U.S. treasuries climbed while the dollar bond index dropped to an intraday low of 98.8, signaling a notable swing in risk sentiment across global markets. According to Gate market data, U.S. Treasury bonds “continue to rise” while the U.S. dollar index, DXY, “has fallen to an intraday low,” currently quoted at 98.8 against a base
Stablecoins are settling trillions of dollars a year on crypto rails. But inside regulated U.S. payments infrastructure, they are still a single-digit slice of volume. David Simon, president of Reliant, joined TheStreet Roundtable to give a clear picture of what that adoption curve looks like from inside a compliant operator. Reliant is a third-party payment
Mary Daly says the Fed cannot restore price stability by “harming the economy,” underscoring a cautious stance on rates as inflation lingers above target. Mary Daly, president of the Federal Reserve Bank of San Francisco, said restoring price stability remains “crucial” for the U.S. central bank, but warned that the Federal Reserve cannot pursue that
Jefferies, one of Wall Street’s more established investment banks, just put a number on what many in the crypto industry have been whispering about for years. The bank projects that public listings of crypto and blockchain-related companies could collectively reach a $1 trillion market by 2031. The forecast emerged from the bank’s inaugural Digital Assets
SoFi Technology (NASDAQ: SOFI) stock price popped on Friday after forming the highly bullish double-bottom pattern at $15. It soared to a high of $18.50, its highest point since April 28, up by 22% from its lowest point this year, as investors welcomed the new stablecoin. SoFi Technology stock technicals point to more gains The
US Treasury Secretary Scott Bessent took the stage at the Ronald Reagan Presidential Library this week with a message that was equal parts alarm bell and policy roadmap. His address, titled “While America Slept,” argued that decades of American industrial policy have traded resilience for efficiency, and that the bill is now coming due. The
Anthropic is set to tap a $36 billion private credit deal led by Blackstone and Apollo to finance Google AI chips backed by Broadcom, in one of history’s largest debt financings. Private equity giants Apollo Global Management and Blackstone are working to syndicate roughly $36 billion in debt financing that will fund Anthropic’s next wave
US President Donald Trump announced that a meeting is currently underway to make a final decision regarding the agreement with Iran. Trump said Iran must agree that it will not possess nuclear weapons or bombs under any circumstances. He also stated that the Strait of Hormuz should be immediately opened and no transit fees should
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 1975.1, down 0.8% (-14.99) since 4 p.m. ET on Thursday. Three of the 20 assets are trading higher. Leaders: NEAR (+1%) and HBAR (+0.5%). Laggards: TAO (-4%) and ICP
Strategy is facing renewed scrutiny over its preferred stock financing model as investors question whether dividend obligations could eventually pressure the company to sell some of its Bitcoin. The Strategy situation has “gotten out of hand,” Arca chief investment officer Jeff Dorman said in an X post on Thursday, referring to its roughly $15 billion