Hello, Asia. Here is what is news on the markets:
Welcome to the morning briefing in Asia, a daily summary of the best stories during the hours and an overview of market movements and analyzes. For a detailed overview of the American markets, see the Americas of the Coindesk Crypto Daybook.
The majors of artificial intelligence (AI) are slightly down despite the successful gains by the Microsoft (MSFT) and Meta technology, who cited their respective AI efforts as a catalyst to beat income.
Microsoft cloud income jumped from $ 27% to $ 46.7 billion, with Azure by crossing $ 75 billion per year, demand for workloads in AI has pushed data center data capacity after the two gigawatts. Meta, on the other hand, said an increase in income of 22% on the other to $ 47.5 billion, with an operating margin of 43%, while the advertising models supplied by AI have raised conversions up to 5% and commitment on Facebook and Instagram have jumped.
The category of tokens ai de Coingecko, which includes majors like Tao, Narch, ICP and Render is down 1.4%. On the other hand, the Coindesk 20, a measure of the performance of the largest digital assets in the world, is stable and is negotiated below 4,000.
As a rule, AI tokens synchronize with the income of Big Tech. The NVIDIA Record Rally in 2024 helped the category to exceed a market capitalization of $ 10 billion, but the growing domination of Bitcoin in the first half of 2025 has removed air -category – and other types of altcoins – pushing it to less than $ 5 billion.
Merchants through the crypto world today have also taken a break, given recent Fed messaging, which may explain the reception of the tokens to the success of MSFT and Meta.
“Although the policy has remained unchanged, Powell’s remark that inflation focused on prices can only start adding a layer of uncertainty that has put pressure on risk assets at all levels,” wrote Enflux market in a Coindesk note.
“With the discoloration of risk appetite and macro messaging becoming less predictable, the markets can remain in a detention scheme until the participants are clarity in the direction of inflation and the political response for the next few days or weeks,” continued Enflux.
Nvidia should publish her earnings in late August. Time will tell us if the solid results expected from the GPU giant will serve as a catalyst for the growth of AI tokens.
Market movements:
BTC: Cryptographic markets became volatile on Wednesday while the beautiful comments of the president of the Fed, Jerome Powell, sparked more than $ 200 million in liquidations, Bitcoin briefly falling below $ 116,000.
ETH: Ether (ETH) holds more than $ 3,800, up 1.47%, because corporate treasury bills, such as Sharplink Gaming continues to bid the assets for their balance sheet.
Gold: Gold dropped by 1.17% to reach $ 3,288.02 on Wednesday, as strong American economic data reduced the safe demand and reinforced expectations that the Fed will maintain stable rates.
Nikkei 225: The Asia-Pacific markets negotiated on Thursday while investors weighed new American prices on South Korean imports and awaited the expected decision of the Bank of Japan to hold stable rates.
S&P 500: The S&P 500 slipped from 0.12% to 6,362.90 after the president of the Fed Powell noted any drop in imminent rate in the midst of the inflation problems based on prices.
Elsewhere in crypto:
- The best guys in Trump cryptography: US DEFI prosperous, assures that Bitcoin Reserve arrives (Coindesk)
- The polygon suffers an hour from an hour from the weeks after a complex hard fork (the block)
- 10 years later, Ethereum has repeatedly rebuilt without compromising its values, say the members of the community (the block)
