Ripple Prime, Ripple’s multi-asset prime brokerage business, launched a Delta One service for institutional investors, expanding into US equity derivatives. The offering allows clients to execute total return swaps linked to US-listed equities, indexes and digital assets, Ripple said in a Thursday announcement. Total return swaps provide exposure to an asset’s returns without requiring ownership
Bitcoin’s BTC$79,047.24 surge over the past ten days came after Scott Bessent and his Treasury Department took steps to cap or lower long-term interest rates. The Federal Reserve, though, may have the final say on whether the rally holds or crypto markets give back their recent gains. The Kansas City Fed’s annual Jackson Hole symposium
BlockFi founder Zac Prince has announced a new crypto loan program to attract more assets with promises of interest-only loans, waived origination fees, and other promotional offers. Meanwhile, members of a BlockFi class action who secured a court-ordered payout in their lawsuit against Prince, still haven’t actually received any money from that $13.25 million settlement.
Australia’s second-largest superannuation fund has built its largest Japanese yen overweight in years while reducing U.S. dollar exposure. The move reflects a defined view on interest rates and currency valuation. It shows how the institution is positioning for macro uncertainty through traditional markets. The Australian Retirement Trust (ART) manages around A$375 billion for 2.4 million
State treasurers across the country are quietly holding roughly $70 billion in unclaimed property, according to the National Association of Unclaimed Property Administrators. The money often comes from everyday loose ends like uncashed paychecks, dormant bank accounts, and even abandoned safe deposit box contents, and NAUPA says about 1 in 7 Americans could have something
Strategy founder Michael Saylor has highlighted how his company explored the potential of an AI solution to boost performance. According to Saylor, his firm used AI to solve a unique problem that eventually earned it $15 billion last year. Saylor noted that his company, Strategy, used OpenAI’s ChatGPT to design a hybrid preferred stock that
FinTax, a provider of crypto treasury and tax solutions alongside AI infrastructure, has secured seed funding in a round led by YZi Labs, the company announced. The investment round also saw participation from Amber Group, Hashhouse FundiAI, Waverider International, and Nexus Holdings. While the exact amount of the investment was not disclosed, the company confirmed
While the crypto industry is flooding regulators with applications for new funds, BlackRock is keeping its distance. Other major players are already actively dividing up the spot $XRP ETF market, but the financial giant remains firmly committed to Bitcoin and Ethereum. Nate Geraci, president of the consulting firm The ETF Store, called this position “highly
Nvidia shares climbed 6.7% to approximately $223.71 in premarket trading on Aug. 27 after the chipmaker reported stronger fiscal second-quarter results and issued an above-consensus outlook. The rally briefly reached about 8% earlier in the session. Bitcoin gained roughly 2.4% to trade near $80,400, while Nasdaq 100 futures advanced about 1.1%. The simultaneous moves reflected