Latest news with #JeffMei
Yahoo
6 days ago
- Business
- Yahoo
Ether Volatility Spikes on Rally as Bitcoin Edges Back Toward Record Highs
Crypto markets began Monday on a high note, with ether (ETH) up more than 21% over the past seven days to $4,300 and bitcoin (BTC) climbing 3% to within touching distance of record highs. BTC led gains among majors in the past 24 hours, with Solana's SOL (SOL), XRP (XRP), dogecoin (DOGE), and BNB Chain's BNB (BNB) rising nearly 1%, but reversing all profit-taking from the weekend to start the week in green. The S&P 500 recovered from last week's post-payrolls dip to near all-time highs, while the Nasdaq set a new record on strong earnings, shrugging off political noise and fresh U.S. import taxes. ETH has outperformed sharply against this macro backdrop, driving a divergence in short-dated implied volatility between majors. 'BTC IV remains near all-time lows while ETH has jumped materially,' said Augustine Fan, Head of Insights at SignalPlus, told CoinDesk in a Monday note. 'Term structure on ETH is inverted, with long-dated vol expected to settle near 70%, while BTC's curve is the opposite — short-dated vol heavily compressed with spot stuck around $120K. A month ago, markets priced just a 5% chance of ETH hitting $4.5K in August; spot has far outpaced those expectations," he added. ETH's strength has been underpinned by pro-crypto regulatory signals and heavy inflows into ETFs, with traders betting on a retest of its all-time high. Bitcoin, which has been slower to respond, is now showing signs of catching up, suggesting that institutions are less hesitant to add exposure across the board. 'Given the strong rally over the weekend, we expect prices for both BTC and ETH to continue to rise, barring any tariff shocks,' said Jeff Mei, COO at BTSE, told CoinDesk in a Telegram message.'Traders should also watch developments around the next Fed chair nomination, plus this week's CPI and PPI releases, which could shape rate-cut expectations,' Mei added. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
04-08-2025
- Business
- Yahoo
XRP Leads Market Gains, Bitcoin Nears $115K as Trump Tariffs Sour Bullish Crypto Mood
Crypto started the week steady with bitcoin (BTC) and ether (ETH) stabilizing after volatile selloffs on Friday and Saturday driven by the worst spot ETF outflows in months. Bitcoin ETFs saw nearly $1 billion in outflows across Thursday and Friday, causing the asset to drop to around $114,000 before a modest recovery. Ether followed with $152 million in outflows on Friday, snapping a nearly month-long streak of daily inflows and putting pressure on its rally. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA This came as U.S. President Donald Trump levying fresh tariffs across Asia and Europe dampened the mood in the global market, with risky bets suffering. 'The dip was driven by concerns over Trump's tariff stance and the Fed's signal that it's not keen to cut rates soon. But opportunistic buyers are already stepping in before U.S. markets open, indicating the fear may be overdone,' said Jeff Mei, COO at BTSE, in a Monday note to CoinDesk. That opportunistic pattern is apparent in some charts. Bitcoin is holding near $114,500 in early Asia trading, while ether was sitting above $3,550 — both still within short-term support zones. Retail favorites XRP (XRP) and dogecoin (DOGE) rose as much as 5% to lead market gains on Monday, with Cardano's ADA (ADA), BNB (BNB) and Solana's SOL (SOL) rising over 3%. Institutional depth also appears to be cushioning volatility, some opine. 'The rising presence of professional desks has brought deeper secondary liquidity,' said Augustine Fan, Head of Insights at SignalPlus. 'This would've been a far messier unwind in the pre-ETF era. Q4 will be an important quarter with the Fed fully back in play and the tariff-inflation spillover to start showing in the real economy, so we believe it's an opportune time to dial down risk exposure in expectation of a busy September and year-end,' Fan added. Still, ETF buyers remain absent for now, and that's keeping broader sentiment tentative. Bitcoin still sat below the critical $118,000 breakout zone, and ether needs to jump above $3,500 to avoid triggering further systematic selling. Outside crypto, the macro setup is providing a soft floor. U.S. equity futures are green, up 0.4%, after Friday's weak jobs report lifted expectations for a Fed MSCI Asia Pacific Index erased early losses, Hong Kong tech stocks broke a 7-day losing streak, and Treasury yields inched up, with 10-year paper at 4.24%. Oil drifted lower after OPEC plus wrapped up a wave of production hikes, while the dollar weakened in to access your portfolio
