Franklin Crypto, the newly established digital asset division of Franklin Templeton, has launched following the completion of the firm’s acquisition of 250 Digital, an active crypto investment management firm led by industry veterans Christopher Perkins and Seth Ginns. 250 Digital was established in January after being spun out of CoinFund. The acquisition was first announced
Crypto trading app Fomo has raised $75 million in a Series B funding round led by Index Ventures as the company looks to expand beyond digital asset trading. The round valued Fomo at $550 million and included participation from Union Square Ventures and existing investor Benchmark. Angel investors included Zynga cofounder Mark Pincus, Discord CEO
Micron shares rose about 4% to a new all-time high Monday after the memory chipmaker announced a broad strategic agreement with Anthropic aimed at scaling the infrastructure used to train and operate Claude. The partnership covers the design of memory and storage architecture, a supply agreement, the deployment of Claude across Micron and a strategic
Federally chartered crypto bank Anchorage Digital is rolling out infrastructure that allows banks to issue tokenized deposits, joining a growing effort by financial institutions to bring traditional bank money onto blockchain networks. The bank said on Monday that its new platform will help banks to offer round-the-clock payments and settlement services using blockchain technology without
As talks between the US and Iran begin in Switzerland, positive statements are coming from both sides. The latest move has come from the US. According to Walter Bloomberg, the U.S. Treasury Department today issued a general license authorizing the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products. Accordingly, the US
MoneyGram said Monday it has become a validator on the Solana (SOL) blockchain, the latest step in the remittance firm’s ongoing push into crypto infrastructure as it builds payment services around stablecoins. By operating a validator, MoneyGram will help process transactions and secure Solana’s proof-of-stake network, becoming a key part of the infrastructure that keeps
Bitcoin and cryptocurrencies have risen in the last 24 hours as hopes for a US-Iran deal increase. However, this rise does not signal a bottom for $BTC. According to CryptoQuant analysts, the data indicates that the bear market in Bitcoin is not yet over. According to CryptoQuant analyst Gaah, the cycle momentum indicators in Bitcoin
Michael Saylor and his embattled Strategy (MSTR) sold more common stock last week, using the proceeds to add a relatively small amount of bitcoin and $300 million in cash to its balance sheet. The company sold about 2.7 million shares of MSTR, according to a Monday morning filing, raising $335.5 million. About $35 million of
As is known, the FED did not change interest rates at its first Federal Open Market Committee (FOMC) meeting under the chairmanship of Kevin Warsh last week. The FED unanimously kept the policy interest rate stable at 3.50-3.75 percent, in line with expectations. Increased inflation concerns stemming from the US-Iran conflict have reduced the likelihood
Baillie Gifford, a 118-year-old investment firm based in the Scottish capital of Edinburgh, unveiled a fixed-income tokenized fund in association with global custody giant BNY, the companies said on Monday. Baillie Gifford Enhanced Yield Fund (BAGEY) is denominated in dollars, and gives eligible investors access to an actively managed, short-duration portfolio of public corporate bonds