Good morning, Asia. Here’s what makes news in the markets:
Welcome to Asia Morning Briefing, a daily overview of top stories during the US HOURS and an overview of market movements and analysis. For a detailed overview of US markets, see Coindesk’s Crypto Doybook Americas.
Artificial Intelligence (AI) Majors are slightly down despite the Blockbuster earnings of Tech Giants Microsoft (MSFT) and Meta, which quoted their respective AI efforts as a catalyst to beat earnings.
Microsoft’s sky revenue jumped 27% to $ 46.7 billion, with Azure crossing $ 75 billion annually when demand for AI work load pushed data center capacity over two gigawatts. Meta, meanwhile, reported an increase in revenue of 22% year to year to $ 47.5 billion, with a 43% operating margin as AI-driven AD models raised conversions with up to 5% and engagement on Facebook and Instagram rose.
Cobeckos AI -Token category, which includes majors like Tao, near, ICP and Render is down 1.4%. In contrast, Coindesk 20, a measure of the execution of the world’s largest digital assets, flat and trade is under 4,000.
Typically, AI -Tokens moves synchronized with Big Tech earnings. Nvidia’s record-breaking rally in 2024 helped the category of pushing out over a $ 10 billion market capital, but Bitcoin’s rising dominance in the first half of 2025 withdrew some air from the category and other types of Altcoins push it down to less than $ 5 billion.
Dealers across the cryptover today also took a breath considering the recent messages of Fed’s recent messages, which may explain the AI -Tokens’ muted reception to MSFT and Meta’s success.
“While the policy remained unchanged, Powell’s remark was that customs inflation can only begin to add a layer of uncertainty that pressed risk assets everywhere,” market manufacturer Enflux wrote in a note to Coindesk.
“With risk appetite fading and macro messages that turn less predictably, the markets can remain in a holding pattern until participants gain clarity in the direction of inflation and police response in the next few days or weeks,” Enflux continued.
Nvidia is ready to report its earnings at the end of August. Time shows whether the GPU giant’s expected fixed results will serve as a catalyst for AI token growth.
Market Movement:
BTC: Crypto Markets became fleeting Wednesday when Hawkish remarks from Fed -President Jerome Powell triggered over $ 200 million in liquidations, with Bitcoin cards fell below $ 116,000.
ETH: Ether (ETH) holds over $ 3,800, an increase of 1.47%, as corporate taxes that Sharplink Gaming continues to offer the asset for their balance.
Gold: Gold dropped 1.17% to $ 3,288.02 on Wednesday as strong US economic data reduced the demand for safe haven and reinforced expectations that Fed will keep the rates stable.
Nikkei 225: Asia-Stophav markets traded mixed on Thursday as investors weigh new US tariffs on South Korean imports and waited for Bank of Japan’s expected decision to keep the rates stable.
S&P 500: The S&P 500 slipped 0.12% to 6,362.90, after Fed-President Powell signaled no impending speed cuts in the midst of customs inflation.
Elsewhere in crypto:
- Trump’s top crypto guys: US Defi will thrive, ensures Bitcoin Reserve comes (Coindesk)
- Polygon suffers the Times Long Power Cutting Weeks after Complex Hard fork (Block)
- 10 years later, Ethereum has rebuilt time and time again without compromising its values, says the members of society (block)
