Institutional Buying Makes $3K ETH Likely, While AI Agents Seek Crypto Rails
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.
As Asia begins its Thursday business day, ETH is trading at $2,770.
ETH is up almost 11% this month, according to CoinDesk market data, outperforming BTC, which rose 5%.
Part of this could be because of institutional trading demand, and the fact that it’s overtaken BTC in derivatives markets as sophisticated investors increasingly bet on ETH’s structural growth and role as a gateway between decentralized finance (DeFi) and traditional finance (TradFi), OKX Chief…
