Another stablecoin lost its peg, but BTC remains firm.
The Bitcoin conference in El Salvador may have a bullish outcome.
Following the collapse of Terra Luna some volatility was seen across the leading cryptocurrencies, Bitcoin and Ethereum. UST lost its peg to the US Dollar and despite efforts of the Lunda Guard Foundation (LFG) to repeg UST it was unsuccessful.
10,000 Bitcoins were sold by LFG to contain the death spiral in Terra Luna. BTCUSD heavy selling nevertheless extended the dominance of Bitcoin.
Damac Properties, a known real estate agency in Dubai recently announced it will start accepting Bitcoin and Ethereum. Jamestown, a real estate investment management firm affirmed it will begin accepting bitcoin via partnership with Bit Pay.
In addition, Emirates Airlines will begin accepting Bitcoin. The Spanish football club, Espanyol also announced it will begin accepting bitcoin for game tickets and merch including food and beverages in the next football season.
Grayscale has partnered with HANetf to launch a crypto ETF in Europe. High interest in the European ETF may support the above.
Terra Luna Will Only Strengthen the Crypto Markets
Terra Luna's meltdown will have a positive impact on the market. The failure of the algorithm to maintain the peg allows other projects to study what triggered the fall and have measures in place to defend the peg.
In the meantime, Luna's investors (that have been severely burnt) are turning into other stablecoins such as MakerDAO Dai.
Investors receive a 30% yield for staking USSD. However, the yield will be lowered as USDD liquidity increases. Sun claimed that Terra Luna did not substantially lower the yield when the de-pegging began.
DEI lost its peg but Bitcoin may be unaffected due to its 'minor' market cap (according to CoinMarketCap) compared to UST and Tether. DEI has lost its peg in the past and recovered, but this is the largest gap from the $1 mark at the time of writing.
Tether (USDT) also experienced fluctuations in its peg to the US Dollar as investors pulled out over $7 billion as UST broke lower. There are calls for regulations on stablecoins, however, Senator Pat Toomey of Pennsylvania, who is drafting stablecoin legislation, has different views on regulating stablecoins.
Algorithmic stablecoins are not tied to assets such as physical cash, which is why cryptocurrencies such as UST do not need regulations. "It does not seem to me that this introduces systemic risk. It should be up to consumers, and by the way, failure should be an option.”
El Salvador's Bitcoin Meeting, a Turning Point?
Representatives from 44 countries met in El Salvador to discuss Bitcoin adoption. The meeting was arranged by Nayib Bukele. Some of the attendees were from Egypt, Jordan, Nigeria, Bangladesh, Morocco, Albania, Pakistan and Paraguay.
The meeting is expected to last for 3 days. The fruits of the Bitcoin meeting may be seen over the next several weeks. In the event any of the developing countries alter their tone on cryptocurrencies, BTC may rally in the markets.
Moreover, Germany has recently exempted individuals from paying tax on their crypto profits if the cryptocurrencies were held for at least 1 year. Although no references were made to staking, many crypto investors stake their coins (many do so with stablecoins) for 1 year as due to a higher yield when compared to 30 days for example.
The above will attract more private investors into the crypto markets, which may in essence support the growth of the top cryptocurrencies including Ethereum (although the beacon merger may be a greater factor as it switches to PoS).
Bitcoin Technical Projection
From a technical angle, BTCUSD has reached some support. Intraday analysis may suggest a bullish momentum is due for bitcoin.
source: TradingView
BTCUSD broke above the neckline of a reversed H&S. The neckline was re-tested following the breakout. The 55MA (in orange) is offering the initial resistance for the cryptocurrency.
A firm break above the resistance (preferably a 4hr close) may trigger further gains in Bitcoin. $32,000 may be the psychological barrier, but if taken out by the market, bitcoin may extend its gains to the latter resistance at $34,500.
$36,000 is seen as the 100% objective of the potential reversal.
Following the collapse of Terra Luna some volatility was seen across the leading cryptocurrencies, Bitcoin and Ethereum. UST lost its peg to the US Dollar and despite efforts of the Lunda Guard Foundation (LFG) to repeg UST it was unsuccessful.
