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.

Analysis

As Asia begins its trading day, Tron DAO’s TRX token is trading flat, up 1%.

Crypto traders don’t seem to be making much of a recent announcement that Tron—for all intents and purposes—is ‘going public’ on the NASDAQ via a reverse merger with SRM Entertainment, a lightly traded Nasdaq-listed toy company that is now rebranding as “Tron Inc.” complete with a TRX treasury strategy.

While a blockchain going public might be a little different than what…