From Yahoo Finance: 2025-06-04 21:47:00

Asian markets are eyeing Ethereum (ETH) hitting $2600, but OKX’s Lennix Lai sees potential for $3000 if Vitalik Buterin scales Layer 1 infrastructure. Macro events like ECB’s rate decision and U.S. jobs data could push ETH over $3000 short-term, but long-term success relies on Buterin’s roadmap and institutional inflows.

In South Korea, crypto is more popular than the stock market, with 16.29 million daily active traders compared to 14.24 million equity traders. With new President Lee Jae-myung, crypto’s role in politics remains strong, tied to U.S. regulatory trends. Stablecoin policy development and AI investment are expected under Lee’s administration.

Circle’s IPO priced at $31 per share, raising $1.1 billion and valuing the stablecoin issuer at $6.9 billion. Trading under “CRCL” on NYSE, the listing reflects renewed legislative interest in digital assets. U.S. House Republicans are advancing the Digital Asset Market Clarity Act to regulate crypto markets, addressing industry demand for clear frameworks and preventing innovation moving offshore.

Bitcoin (BTC) faces volatility amid institutional withdrawals, struggling to hold support above $105,000. Ethereum (ETH) surged 4% from $2,590 with institutional buying and whale accumulation. Gold rallied to $3,382, driven by weak U.S. economic data and trade tensions. Japan’s Nikkei 225 dipped 0.39%, while the S&P 500 closed higher at 5,970.81, supported by tech shares.



Read more at Yahoo Finance: Vitalik’s Plan Can Bring ETH to $3K and Crypto ‘More Popular’ Than Stocks in South Korea