The world of finance is rapidly evolving, with digital assets taking center stage. In a significant move highlighting this shift, AM Management, a leading provider of artificial intelligence-based quantitative solutions, recently announced a pivotal investment from Woori Financial Group’s Dino Lab Fund. This strategic backing underscores the growing confidence of traditional financial institutions in advanced
Goldman Sachs CEO David Solomon has shot down the notion that the US Federal Reserve will cut interest rates by 50 basis points in September, just days after Standard Chartered Bank made the aggressive forecast. “Whether or not we have a 50 basis cut, I don’t think that’s probably on the cards,” Solomon said during
Key Takeaways The SEC is close to approving ETF share classes for mutual funds, signaling a potential major industry shift. 65-70 mutual fund firms, managing trillions in assets, are preparing to launch ETF share class versions of their products. The Securities and Exchange Commission is close to approving ETF share classes for mutual funds, with
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. I started covering Franklin Templeton half a dozen years ago while on the asset management beat at a B2B finance pub. I wasn’t aware of the term TradFi back then and knew little about crypto. The $1.6 trillion money manager is
Bitcoin (BTC) surged above $114,000 on a strong rally. This surge was fueled by the weaker-than-expected August Producer Price Index (PPI) and last week’s downwardly revised employment data, along with the growing likelihood of a Fed rate cut. According to the Chicago Mercantile Exchange’s (CME) FedWatch tool, there’s a 90% chance of a rate cut
South Korea’s benchmark equity index, the Kospi, has reached a record high of 4,340 points, driven by prospects of shareholder-friendly policies and positive global market sentiment. The new high has prompted one analyst to urge caution among bitcoin BTC$114,199.32 bulls, suggesting that the surging Kospi could mark the end of the BTC bull run, consistent
Experts suggest growing anticipation ahead of key macroeconomic events this week has led to a stark divergence between futures traders betting on Ethereum and exchange-traded funds rotating their capital to Bitcoin. Aggregate 24-hour futures volume for Ethereum reached $49.4 billion, surpassing Bitcoin’s $42.9 billion, data from analytics firm Coinanalyze shows. The surge in speculative interest
The US Senate Banking Committee voted 13-11 today to approve the nomination of Donald Trump’s advisor Stephen Milan to serve on the Federal Reserve Board for a short term. The decision was made along party lines, with Republicans reportedly aiming to quickly pass Milan’s nomination through the Senate ahead of next week’s interest rate decision
BlackRock’s IBIT and Fidelity’s FBTC led inflows as bitcoin BTC$114,128.22 ETFs logged their strongest day since July, with BTC climbing past $114,000. Ether (ETH) topped $4,400, as Ethereum funds ETHA and FETH saw renewed demand according to data curated by SoSoValue. BTC spot ETFs pulled in $757 million of net inflows on Wednesday. Fidelity’s FBTC
A new thesis that argues that most crypto value today is captured in apps, rather than blockchains, is gaining popularity with the rise of Hyperliquid and could shift investor behavior over the next few months, a crypto executive says. “All the cool kids are talking about the ‘fat app’ thesis. Feels like that could be