A report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and trust grow. The document advises holding “moderately ample” levels of foreign reserves, with dollar bonds being their largest component. Report: China Should Reduce Forex Reserves As Yuan Matures China’s level of
Barbara Fried and Joseph Bankman, the parents of FTX founder Sam Bankman-Fried, who was convicted after the exchange’s collapse, used their first televised interview to challenge the core premise of his conviction, arguing that no customer money was ultimately lost. “The money was always there,” Bankman said during a weekend interview with CNN’s Michael Smerconish.
Asian stock markets suffered sharp losses Monday as the US-Iran war entered its fourth week with no sign of de-escalation, while a 48-hour ultimatum over the Strait of Hormuz rattled investor confidence globally. The conflict is now delivering simultaneous shocks to energy supply, inflation expectations, and monetary policy outlooks worldwide. Markets Buckle Under Escalating Pressure
Banks are exploring tokenized deposits as they test ways to move commercial bank money onto blockchain-based payment and settlement infrastructure, according to a new report from real-world asset data platform RWA.io The report, which was authored by RWA.io with contributions from industry participants including UK Finance, Citi, BNY, JPMorgan’s Kinexys, Standard Chartered, ABN Amro and
NYSE Arca and NYSE American have scrapped the 25,000-contract position and exercise limits on options tied to spot Bitcoin ($BTC) and Ether (ETH) ETFs. This makes them the last major US options exchanges to complete the transition. The SEC waived its standard 30-day review period on both filings, allowing the changes to take effect immediately.
Visa is actively hiring crypto engineers, signaling continued investment in blockchain and digital asset infrastructure. This move reflects growing interest among major financial institutions in integrating crypto-related technologies into their operations. The hiring push comes at a time when traditional payment firms are exploring new ways to support digital transactions and on-chain innovation. 💥BREAKING: Visa
Billionaire entrepreneur Mark Cuban believes the traditional banking sector is highly vulnerable to disruption, pointing to cryptocurrency and fintech as the primary catalysts for overhauling outdated financial systems. In a recent exchange on X (formerly Twitter), Cuban and tech commentator Adam.GPT discussed how emerging technologies are poised to “repave” and reinvent legacy corporate workflows from
Crypto platform Gemini has cut its workforce by 30% in 2026, citing a transformative integration of artificial intelligence (AI) that enables employees to achieve a “100x” productivity impact. The Rise of the ‘100x’ Worker Crypto platform Gemini has reduced its workforce by approximately 30% since the start of 2026, citing a “splitting of the atom”
Fidelity Investments told the US Securities and Exchange Commission (SEC) on Friday that it should continue to develop the regulatory framework for broker-dealers to offer, custody and trade crypto assets on alternative trading systems (ATS). The letter from the US’ third-largest asset manager was in reply to a call for comments earlier this month by