Asia AM Brief: Could Distributed Compute Tokens Be the Next Big Crypto Play Over CoreWeave (CRWV)?
Distributed compute tokens are quietly building momentum—while Wall Street obsesses over CoreWeave's latest funding round. Could decentralized GPU power be the dark horse of crypto infrastructure?
Forget 'cloud'—the future might be a swarm of idle gaming PCs. Distributed networks now offer comparable compute at fractions of centralized providers' costs. But will enterprises bite?
Meanwhile, CoreWeave's valuation keeps ballooning like a 2021 meme coin. Maybe they'll IPO before their GPU contracts catch up to reality.
Justin Sun-Backed SRM Entertainment Announces $100 Million TRX Staking Move
SRM Entertainment (Nasdaq: SRM), soon to rebrand as TRON Inc., has staked its entire treasury of 365 million TRX tokens through JustLend, a move that could yield an annual return of up to 10%, according to a release.
The MOVE comes on the heels of a $100 million investment round closed earlier this month to fund what the company calls a “TRON treasury strategy,” essentially, a public market vehicle modeled on bitcoin-holding firms like MicroStrategy, but for TRX.
That structure provides equity investors with indirect exposure to a network that plays a dominant role in USDT stablecoin settlement, particularly in the Global South, where TRON-based Tether serves as a dollar lifeline – arguably a 'Visa IPO' moment for the region's economy.
Sogni AI Debuts Mainnet, SOGNI Token to List on Kraken, MEXC, Gate.io
Sogni AI, a decentralized platform for generative AI workflows, has launched its mainnet and will list its native token, SOGNI, on Kraken, MEXC, and Gate.io.
SOGNI is the utility token of the Sogni Supernet. It is used for compute payments, staking, governance, and access to advanced application features.
The mainnet launch includes deployments on Base, an ethereum Layer-2 developed by Coinbase, and Etherlink, a Tezos-based EVM-compatible Layer-2 using Smart Rollups. In a release, the platform said this chain-agnostic approach is designed to balance scalability and accessibility.
The project’s stated goal is to create an open and economically sustainable environment for creative AI applications, combining Web3 infrastructure with user tools that resemble Web2 services in usability.
The platform also uses a non-transferable credit system called Spark Points, which are fixed-value rendering credits that can be purchased or earned within the Sogni ecosystem.
Users interact with the network through three Core applications: Sogni Web, Sogni Pocket, and Sogni Studio. Creators submit generative AI jobs, while node operators, or “Workers,” provide GPU resources and are compensated in SOGNI tokens.
Market Movements:
- BTC: Bitcoin is trading at $107,200, holding a strong support zone after a 14,695 BTC volume spike near $107K, with traders eyeing a potential breakout toward $115,000.
- ETH: Ethereum rebounded sharply from a 3.4% intraday drop, currently trading at $2,480, forming a V-shaped recovery off $2,438 support, as institutional inflows continue despite broader market uncertainty.
- Gold: Gold is trading at $3,310.95, rebounding from a one-month low as a weaker dollar and Fed pressure offset risk-on sentiment.
- Nikkei 225: Asia-Pacific markets traded mixed Tuesday as investors weighed Wall Street’s record highs against looming uncertainty from Trump’s expiring 90-day tariff reprieve, with Japan’s Nikkei 225 down 0.58%
- S&P 500: Stocks climbed Monday as the S&P 500 rose 0.52% to a record close of 6,204.95, capping a strong month.
Elsewhere in Crypto:
- Senator Seeks to Waive U.S. Taxes on Small-Scale Crypto Activity in Big Budget Bill (CoinDesk)
- Singapore to 'Thread the Needle' as Crypto Licensing Rules Take Effect (Decrypt)
- Popular Financial Advisor Ric Edelman Says Investors Should Allocate Up to 40% of Wealth to Crypto (CoinDesk)
