PDAXScope: Altcoins bounce, BTC dips, stablecoins rise

Aster, Hyperliquid, Hedera Jump Amid Altcoin Bounce (Decrypt)

Several altcoins – including Aster, Hyperliquid’s HYPE, and Hedera’s HBAR – climbed as part of a broader altcoin bounce in the crypto market, as reported by Decrypt. The rising buying activity reportedly helped these tokens outperform amid improving sentiment, though analysts say it’s still early to tell whether the rally will hold longer term.

Bitcoin price drops 3% as analyst warns bulls lack ‘momentum’ to flip $69K (Cointelegraph)

Bitcoin’s price fell about 3% and dipped toward around $69,000, as traders struggled to find upward momentum, as reported by Cointelegraph. Analysts reportedly warn that bullish momentum is lacking, meaning buyers haven’t stepped in strongly enough yet to push the price higher, so the market could stay choppy until sentiment improves.

Asia is turning stablecoins into banking infrastructure (The Economist)

Across Asia – including here in the Philippines – stablecoins are increasingly being used as part of everyday financial infrastructure, as reported by The Economist. Instead of relying only on traditional banks, many people are using dollar-backed digital tokens to send, receive, and store money more quickly and at lower cost, especially for cross-border payments and freelance income. The shift reportedly shows how digital dollars are gradually becoming part of how money moves in the region, not just a niche crypto tool, but something closer to everyday banking.

-

- 

-

-

-

Disclaimer: PDAX reaffirms that the statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis.

For inquiries or complaints, please contact us through the following channels:

Chatbot: https://pdax.ph or https://web.pdax.ph/ (click web chat feature)

‘Customer Support’ webpage at https://support.pdax.ph-

Email: support@pdax.ph

Please provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the Order and/or Transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name and use your registered email address.

Philippine Digital Asset Exchange (PDAX), Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels:

Email: consumeraffairs@bsp.gov.ph- Webchat: http://www.bsp.gov.ph (click web chat feature)

Facebook: https://www.facebook.com/BangkoSentralngPilipinas- Direct Line: (02) 5306 2584 / (02) 8708 7087- Trunk Line: (02) 8708 7701 loc. 2584- SMS: 21582277 (for Globe subscribers only).

For further details, you may refer to BSP's Inclusive Finance - Consumer Protection. In addition, all services related to tokenized bonds are performed by PDAX’s broker-dealer partner, PDAX SECURITIES INC. (formerly BONDS.PH INC.) or the issuer of the tokenized bonds or its underlying assets will satisfy the terms of the tokenized bonds. Any and all purchases and trades involving tokenized bonds are subject to the user’s risk and discretion.

External links are provided for convenience and for informational purposes. They are not statements of PDAX and PDAX bears no responsibility for the accuracy, legality or content of said links.