Asia Morning Briefing: Native Markets Wins Right to Issue USDH After Validator Vote

[Upbit Announces Listing of Avantis (AVNT)] Upbit has announced the addition of Avantis (AVNT) to multiple services, including various trading services, officially launching on 2023-09-15 at 22:00 (UTC+8). Important Notes: - Buying orders will be prohibited for approximately 5 minutes after trading support begins, and the minimum selling price must not be lower than -10% of the previous day's closing price. - Only deposits and withdrawals via the AVNT-Base network are supported; using other networks may result in assets not being reflected. - Large deposits may require proof of funding source.

[Upbit to List AVNT Trading Pairs] Upbit announced it will support AVNT trading pairs with KRW, BTC, and USDT.

[Moody's: Probability of U.S. Recession in the Next Year Reaches 48%] Moody's Analytics Chief Economist Mark Zandi stated that the latest machine learning indicators show a 48% probability of a U.S. economic recession in the next 12 months. Although below 50%, it is close to the 40% range, which is typically associated with or followed by a recession. He noted that slowing employment and data revisions have placed the economy at a critical point.

[Yunfeng Financial surges over 18%, approved to provide virtual asset trading services] According to a report by Jinse Finance, Yunfeng Financial (00376.HK) surged over 18% after recently receiving approval to provide virtual asset trading services. (Jin10)

Coinbase Institutional reports that Digital Asset Treasury companies (DATs) have transitioned from an early phase of easy profitability to a period of fierce competition, with scarcity premiums gradually fading and the market capitalization/net asset value ratio (mNAV) generally compressing. Statistics show that among 17 publicly listed companies holding ETH, 4 already have a negative mNAV. Galaxy Digital previously warned that large-scale inclusion of crypto assets on balance sheets could exacerbate market vulnerabilities.