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. Bitcoin steadied in Asia Thursday at $114,610 (+1.4%), clawing back some ground after last week’s slide, while ether outpaced with a 5.8% jump to $4,370.73 as investors rotated selectively across the market.

The CoinDesk 20, a measure of the performance of the largest crypto assets, is up 3.5%, trading above 4,078.

OKX Singapore CEO Gracie Lin said in a note to CoinDesk that the rising ETH/BTC ratio shows capital shifting into ether’s relative strength while Bitcoin consolidates.

"Crypto capital is getting more selecti

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