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Good Morning, Asia. Here's what's making news in the markets: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 week. The world's largest digital asset remained relatively stable over the weekend, with a 0.4% movement, and trading volume was compressed.While overall market conditions remain bullish, a new report from CryptoQuant suggests that certain metrics indicate the BTC market is “overheating.”The report shows bitcoin demand has climbed to 229,000 BTC over the past 30 days, approaching the December 2024 peak of 279,000 BTC. At the same time,...

Meet James Wynn, the pseudonymous trader on Hyperliquid who became famous for his $1 billion bitcoin short bet, could now be gaining a new kind of fame: as crypto’s own “Inverse Cramer.”For those unfamiliar with the Cramer lore: he’s the high-octane, loud-money mascot of CNBC’s Mad Money, a former hedge fund manager turned stock picker with a hit-or-miss track record that turned into a meme. Many retail traders started doing the exact opposite of his recommendations, and the idea became so famous that an “Inverse Cramer ETF” was launched (it was later shut down, but the meme lives on).Now, crypto traders might have found their new "Inverse Jim Cramer" in James Wynn's trading wallet. "The winning strategy lately? Do the...

XRP, used by Ripple to facilitate cross-border transactions, ended May with signs of indecision. Still, activity on the dominant crypto options exchange, Deribit, suggests that bulls aren't ready to back down yet.The payments-focused cryptocurrency formed a "doji" with a long upper shadow in May, a classic sign of indecision in the market, according to charting platform TradingView. The long upper wick suggests that bulls pushed prices higher to $2.65, but bears stepped in and rejected those levels, driving prices down to near the level seen at the start of the month.The appearance of the doji suggests the recovery rally from the early April lows near $1.60 has likely run out of steam. Doji candles appearing after uptrends often prompt technical...

Ethereum (ETH) faced renewed downside pressure in late trading, tumbling below the $2,500 level as selling volume surged and broader risk sentiment weakened. Global trade tensions and renewed U.S. tariff risks have triggered risk-off flows, with digital assets increasingly mirroring traditional markets in their reaction to geopolitical uncertainty.On-chain data revealed sizable inflows to centralized exchanges — most notably 385,000 ETH to Binance —a dding to speculation that institutional players may be trimming positions. Although ETH has since recovered modestly to trade around $2,506, market observers are closely watching whether buyers can defend this level or if another leg lower is imminent.Technical Analysis HighlightsETH traded within a volatile $48.61 range (1.95%) between $2,551.09 and $2,499.09.Price action formed a bullish ascending channel...

Uniswap’s native token initially broke below its uptrend line after failing to hold momentum above the $6.00 support level. The decline followed the formation of an ascending channel earlier in the day, but that structure collapsed under high-volume selling, including a spike of over 1.4 million units as prices briefly touched $6.00. However, the breakdown proved temporary. UNI quickly reversed course and climbed back to $6.18, indicating strong dip-buying interest and suggesting the uptrend may still be intact if support near $6.05 continues to hold.Technical Analysis HighlightsUNI formed a clear ascending channel throughout most of the day, with notable support at the $6.00 level backed by above-average volume.A sharp reversal occurred as UNI briefly broke below its uptrend line, triggering...