Tether’s USA₮ stablecoin maintained more than $175 million in circulation for a second consecutive month as its reserve surplus reached a record high, according to a reserve report released by Anchorage Digital Bank. USA₮ had 175,245,527 redeemable tokens outstanding as of July 31, up roughly tenfold from the 17.5 million tokens reported at the end
Federal Reserve Chair Wash indicated that U.S. economic growth appears to have strengthened somewhat, a signal that could influence the central bank’s upcoming policy decisions. The remarks, delivered during a recent address, come amid ongoing assessments of inflation, employment, and global economic conditions. What the Fed Chair Said Chair Wash’s statement, while brief, suggests that
Yorkville America has announced the launch of an artificial intelligence ETF called the MANGOS Plus Index ETF (ticker FRUT). Yorkville previously acted as an investment advisor for Truth Social’s defunct digital-asset funds. The move is now being regarded as a signal of a departure from crypto into AI stocks. Started with Bitcoin baskets, now a
Stablecoins such as $USDT and $USDC could make cross-border payments faster and cheaper by reducing some of the friction built into traditional international transfers, according to the International Monetary Fund. However, the IMF has not conducted a definitive fee comparison showing that stablecoins are always cheaper than bank payments. Instead, it says stablecoins have the
MSX, a real-world asset (RWA) platform, has launched its third pre-IPO investment offering, giving eligible users access to tokenized shares of Neuralink and Anduril. The subscription window runs from Aug. 31 to Sept. 6, with allocations tied to assets held on the platform. Offering Details and Valuation According to MSX, Neuralink is offered at a
CME Group has pulled back the curtain on a new set of benchmarks designed to give Wall Street a clearer read on the crypto market as a whole, rather than just tracking Bitcoin or Ether in isolation. The exchange operator and its index partner, CF Benchmarks, rolled out two multi-asset crypto indices on August 31,
Cathie Wood’s ARK Invest bought nearly $53 million of Nvidia stock after the AI chipmaker pulled back from its explosive post-earnings rally, while simultaneously selling tens of millions of dollars worth of rival Advanced Micro Devices shares. ARK acquired 243,707 Nvidia shares on Friday, Aug. 28, worth about $53 million based on NVDA’s $217.55 closing
Binance founder Changpeng Zhao, widely known as CZ, has publicly revised his previous skepticism about real-world asset (RWA) tokenization, signaling a more optimistic outlook for the sector. Speaking at the EASY Residency program, an incubation initiative hosted by YZi Labs (formerly Binance Labs), Zhao highlighted growing demand for tokenized assets, ranging from U.S. Treasuries to
The NYSE-listed closed-end fund C1 Fund (NYSE: CFND) has added decentralized prediction market platform Polymarket to its investment portfolio, bringing its total number of cryptocurrency-related holdings to 11 as of the second quarter. The fund, which focuses on private and public digital asset companies, disclosed the addition in its latest regulatory filing, expanding from seven
HKDAP could move the Hong Kong dollar beyond payments and into cross-border settlement, corporate treasury management and tokenized finance as regulated stablecoins gain a role in Hong Kong’s on-chain financial system, according to a HashKey researcher. HashKey senior researcher Tim Sun told crypto.news that the future role of Hong Kong dollar stablecoins, including HKDAP, could