Kazakhstan, one of the world’s largest bitcoin mining countries, has become the location of central Asia’s first spot bitcoin BTC$120,043.54 exchange-traded fund (ETF). Astana-based Fonte Capital said the Fonte Bitcoin Exchange Traded Fund OEIC (BETF) will start trading Aug. 13 on the Astana International Exchange (AIX). The ETF will be priced in dollars. Kazakhstan shot
Altcoins added to their rally during late Tuesday U.S. afternoon hours after Treasury Secretary Scott Bessent suggested the Federal Reserve should consider a 50 basis point rate cut at its upcoming September meeting. “The real thing now to think about is should we get a 50 basis-point rate cut in September,” Bessent told Fox News.
Circle (CRCL), the stablecoin issuer firm behind the USDC token, announced on Tuesday a secondary stock sale of 10 million shares. The company is offering 2 million of Class A common stock for sale, while selling stockholders are unloading another 8 million, according to an S-1 filing with the U.S. Securities and Exchange Commission (SEC).
Tech billionaire Peter Thiel is backing yet another Ethereum treasury company—and the company’s stock has tripled in price on the development. According to a recent SEC filing, Thiel and related entities he manages purchased a 7.5% stake in 180 Life Sciences, a biotech company once focused on researching inflammatory diseases that recently pivoted to stockpiling
US Treasury Secretary Scott Bessent made noteworthy assessments of the FED in his statements to Fox Business. Bessent argued that the Fed should have cut interest rates in June, given accurate economic data. Bessent, who stated that the Trump administration is “open-minded” in selecting the Fed Chair, said they are looking for a vision for
Stocks gained on Tuesday following the release of the latest inflation data for the United States, with the Dow Jones Industrial Average jumping more than 500 points and both S&P 500 and Nasdaq Composite edging towards record highs. Summary U.S. stocks inched higher as investors reacted to latest inflation data. The S&P 500 broke above
The world of cryptocurrency is often full of surprises, and recent reports about Trump crypto earnings certainly fit that description. According to an estimation by The New Yorker, former President Donald Trump has amassed an astonishing $2.4 billion from various crypto-related ventures since 2022. This figure highlights a significant financial intersection between politics and the
Former Binance dealmaker Ryan Horn has joined the advisory board of Hilbert Group, a Sweden-based, publicly listed digital asset manager, to support the rollout of Syntetika, its onchain platform for tokenized assets and funds. At Binance, Horn secured high-profile partnerships, including a deal with football star Cristiano Ronaldo. Hilbert Group manages crypto-focused investment products for
US President Donald Trump has gained roughly $2.4 billion from his crypto-related ventures since entering the space in 2022, according to estimates from The New Yorker. The gains show a diversification of the Trump family’s crypto income streams and raise new concerns for a Commander-in-Chief overseeing the industry’s regulation in the United States. According to
A significant development is emerging from Eastern Europe, capturing the attention of the global cryptocurrency community. The President of Belarus, Alexander Lukashenka, has recently voiced unequivocal and strong Belarus crypto support, signaling a potentially transformative shift in the nation’s economic landscape. According to reports from “The Bitcoin Historian” on X, President Lukashenka highlighted Bitcoin and