Good Morning, Asia. Here's what's making news in the markets: 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.Crypto’s next $200 billion valuation debate may already be taking shape, and it looks a lot like Solana during the last cycle, according to a new report from Cantor Fitzgerald, which initiates coverage of Hyperion DeFi (HYPD) and Hyperliqui ...

Token Buyback Program - Pyth Network DAO 将每月财政余额的 33% 用于在公开市场上回购 PYTH 代币 [1] - 该计划于本月开始实施 [1] Revenue Growth - Pyth Pro 产品在第一个月已达到 100 万美元的年度经常性收入 (ARR) [1] - Pyth Network 目标 ARR 为 5000 万美元，因为市场数据需求不断增长 [1]

Debate: “This House believes that token buybacks are a net-negative value accrual mechanism”@masonnystrom@MaxResnick1@baalazamon@viktorfischerWho won? https://t.co/d7wfAWI16A ...

Token Buyback Program - Meteora disclosed a $10 million MET token buyback program [1] - The buyback accumulated 23 million MET tokens, representing 23% of its total supply in Q4 [1] - Meteora plans to continue discretionary token buybacks [1] Token Strategy - The MET token is central to the protocol [1] - Meteora believes premature decisions about the MET token could limit flexibility [1] - Meteora is focusing on the long term regarding the MET token [1]

Financial Performance - Clanker is burning 66.7% of fees into token buybacks with a $50 million cap [1] - Clanker's annual revenue is $30 million [1] - Clanker's weekly buybacks amount to $1 million, translating to 104% of market cap bought annually if sustained [1] Market Valuation & Strategy - Farcaster acquired a cash flow machine trading at 1.5x revenue, contrasting with SaaS companies that get 15x revenue [1] - The first buyback week demonstrates successful execution [1]

Token Buybacks Overview - Over $14 billion (140 亿) has been spent on token buybacks in 2025 [1] Leading Tokens in Buybacks - $HYPE led with $6446 million (6446 百万) in buybacks [1] - $ZRO followed with $150 million (150 百万) in buybacks [1] - $PUMP recorded $1382 million (1382 百万) in buybacks [1]

Token Buybacks Analysis - $HYPE leads with $644.6 million in token buybacks [1] - $ZRO ranks second with $150 million in token buybacks [1] - $PUMP follows with $138.2 million in token buybacks [1]

Token Buyback Program - Token buybacks are considered bullish for the organization [1] - OpenLedger has officially started its buyback program [2] - The buyback program is powered by enterprise revenue [2] - The buyback program reflects OpenLedger's commitment to long-term value and network alignment [2] Token Performance - Buyback mechanics may lead to stronger chart support and consistent price floors [2] - OpenLedger has purchased 04% of the total token supply through its buyback program [3]

📊 Hyperliquid’s HYPE token surged 8% to a new all-time high, driven by record trading volume and $105M in fees funneled into token buybacks.@JennSanasie brings you "Chart of the Day," presented by @cryptocom. https://t.co/sSgEYZ8f9Y ...

Token Buybacks & Ecosystem - LetsBONK allocates revenue share for token buybacks in BONK ecosystem [1]