While uncertainty surrounding the US Federal Reserve’s (FED) monetary policy persists, Boston Fed President Susan Collins has delivered a new interest rate message that is of great interest to the markets. In an article published on the official Boston Fed website, Collins stated that if there is no evidence that inflation is genuinely continuing to
Galaxy has launched a crypto-backed credit line for eligible US clients, allowing them to borrow against Bitcoin, Ether and Solana without selling their holdings. The revolving facility also accepts staked Solana. The credit line combines eligible assets under one facility. Galaxy says pledged collateral remains protected and is not rehypothecated, allowing borrowers to access cash
World Liberty Financial ($WLFI) CEO Zach Witkoff has publicly rejected allegations that the success of the project’s $USD1 stablecoin is linked to preferential treatment or influence from President Donald Trump’s family. In a recent CNBC interview, Witkoff dismissed concerns that companies or governments were using the stablecoin as a channel to funnel money to the
Cross-border payments have become increasingly digital, but much of the financial infrastructure underpinning them still operates around traditional banking and settlement hours. Stablecoins offer a different model. Dollar-backed tokens such as $USDT and $USDC can move and settle across blockchain networks around the clock, creating access to dollar-denominated liquidity even when conventional banking infrastructure is
Nvidia stock (NVDA) rose around 2% to $212 on Tuesday, putting the stock on track to halt its seven-session losing streak as investors prepared for the chipmaker’s fiscal second-quarter earnings after the bell Wednesday. The seven-day decline was Nvidia’s longest losing streak since 2022, with shares falling 7.5% over the stretch. The recent weakness has
EDX Markets integrates the yield-bearing digital security YLDS, issued by Figure, into its institutional cryptocurrency infrastructure, allowing customers to use it as collateral across the trading and clearing ecosystem. EDX’s offering is a part of an emerging trend rather than a unique concept. BlackRock USD Institutional Digital Liquidity Fund (“BUIDL”) has been accepted as collateral
Hivemind Digital Group, a digital asset investment firm, has secured $17 million in strategic investment to accelerate its tokenization initiatives. The round was led by M&G Investments, with participation from CPIC Investment Management Hong Kong, ZA Bank, and FalconX. The funding will support the development of infrastructure for tokenizing both traditional and digital assets on
Are you a retail investor wanting Anthropic exposure before Wall Street has a few indirect ways in, while the company stays private? Well, welcome! As Cryptopolitan recently reported, Anthropic ended July with annualized revenue above $65 billion, which is ahead of expectations. The Claude creator filed an early S-1 in June, according to CNBC, and
Nvidia, one of the biggest semiconductor chipmakers and a key player in the AI boom, is set to release its Q2 earnings on August 26. Wall Street expects around $92 billion in quarterly revenue and adjusted earnings of about $2.09 per share. Now, the big question is, will a strong Nvidia earnings report spark a