US Treasury Secretary Scott Bessent posted on X on April 29 that Washington’s sanctions campaign is now going after Iran’s “access to crypto,” alongside oil exports, shipping networks, and shadow banking channels. It is the first time the Treasury has named digital assets so explicitly in the context of the Iran pressure campaign, and it
Amid geopolitical tensions in global markets and record-high stock prices, renowned investor Cathie Wood shared her views on the current state of the cryptocurrency market and macroeconomic outlook. Wood made important assessments on many critical topics, from Bitcoin’s correlation with gold to the Fed’s interest rate policies. Wood pointed out a common misconception regarding the
The New York Stock Exchange (NYSE) has applied to the SEC for a rule change to allow tokenized securities to be traded on the exchange. According to the application, the New York Stock Exchange aims to allow tokenized versions of eligible stocks and ETFs to be traded under Depository Trust Company’s (DTC) three-year tokenization pilot
TokenSquare, a South Korean AI payments infrastructure company, has launched KRWQ, a Korean won-denominated stablecoin infrastructure built on $BSV blockchain technology, in partnership with the Switzerland-based $BSV Association. The system is designed for real-time payments, micropayments, and enterprise settlement using digital won-based rails. The project follows a memorandum of understanding signed in June 2025, followed
Kevin Warsh cleared a Senate Banking Committee vote on April 29 and is expected to chair his first Federal Open Market Committee (FOMC) meeting June 16-17, 2026, as futures and prediction markets put the odds of a rate hold above 93%. Key Takeaways: Kevin Warsh cleared a 13-11 Senate Banking Committee vote on April 29,
Fintech and stablecoin firms should consider looking outside of the US-to-Mexico corridor to win the $174 billion Latin America remittance market, according to a Bybit executive. Most firms have focused too narrowly on the $61.8 billion US-Mexico remittance market and are missing faster-growing corridors between the US and Central America, as well as remittances within
Morgan Stanley expects bitcoin to reach U.S. bank balance sheets, though key hurdles remain, according to Amy Oldenburg, the bank’s head of digital asset strategy. Speaking at the Bitcoin Conference in Las Vegas, Oldenburg, who was appointed new head of digital-asset strategy this year, outlined how the firm is laying the groundwork for the expansion
Peter Thiel’s Founders Fund has closed a new $6 billion fund, marking the largest raise in the venture capital firm’s history. The vehicle will focus mainly on late-stage companies as private startups continue to seek large funding rounds outside public markets. Bloomberg reported that Founders Fund raised $6 billion for a new late-stage investment vehicle,
US President Donald Trump has made some statements suggesting that talks with Iran have been positive. Here’s what Trump said: The US will safely guide neutral vessels through the Strait of Hormuz starting Monday morning. Talks with Iran are ongoing that could yield “very positive results.” Any interference with humanitarian aid vessels will be met
Investors are pouring record amounts of capital into U.S. industrial and infrastructure-focused exchange-traded funds (ETFs), reflecting growing confidence in the next phase of the artificial intelligence (AI) boom. In this line, industrial sector ETFs attracted about $25 billion in inflows over the past 12 months, marking a record high. At the same time, infrastructure and