September 26, 2025 — Vietnam Insider – At a livestream on his personal fanpage titled “Digital Assets – Opportunities and Risks,” businessman Nguyễn Hòa Bình, widely known as Shark Bình, Chairman of NextTech Group, shared his candid views on blockchain, cryptocurrencies, and digital assets — sectors that continue to spark heated debate in Vietnam and globally.

Although he emphasized that he is not a blockchain technology expert, Shark Bình noted that he has explored and invested in the field since 2017. From his personal experience, he drew a stark conclusion: “Serious investment in this sector will certainly lead to total loss.”

“99% of blockchain projects fail”

According to Shark Bình, the overwhelming majority of blockchain projects lack real-world applications. He estimated that as many as 99% of them either collapse or fail to deliver tangible benefits for users. In his words, blockchain today resembles a “game created by major powers” rather than a source of sustainable value.

Retail investors and the dream of quick wealth

One of his sharpest observations was directed at retail investors, whom he described as mostly low-capital individuals driven by the dream of rapid enrichment. Many, he said, jump into new tokens after hearing stories of coins multiplying in value overnight, exposing themselves to high risks. He characterized the crypto space as a “purely manipulated market,” where prices are easily swayed by a small circle of players.

Investor psychology: “Gratitude fades, blame persists”

Shark Bình also addressed investor behavior, observing that when investors profit, they rarely express gratitude, but when losses occur, they often resort to blame or even hostility. He stressed that investing in any asset class — whether stocks, gold, or crypto — always carries risks, and individuals must take responsibility for their own decisions.

Blockchain as “a technology that complicates the simple”

In his assessment, blockchain consumes far more resources than traditional solutions and has yet to deliver meaningful positive value. For that reason, Shark Bình declared that he would no longer commit capital to blockchain, remarking: “I’m too afraid now.”

His advice: invest in yourself

Shark Bình concluded by encouraging startups and young entrepreneurs to focus on investing in themselves, as skills, knowledge, and creativity are far more sustainable foundations for success than chasing volatile trends like crypto.

Mixed reactions from the community’s

His remarks quickly generated a wave of mixed responses online. Some agreed with his forthright perspective, while others in the crypto community criticized him for being overly pessimistic. Anticipating pushback, Shark Bình acknowledged that his comments might even threaten some people’s livelihoods, but insisted: “I’m only sharing the truth from my own experience. Anyone who invests must bear responsibility for their choices.”

“Shark Bình’s comments reflect the skepticism that still surrounds the crypto market, especially in emerging economies. While it is true that many projects have failed and retail investors often take on outsized risks, this does not negate the transformative potential of blockchain and digital assets when developed under a strong regulatory framework. Vietnam is now moving toward a licensed and more transparent crypto environment, which will gradually separate speculative ventures from sustainable innovations. For global investors, this moment represents not an end, but the beginning of a more disciplined and institutionalized digital asset market in Vietnam.”

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Source: Vietnam Insider

(Vietnam Insider) – The U.S. Federal Reserve has cut interest rates for the first time in 10 months, igniting fresh debates across financial markets—and especially in the crypto world. The key question: Is this the beginning of a sustainable rally, or merely a fleeting boost?

A Shift Driven by Weakening Economic Signals

The Fed reduced the federal funds rate by 25 basis points to a range of 4–4.25%, a widely anticipated move. Chair Jerome Powell framed it as a “risk management” cut, signaling the start of a new monetary easing cycle.

The decision comes amid troubling U.S. economic data. Growth slowed in the first half of the year, while the once-resilient labor market is losing momentum. The August jobs report showed only 22,000 new jobs—the weakest since 2021—while unemployment climbed to 4.3%. Powell admitted that labor market softness is partly linked to changes in immigration flows.

Political pressure has also been mounting. President Donald Trump has repeatedly criticized the Fed’s slow response in lowering rates. Powell stressed the Fed’s independence, but political noise has clearly weighed on policy.

Still, the Fed’s task remains delicate. Inflation has recently ticked up again, while new tariff policies could complicate efforts to return price growth to the 2% target. The Fed is walking a tightrope—supporting a slowing economy without reigniting inflation.

