Altcoins added to their rally during late Tuesday U.S. afternoon hours after Treasury Secretary Scott Bessent suggested the Federal Reserve should consider a 50 basis point rate cut at its upcoming September meeting. “The real thing now to think about is should we get a 50 basis-point rate cut in September,” Bessent told Fox News.
Circle (CRCL), the stablecoin issuer firm behind the USDC token, announced on Tuesday a secondary stock sale of 10 million shares. The company is offering 2 million of Class A common stock for sale, while selling stockholders are unloading another 8 million, according to an S-1 filing with the U.S. Securities and Exchange Commission (SEC).
Taylor Swift knows how to move markets, even if hers isn’t the New York Stock Exchange. On Tuesday at exactly 12:12 a.m. Eastern, Swift’s official website countdown hit zero, revealing the Grammy-winner’s next original studio album: The Life of a Showgirl. The announcement, her 12th studio record and first since The Tortured Poets Department, was
Tech billionaire Peter Thiel is backing yet another Ethereum treasury company—and the company’s stock has tripled in price on the development. According to a recent SEC filing, Thiel and related entities he manages purchased a 7.5% stake in 180 Life Sciences, a biotech company once focused on researching inflammatory diseases that recently pivoted to stockpiling
US Treasury Secretary Scott Bessent made noteworthy assessments of the FED in his statements to Fox Business. Bessent argued that the Fed should have cut interest rates in June, given accurate economic data. Bessent, who stated that the Trump administration is “open-minded” in selecting the Fed Chair, said they are looking for a vision for
Singapore-based Genius Group, an AI-powered education company with a growing Bitcoin treasury, is looking to tap deeper into Asia’s investor community by pursuing a secondary stock exchange listing, with South Korea emerging as the leading contender. In a press release published on August 12, Genius Group, which has been listed on the NYSE since April
The cryptocurrency world is buzzing with significant news from Central Asia! Kazakhstan has officially launched the region’s very first Kazakhstan Bitcoin ETF (Exchange-Traded Fund). This groundbreaking development marks a pivotal moment, expanding regulated access to Bitcoin (BTC) for investors in a new and exciting way. This move, reported by The Bitcoin Historian on X, signals
Stocks gained on Tuesday following the release of the latest inflation data for the United States, with the Dow Jones Industrial Average jumping more than 500 points and both S&P 500 and Nasdaq Composite edging towards record highs. Summary U.S. stocks inched higher as investors reacted to latest inflation data. The S&P 500 broke above
Recently, the team behind Tricorn—now joining Utexo—has completed the first-ever RGB bridge live on Bitcoin, debuting with a transfer of Tether (USDT) from Ethereum to RGB, according to a press release sent to Bitcoin Magazine. This marks the first time USDT has been issued as an RGB asset on Bitcoin and made available for instant
The world of cryptocurrency is often full of surprises, and recent reports about Trump crypto earnings certainly fit that description. According to an estimation by The New Yorker, former President Donald Trump has amassed an astonishing $2.4 billion from various crypto-related ventures since 2022. This figure highlights a significant financial intersection between politics and the