AI Boost

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Finance

Bakkt Expands Global Bitcoin Play With 30% Stake in Japan’s Marusho Hotta

Bakkt is acquiring a 30% stake in Japanese firm Marusho Hotta and is expanding into Asian crypto markets.

Bitlayer Debuts the BitVM bride on the mainnet. (TheDigitalArtist/Pixabay)

Markets

Michigan’s State Pension Boosts Bitcoin ETF Stake, Signaling Cautious Confidence in Crypto's Future

The State of Michigan Retirement System disclosed ownership of 300,000 shares of the ARK Bitcoin ETF as of June 30, or about $11.3 million worth at current prices.

Lansing, capital of Michigan. (justcade95/Unsplash)

Finance

Marex Becomes First Clearing Firm to Adopt JPMorgan’s Kinexys With Brevan Howard Digital

The initiative is aimed at modernizing payment infrastructure and reducing settlement risk, Marex said.

Terry Hollingsworth, Global Head of Futures & OTC Clearing Sales at Marex (Marex)

Markets

Leveraged Bearish Strategy ETF Surges 19%, Signals Dour Outlook for MSTR and Bitcoin

The ETF, which bets against MSTR, has seen a net inflow of $16.3 million in the past six months, while its bullish counterpart has experienced significant outflows.

A brown bear sits on the ground (LTapsaH/Pixabay)

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Markets

Bitcoin ETFs Bleed Millions for 4th Straight Day as U.S. Stagflation Fears Weigh on BTC and Stocks

Investors withdrew $196 million from U.S.-listed bitcoin ETFs on Tuesday, while pouring money into ether ETFs.

Blood on U.S. Dollar. (CoinDesk Archives)

Policy

China Warns Worldcoin-Style Iris Scanning a National Security Threat

A new advisory from China's Ministry of State Security highlights what it calls national security risks based on foreign firms collecting biometric data under the guise of crypto giveaways.

An inside view of the Orb, Worldcoin's custom hardware that makes cryptographic IDs based on iris scans. (Worldcoin)

Markets

Asia Morning Briefing: Architect Bets Credit Will Outshine Crypto Equities as It Builds a Web3 Moody’s

As crypto equity markets become overcrowded and illiquid, Architect bets on building a Moody's-like credit rating system to unlock new pools of institutional capital.

(Scott Graham/Unsplash)

Finance

Ripple’s Partnership With BDACS Pays Off as XRP Support Goes Live at Korean Crypto Custodian

BDACS launches XRP custody for institutions in Korea, deepening Ripple partnership and boosting regulatory alignment for XRP’s global institutional use.

Close-up of a water droplet creating ripples

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Markets

Polygon Holds 3% Advance, Outperforming Broader Market

POL surged in early U.S. trading amid above-average volume, but selling pressure capped gains.

Polygon rose 9% in early U.S. morning trading hours from $0.206 to $0.225 before selling emerged in the afternoon, CoinDesk Analytics data shows.

Tech

Coinbase Adds Embedded Wallets to Development Platform to Simplify Web3 Onboarding

The new tool is part of the Coinbase Developer Platform (CDP) and lets developers integrate self-custodial wallets into their apps without any hiccups.

Coinbase CEO Brian Armstrong (Nikhilesh De/CoinDesk)