The People’s Bank of China has added eight commercial banks to its digital yuan operating network, taking the number of e-CNY service operators to 30 as the central bank continues expanding access to its state-backed digital currency. According to an Aug. 17 statement from the People’s Bank of China, Ping An Bank, Hengfeng Bank, China
“Very unlikely.” That’s how Goldman Sachs described the chances of a September Federal Reserve interest-rate increase, which provides a potential major tailwind for bitcoin BTC$63,611.71, which has traded in a narrow range since early July. The cryptocurrency is currently priced around $63,500, a 1% gain since midnight UTC. The price has remained firmly locked within
Robert Kiyosaki Favors Silver as Federal Debt Approaches $40 Trillion Rich Dad Poor Dad author Robert Kiyosaki urged followers to consider their response to rising federal debt in an Aug. 15 post on X, while highlighting ambitious precious-metals forecasts. His remarks arrived as investors assessed inflation, fiscal policy, and whether scarce assets could preserve purchasing
Stripe is reportedly closing in on one of the biggest deals in its history, with Bloomberg reporting that the payments giant has finalized an agreement to acquire AI gateway startup OpenRouter in a transaction valued at more than $7 billion. If confirmed, the move would mark Stripe’s largest known bet on artificial intelligence infrastructure and
STRC Outperforms as Bitcoin Declines STRC outpaced bitcoin by 56 percentage points over the past year, according to a one-year return chart Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor shared Aug. 16 on X. The chart measured returns through the Aug. 14 market close and highlighted the performance gap between bitcoin and Strategy’s income-producing
The number of new products being introduced in the U.S. ETF market is growing at an unprecedented rate. 900 new ETFs have already debuted in 2026, according to The Kobeissi Letter, setting the market up for its most successful year to date. Roughly 1,470 ETFs could be launched by the end of 2026 if the
You earn a very small amount of interest when you let banks hang onto your money, and bankers contend that letting crypto platforms pay you more just for holding stablecoins would throw the U.S. economy into danger. That argument may have contributed to fatally derailing the Senate’s Digital Asset Market Clarity Act. Even after a
A pair of financial institutions managing more than $1 trillion each approved crypto products this summer, a shift Bitwise CEO Hunter Horsley says shows large firms are expanding crypto access even during a bear market. “This year everyone just put on the crypto jersey,” Horsley said during an interview with CoinDesk. “Everyone works for crypto
Strategy Chairman Michael Saylor published an annual performance report on digital credit instruments under the Strategy brand on his social media accounts, showing investors a striking divergence between the performance of the company’s structured products and the price action of the leading cryptocurrency. According to the infographic, while “raw” Bitcoin plunged 47% over the past