Fed chairman Jerome Powell

Markets Shrug: A Well-Priced Decision

Markets reacted with muted volatility. Bitcoin briefly jumped 1% before slipping 1.5% to around $115,000. U.S. equities and gold followed similar patterns—short-lived rallies followed by declines.

This muted reaction reflects the fact that the cut was fully priced in. On Polymarket, investors had already bet with 93% certainty that the Fed would act. With no surprise factor, markets saw no catalyst for sustained momentum.

Crypto-related equities were mixed: Coinbase (COIN) and MicroStrategy (MSTR) dipped, while smaller bitcoin-holding firms rose, suggesting retail rotation rather than broad institutional inflows.

Optimists: The End of Tight Money

For bullish investors, the cut matters less in magnitude than in meaning: the Fed’s tightening cycle is over, and cheaper money lies ahead.

“Risk repricing is now the central theme, creating an asymmetric setup for bitcoin,” said Matt Mena, strategist at 21Shares. “Today’s cut is just the spark—the Fed’s dot plot, implying more cuts ahead, could pave the way for bitcoin to challenge record highs later this year.”

Lower rates reduce the opportunity cost of holding non-yielding assets like bitcoin, making them more attractive versus government bonds. The Fed’s projections point to two more cuts this year, with rates potentially falling to 3.6% in 2025. This sets up a friendlier macro backdrop for risk assets.

Skeptics: Beware of the “Sugar High”

Others caution against overexuberance. Ira Auerbach, former head of digital assets at Nasdaq, warned: “This is a tailwind, not a turning point.”

An anonymous trader, IronLedger, was more blunt: “It’s a sugar rush. It doesn’t fix crypto’s structural problems—liquidity, regulation, or adoption. Retail remains sidelined, institutions are cautious, and a 25bp cut can’t undo two years of tightening.”

For skeptics, crypto’s future depends less on Fed policy and more on its own fundamentals—regulatory clarity, breakthrough applications, and renewed investor trust. Without these, monetary easing alone cannot deliver a sustainable bull market.

Outlook: A Door Opens, But the Path is Uncertain

By cutting rates, the Fed has removed one of the biggest headwinds for crypto over the past two years. The macro environment is shifting toward accommodation, giving bitcoin and other risk assets room to breathe.

Yet whether bitcoin can capitalize on this depends on the crypto industry itself. Can innovation re-ignite adoption? Will regulators provide clear rules of the game? Will institutional investors re-engage with conviction?

The Fed’s cut is not a cure-all—it is an opportunity. Crypto’s “winter” may be ending, but true “spring” will only arrive once the sector resolves its internal challenges.

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Source: Vietnam Insider

In the quiet of summer, a wave of capital from Wall Street and the behind-the-scenes stable-coin strategies of major U.S. banks may be silently pushing Bitcoin toward a new record. The question on everyone’s mind: Could Bitcoin set a fresh all-time high as soon as this July?

As July unfolds, the global crypto investment community is closely watching every move Bitcoin makes. After a period of sideways trading, the key question is whether Bitcoin now has the strength to break through its historical peak and establish a new price milestone during these summer months.

While typical factors such as market sentiment and sector-specific events still attract attention, some of the strongest forces driving Bitcoin’s rise appear to be coming from unexpected sources: giant investment funds on Wall Street and banking titans like JPMorgan.

Bitcoin, once a niche asset available only on specialized crypto exchanges, has become significantly easier to access. Since the start of the year, the introduction of spot Bitcoin ETFs has opened a new gateway for investors. These financial products enable everyone—from trillion-dollar pension funds to everyday retail investors—to buy Bitcoin easily and securely on the stock market, just like purchasing shares of Apple or Google. The launch of these ETFs has sparked a wave of enthusiasm. Data shows continuous inflows into these funds, with a recent streak of 15 consecutive days of net buying. This demonstrates that major institutions, managing vast pools of assets, have strong confidence in Bitcoin’s potential and are actively accumulating it.

Markus Thielen, head of research at 10x Research, describes this institutional demand as one part of a “perfect storm” that could push Bitcoin to $116,000 as early as this month. The other elements of this storm include an unprecedented tightening of supply and growing expectations of looser U.S. monetary policy. The amount of Bitcoin available for trading on exchanges has fallen to record lows. As supply becomes scarce and demand surges—thanks in large part to ETF buying—prices are under upward pressure. At the same time, speculation is growing that the U.S. Federal Reserve may ease monetary policy in the months ahead. This would inject additional liquidity into the economy, making traditional currency cheaper and boosting the appeal of scarce, store-of-value assets like Bitcoin.

