The ongoing war between the US and Iran, lasting for weeks, has created increasing uncertainty and rising oil prices, raising inflation risks. At this point, there is talk that the Fed may postpone interest rate cuts until the end of the year, or even raise rates if deemed necessary. However, Goldman Sachs predicted that the
Wall Street asset management giant Franklin Templeton is launching a dedicated cryptocurrency division as it deepens its push into digital assets, anchored by a planned acquisition of crypto investment firm 250 Digital. The new unit, called Franklin Crypto, will bring together the 250 Digital team and its liquid crypto strategies — previously managed by CoinFund
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 1968.28, up 1.0% (+20.29) since yesterday’s close. Eighteen of 20 assets is trading higher. Leaders: AVAX (+4.0%) and HBAR (+3.6%). Laggards: BCH (-2.1%) and BNB (+0.0%). The CoinDesk 20
CoinShares, a European-based digital asset manager, is slated to make its US public markets debut today following the completion of a special purpose acquisition company (SPAC) merger, highlighting the crypto industry’s deepening ties with public markets. The company announced Wednesday that it had finalized a previously announced business combination with Vine Hill Capital Investment Corp.,
Franklin Templeton is acquiring 250 Digital, a spinoff from CoinFund, to grow its crypto investment offerings, The Wall Street Journal reported Wednesday. The entity is led by Seth Ginns and Chris Perkins, who previously served as CoinFund’s managing partner and president and managing partner and head of liquid investments, respectively. 250 Digital was formally established
Monzo, the UK’s largest app-based digital bank with more than 15 million customers, is closing its short-lived US expansion chapter to prioritize home markets after struggling to establish a strong presence. Monzo, one of Revolut’s main frenemies, entered the US market in 2020 and swiftly chased a banking license before backing off in October 2021
Artificial intelligence giant OpenAI has closed $122 billion in committed capital at an $852 billion post-money valuation, a round that dwarfs anything raised in private markets and cements the company as the most valuable startup in history by a wide margin. The funding was anchored by Amazon, Nvidia, and SoftBank, with continued participation from Microsoft.
Brent crude oil futures posted over a 60% gain in March. This marked the strongest monthly rally in the benchmark’s history, dating back to 1988. The May contract settled roughly 5% higher on Tuesday at $118.35 per barrel. West Texas Intermediate (WTI), the US benchmark, climbed about 51% during the month for its best performance
In Jack Dorsey’s view of the world, the job most at risk from the AI revolution is the middle manager. Dorsey argues in a new essay, “From Hierarchy to Intelligence,” published with Roelof Botha, Sequoia Capital’s managing partner, an investor in Block, that his company’s decision to cut approximately 4,000 of its more than 10,000
Hyun Song Shin spent 12 years at the Bank for International Settlements, shaping how central banks think about digital money. On March 22, South Korean President Lee Jae-myung nominated him to lead the Bank of Korea. He replaces outgoing Governor Lee Chang-yong when the term ends in April. The economist who built the case for