Wall Street financial services firm Cantor is among investment banks that are pitching cryptocurrency trading platform FalconX for its potential IPO, according to two people with knowledge of the matter. The company has held preliminarytalks with possible advisors, but FalconX has not yet formally appointed bankers for its initial public offering, the people said, who
Fed unveils a 90-day comment plan to ease Basel III and G-SIB capital rules, modestly cutting requirements for large banks and more for regional lenders. Summary Fed launches a 90-day comment period on proposals that slightly lower capital requirements for large banks and more materially for smaller regionals. Bowman’s “four pillars” overhaul spans stress tests,
Ryde Group, a Singapore-based ride-sharing and carpool platform, similar to Uber or Lyft, said Wednesday that it has adopted a crypto treasury strategy for its corporate reserve. The company said it will invest a portion of its corporate reserves into Bitcoin ($BTC), Ether (ETH), and Sol (SOL), with specific allocations and time of purchase to
Apyx, a dividend-backed stablecoin protocol, acquired an additional 33,888 shares of Strategy’s preferred stock instrument STRC, bringing its total holdings to 288,888 shares valued at approximately $29 million. We just bought more $STRC ❗️ After purchasing an additional 33,888 shares, Apyx now holds 288,888 $STRC. Enhanced digital credit yield is now onchain.And it’s coming for
Dutch market maker IMC Trading has hired Alex Casimo as chief commercial officer of its cryptocurrency business, according to a person with direct knowledge of the matter. Casimo started in his new role this week and is based in London, the person said, who spoke on condition of anonymity as the matter is private. The
The crypto market is down today and facing renewed pressure as inflation concerns grow due to the U.S.-Iran war, which is sending oil prices to new highs. With inflationary pressure on the U.S. economy mounting, crypto traders are now pricing out Fed rate cuts this year, a development that is bearish for crypto assets.
Cryptocurrencies like Bitcoin offer individuals complete control over their funds, but the same can’t be said for assets locked in vaults, according to the World Gold Council. On Thursday, the trade association formed and funded by the world’s leading gold mining companies proposed a framework for addressing complexities tied to tokenized gold, with the aim
The stablecoin debate in Washington is increasingly becoming a fight over a single question: who gets to keep deposit insurance on-chain? FDIC Chair Travis Hill signaled that payment stablecoins under the GENIUS Act should not qualify for pass-through insurance, while tokenized deposits that meet the legal definition of a deposit would retain the same insurance
Mid-March yielded one of the most impressive win streaks recorded on the Polymarket prediction market as a user designated reachingthesky managed to increase his position more than one hundredfold in less than a week. Specifically, the value of the trader’s total position on March 14 was recorded at just under $26,000, while, at press time
The Federal Reserve decided to keep interest rates parked at 3.5%-3.75% this week, and the market responded with all the enthusiasm of someone finding out their flight got canceled. Risk assets across the board took a hit, with crypto leading the retreat as traders recalibrated their expectations for how long tight monetary policy sticks around.