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Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Bitcoin is trading just below $110,000 after another failed bounce, down roughly 7% since peaking over $117,000 in the wake of Powell’s dovish Jackson Hole speech, according to CoinDesk market data. Ethereum, which briefly touched $4,900 before a sharp reversal, is holding above $4,300 but showing signs of exhaustion after weeks of outperformance.
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ZK-series @union_build has been making frequent moves recently, and the founder has hinted at an upcoming token launch. Here is a data compilation by a foreigner: 🔺35,000 addresses, 78 MX Points, average: 222 XP Valuation based on 200 million, with 5% airdrop to testnet users 🔺7 XP = 1 U Looks like they're about to launch 😂 For @WhaleSharkNFTs holders Highly unlikely to receive a separate airdrop, only XP bonus. The founder previously stated they won't reward "inactive WWS holders"
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