Latest news with #DigiAsia
Finextra
28-05-2025
- Business
- Finextra
but rising yields could rain on the parade: By Prakash Bhudia
Bitcoin just smashed through another all-time high, crossing $109,800 and lighting up the crypto crowd like it's 2021 all over again. The bulls are back, the memes are flying, and institutional money is pouring in. But just as things were starting to feel a little too euphoric, something old-school snapped everyone back to reality: the bond market. Because while Bitcoin's been partying, yields have been rising - and fast. And if there's one thing that can spook speculative assets, it's the sudden reminder that traditional finance still writes the rules on risk. Bitcoin's big moment - Fueled by ETFs and Institutional FOMO Let's start with the good stuff. Bitcoin didn't just edge past its previous high - it blew through it. Up 47% since April's dip to $75K, BTC's rally has been supercharged by inflows from U.S. spot Bitcoin ETFs, which racked up $7.4 billion in net inflows over just five weeks. That's not retail punting for fun - that's serious capital making a bet. Source: Coinglass It's not just ETFs, either. Futures open interest hit a record $75.14 billion, showing that traders are all-in on this trend. Add in corporate moves like Indonesia's DigiAsia Corp planning a $100 million Bitcoin treasury reserve, and it's clear: institutions aren't sitting this one out. The setup looked nearly perfect. Until it wasn't. Then the bond auction happened On 21 May, the U.S. Treasury held a routine 20-year bond auction. It should've been a non-event. Instead, it sent shockwaves through global markets. Investor demand was weak. The auction was priced at a 5.047% yield, slightly above the expected 5.035%. That tiny gap? It's called a 'tail' - and this one, at 1.2 basis points, was the largest since December. In bond-speak, that's code for investors who are worried. Source: Kobeissi Letter, X The fallout was fast: The S&P 500 fell nearly 80 points in half an hour The 10-year Treasury yield jumped to 4.586% The 30-year yield hit 5.067% Source: Kobeissi Letter That's not just noise. That's the market pricing in bigger risks: rising deficits, sticky inflation, and the possibility that the Fed won't be cutting rates anytime soon. Why bond yields matter for Bitcoin Crypto isn't in its own little universe anymore. Like it or not, Bitcoin now dances to the macro beat - and right now, the rhythm is changing. Here's how soaring yields ripple through crypto: Higher yields strengthen the U.S. dollar → Bitcoin tends to move inversely to the dollar Tighter financial conditions → Less liquidity and less appetite for high-risk trades Risk-off sentiment → Capital flows back into traditional safe havens like bonds, not Bitcoin So even if the fundamentals look great - ETF inflows, corporate adoption, bullish momentum - the mood can turn quickly when macro headwinds start picking up. And that's what we saw this week. The bigger picture: Trouble brewing in the background The weak auction wasn't a fluke - it's a symptom. The U.S. is running a 7% budget deficit, inflation is still lurking, and trade tensions are re-emerging as Trump ramps up his campaign trail. Investors are starting to say, 'If you want us to lend you money, you're going to have to pay more.' That adds pressure not just on the Treasury, but on every asset priced off yields - including crypto. Analysts at K33 Research warned that macro risks could inject fresh volatility into Bitcoin's uptrend, especially if upcoming headline events disappoint. Case in point: Trump's $TRUMP Gala and VP JD Vance's appearance at Bitcoin 2025 might move sentiment - but they're no match for Treasury market shocks. What traders should keep an eye on This doesn't mean the Bitcoin bull run is over - but the game just got more complicated. If you're in the market, here's what to watch: U.S. Treasury yields – particularly the 10- and 20-year Inflation prints and Fed commentary – to gauge rate expectations ETF inflows – a slowdown here would be a red flag Futures open interest – high levels mean potential for sharp reversals Right now, Bitcoin's still flying high - but the air is getting thinner. The next leg up (or down) could depend less on crypto news, and more on how the macro winds blow. Bitcoin technical outlook: Further rally or reversal? Bitcoin is still very much in a bullish