These combined forces—strong institutional inflows and a shrinking supply—are creating an exceptionally solid platform for Bitcoin’s price in the short term.

Beyond these immediate drivers, an ambitious plan by America’s largest banks may shape Bitcoin’s trajectory over the longer term. Arthur Hayes, one of the crypto sector’s most influential figures, has outlined a scenario in which the U.S. government seeks new ways to finance its enormous national debt, with major banks like JPMorgan playing a key role. In this scenario, banks would issue their own stablecoins—digital tokens pegged 1:1 to the U.S. dollar—and shift a portion of their massive customer deposits into these digital dollars. To back these coins, the banks would purchase U.S. government bonds, creating a perfect cycle in which the government gains a reliable buyer for its debt and banks earn safe returns.

This quiet injection of liquidity into the system could drive investors to seek out reliable stores of value, with Bitcoin standing out thanks to its fixed 21 million coin supply. The result would be sustained, long-term demand for Bitcoin—not just a short-term price boost, but a structural growth driver for years to come.

Despite these bullish signals, investors should maintain a realistic perspective. While the upside potential is significant, the path to a new peak is unlikely to be a straight line. Historically, the July-to-September period tends to see lower trading volumes and a more subdued market. On-chain data from analytics firm CryptoQuant shows that the average unrealized profit among long-term Bitcoin holders stands at around 220 percent—an impressive figure, but still below the 300 to 350 percent levels seen during previous cycle tops in March and December 2024. This suggests the market remains in a bullish phase but has not yet reached the kind of euphoria that typically accompanies major peaks. Analysts believe Bitcoin may need to approach the $140,000 mark to trigger that kind of sentiment.

For now, Bitcoin trades near $107,000, just 4 percent below its all-time high. However, the decline of the Bull Score index to a neutral reading of 50 indicates that upward momentum may be pausing in the short term. While the market could take a breather over the summer, the signals from Wall Street and America’s banking giants are clear: Bitcoin is gaining deeper acceptance and becoming more integrated into the global financial system.

For investors, this is a critical moment to stay vigilant. The most significant moves may be unfolding quietly behind the apparent calm of summer.

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Source: Vietnam Insider

Vietnam Insider – Bitcoin has reached a historic milestone, hitting an all-time high of $112,000 in May 2025. This price surge has propelled its market capitalization to $2.1 trillion, placing it on par with some of the largest tech giants in the world.

According to the latest data from Yahoo Finance and CoinMarketCap, Bitcoin now surpasses the market value of companies like Tesla ($1.1T), Meta ($1.7T), and Broadcom ($1.2T), and is tied with Alphabet (Google) at $2.1 trillion. It even edges close to Amazon ($2.2T) and remains just behind mega-cap leaders like Apple ($3.0T), Microsoft ($3.4T), and NVIDIA ($3.5T).

This remarkable growth reflects renewed investor confidence in digital assets, driven by increasing institutional adoption, global inflation concerns, and a broader acceptance of cryptocurrencies in mainstream finance.

Bitcoin’s rise in market value also signals its growing influence as a digital store of value and an alternative to traditional financial systems, especially at a time when technology and fintech continue to reshape global markets.

As of June 3, 2025, here’s how Bitcoin compares to top global corporations by market cap:

• NVIDIA: $3.5T
• Microsoft: $3.4T
• Apple: $3.0T
• Amazon: $2.2T
• Alphabet (Google): $2.1T
• Bitcoin: $2.1T
• Meta: $1.7T
• Broadcom: $1.2T
• Tesla: $1.1T
• Berkshire Hathaway: $1.1T

Vietnamese investors and tech enthusiasts are closely watching these global movements, with digital assets becoming increasingly popular among young professionals and innovation-driven enterprises in the country.

Stay tuned with Vietnam Insider for more updates on global finance, crypto trends, and technology developments.

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Hanoi, May 9 – Bitcoin soared past the $100,000 threshold on Thursday, reaching an intraday high of $101,370, marking its highest level since early February. The rally signals renewed investor confidence in risk assets, including cryptocurrencies, following a turbulent April dominated by global trade tensions.

