{"id":33101,"date":"2025-06-23T02:31:45","date_gmt":"2025-06-23T02:31:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33101"},"modified":"2025-06-23T02:31:45","modified_gmt":"2025-06-23T02:31:45","slug":"asia-morning-briefing-btc-reclaims-100k-as-markets-shrug-off-iran-strike","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33101","title":{"rendered":"Asia Morning Briefing: BTC Reclaims 100K as Markets Shrug off Iran Strike"},"content":{"rendered":"
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Good Morning, Asia. Here’s what’s making news in the markets:<\/strong><\/h2>\n

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.<\/a><\/em><\/p>\n

As Asia begins the trading week, BTC is trading above $100,500<\/a> as the initial volatility from news over the weekend that the U.S. struck some of Iran’s nuclear facilities begins to subside.<\/p>\n

While prices briefly dipped below six figures on Sunday in a risk-off reaction<\/a>, markets have since stabilized. Equity futures are flat, and gold is up only marginally, suggesting that traders are not yet pricing in a broader escalation.<\/p>\n

The lack of follow-through in traditional markets may reflect expectations that Iran\u2019s response will be contained or delayed, rather than immediate and destabilizing.<\/p>\n

Crude oil is holding its gains near $76 per barrel<\/a> after spiking nearly 4% Sunday evening on fears that Iran could block the Strait of Hormuz, a key chokepoint for global oil shipments. Still, commentary from U.S. officials and muted early-week trading suggest that investors remain in a wait-and-see mode.<\/p>\n

In crypto markets, altcoins that had mirrored BTC\u2019s weekend drop, like ETH, XRP, and SOL, are also clawing back losses.<\/p>\n

For now, the market appears to be treating the U.S.-Iran clash as a geopolitical flashpoint, not a structural break.<\/p>\n

\"(CoinDesk)\"<\/p>\n

OKX Considering U.S. IPO: Report<\/strong><\/h2>\n

Crypto exchange OKX is considering a public listing in the U.S., according to a report from The Information<\/a>.<\/p>\n

Earlier this year, the exchange announced a U.S. expansion after settling with the Department of Justice<\/a> over accusations that it operated in the country without a money transmitter license.<\/p>\n

Bullish, a competitor to OKX, and the parent company of CoinDesk, is said to be considering an IPO<\/a> given the appetite investors have for companies with exposure to digital assets.<\/p>\n

OKX told CoinDesk it had no comment on the matter.<\/p>\n

Polymarket Bettors Less Certain About Second U.S. Strike on Iran<\/strong><\/h2>\n

Polymarket bettors are cooling to the idea that the U.S will hit Iran a second time before the end of the month.<\/p>\n

The ‘yes’ side of a contract asking if the U.S. will conduct another military action on Iran by June 30 is now trading at 54%, from 74% in the hours after the initial strike on Iranian nuclear sites.<\/a><\/p>\n

There appears to be a growing market belief that deconfliction \u2013 on both sides \u2013 is on the agenda, as evidenced by another contract<\/a> asking bettors about the likelihood of Iran closing the Strait of Hormuz, which is currently trading at 49% down from 52%<\/a>.<\/p>\n

Market Movements: <\/h2>\n