10,000 Bitcoins were sold by LFG to contain the death spiral in Terra Luna. BTCUSD heavy selling nevertheless extended the dominance of Bitcoin.
Damac Properties, a known real estate agency in Dubai recently announced it will start accepting Bitcoin and Ethereum. Jamestown, a real estate investment management firm affirmed it will begin accepting bitcoin via partnership with Bit Pay.
In addition, Emirates Airlines will begin accepting Bitcoin. The Spanish football club, Espanyol also announced it will begin accepting bitcoin for game tickets and merch including food and beverages in the next football season.
Grayscale has partnered with HANetf to launch a crypto ETF in Europe. High interest in the European ETF may support the above.
Terra Luna Will Only Strengthen the Crypto Markets
Terra Luna's meltdown will have a positive impact on the market. The failure of the algorithm to maintain the peg allows other projects to study what triggered the fall and have measures in place to defend the peg.
In the meantime, Luna's investors (that have been severely burnt) are turning into other stablecoins such as MakerDAO Dai.
Investors receive a 30% yield for staking USSD. However, the yield will be lowered as USDD liquidity increases. Sun claimed that Terra Luna did not substantially lower the yield when the de-pegging began.
DEI lost its peg but Bitcoin may be unaffected due to its 'minor' market cap (according to CoinMarketCap) compared to UST and Tether. DEI has lost its peg in the past and recovered, but this is the largest gap from the $1 mark at the time of writing.
Tether (USDT) also experienced fluctuations in its peg to the US Dollar as investors pulled out over $7 billion as UST broke lower. There are calls for regulations on stablecoins, however, Senator Pat Toomey of Pennsylvania, who is drafting stablecoin legislation, has different views on regulating stablecoins.
Algorithmic stablecoins are not tied to assets such as physical cash, which is why cryptocurrencies such as UST do not need regulations. "It does not seem to me that this introduces systemic risk. It should be up to consumers, and by the way, failure should be an option.”
El Salvador's Bitcoin Meeting, a Turning Point?
Representatives from 44 countries met in El Salvador to discuss Bitcoin adoption. The meeting was arranged by Nayib Bukele. Some of the attendees were from Egypt, Jordan, Nigeria, Bangladesh, Morocco, Albania, Pakistan and Paraguay.
The meeting is expected to last for 3 days. The fruits of the Bitcoin meeting may be seen over the next several weeks. In the event any of the developing countries alter their tone on cryptocurrencies, BTC may rally in the markets.
Moreover, Germany has recently exempted individuals from paying tax on their crypto profits if the cryptocurrencies were held for at least 1 year. Although no references were made to staking, many crypto investors stake their coins (many do so with stablecoins) for 1 year as due to a higher yield when compared to 30 days for example.
The above will attract more private investors into the crypto markets, which may in essence support the growth of the top cryptocurrencies including Ethereum (although the beacon merger may be a greater factor as it switches to PoS).
Bitcoin Technical Projection
From a technical angle, BTCUSD has reached some support. Intraday analysis may suggest a bullish momentum is due for bitcoin.
source: TradingView
BTCUSD broke above the neckline of a reversed H&S. The neckline was re-tested following the breakout. The 55MA (in orange) is offering the initial resistance for the cryptocurrency.
A firm break above the resistance (preferably a 4hr close) may trigger further gains in Bitcoin. $32,000 may be the psychological barrier, but if taken out by the market, bitcoin may extend its gains to the latter resistance at $34,500.
$36,000 is seen as the 100% objective of the potential reversal.
Retail Traders Get Tokenized US IPO Allocations at Offer Price as Payward Expands xStocks
Featured Videos
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
Buying The Deep: Digital Asset Adoption in APAC and Beyond
Buying The Deep: Digital Asset Adoption in APAC and Beyond
Buying The Deep: Digital Asset Adoption in APAC and Beyond
Buying The Deep: Digital Asset Adoption in APAC and Beyond
Buying The Deep: Digital Asset Adoption in APAC and Beyond
Buying The Deep: Digital Asset Adoption in APAC and Beyond
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