The milestone comes as market sentiment improves in the wake of news that the White House has reached a trade agreement with the UK. Analysts believe the breakthrough may help unwind uncertainties surrounding last month’s tariff disputes and reignite risk appetite across financial markets.

Similar to equities, bitcoin has recently been trading in tandem with broader risk assets, responding positively to easing trade concerns. “Tariff tensions made safe-haven assets like the dollar and Treasurys more attractive in April,” analysts noted. “As those concerns ease, bitcoin is regaining its allure.”

Another major catalyst behind bitcoin’s rally is surging institutional interest. According to Standard Chartered, inflows into spot bitcoin ETFs have climbed to $5.3 billion over the past three weeks, indicating a significant rise in demand since mid-April. Major firms are entering what some call an “arms race” to acquire bitcoin, including Strategy, which is reportedly planning to spend $84 billion on further acquisitions.

Meanwhile, developments at the state level in the U.S. have also given crypto advocates reasons for optimism. New Hampshire and Arizona recently introduced state-level crypto reserves, marking the first such move in the country. However, Zack Shapiro of the Bitcoin Policy Institute suggests the long-term market impact of state initiatives may be limited compared to the influence of Wall Street players.

Despite the bullish momentum, some experts caution that the rally is occurring on relatively low trading volume, which could make prices more volatile in the short term. “Low volume rallies are often fragile,” said crypto analyst Puckrin, adding that ongoing trade policy uncertainties could still disrupt market dynamics.

Nevertheless, Standard Chartered remains optimistic, projecting bitcoin could reach $120,000 in Q2, though the bank now admits that figure may underestimate the token’s upside potential. “Given the momentum and institutional inflows, bitcoin may very well surpass our previous target,” the bank’s global head of digital assets research said in a note on Thursday.

With the crypto market regaining steam, investors will be closely watching whether bitcoin can sustain this rally—and possibly reach new all-time highs in the coming weeks

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VanEck’s Vision for Vietnam’s Crypto Market

During a recent meeting with the State Securities Commission of Vietnam, Jan van Eck, CEO of VanEck Asset Management, expressed the company’s interest in forming a Bitcoin investment fund in collaboration with SSI Securities Corporation, one of Vietnam’s largest brokerage firms. Van Eck emphasized that a “proactive yet cautious, step-by-step approach” would be a prudent strategy for Vietnam in developing its cryptocurrency market.

In a separate discussion with Deputy Minister of Foreign Affairs Nguyen Minh Vu, van Eck highlighted VanEck’s pioneering role in launching exchange-traded funds (ETFs) for Bitcoin and Ethereum investments globally. He stressed that VanEck is keen to share its expertise in governance, risk management, and modern financial technology to support Vietnam’s evolving digital asset landscape.

Opportunities for Vietnam in Blockchain and Digital Assets

Vietnam is at a critical juncture in adopting blockchain and digital asset technologies. Recent changes in U.S. policies regarding cryptocurrency markets are opening new doors for international collaboration, particularly in legal framework development. VanEck anticipates high-level engagements between Vietnamese and U.S. regulators in the coming months to facilitate structured progress in this sector.

To accelerate this transformation, Vietnam is working on formalizing its legal framework for digital assets, including cryptocurrencies. A directive from Prime Minister Pham Minh Chinh has tasked the Ministry of Finance with finalizing a resolution to regulate digital assets. This resolution is expected to establish a pilot cryptocurrency exchange, providing investors with a legal and regulated platform for trading digital assets.

VanEck’s Global Leadership in Digital Asset Investments

Founded over 70 years ago, VanEck is recognized for its innovative investment solutions in global growth stocks, commodities, and digital assets. By the end of 2024, the firm managed over $113.8 billion in assets, primarily through ETFs, mutual funds, and institutional accounts.

VanEck has been at the forefront of cryptocurrency investments. In early 2024, the U.S. Securities and Exchange Commission (SEC) approved the VanEck Bitcoin Trust ETF, a move that significantly legitimized Bitcoin ETFs in mainstream finance. The fund currently holds approximately 14,020.9 BTC, valued at around $1.19 billion, showcasing the firm’s strong commitment to digital asset investments.

