MicroStrategy Sell-off & China’s Stimulus: The Rocket Fuel for an Altcoin Rally? | APAC Morning Brief

Brace for impact—MicroStrategy's Bitcoin shuffle and Beijing's liquidity surge might just light the fuse on crypto's next big move.

Altcoins primed for takeoff?

While traditional markets yawn at stimulus packages (been there, bailed that), digital assets are quietly gearing up for their own stimulus party—no central bank invites needed.

Key triggers:

- Corporate BTC drama meets state-sponsored liquidity

- APAC traders already front-running the FOMO

- ETH, SOL, and other alts coiled like springs

One trader's 'stimulus' is another's speculative bubble—but when has that ever stopped crypto? The only certainty: volatility's back on the menu.

Past Half-day News Round-Up

Crypto inflows surged sixfold to $3.75 billion last week, hitting record highs. BlackRock’s iShares captured 86% of flows while Ethereum dominated with $2.87 billion.

XMR surged 4% despite Kraken temporarily freezing deposits after AI protocol Qubic claimed majority control. Technical indicators show bullish momentum with RSI at 56.49 and MACD crossing above signal line.

Crypto investigator ZachXBT accused BlockDAG of fabricating its $375 million presale milestone. The allegations remain unproven, citing circumstantial evidence including delayed mainnet launch and suspicious exchange listings.

Market analysts express growing Optimism about XRP’s future despite its 4.84% drop to $2.97. Crypto analyst Egrag Crypto identifies XRP in the third phase of a three-year cycle pattern.

Strategy announced a $51.4 million Bitcoin purchase while Michael Saylor revealed potential stock sales for debt. This strategy shift raises community concerns about pivoting from the company’s aggressive Bitcoin acquisition approach.

Ethereum ETFs surpassed Bitcoin-based products in July, earning “ETF of the Month” recognition from Bloomberg analysts. Corporate inflows led by BitMine’s $6.6 billion ETH holdings are driving institutional acceptance despite volatility.

The US Treasury seeks public feedback on implementing stablecoin regulations under the GENIUS Act. Stablecoin issuers have a grace period of either 18 months or 120 days after finalization.

VanEck predicts bitcoin will reach $180,000 by year’s end, citing strong institutional investment and low volatility. The firm highlights that 92% of on-chain holdings were profitable before BTC’s recent all-time high.

Asia News Round-up

Japanese construction firm LibWork approved a $3.4 million Bitcoin purchase as treasury hedge against inflation. The company plans to integrate Bitcoin with its “3D printer house NFT” project, reflecting Asia’s growing corporate Bitcoin adoption trend.

Henan Province declined creating local cryptocurrency seizure disposal rules, urging Beijing for unified national regulations instead. China’s 2021 crypto ban created a legal vacuum, with Beijing pioneering cross-border disposal through Hong Kong exchanges.

China’s weakening economic data could prompt PBOC stimulus measures as early as September, potentially sparking altcoin rallies. Analysts highlight Bitcoin’s 94% correlation with global liquidity, suggesting Chinese monetary policy could drive crypto markets higher.

Japan’s FSA will approve JPYC as the nation’s first yen-denominated stablecoin for launch this year. Circle invested in JPYC through Series A funding, with the token maintaining yen parity using bank deposits and government bonds as backing.

Stocks on the Pacific horizon

US futures showing mild weakness ahead of Asian session. Regional markets opening with modest gains across major indices. Asian trading hours: Tokyo (00:00-06:00 UTC), Hong Kong/Shanghai (01:30-08:00 UTC), Seoul (00:00-06:00 UTC).