Shopping giant eBay has rejected video game retailer GameStop’s ambitious $56 billion takeover offer, leaving the latter to decide whether it wants to walk away, raise the bid or take the fight directly to shareholders. EBay’s board called the half-cash, half-stock offer “neither credible nor attractive” on Tuesday, per Reuters, citing doubts around financing and
Payward, the parent company of crypto exchange Kraken, is working with asset manager Franklin Templeton to expand the use of tokenized financial products for institutional investors. The companies said Tuesday they will develop a range of blockchain-based investment offerings, including tokenized yield products, tokenized equities and custody services tied to digital assets. The move comes
Mitsui & Co. Digital Asset Management has introduced Japan’s first digital security product backed by a land-based real-world asset (RWA). The underlying asset is the land rights for AEON Omiya, a major commercial facility in Saitama Prefecture, marking a significant step in the country’s tokenization of physical assets. Details of the Land-Backed Security The security
Web3 salaries have fallen sharply in 2026, hitting their lowest level in half a decade, and all that just a year after peaking at record highs in early 2025. As the latest Finbold analysis shows, the average Web3 worker in May 2026 earns around $138,000 a year – a steep 75.1% decline from the January
U.S. inflation data came in hotter than expected on Wednesday, reinforcing expectations that the Federal Reserve will keep interest rates steady at 350-375bps not only at its June 17 meeting, but also likely through the end of the year. The Consumer Price Index (CPI) year-over-year rose 3.8% in April, according to a report from the
BitMine’s chairman Tom Lee and Michael Saylor, the chairman of the world’s largest Bitcoin treasury firm, MicroStrategy, have resumed their aggressive crypto purchases in the new week. While the moves have become the talk of the crypto community, it has been observed that Tom Lee spent more on his Ethereum purchase this week than Saylor
The current stagnation in South Korea’s digital asset market may be nothing more than the “calm before the storm,” according to Jeff Park, a researcher at Bitwise. Park has predicted that a massive surge in Bitcoin’s price is inevitable once retail investors decide to exit their currently profitable positions in the traditional stock market. Park
$XRP ETFs recently recorded their largest single-day net inflow since early January, representing the second-largest figure for the year. The latest performance comes on the back of an $XRP price rebound effort, as the altcoin leverages the broader market recovery push to reclaim and hold above the $1.45 mark, up 6.87% this month. Key Points
The US dollar held steady on Tuesday even as hopes for a Middle East peace deal weakened and oil prices climbed higher. Markets are now balancing two opposing forces, i.e., rising geopolitical risk and expectations that central banks will keep interest rates elevated for longer. Investors grew more cautious after Donald Trump described the Iran