Binance founder Changpeng Zhao (CZ) argued on Friday that most artificial intelligence (AI) companies will go bust, even as Anthropic closed in on a $1 trillion valuation and OpenAI moved toward its initial public offering (IPO). His warning landed during one of the busiest stretches in AI fundraising history, with two private firms now collectively
An amendment to Hong Kong’s Stamp Duty bill could mean that dual-counter securities traded in yuan are subject to stamp duty directly in renminbi. This is also another effort aimed at boosting RMB offshore liquidity and strengthening the city’s position as the region’s hub for digital asset and ETF trading. The proposed Stamp Duty (Amendment)
Recent moves by the Iranian government to Bitcoin for oil tolls as gold overtakes US dollar assets in global central bank reserves signals a “shift away from dollar-based systems,” according to crypto financial services company Fidelity Digital Investments. Tehran’s acceptance of $BTC for oil shipments passing through the Strait of Hormuz represents the emergence of
Crypto trading firm FalconX has confidentially filed a draft S-1 registration statement with the Securities and Exchange Commission (SEC), the initial step toward a potential public listing, according to a person with knowledge of the matter. FalconX has hired Wall Street heavyweight Cantor and other bankers to advise on its initial public offering (IPO), the
Major financial institutions are moving deeper into tokenized finance, but the conversation is starting to shift beyond simply bringing assets onchain. Morgan Stanley is among the firms signaling growing interest in blockchain-based financial infrastructure, with CFO Sharon Yeshaya recently highlighting tokenization as an emerging area of focus. The shift reflects a broader recalibration across traditional
Project Acacia has now tested how tokenized asset markets could settle in Australia. The Reserve Bank of Australia and Digital Finance Cooperative Research Centre released findings from Project Acacia, a wholesale experiment that moved digital money and tokenization from policy theory into market plumbing. The project tested 20 wholesale tokenized asset market use cases across
Chinese crypto whale Garrett Jin stated in his weekly market signal strategy report that no single event would be sufficient to trigger a lasting market breakdown. According to Jin, a true turning point requires the simultaneous influence of at least two factors: credit markets, Fed policies, and geopolitical developments. Garrett Jin noted that uncertainty persists
Animoca Brands, the Hong Kong-headquartered conglomerate with investments in gaming, metaverse infrastructure, and AI, has invested $1 million in Superior.Trade under its new Minds Investment Programme, which was created to fund startups building agentic applications using Minds as a core infrastructure layer, according to a Thursday statement. The investment comes from Animoca Brands and its