Business Insider
29-07-2025
- Business
- Business Insider
BTSE Sponsors Major Blockchain Conferences in Vietnam, Reinforcing Commitment to Southeast Asian Market
Ho Chi Minh City, Vietnam, July 29th, 2025, Chainwire BTSE, a leading digital asset technology company, today announced its sponsorship of two prominent blockchain conferences in Vietnam: GM Vietnam 2025 and Conviction 2025. This strategic move underscores BTSE's dedication to expanding its presence in the rapidly growing Southeast Asian market. Vietnam's crypto market is rapidly emerging as a major force in the global digital asset landscape, driven by a youthful, tech-savvy population and strong community growth. With an estimated 21–27% of the population — nearly 16 million users — actively engaged in cryptocurrency by 2025, Vietnam ranks among the world's top countries for crypto adoption. Government initiatives, including a national blockchain development strategy underscore Vietnam's commitment to supporting the sector's continued expansion. These dynamics position Vietnam as a key regional hub and innovative leader in both cryptocurrency adoption and blockchain technology implementation. BTSE's participation in GM Vietnam 2025 and Conviction 2025 will provide invaluable opportunities to connect with industry leaders, innovators, and the vibrant Vietnamese blockchain community. These events are crucial platforms for sharing insights, discussing emerging trends, and showcasing BTSE's commitment to providing secure and innovative solutions. "We are thrilled to be a Silver Sponsor of both GM Vietnam 2025 and Conviction 2025," said Jeff Mei, Chief Operating Officer at BTSE. "Vietnam is a dynamic and exciting market for blockchain technology, and these flagship industry conferences are vital for driving further adoption and collaboration. Our commitment to this region is steadfast, and we look forward to contributing to the growth and development of its thriving crypto ecosystem." GM Vietnam 2025, scheduled for August 1-2 in Hanoi, will bring together thousands of blockchain enthusiasts, developers, and entrepreneurs for a series of workshops, keynotes, and networking events. Conviction 2025, set for August 9-10 in Ho Chi Minh City, will focus on innovation and the integration of AI with blockchain technology. BTSE will have a prominent presence at both events, featuring sponsorship of key afterparties and side events. This sponsorship is a testament to BTSE's belief in the long-term potential of the Vietnamese market and its role in shaping the future of decentralized technologies. About BTSE BTSE Group is a global blockchain technology and fintech company founded in 2018, offering cryptocurrency infrastructure solutions such as exchange services, payments, and enterprise tools. BTSE operates a robust platform supporting over 200 cryptocurrencies and access to perpetual futures markets in select jurisdictions. With a monthly trading volume exceeding $30 billion globally, BTSE also offers enterprise solutions, enabling businesses to create custom white-label exchanges, wallets, and payment gateways. BTSE serves both retail and institutional clients worldwide. For more information:
Yahoo
22-07-2025
- Business
- Yahoo
What Are Traders Saying as Solana Reclaims Spotlight? ETH, DOGE, ADA See Profit-Taking
Ether (ETH) extended its climb over the weekend, jumping past $3,770 as capital shifted from bitcoin (BTC) to major tokens. The move continues a trend that has defined July trading, with slow, steady gains for BTC alongside large breakouts across Layer 1s and decentralized finance (DeFi) tokens. Bitcoin held firm above $117,400, gaining a little over 1% in the past 24 hours. XRP (XRP), BNB (BNB), dogecoin (DOGE) and Cardano's ADA (ADA) showed mixed movements as traders took profits, while Solana's SOL (SOL) surged 8% to $203, its highest price level since late February. The strength in SOL came as ecosystem player Jito introduced the Block Assembly Marketplace (BAM) in a move that some observers said boosted investor interest in SOL, as CoinDesk reported. DeFi bluechips like Uniswap and Aave have posted 20%–30% jumps in the past week. Jeff Mei, COO at BTSE, attributed this to a mix of strong ETF inflows and optimism over the GENIUS Act, a legislative proposal expected to clarify the regulatory path for DeFi platforms. 