{"id":39674,"date":"2025-07-31T02:31:46","date_gmt":"2025-07-31T02:31:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39674"},"modified":"2025-07-31T02:31:46","modified_gmt":"2025-07-31T02:31:46","slug":"asia-morning-briefing-msft-meta-soar-on-strong-ai-earnings-but-crypto-ai-tokens-fail-to-follow","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39674","title":{"rendered":"Asia Morning Briefing: MSFT, Meta Soar on Strong AI Earnings, But Crypto AI Tokens Fail to Follow"},"content":{"rendered":"
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Good Morning, Asia. Here’s what’s making news in the markets:<\/strong><\/h2>\n

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.<\/a><\/em><\/p>\n

Artificial Intelligence (AI) majors are slightly down despite blockbuster earnings by tech giants Microsoft (MSFT) and Meta, which cited their respective AI efforts as a catalyst for beating earnings.<\/p>\n

Microsoft\u2019s cloud revenue jumped 27% to $46.7 billion, with Azure crossing $75 billion annually as demand for AI workloads pushed datacenter capacity past two gigawatts. Meta, meanwhile, reported a 22% year-over-year revenue increase to $47.5 billion, with a 43% operating margin, as AI-powered ad models lifted conversions by up to 5% and engagement on Facebook and Instagram surged.<\/p>\n

CoinGecko’s AI token<\/a> category, which includes majors like TAO, NEAR, ICP, and RENDER is down 1.4%. In contrast, the CoinDesk 20<\/a>, a measure of the performance of the world’s largest digital assets, is flat and trading below 4,000.<\/p>\n

Typically, AI tokens move in sync with earnings from big tech. Nvidia’s record-breaking rally<\/a> in 2024 helped the category push beyond a $10 billion market cap<\/a>, but bitcoin’s rising dominance in the first half of 2025 pulled some air out of the category<\/a> \u2014 and other types of altcoins \u2014 pushing it down to below $5 billion.<\/p>\n

Traders across the crypto world today also took a breather, given the Fed’s recent messaging<\/a>, which perhaps explains AI tokens’ muted reception to MSFT and Meta’s success.<\/p>\n

“While policy remained unchanged, Powell\u2019s remark that tariff-driven inflation may only be beginning added a layer of uncertainty that pressured risk assets across the board,” market maker Enflux wrote in a note to CoinDesk.<\/p>\n

“With risk appetite fading and macro messaging turning less predictable, markets may remain in a holding pattern until participants gain clarity on inflation direction and policy response for the next few days or weeks,” Enflux continued.<\/p>\n

Nvidia is set to report its earnings towards the end of August. Time will tell if the GPU giant’s expected solid results will serve as a catalyst for AI token growth.<\/p>\n

Market Movements:<\/strong><\/h2>\n

BTC:<\/strong> Crypto markets turned volatile on Wednesday as hawkish remarks from Fed Chair Jerome Powell triggered over $200 million in liquidations, with bitcoin briefly falling below $116,000.<\/p>\n

ETH: <\/strong>Ether (ETH) is holding above $3,800, up 1.47%, as corporate treasuries, like SharpLink Gaming continue to bid on the asset for their balance sheet.<\/p>\n

Gold: <\/strong>Gold fell 1.17% to $3,288.02 on Wednesday as strong U.S. economic data reduced safe-haven demand and reinforced expectations that the Fed will keep rates steady.<\/p>\n

Nikkei 225: <\/strong>Asia-Pacific markets traded mixed Thursday as investors weighed new U.S. tariffs on South Korean imports and awaited the Bank of Japan\u2019s expected decision to hold rates steady.<\/p>\n

S&P 500: <\/strong>The S&P 500 slipped 0.12% to 6,362.90 after Fed Chair Powell signaled no imminent rate cuts amid tariff-driven inflation concerns.<\/p>\n

Elsewhere in Crypto:<\/strong><\/h2>\n