Asia Morning Briefing: Stablecoins Offer Beijing What e-CNY Can’t in Cross-Border Use, Economist Says

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. China’s growing focus on stablecoins is less about embracing crypto and … Read more

Samsung is Unpacking again in early September

Maybe those little AI sparkles are bursting out of a trifold phone? Maybe? Apple isn’t the only tech company to send out launch event invitations this week. If you’re keeping score at home, September is actually next week somehow, and Samsung is sneaking a virtual Unpacked in on September 4th before Apple hosts its annual … Read more

Open-Source AI Is Being Embraced By China and the US

Stanford’s AI Index 2025 reports that the performance gap between open and closed models narrowed to single-digit percentage points on multiple benchmarks in one year. Open models are now “good enough” for many production tasks – and orders of magnitude cheaper than closed ones. At the same time, open AI models are increasingly becoming geopolitical … Read more

4Chan and Kiwi Farms file joint lawsuit against the UK

On Wednesday, 4Chan and Kiwi Farms, two of the most controversial social media sites on the internet, filed a federal lawsuit against the British government, arguing that the requirements of the UK’s Online Safety Act infringe on their Constitutional rights as American corporations. In a filing submitted to the U.S. District Court in the District … Read more

Nvidia Shares Edge Lower After Earnings Beat; Cryptocurrencies Little-Changed

Nvidia (NVDA) reported stronger-than-expected earnings for the second quarter on Wednesday, posting revenue of $46.7 billion, a 56% increase from a year earlier. The results underscore the chipmaker’s role at the center of the AI boom, as demand for its high-powered processors showed little sign of slowing. Shares of the company fell 1.7% in after-hours … Read more

VersaBank Tests Tokenized Deposits on Algorand, Ethereum and Stellar in U.S. Pilot

VersaBank, a Canadian digital bank with a focus on business clients, has started testing a tokenized deposit that the bank says provide a safer and more compliant alternative to stablecoins. The pilot, run through the bank’s U.S. subsidiary VersaBank USA, will trial a U.S. dollar version of the bank’s blockchain-based Digital Deposit Receipts (DDRs) tech. … Read more