Arc, Canton and Tempo, three blockchains focused on stablecoins and tokenization, have raised more than $1 billion combined, highlighting rising institutional demand for privacy-focused crypto infrastructure, according to Bitwise CIO Matt Hougan. Stablecoin issuer Circle (CRCL) recently raised $222 million at a $3 billion valuation for Arc, while Digital Asset is reportedly raising $300 million
The US Senate confirmed former Federal Reserve official and financier Kevin Warsh for a 14-year term on the Federal Reserve Board of Governors. According to Reuters, the Senate is now expected to expedite the confirmation process for Warsh’s four-year term as Fed Chairman. The vote could be completed by Wednesday, while current Fed Chairman Jerome
In the US, inflation rose above expectations in April to 3.8% year-on-year, driven by increasing energy prices stemming from the Iran conflict. Rising fuel prices also increased transportation, food, and manufacturing costs, raising concerns about broader inflationary pressure on the economy. According to the data, the average price of gasoline has risen from $3.14 last
TD Cowen has reiterated its Buy rating and $16 price target for Sharplink (NASDAQ: SBET), the publicly traded Ethereum accumulator, signaling confidence in the company’s strategy even as its stock trades at a notable discount to its underlying asset value. The analyst’s decision comes as Sharplink continues to build its position in the world’s second-largest
Trading and investing platform eToro reported stronger-than-expected first-quarter earnings on Tuesday, helped by a sharp increase in commodities trading activity during a volatile market environment. Shares of the company rose 6.5% in premarket trading. The stock has gained nearly 10% so far this year as of the previous close. Markets remained volatile during the first
A full-time sports analyst has emerged as one of the biggest success stories on cryptocurrency-based prediction market platform Polymarket, reportedly turning an initial balance of about $420 into over $1.3 million in profits. On-chain data from the platform shows the trader, known as frankfrankfrank, achieved the feat through disciplined, high-conviction betting across sports, tennis, and
$XRP exchange-traded funds (ETF) drummed up their biggest inflows since January amid a slew of developments at related company Ripple and favorable price action for the world’s fourth-largest token by market capitalization. The five U.S.-listed spot $XRP exchange-traded funds reported a combined $25.8 million in net inflows on Monday, the largest single-day haul since Jan.
BlackRock has filed with the SEC for a new tokenized fund structure and selected Securitize to power the infrastructure for a second time. The filing comes after the success of BUIDL, BlackRock’s first tokenized fund launched with Securitize in 2024, which has grown to approximately $2.3B in assets. The new filing outlines a model where
Kyobo Life Insurance has established a dedicated digital asset organization within its group structure, signaling a significant move by one of South Korea’s largest life insurers into blockchain-based financial services. The new unit, formed last month, is expected to develop a mid-to-long-term digital asset roadmap for the entire Kyobo Group, according to a report from
Ondo Finance has announced that the total value locked (TVL) in equity tokens on its Ondo Global Markets platform has surpassed $1 billion, marking a significant milestone for the tokenized securities sector. The platform now holds over 70% of the market share in this emerging asset class, with cumulative trading volume exceeding $18 billion. What