Morning Briefing: Bitcoin Faces Macro Pressures; Grayscale Highlights Computing Power as Digital Asset

QCP analysts report that Bitcoin is under pressure from geopolitical tensions and macroeconomic data, with key support levels in focus. Meanwhile, South Korea's Financial Services Commission (FSC) is considering introducing a market maker system for virtual assets to enhance market efficiency. Franklin Templeton has expanded its tokenized collateral service to Bybit, allowing users to use money market fund shares as collateral for stablecoin loans. Additionally, Goldman Sachs noted that while KOSPI has tactical breakout potential, retail liquidity in South Korea is increasingly flowing into crypto markets, making the index more dependent on foreign and institutional capital.