BlackRock, one of the world’s largest asset management companies, has revised its growth forecast for the cryptocurrency space upwards. In his 2026 shareholder letter, CEO Larry Fink stated that they anticipate the company’s crypto business unit could generate approximately $500 million in annual revenue over the next five years. Fink’s assessment is seen as a
Stablecoin issuer Circle’s (CRCL) shares tumbled on Tuesday, after a draft version of U.S. stablecoin legislation raised concerns about limits on yield. The stock of the $USDC issuer fell as much as 18% in the early U.S. session, snapping a weeks-long rally that saw more than 100% gain. Meanwhile, crypto platform Coinbase (COIN), which shares
NEW YORK — Amy Oldenburg, the head of digital asset strategy at Morgan Stanley (MS), rejected the idea that Wall Street is only now embracing crypto due to fear of missing out, arguing that large banks are acting after years of preparation. “TradFi is getting FOMO and is now getting involved … it really isn’t
Bitcoin $BTC$70,016.93 slipped back toward $69,000 on Tuesday morning as a broader pullback in equities spilled over into crypto markets. After trading near $71,000 earlier in the session, $BTC fell to around $69,600 in the early U.S. hours, tracking a broader reversal in risk assets. Ether (ETH), Solana (SOL) and $XRP ($XRP) were also down
The Financial Stability Board (FSB), a global financial watchdog hosted by the Bank for International Settlements, warned on Tuesday that foreign currency-denominated stablecoins can pose financial stability and macroeconomic risks for emerging market and developing economies. In its annual report for 2025, the FSB said that US dollar-denominated stablecoins circulating across multiple jurisdictions pose “potentially
Institutional investors aren’t just betting on ‘number go up’ strategy for crypto anymore, they are shifting to hunting for steady sources of income. Many institutions already hold bitcoin BTC$71,021.58 and ether ($ETH) on their balance sheets. While they are holding these assets for the long-term price appreciation, investors are increasingly seeking to put them to
Invesco, a U.S.-based asset manager overseeing $2.2 trillion in assets, will take over management of Superstate’s tokenized U.S. Treasury fund in a move that brings a large traditional asset manager deeper into blockchain-based finance. The USTB fund holds short-term U.S. government securities and represents more than $900 million in assets. It ranks among the largest
OpenAI is offering private equity firms a guaranteed minimum return of 17.5% on new joint ventures. This has drawn comparisons to the Terra Luna collapse from crypto industry leaders and Wall Street veterans. Nansen CEO Alex Svanevik and former BlackRock portfolio manager Edward Dowd question the sustainability of the structure. Why a 17.5% Floor Triggered
YZi Labs, an independent investment firm and family office that manages over $10 billion in assets for Changpeng Zhao (CZ) and Yi He, has accused CEA Industries (NASDAQ: BNC), a publicly traded company servicing the Controlled Environment Agriculture (CEA) industry, of systemic governance failures, condemning its payment of $1.98 million to a departing CEO as