State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026 that uses stablecoins for around-the-clock investor flows, expanding the use of public blockchains in institutional cash management, the companies announced Wednesday. The State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, will accept subscriptions and redemptions in PYUSD, a
Bitcoin price surged above $94,000 today following a 25-basis-point rate cut by the Federal Reserve. The Fed lowered its benchmark interest rate to 3.50%–3.75% to support maximum employment and contain somewhat elevated inflation amid moderate economic growth and slowing job gains. This is the Fed’s third rate cut this year and the first since October.
Bitcoin’s underlying market structure has continued to strengthen despite declining trading volumes, analysts say. Summary Bitcoin’s market structure is strengthening even as trading volumes dip, with long-term holders accumulating, exchange supply tightening, and price action stabilizing into a narrow range. Analysts highlight a key divergence: the Nasdaq has rebounded strongly while Bitcoin lags, suggesting mispricing,
Space and Time, a pioneering blockchain network for zero-knowledge data processing, hits 30,000 students onboarded in its joint community program with Indonesian industrial group Indomobil. The development showcased the performance and usability of SxT solutions at scale. Space and Time, Indomobil share first accomplishments of its joint initiative in Indonesia According to the official statement
Elon Musk claimed that audits conducted under the Department of Government Efficiency identified what he described as “zombie payments” worth between $100 billion to $200 billion a year, marking the clearest accounting he has offered of the short-lived initiative he briefly led early in the Donald Trump administration. Musk’s comments came in a podcast interview
The Federal Reserve has lowered interest rates by 25 basis points to a target range of 3.50%–3.75%, delivering the cut markets overwhelmingly expected — but without offering clear momentum toward further easing. Today’s decision was non-unanimous, reinforcing the uncertainty that has dominated investor sentiment over the past week. Guidance Is the Market Focus, Not the
Following the Federal Reserve’s announcement of a 25 basis point interest rate cut, in line with expectations, US President Donald Trump made noteworthy comments regarding the economy and the Fed’s management. Trump argued that the rate cut was insufficient, saying the US economy had “much greater potential.” In his statements, Trump said that the US