Investors in Blackstone’s flagship private credit fund asked for their money back this quarter. Half of them won’t get it. The $79 billion Blackstone Private Credit Fund (BCRED) told shareholders on Thursday that withdrawal requests hit 10% of its outstanding shares but the fund will honor just 5%. It is the first time BCRED has
A publicly-traded children’s tutoring company has reinvented itself three times over the past year, pivoting from online education to Solana treasury management, then AI datacenter operations, and eventually, HyperLiquid yield farming. Unfortunately, it dwindled to a penny stock in the process. Shareholders have paid for every cringeworthy bandwagon hop. Its stock is down 99.9% over
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1751.54, down 3.7% (-67.17) since 4 p.m. ET on Wednesday. One of the 20 assets is trading higher. Leaders: BCH (+1.5%) and HBAR (-2.1%). Laggards: NEAR (-15.2%) and ICP
Investment bank Goldman Sachs has teamed up with fund servicing giant Apex Group and digital asset exchange Archax to tokenize real estate, the firms said on Thursday. Infrastructure provider Ownera and real estate investment manager LRC Group are also included in the debut of the blockchain-native real estate fund. The tokenization of real-world assets (RWAs)
Scott Bessent wants you to know this inflation thing is going to blow over. The US Treasury Secretary characterized the recent price surge, driven largely by the ongoing US-Iran conflict, as a “short-term blip” during briefings in late May 2026. That’s a bold claim when inflation just hit 4.5% in April 2026, a nearly three-year
The Federal Reserve’s latest Beige Book shows a US economy still expanding, but only modestly, while inflation pressures are becoming harder to ignore. The report, published June 3, said economic activity increased at a slight to moderate pace in ten of the twelve Federal Reserve Districts. One District reported a slight decline, while another reported
Elon Musk’s SpaceX is planning to set a fixed IPO price of $135 per share ahead of its roadshow, according to CNBC, marking an unusual move for a company preparing what could become the largest public listing ever. The company plans to sell 555.6 million shares, implying a $75 billion offering size. At that price,
Federal Reserve Bank of Dallas President Lorie K. Logan has expressed growing concern that the U.S. may require higher interest rates later this year. Logan cited the slow return of inflation to the Federal Reserve’s 2% target as a primary reason for her apprehension. Despite these concerns, she noted that the U.S. economy remains robust,