Fidelity says that as crypto goes mainstream and proves its longevity, more customers are asking their financial advisors about the benefits and risks of these investments. The firm is now advising advisors to help clients navigate the intricacies of investing in crypto. Fidelity Claims Digital Assets Are Becoming More Common in Advisor-Client Conversations The Facts:
Sanae Takaichi was selected as Japan’s 104th Prime Minister yesterday, and her new cabinet has been inaugurated. The appointments of key ministers, including Satsuki Katayama (Finance) and Hisashi Matsumoto (Digital), alongside the new coalition with Nippon Ishin no Kai, will significantly impact the trajectory of the “Tax Reform 2026” sought by the crypto industry. International
Kraken boss David Ripley has fired back against a senior executive of the American Bankers Association, who argued that stablecoins yield is a “detriment” to banks’ abilities to support their community. ABA’s senior vice president of innovation and strategy, Brooke Ybarra, said if major crypto exchanges such as Kraken or Coinbase were allowed to pay
China’s Crypto strategy is turning money into a weapon of statecraft. A recent study published by Study Times—the journal of China’s Central Party School—argued that digital assets now shape warfare and finance. The study described crypto and central bank digital currencies (CBDCs) as tools of “financial mobilization.” They allow states to redirect liquidity when banks
A leading asset management firm, ProShares, has announced its intention to introduce a new crypto ETF that will track the CoinDesk 20 Index. To achieve this, the company seeks approval from the Securities and Exchange Commission (SEC) after submitting a filing to the commission. Meanwhile, reliable sources have noted that this index is crucial in
A new report claims that US retail investors are showing increasing favorability to crypto, with adoption growing by 50% this year. Although it’s the largest market, India had even higher rates of grassroots usage. Stablecoins are also growing to unprecedented levels, allowing users convenient on- and off-ramps between TradFi and Web3. Retail hype for digital
US President Donald Trump made important announcements regarding new tariffs on China. He said that the tariffs on Chinese imports will be “approximately 155%” as of November 1st. Trump said the move was aimed at protecting the US economy, arguing that high tariffs were “unsustainable” for the Chinese economy. The price of Bitcoin, which climbed
Feynman Point Asset Management, a newly independent investment firm focused on digital assets and frontier technologies, has officially announced it is spinning out from Republic, a New York-based investment firm known for its crypto initiatives. With this move, the firm establishes itself as a dedicated $300 million crypto hedge fund, led by Joe Naggar, a
Fed Board Member Chris Waller has proposed a new type of account that would provide direct access to the Fed’s payment system. This model, called the “limited-access master account,” or “skinny master account” for short, will give all legally compliant institutions, including fintech companies, stablecoin issuers, and payment institutions, direct access to the Fed’s payment
Bitcoin and Ethereum rose on Tuesday as gold’s price headed toward its biggest daily drop in over a decade, indicating renewed appetite for risk-taking among investors. Bitcoin was recently trading around $112,000, a 1% increase over the past day, according to CoinGecko. The largest crypto by market capitalization climbed as high as $114,000 earlier in