This is a segment from the Empire newsletter. To read full editions, subscribe. Scenius Capital is making some moves. Ben Jacobs, co-founder and managing partner, told Blockworks exclusively that the firm just closed a “slightly oversubscribed” $20 million fundraise for a fund of emerging crypto VC funds. “We think we’ve carved out a unique niche
The Dow Jones Industrial Average gained 200 points as stocks added to the previous session’s gains, with President Donald Trump’s chip tariff announcement buoying tech stocks. Summary Dow Jones Industrial Average gained by more than 200 points as stocks opened higher. Tech stocks rose as Trump signaled chip tariffs exemptions forcompanies building in the United
The crypto market is rebounding with major altcoins Ethereum, Solana, and XRP leading the way. It comes amid reports that President Trump is set to sign an executive order on Thursday that will pave the way for cryptocurrencies to be held in 401(k)s—a popular retirement account for Americans. Ethereum has climbed 7.3% over the past
Story Highlights Bank of England cuts interest rates to 4% amid rising inflation and slowing job growth. Crypto markets could benefit as central banks shift toward looser monetary policy. All eyes on the Fed’s September meeting, with rate cut odds even shooting above 93%. The Bank of England (BOE) has cut its key interest rate
President Donald Trump is scheduled to sign an executive order on Thursday, August 7, allowing 401(k) retirement plans to include private equity, real estate, and cryptocurrencies, among other similar assets. The order will instruct the U.S. Department of Labor to review and possibly revise the existing guidelines on the inclusion of alternative investments in retirement
Bili Capital is quietly placing its trust in some of the world’s biggest fund managers. According to Bloomberg, the investment firm has made over two dozen strategic investments in funds run by financial giants like BlackRock and Ares Management. While the move wasn’t announced with fanfare, it signals a clear change in direction. Instead of
Leading stablecoin issuer Tether has acquired a minority stake in Spanish crypto exchange Bit2Me, leading a €30 million (about $35 million) investment round to support the exchange’s growth in Europe and Latin America. Bit2Me said it recently became the first Spanish-speaking fintech to be authorized by Spain’s securities regulator under the EU’s new MiCA framework.
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$116,701.51 rose to the highest this month, touching $116,430 and establishing itself more firmly above the $115,000 level on renewed demand for risk assets as the implications from Friday’s weaker-than-expected jobs market data sink in. The Federal Reserve is now widely expected to cut rates
The Fed continues to keep interest rates steady despite US President Donald Trump’s persistent demands for interest rate cuts. Expectations for the first interest rate cut of 2025 intensified in September, with Fed Chair Jerome Powell citing economic uncertainty stemming from tariffs as the reason. At this point, while some FED members also support a
Insiders say China plans to launch renminbi-backed stablecoins in an effort to combat the U.S. dollar. However, the launch is held back by capital outflow concerns. Summary China has reportedly begun testing renminbi-backed stablecoins. Stablecoin plans have been hindered by growing concerns over the nation’s financial control and fears of potential misuse. In a recent