trend. Institutions are coming in, ETFs are delivering inflows, and price action remains technically strong. But this week's bond market shock is a reminder that macro still matters. If yields continue rising and financial conditions tighten further, Bitcoin could lose altitude fast. For now, traders remain optimistic - but the rally is skating on thinner ice than it appears. So the big question remains: is this just a wobble, or the start of something bigger? The next bond auction might tell us more. At the time of writing, Bitcoin's upside momentum is meeting some resistance, with a wick forming at the top of the up move. However, the volume tells a story of sellers not moving in with enough conviction which could lead to more upside. If sellers fail to force a reversal, buyers could struggle at the $112,000 price level that's currently holding prices. If we see a slump, on the other hand, prices could find support floors at the $102,990 and $93,000 price levels. Source: Deriv MT5 Disclaimer The information contained within this article is for educational purposes only and is not intended as financial or investment advice. We recommend you do your own research before making any trading decisions. This information is considered accurate and correct at the date of publication. Changes in circumstances after the time of publication may impact the accuracy of the information. The performance figures quoted are not a guarantee of future performance.
Yahoo
24-05-2025
- Business
- Yahoo
A Small Food Firm Buys 21 bitcoin, Jumping on BTC Treasury Trend, Shares Fall Anyways
DDC Enterprise (DDC), an Asian food company, has announced the acquisition of 21 BTC as part of a long-term plan to incorporate the cryptocurrency into its corporate treasury. The company, led by founder and CEO Norma Chu, exchanged 254,333 class A ordinary shares for BTC, in a transaction valued at roughly $2.28 million, according to a press release. The move positions DDC among a growing cohort of public companies using BTC as a treasury asset. Two more purchases totaling 79 BTC are expected in the coming days, bringing the company's initial holdings to 100 BTC. In a shareholder letter issued last week, Chu outlined plans to accumulate up to 500 BTC within six months and aim for 5,000 BTC in three years. While companies adopting bitcoin as a strategic treasury asset often see major price rises, DDC saw the opposite. The company's shares dropped more than 12% on Friday's trading session, while the S&P 500 dropped 0.6% and the tech-heavy Nasdaq fell 1%. DigiAsia (FAAS), for example, saw its share prices surge more than 90% in a single trading session after announcing a $100 million BTC treasury plan earlier this month.
Yahoo
24-05-2025
- Business
- Yahoo
A Small Food Firm Buys 21 bitcoin, Jumping on BTC Treasury Trend, Shares Fall Anyways
DDC Enterprise (DDC), an Asian food company, has announced the acquisition of 21 BTC as part of a long-term plan to incorporate the cryptocurrency into its corporate treasury. The company, led by founder and CEO Norma Chu, exchanged 254,333 class A ordinary shares for BTC, in a transaction valued at roughly $2.28 million, according to a press release. The move positions DDC among a growing cohort of public companies using BTC as a treasury asset. Two more purchases totaling 79 BTC are expected in the coming days, bringing the company's initial holdings to 100 BTC. In a shareholder letter issued last week, Chu outlined plans to accumulate up to 500 BTC within six months and aim for 5,000 BTC in three years. While companies adopting bitcoin as a strategic treasury asset often see major price rises, DDC saw the opposite. The company's shares dropped more than 12% on Friday's trading session, while the S&P 500 dropped 0.6% and the tech-heavy Nasdaq fell 1%. DigiAsia (FAAS), for example, saw its share prices surge more than 90% in a single trading session after announcing a $100 million BTC treasury plan earlier this month. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Nasdaq-Listed DigiAsia Plans to Raise $100M for Bitcoin Buys
