Good Morning, Asia. Key Market Updates
Welcome to today’s Asia Morning Briefing, your curated digest of overnight U.S. market developments and actionable insights for the trading day ahead.
TON Token in Spotlight Amid Musk-Durov Deal Uncertainty
Telegram’s anticipated partnership with Elon Musk’s xAI remains unconfirmed, despite CEO Pavel Durov’s earlier announcement of an "agreement in principle."
- TON Price Action: The Telegram-affiliated token TON surged to $3.30 (up 11% daily) following initial reports but retreated from its $3.68 peak after Musk denied the deal on X.
- Market Watch: Traders await further clarity as Asia’s session begins, with $3.30 now acting as a key support level.
👉 Track TON’s live price movements here
Bluesky CEO: "Decentralization Without Blockchain"
VANCOUVER—Jay Graber, CEO of decentralized social platform Bluesky, advocates for Web2 infrastructure over Web3 solutions:
Key Takeaways:
- Scalability: Blockchain’s immutability and energy costs make it impractical for ephemeral social content.
- Centralization Risk: Graber notes Web3 projects often revert to centralized models for convenience.
- Mission: Bluesky prioritizes user autonomy through portable identities and open protocols—without crypto.
"Blockchain has its place, but not in consumer social networks." — Jay Graber
Nvidia’s AI-Driven Earnings Lift Tech Sentiment
Nvidia’s Q1 earnings beat ($18.8B net income, +69% revenue) buoyed its stock 4% post-market, offering modest gains to AI-linked tokens:
- AI Tokens: Bittensor (TAO), NEAR, and ICP edged up marginally.
- Caution: Nvidia warned of Q2 headwinds from U.S.-China trade tensions.
Market Snapshot
| Asset | Price Change | Notes |
|-------------|---------------|------------------------------------|
| BTC | -1.2% | Holds at $107,800; tariffs ignored.|
| ETH | +2.1% | Eyes $3K breakout pattern. |
| Nikkei | +1% | Rises on tariff ruling optimism. |
| Gold | -1% | Dips to $3,267.47. |
👉 Explore crypto market trends
FAQ: Quick Answers to Top Reader Queries
Q: Is the Telegram-xAI deal confirmed?
A: No. Musk refuted claims, but Durov cited an "agreement in principle."
Q: Why does Bluesky avoid blockchain?
A: Scalability and user experience concerns.
Q: How did Nvidia impact AI tokens?
A: Minor lifts; broader crypto markets stayed muted.
Stay tuned for real-time updates as markets react to evolving headlines.
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