'Investors are rotating into Ethereum en masse, which explains its sustained rally over the weekend. Bitcoin still remains strong at $117,000, but it's clear that momentum has shifted towards Ethereum - the Ethereum ETFs are seeing record inflows,' Mei said in a note to CoinDesk. 'This makes sense as Ethereum is still trading well below its all-time highs and traders believe it will close the gap in the coming months,' Mei added. At current prices, ETH is still nearly 25% below its record high from 2021, providing swing traders with a defined target to aim for. As bitcoin cools near its recent highs, some fund managers are already rotating capital into ether, betting that it's next in line for a breakout. Part of that optimism stems from the growing role of ETH in institutional portfolios, especially as U.S. spot ETFs see accelerating inflows. 'We expect that Ethereum will climb back higher against BTC due to institutional support of new reserve strategies while investors fear missing out on an ETH surge similar to Bitcoin's rush to $120,000 this year,' said Nassar Al Achkar, chief strategy officer at CoinW, in a Tuesday note. Meanwhile, some say that global markets are flashing early signs of a renewed inflationary cycle. Long-dated yields are holding firm at elevated levels across major economies, while inflation breakevens — a key measure of future price pressures — have quietly climbed back to multi-year highs. 'Inflation expectations have creeped back in with long-dated yields staying elevated globally, while inflation breakevens have climbed back to the highest level in years as financial conditions stay loose,' Augustine Fan, head of insights at SignalPlus, said in a Telegram message. 'Crypto has certainly not shied away from our own FOMO moment. It certainly feels like that the good days are back until further notice,' Fan in to access your portfolio
Yahoo
18-07-2025
- Business
- Yahoo
Cardano, Dogecoin, XRP Lead Market Rebound as Crypto Bets Surge Post-GENIUS Act Clearing
Crypto markets rallied sharply in the past 24 hours with ether (ETH) and major tokens surging on renewed risk appetite, growing ETH treasury demand, and macro tailwinds following the passage of the GENIUS Act. ETH climbed 8.1% in the last 24 hours to $3,601, extending its 7-day gain to 21.3%, as traders priced in expectations of deeper institutional allocation. The move was driven in part by news that SharpLink Gaming, now the largest corporate holder of ETH, expanded its stock sale to $6 billion to fund additional ETH accumulation, mirroring early bitcoin (BTC) strategies from firms like MicroStrategy. 'The crypto market's resilience reflects deepening institutional conviction,' said Eugene Cheung, chief commercial officer at OSL. 'Companies are rapidly accumulating ETH as part of reserve strategies while BTC maintains steady dominance.' Projects like SharpLink's ETH bet underscore a structural shift toward crypto as a macro asset class.' The risk-on mood follows the GENIUS Act's passage, which is widely seen as a pro-crypto legislative catalyst. Bitcoin briefly touched new all-time highs and remains stable at $120,286, while ETH's momentum helped pull broader altcoins higher. Cardano's ADA (ADA) surged 14.6%, XRP (XRP) gained 17.2%, and Dogecoin (DOGE) added 12.5%, all within the past 24 hours. While buying pressure remained concentrated on ETH, traders rotated into large-cap altcoins viewed as laggards relative to ether's breakout. These assets tend to rally in tandem with ETH during periods of rising market confidence, especially when capital flows into Ethereum Layer 1s and older majors in search of beta. With ETH pulling ahead, short-term positioning favored high-liquidity tokens that typically benefit from a 'catch-up' trade as altseason expectations build. 'We had an incredible rally this past week,' said Jeff Mei, COO at BTSE. 'ETH jumped by a whopping 20% to reach $3,600. We think it could revisit all-time highs as more companies adopt ETH treasury strategies. 'Altcoin summer looks likely, especially if the Fed cuts rates,' Mei added. ETH dominance — long overshadowed by BTC's macro narrative — is beginning to reassert itself as the ETH/BTC ratio rebounds. With $64 billion in 24-hour ETH trading volume and inflows into ETH-linked ETFs on the rise, traders are likely positioning for Ethereum-led upside into 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
