AI Boost

“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy.

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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

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.

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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)

Markets

Galaxy Digital Slips 8% Post-Earnings as Investors Take Profits Following Big Run Higher

Helmed by CEO Mike Novogratz, the firm secured the entire 800MW of HPC capacity at Helios after CoreWeave exercised its final option.

Mike Novogratz, Galaxy founder and CEO, speaks at Consensus 2024

Tech

Solana's Jito Proposes Routing 100% of Block Engine Fees to DAO Treasury

If approved, the DAO would assume full control over protocol revenue streams, directing them to the network's tokenholders.

jito

Policy

FinCEN Warns Financial Institutions of Crypto Kiosk Scams

The regulator cited a growing number of scams involving crypto kiosks, including fake tech support and bank-related scams.

Bitcoin ATMs (John Paul Cuvinar/Unsplash/Modified by CoinDesk)

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Markets

Bitcoin Treasury Firm Semler Scientific Still Has 3X Upside: Benchmark

Investors are giving no credit for the company's deliberate approach to adding additional bitcoin, said analyst Mark Palmer.

Trading screens (TheDigitalArtist/Pixabay)

Markets

Solana Treasury Company Upexi Surpasses 2M in SOL Holdings

Upexi increased its holdings of Solana's sol by 172% in July, reaching over 2 million SOL.

Solana sign and logo