Category: Business

On May 15, Jerome Powell’s tenure as chair of the Federal Reserve came to an end, bringing to a close one of the most significant periods of monetary policy in the history of cryptocurrency. Powell’s effect in the office Powell took office as Fed chair on February 5, 2018, and on May 23, 2022, he

Wells Fargo reported larger positions in Ether exchange-traded funds in the first quarter while reshuffling its Bitcoin ETF holdings across several products, according to its latest Securities and Exchange Commission filing. The bank said it raised its holdings in Ether ($ETH) ETFs, including BlackRock’s iShares Ethereum Trust ETF (ETHA) and the Bitwise Ethereum ETF (ETHW),

Bakkt swung to a first-quarter loss as crypto services revenue fell 77%, underscoring the digital asset platform’s push to reposition itself around stablecoin payments and AI-enabled financial infrastructure. On Monday, the company reported a net loss attributable to Bakkt of $11.7 million, or 41 cents per basic and diluted share, for the quarter ended March

Exodus Movement (EXOD) cut its bitcoin holdings by 1,076 $BTC in the first quarter, while adding 5,068 $SOL, as it moved more of its balance sheet into cash as the crypto wallet provider prepared to close its W3C payments deal. The company held 628 $BTC at the end of March, down from 1,704 $BTC on

President Donald Trump declared on May 11 that the US-Iran ceasefire is on “massive life support,” giving it a “1% chance of living” after dismissing Iran’s latest peace proposal as “stupid” and “a piece of garbage.” The month-old truce now looks like it’s hanging by a thread, and crypto markets are watching closely. The rejection

Ark Invest bought $5.5 million worth of shares in Circle Internet (CRCL) on Monday as the stablecoin developer’s stock pumped following its first-quarter earnings report. The St. Petersburg, Florida-based investment manager added 41,904 shares across three of its exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW) and Blockchain and Fintech Innovation (ARKF). CRCL shares

Anthropic, the AI company behind Claude, is warning investors that tokenized products claiming to offer access to its private shares may be invalid, escalating a fight over whether restricted pre-IPO stock can be repackaged for retail traders. In an updated investor-warning page first published in February, Anthropic said any unapproved sale or transfer of its

Canada is handing back $148 million to 30 US-based companies after repealing the digital services tax (DST) that briefly made it one of the most aggressive jurisdictions for taxing Big Tech. The Canada Revenue Agency processed the refunds, plus $4 million in interest, by the end of April 2026. The DST, a 3% levy on

Bitcoin is testing its 200-day moving average at $82,000, driven by recent massive cash inflows and increased interest from global financial giants. Prominent figures in the financial world, participating in “The Wolf of All Streets,” analyzed the moves of giants like BlackRock, Apollo, and MicroStrategy, offering crucial predictions about the market’s future. Dave Weisberger, former

Ripple joined the Prime Unicorn Index alongside OpenAI, SpaceX, Databricks and Stripe, as the only blockchain infrastructure company among the top ten. The company participated in a pilot with Mastercard, Ondo Finance and JPMorgan Chase to test a tokenized Treasury redemption flow on the $XRP Ledger. Ripple is currently running a $25 million education program