Warnings of eroding U.S. credibility and accelerating de-dollarization are intensifying fears of a harsher economic path marked by rising debt, higher interest rates, persistent inflation, and an elevated risk of recession. Gold Surge Signals Dollar Weakness, Inflation Fears Heightened geopolitical tensions and currency concerns are intensifying focus on gold as a signal of shifting economic
DOL plan to let 401(k)s hold crypto and private funds could unlock trillions in new demand while triggering sharp warnings over fees, volatility and risk. The U.S. Department of Labor (DOL) has proposed new rules that would allow 401(k) retirement plans to invest in alternative assets ranging from private equity and private credit to cryptocurrencies,
Ant Group bought a 50.55% stake in Hong Kong broker Yau Choy Securities for about $360M, reshaping its board as it quietly positions for a local stablecoin license. Ant Group has completed its acquisition of Hong Kong-listed Yau Choy Securities, taking a 50.55% controlling stake in what local markets dub a “stablecoin concept” stock for
Former a16z crypto investor Sam Broner has raised $10 million to launch The Better Money Company, a startup aiming to become a clearinghouse for U.S. dollar stablecoins in the wake of America’s new federal GENIUS Act regime. Broner co-founded the company in November with college friend Adam Zuckerman, a former Latham & Watkins attorney who
In brief Benchmark analysts assigned a $16 price target to Securitize, expressing bullishness on the firm’s ability to establish a competitive moat through blue-chip partnerships. The BlackRock-backed firm has a great deal of visibility into future revenue streams as Wall Street warms to tokenization, Benchmark’s Mark Palmer told Decrypt. Benchmark analysts expect the company to
Most people have never heard of ISO 20022. It is a global standard for how financial institutions send payment information to each other. First introduced in 2004, it aims to replace older messaging formats that banks have used for decades. Older systems relied heavily on free-text fields. That meant payment details often had to be
Tether Holdings SA released two senior precious metals traders it recruited from HSBC Holdings Plc just months ago. The departures mark a sudden reversal for the stablecoin issuer, which had framed the hires as central to its ambitions in the global bullion market. Why the Hires Mattered Vincent Domien, HSBC’s former global head of metals
Elon Musk denied reports that SpaceX would exclude Robinhood Markets (HOOD) and SoFi Technologies (SOFI) from its upcoming initial public offering. The denial follows concerns spread that both retail-focused brokerages could be sidelined in what may become the largest IPO in history. Retail Access Fears Followed Reuters Report A Reuters report on March 30 stated
Block is pushing its AI strategy further, with CEO Jack Dorsey and lead independent director Roelof Botha outlining a plan to rebuild the fintech company as a mini-AGI. In a new essay published Tuesday morning, Dorsey and Botha argue that AI should do more than improve worker productivity and instead replace traditional layers of coordination
Bitcoin rose alongside U.S. stocks after Iran’s President Masoud Pezeshkian reportedly said the country would be prepared to end the conflict if it receives security guarantees. The crypto asset was trading at $67,762, up nearly 2% over the past 24 hours. The Nasdad about doubled its gain on the news, now higher by 3.1%. WTI