VanEck has made some of its digital asset exchange-traded products (ETPs) available to 401(k) holders in the United States, signaling a push to integrate crypto-focused investments into traditional retirement accounts. On Wednesday, the fund issuer said a selection of its digital asset ETPs will be offered through Basic Capital, a fintech platform that provides employer-sponsored
American banking giant Goldman Sachs’ trading desk has stated that hedge fund positioning in U.S. equities could set the stage for a sharp stock market rally if positive catalysts emerge. In this case, data from the bank’s prime brokerage unit shows speculative investors have largely maintained bullish positions in individual stocks. At the same time,
Japan will begin releasing crude oil from its strategic reserves as early as next Monday to curb potential spikes in gasoline and petroleum prices caused by Middle East conflicts and disruptions to Persian Gulf oil shipments, Prime Minister Sanae Takaichi said Wednesday. The intervention will mark the first time the nation has tapped its government
Mastercard just assembled what amounts to a crypto Avengers team. The payments giant has launched a Crypto Partner Program that brings together more than 85 digital asset companies, all aimed at building infrastructure for cross-border transfers, business-to-business payments, and global payouts. The move is Mastercard’s most aggressive step yet into the digital asset ecosystem, and
A Qatari-backed fund has made a $47-per-share offer to acquire Papa John’s and take the company private, The Wall Street Journal reported Wednesday, citing people familiar with the bid. Papa John’s, which runs 6,000 locations across roughly 50 countries, has seen its shares fall 16% over the past year, but stock prices jumped around 20%
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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 1980.55, down 0.6% (-12.31) since 4 p.m. ET on Tuesday. Eight of 20 assets are trading higher. Leaders: ICP (+11.9%) and DOT (+2.2%). Laggards: HBAR (-1.8%) and XLM (-1.6%).
After retreating back to the $69,000 area during early U.S. morning hours Wednesday, bitcoin BTC$69,593.87 has quickly spiked to nearly $71,000. Other crypto assets, including ether (ETH), solana (SOL) and XRP, saw the same sharp moves higher. The gains appeared to come as crude oil quickly reversed most of its session’s large gains, dropping $3
As adoption of Bitcoin (BTC) and altcoins continues to grow, the latest news comes for Solana (SOL). Accordingly, Solmate, which is traded on Nasdaq, announced that it will establish its Solana headquarters in the United Arab Emirates. Solmate, currently operating under the name Brera Holdings PLC, announced it will change its name to Solmate Infrastructure