract functionality on HyperEVM. For further information, please contact: Email: [email protected] Website: X: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
30-05-2025
- Business
- Yahoo
Asia Morning Briefing: Cooling BTC Pushing Up Altcoin Volumes
Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Bitcoin (BTC) is trading above $105K as Asia begins its business day, down 1%. In a note, Paris-based digital assets trading firm Flowdesk wrote that the world's largest digital asset was moving into a tactical posture with price consolidation. "As BTC consolidates near all-time highs, altcoin volumes and liquidity have seen a continued meaningful shift upwards," Flowdesk wrote. Flowdesk notes that Bitcoin's volatility continues to decline despite looming macroeconomic events that typically shake up markets. With BTC consolidating near its all-time high, there's a noticeable rise in call overwriting, Flowdesk observed, as traders seek to monetize potential upside without giving up core bitcoin exposure. "The altcoin rotation continues, ETF inflows are back, and vol positioning reflects a transition to more tactical, yield-generating strategies," Flowdesk concluded. Meanwhile, CoinDesk's Market Insight bot reported that BTC faces downside risks after hitting strong resistance near $108.8K, but ongoing institutional interest may provide support. Unknown block type "articleLink", specify a component for it in the ` option U.S. House Republicans officially introduced the Digital Asset Market Clarity Act, CoinDesk reported Thursday U.S. time, their latest push to regulate crypto markets. This 236-page bill, a successor to the earlier FIT21 Act, gives the Commodity Futures Trading Commission primary oversight of digital commodity markets, establishes clear guidelines for crypto exchanges, and exempts certain decentralized finance (DeFi) services from Securities and Exchange Commission (SEC) oversight. Flowing parallel to this, the Senate remains focused on separate bipartisan stablecoin legislation, which is further along procedurally but faces ongoing debate. With committee hearings scheduled for next week, lawmakers will publicly discuss the new House bill, setting the stage for negotiations that could shape U.S. crypto regulation this session. Hester Peirce, chief of the U.S. Securities and Exchange Commission's crypto task force, urged crypto investors at Bitcoin 2025 to take personal responsibility for their losses rather than seek government bailouts, CoinDesk reported Thursday from BTC Vegas. Peirce emphasized consistency among libertarian-minded crypto traders, arguing that those who demand freedom must also accept accountability for their financial outcomes, particularly when engaging in speculative ventures like memecoins. Peirce highlighted ongoing efforts under Republican leadership to clarify the SEC's jurisdiction, stating that most crypto tokens aren't securities and thus don't require SEC registration unless they are explicitly involved with securities. She remained neutral on companies holding digital assets on their balance sheets, provided proper disclosure. Despite the current strides in policymaking at the SEC, Peirce noted that establishing a federal crypto regulator for retail trading would necessitate clear legislative action from Congress. Blockchain Founders Fund (BFF), a Singapore-based venture capital firm focused on early-stage Web3 and blockchain startups, is set to announce Friday at Web Summit in Vancouver that it has surpassed 200 investments across more than 160 companies. Founded in 2018, the firm is known for supporting projects such as Shardeum, an Ethereum-compatible blockchain platform utilizing dynamic state sharding, and Validation Cloud, an infrastructure company merging traditional enterprises with blockchain and AI technologies. The fund announced in October that it had hit the 150 mark for investments. BTC: Bitcoin is trading at $105,713 as Asia begins its business day, having fluctuated between $105,682 and $108,927 over the last 24 hours, encountering resistance near the upper range and signaling potential bearish momentum. ETH: Ethereum is up 6%, peaking at $2,784 before stabilizing near $2,650, as strong trading volumes and institutional optimism outweigh broader economic uncertainties. Gold: Gold is up 0.4%, trading at $3,311, as the U.S. economy shrunk 0.2% on weaker spending, tariff impacts. Nikei 225: Japan's Nikkei 225 dropped 1.55% as Asia-Pacific markets fell Friday amid U.S. economic slowdown, inflation concerns S&P 500: The S&P 500 closed up 0.4% at 5,912.17 Thursday, boosted by Nvidia but restrained by investor caution amid developments surrounding Trump's "reciprocal" tariffs. SEC Files to Dismiss Long-Running Lawsuit Against Binance (CoinDesk) 'Most-Hated L1': Arthur Hayes Thinks Ethereum Could Double in Price This Year (Decrypt) Tokenized equities will be 'bigger than stablecoins': Backed CEO (Blockworks) Inside the $400 million Coinbase breach: An Indian call center and teenage hackers (Fortune) Russia Says Financial Institutions Can Offer Crypto-Linked Instruments to Qualified Investors (CoinDesk) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-05-2025
- Business
- Yahoo
Bitcoin Jumps Above $97K as Traders Optimistic U.S.-China Trade Deal Possible
Bitcoin (BTC) is trading above $97,000 during the Asian morning hours as the market breathes a sigh of relief that the U.S. and China are said to be working on a trade deal, even if the market is also skeptical that a deal will be reached this month. "The U.S. has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue," China state media posted on social media. Dogecoin (DOGE) led gains among majors with a 4% rise in the past 24 hours. Cardano's ADA, XRP, ether (ETH) and BNB rose between 1-3%, with the broad-based CoinDesk 20 (CD20) rising 2.2%. Movement's MOVE extended losses to 21% as the company confirmed founder Rushi Manche had been suspended following a CoinDesk exposé of possible token manipulation involving the 21-year-old. On Polymarket, bettors are skeptical that a deal will come this month, giving it only a 20% chance of happening by June. Bettors are likely concerned that the hawkish rhetoric from the White House means a deal may take longer than a month to be reached. The speed and intensity of the tariffs the White House announced earlier this year panicked the market, leading to a significant drop in BTC's price, but with this apparent trade detente, $100,000 bitcoin is back on the agenda. Other crypto metrics are looking healthy, market observers say, putting $100K bitcoin in sight. "Momentum continues to build across crypto with spot flows broadening, alt activity heating up and subtle but meaningful shifts in market structure," trading and technology group Flowdesk said in a recent market note. "As BTC ranges above $90K, undercurrents of risk appetite are growing stronger within both spot and derivative markets. Liquidity remains strong with rising volumes, surging weekend activity, and improving altcoin depth. At the same time, broad-based spot buying continues, led by speculative alts and AI tokens, alongside $1.5B in Bitcoin ETF inflows as institutional demand grows," Flowdesk also wrote. The market is also likely optimistic about Strategy's continued BTC buys, and push towards further institutionalization. As CoinDesk recently reported, Michael Saylor announced that Strategy is raising $21 billion for more BTC buys. In a recent note, Presto Research said investors are increasingly impressed by Strategy's growing institutional sophistication, highlighted by new valuation frameworks like BTC Torque and a strong focus on accurately pricing its fixed-income instruments. Artificial Intelligence (AI) tokens are in the green on Friday as the market reacts positively to news from Kava Labs that it hit 100K users of its decentralized AI platform. Data from CoinGecko shows the market segment is up 3%, beating the CoinDesk 20, a measure of the performance of the largest digital assets, which is up by 1.8%. "People are turning to Kava AI because it offers two things most platforms don't, verifiability and privacy," Kava Labs' Scott Stuart said to CoinDesk in an email. "That includes users who are deeply embedded in Web3 as well as those simply seeking an alternative to opaque, centralized AI systems." Interest in Kava and decentralized AI growing globally, Stuart said, as more users recognize the value of AI that's both decentralized and transparent, not reliant on a black-box model governed by a handful of corporations. Sign in to access your portfolio