Vietnam’s Path to Becoming a Regional Crypto Hub

As Vietnam accelerates efforts to create a comprehensive regulatory framework for digital assets, global firms like VanEck see significant opportunities to participate in the country’s financial evolution. The Ministry of Finance has clarified that the planned cryptocurrency exchange will be managed by state-authorized entities, with clear guidelines on how Vietnamese firms can issue digital assets for fundraising.

Jan van Eck’s visit signals growing confidence in Vietnam’s potential as a regional hub for cryptocurrency and blockchain investment. By leveraging global expertise and collaborating with leading local financial institutions, Vietnam is positioning itself at the forefront of digital asset innovation in Southeast Asia.

For foreign investors, VanEck’s potential entry into Vietnam represents a major step toward legitimizing the country’s cryptocurrency sector, unlocking new opportunities for institutional investment, and fostering long-term growth in digital finance.

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Source: Vietnam Insider

The move higher will be driven by institutional, corporate and nation-state adoption, the report said.

Bitcoin (BTC), the world’s largest cryptocurrency, is likely to reach new highs next year and will “test or best” $185,000 in the fourth quarter of 2025, Galaxy Research said in a report last week.

Ether (ETH), the second-largest crypto, is predicted to rise above $5,500 in the next 12 months, the report said.

Galaxy said it expects five Nasdaq-100 companies and five nation states to say they have added bitcoin to their balance sheets or sovereign wealth funds next year, and competition among these countries will drive the next wave of adoption, the report said.

The total assets under management (AUM) of U.S. spot bitcoin exchange-traded funds (ETFs) is expected to surpass $250 billion in 2025, Galaxy forecast, and at least one leading wealth management platform will announce a bitcoin allocation of 2% or higher next year.

Bitcoin decentralized finance (DeFi) is also expected to boom, Galaxy said. The total amount of BTC locked in DeFi is forecast to double next year from the current $11 billion.

The trend of miners pivoting to high-performance computing (HPC) is expected to continue, and more than half of the 20 largest listed bitcoin mining firms will announce deals with artificial intelligence firms (AI) or hyperscalers in 2025, the report added.

Bitcoin will reach 20% of gold’s market cap next year, the report predicted.

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The Israel Securities Authority approval was granted last week, Calcalist reported.

Six mutual funds tracking the price of bitcoin (BTC) will debut in Israel next week after the Israel Securities Authority (ISA) granted permission for the products, Calcalist reported on Wednesday.

All six will start operations on the same day, Dec. 31, a condition imposed by the regulator, Calcalist said. Final approval for the funds was granted last week.

The funds will be offered by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI, with management fees ranging from as high as 1.5% to 0.25%. One of the funds will be actively managed, trying to beat bitcon’s performance. They will initially transact just once a day, though future products will be able to trade continuously, Globes said in a Tuesday report, citing market sources.

The ISA’s approval comes almost a year after the U.S. Securities and Exchange Commission (SEC) greenlighted spot bitcoin exchange-traded funds (ETFs) in the world’s largest economy, during which the world’s largest cryptocurrency has more than doubled to trade near a record high. The U.S. funds have gathered a net $35.6 billion of investor cash.

“The investment houses have been pleading for more than a year for ETFs to be approved and started sending prospectuses for bitcoin funds in the middle of the year. But the regulator marches to its own tune. It has to check the details,” an unidentified senior executive at an investment house told Calcalist.

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BTC takes a breather after an indecisive Tuesday, as the Fed is expected to cut rates Wednesday while signaling slower easing next year.

Bitcoin (BTC) is taking a breather, experiencing selling pressure after Tuesday’s indecisive price action marked by a Doji candle. This seems to be a classic case of traders de-risking in anticipation of an expected hawkish Fed rate cut later Wednesday.

The leading cryptocurrency by market value traded around $103,750, marking a 2% drop for the day, according to TradingView and CoinDesk data. Prices had surged to a record high of over $108,000 on Tuesday but failed to maintain those gains, ending the UTC day flat. That formed a ‘doji,’ a candlestick pattern that signifies indecision and potential bullish exhaustion when seen at record highs.

