Crypto Markets Stagnant Amidst Regulatory Pressure and Uncertainty.

Crypto markets in Asia are opening flat as investors await tech earnings, which may push prices down. Ether's stagnant position comes as the protocol's Shanghai upgrade brings record-breaking inflows into the ecosystem. Meanwhile, Do Kwon's lawyers are arguing that the SEC lacks a "clear congressional authorization" to regulate digital assets, and the SEC's quest for unlimited jurisdiction over the asset class is unreasonable. Many jurisdictions in Asia are creating legal frameworks to properly define and regulate crypto as a unique asset class.