Good morning, Asia. This is what news is doing in the markets:
Welcome to Asia Morning Briefing, a daily summary of the main stories during the US hours and an overview of the movements and market analysis. To obtain a detailed description of the US markets, see Cryptokook from Coindesk America.
Korean Air has signed an investigation agreement with Stockholm headquarters to provide real-time ADS-B data for the airline air traffic coordination system.
The agreement gives the R&D division of the carrier access to the coverage of Incheon Fir, North America and Europe of Korea, since it proves how drones, cargo airplanes and eventually evtol taxis will share crowded skies.
WingBits executes a decentralized network of cryptographically insured ads (Real time data for flight information) Receptors, rewarding taxpayers in tokens to place hardware in optimal locations.
The startup Depin previously closed a $ 5.6 million round in January, directed by Bullish Capital. Bullish is the parent company of Coindesk.
“All aviation is based on this data to some extent, and it is a really large and profitable market,” said co -founder Robin Wingårdh to Coindesk in an interview during the Korean blockchain week. “It was a bit strange that all these people did it for free, while three out of four networks were acquired by hundreds of millions and nothing returned to the community.”
The incentives, Wingårdh said, are the ones that separate from the rivals.
“If properly encourages, people actually put receptors where they matter, on a roof, in a business or even renting space in a high demand area,” he continued. “And on average, we see more than twice the coverage of antenna versus competition, simply because the incentive is there.”
For Korean Air, collaboration is both the future and the present. Its R&D division is experimenting with advanced air mobility, and Wingårdh said that the demand for low latency safe data will only grow.
“Our point of view on the advanced air mobility segment is really that it comes, flying taxis, flying load, and will have many more objects in the sky,” he said. “We do not believe that there is currently any infrastructure that can really function as an adequate monitoring infrastructure for that combination of aviation, advanced mobility and drones.”
The Korean Air Association marks the first collaboration of the Wingbits airline and points out that inherited carriers see the value in decentralized infrastructure.
For wings banks, it is a trial case to move from crypto-native exaggeration to conventional aviation, with the long-term commitment that data networks backed by blockchain can support the next era of urban air mobility.
Market movements
BTC: Bitcoin is quoted at $ 112,730. Despite the ETF tickets consecutive for a total of more than $ 385 million from September 18 to 19, the price of Bitcoin has fought to gain impulse, which reflects the wider profits and the cautious feeling of the market.
ETH: Ethereum is quoted about $ 4,200 and has fallen more abruptly than Bitcoin in the short term, even when Spot Eth Ethfs attracted more than $ 260 million in net tickets during September 18 to 19. The setback highlights how ETH remains more sensitive to changes in the feeling of risk and decreases speculative demand, although its long -term foundations linked to defense, narrow and institutional adoption remain intact.
Gold: Gold continues to exchanged records, backed by the expectations of additional tariffs of the United States Federal Reserve, the demand of the Central Bank, inflation concerns and geopolitical risk.
S&P 500: The futures of American shares were flat on Monday night, with Dow and S&P 500 contracts each with 0.04% as investors looked at the risks in records.
In another part of crypto
- The increase in CleanSTark shares after obtaining a credit supported by Bitcoin of $ 100 million of Coinbase Prime (Coindesk)
- MetaCoin Musd Stablink exceeds $ 65 million a week after launch (the block)
- Ethereum Wallet Rainbow reveals Rnbw Token Airdrop, this is when (decipher)