DigiAsia Corp (FAAS) plans to raise up to $100 million to seed a bitcoin treasury reserve (BTC), joining a growing list of publicly traded companies looking to diversify their corporate balance sheets with bitcoin. The announcement on Monday (which emphasized plans rather than executed actions) helped push DigiAsia's shares up 91% during regular trading to 36 cents, before pulling back 22% after hours. The stock is still down more than 50% year-to-date. The company said its board had approved a strategy to allocate up to 50% of future net profits toward BTC purchases and was 'actively exploring' a capital raise of up to $100 million, according to a press release. It also plans to pursue yield-generating strategies on its bitcoin holdings, including institutional lending and staking through regulated partners. 'We believe bitcoin represents a compelling long-term investment and a foundational layer for modern treasury diversification,' said Prashant Gokarn, Co-CEO of DigiAsia, in the release. The firm added that it was evaluating financing methods such as convertible notes and crypto-linked instruments to support the initiative. In an April update, DigiAsia reported $101 million in revenue for 2024, with projected earnings before interest and taxes of $12 million this year. Whether DigiAsia follows through on its BTC purchases remains to be seen. But the signal alone has been enough to give the fintech a short-term boost on Wall Street. 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
13-05-2025
- Business
- Yahoo
DigiAsia Boosts Mobile Wallet Security with AI Fraud Detection, Approved by Bank Indonesia
Jakarta, Indonesia--(Newsfile Corp. - May 13, 2025) - DigiAsia Corp. (NASDAQ: FAAS) ("DigiAsia" or the "Company"), Indonesia's leading Fintech-as-a-Service (FaaS) provider and a strategic investment of Mastercard, announced the full deployment of its proprietary AI-powered Fraud Detection System across its mobile wallet services. This crucial system, approved by Bank Indonesia, the central regulatory authority, now delivers real-time, adaptive security for transactions within DigiAsia's extensive partner network, building on a successful initial rollout. This implementation significantly strengthens DigiAsia's commitment to secure digital transactions and stringent regulatory compliance, utilizing advanced AI and machine learning. Prominent enterprise clients and partners, including Home Credit, Tokopedia, and Citibank, have already acknowledged the positive impact of this technology. Key Investor Highlights: AI-Driven Security: The system employs sophisticated AI and machine learning algorithms for real-time analysis of transaction data, proactively identifying fraudulent patterns and anomalies. Continuous learning enhances detection accuracy and minimizes false positives. Scalable Infrastructure: Leveraging ongoing GPU technology partnerships, the system efficiently processes high transaction volumes and adapts swiftly to new fraud tactics. Enhanced Regulatory Compliance: Bank Indonesia's approval underscores the system's effectiveness in bolstering DigiAsia's adherence to transaction monitoring and anti-money laundering regulations. Increased Partner Confidence: The integration of this advanced security solution has fostered greater trust among DigiAsia's B2B partners, including PT Kereta Api Indonesia and Adira Finance, who benefit from enhanced transaction integrity. Strategic Investment by Mastercard: Mastercard's strategic investment validates DigiAsia's innovative technology and its potential to transform digital finance in emerging markets, providing valuable resources and expertise for accelerated growth. About DigiAsia Corp. DigiAsia Corp. (NASDAQ: FAAS) is a Fintech-as-a-Service (FaaS) provider operating a B2B2X model across emerging markets. DigiAsia's embedded finance APIs empower SMEs with seamless financial service integration. DigiAsia's solutions drive financial inclusion. Offerings include cashless payments, digital wallets, and digital banking. DigiAsia is expanding its AI-powered FaaS solutions across Southeast Asia, India, and the Middle East. Forward-Looking Statement: This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995, identified by words like "believe," "expect," or "will." These statements, including DigiAsia's operations and financial performance, involve risks and uncertainties (e.g., regulations, competition, economic conditions) detailed in our SEC filings. Actual results may differ. We disclaim any obligation to update these statements, except as required by law. Contact: Prabhu Anthony, prabhu@ To view the source version of this press release, please visit