As expected, bitcoin’s decline has resulted in even larger losses for alternative cryptocurrencies, but some majors, such as XRP, SOL, and ETH, are experiencing losses comparable to BTC.

The Fed will announce the rate decision, the interest rate dot plot, projections, and economic forecasts at 14:00 ET. Fed Chair Jerome Powell’s press conference will be held a half hour later.

The consensus is that the Fed will cut rates by 25 basis points to the 4.25% to 4.5% range, marking a total easing of 100 basis points since September. But, the dot plot is expected to show fewer rate cuts for next year.

“The risk of slightly stronger near-term growth with the threat of higher inflation – tariffs putting up prices of goods and immigration controls potentially lifting wages and costs in the likes of agriculture, construction and hospitality sectors – means that we expect them to signal only three rate cuts in 2025. Previously, they had suggested four,” analysts at ING said in a note to clients.

“We look for 25bp of cuts per quarter in 2025 with a terminal rate of around 3.75% in the third quarter,” analysts added, noting the possibility of the Fed revising their projections for economic growth and inflation.

These so-called hawkish expectations are likely fueling the de-risking in the crypto market that is looking for reasons to correct, having seen prices for BTC soar from $70,000 to over $100,000 in less than two months.

It’s important to note that fewer rate cuts do not necessarily mean tightening; easing is still on the table. This suggests that the path of least resistance for risk assets remains tilted toward the upside.

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Source: Vietnam Insider

The record trading activity on HyperLiquid’s perpetuals market is characrterized by users recently leaning more toward ether than bitcoin.

Bitcoin (BTC) is not the only one setting milestones. HyperLiquid, the leading on-chain perpetuals trading protocol operating on its custom-built layer 1 blockchain, is setting impressive records, too, with the platform seeing more activity in ether (ETH) than bitcoin.

The cumulative perpetuals volume on the platform has surged past $500 billion, registering a staggering 15-fold year-to-date rise, according to DefiLlama.

The platform has seen an average daily volume of over $5 billion in the past seven days, accounting for over 45% of the total onchain perpetuals market activity of the past 24 hours.

What’s more interesting is that ether, not bitcoin, is leading the boom in activity this week. Since Monday, ether perpetuals have registered a cumulative trading volume of $7 billion. That’s 18% greater than bitcoin’s tally of $5.94 billion, according to data source stats.hyperliquid.xyz.

Ether has also led the growth in the cumulative notional open interest on the platform since late November. At press time, ether perpetuals worth $857.5 million were active, accounting for nearly 25% of the total open interest of $3.49 billion.

The increased activity in ether on HyperLiquid represents sticky capital that could fuel the next leg up in the second-largest cryptocurrency by market value. As of writing, ETH was changing hands at $3,900, representing a 70% year-to-date gain, CoinDesk data shows.

The success stems from HyperLiquid being a purpose-specific protocol rather than a general all-purpose chain, according to some observers.

“HyperLiquid’s success appears rooted in prioritizing product-market fit, blending institutional-grade performance with DeFi accessibility, such as no KYC requirements. By offering more generous incentives for active traders, Hyperliquid aligns closely with user needs, potentially setting a new standard for future crypto projects,” algorithmic trading firm Wintermute said in a note shared with CoinDesk.

HYPE is bigger than AAVE

Speaking of market action, HyperLiquid’s two-week-old HYPE token is already making waves. The cryptocurrency has surged over 300% since its inception, zooming to a market value of $5.69 billion, bigger than long-established DeFi players like Ethereum’s leading lending protocol Aave and Solana-based decentralized exchanges Raydium and Jupiter, according to data source Coingecko.

The sustained bullish move following the record airdrop is a sign of investor confidence, according to Wintermute.

“Despite the potential for significant sell pressure from the airdrop recipients, the sustained demand for HYPE has consistently outpaced supply, indicating robust market confidence,” Wintermute noted.

On Nov. 29, HyperLiquid airdropped 31% of HYPE’s nearly 1 billion supply to users who held points earned through trading activities. The airdrop was valued at $1.9 billion, surpassing layer 2 solution Arbitrum’s $1.5 billion valuation.

HYPE is used as a staking asset to secure the platform’s HyperBFT consensus mechanism and acts as a gas token, facilitating transactions and smart contract executions.

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Source: Vietnam Insider