27 May 2025
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Thai Banks Could Soon Hold Crypto, SCB10X CEO Indicates Sandbox Intentions
Market Overview
- Uniswap's UNI token increased by 5% from $6.00 to $6.65 over 24 hours, coinciding with a record monthly transaction volume exceeding $73 billion and revenue surpassing $380 million.
- SCB10X's new CEO highlights opportunities at the intersection of AI and crypto, anticipating clearer U.S. regulations will enhance deal flow into Asian markets.
- Trader James Wynn shifted focus from Bitcoin to memecoins, placing a leveraged $1 million bet on Pepe (PEPE) after closing a $1.2 billion Bitcoin position at a loss.
- Strategy (MSTR) acquired an additional 4,020 BTC for $427 million, bringing total holdings to 580,250 BTC, reflecting ongoing commitment to Bitcoin investments.
Market Movements
- BTC: Steady near $109,000 amid macroeconomic uncertainty.
- ETH: Resilient above $2,500, supported by institutional inflows.
- Gold: Slight dip but remains above $3,310 due to bullish outlook.
- Hang Seng: Opened lower at 23,304, driven by tech losses.
- Nikkei: Dipped 0.13% as markets reacted to tariff delays.
- S&P 500: Closed for Memorial Day.