SoFi Technologies (NASDAQ: SOFI) raised its full-year profit forecast on Tuesday after reporting record third-quarter results that beat Wall Street expectations, driven by fee revenue and more user growth across its financial products. CEO Anthony Noto said the company remains on track to launch crypto trading by the end of the year, with plans to
The People’s Bank of China has officially established the Digital RMB Operation and Management Center as the nation prepares its digital currency for widespread adoption. Summary China’s central bank will establish a Digital RMB International Operations Center in Beijing, focusing on building cross-border and blockchain infrastructure for the digital yuan, complementing the existing Operations Management
The traditional wealth management and private banking world, much of which is hard-bitten and twice shy when it comes to cryptocurrency investing, is under mounting pressure again to deliver digital assets to wealthy clients, particularly in crypto hotspots like Dubai, Switzerland and Singapore. Swiss software firm Avaloq, which serves many private banks and wealth managers,
US President Donald Trump and Chinese President Xi Jinping are expected to meet on Thursday to discuss reducing some tariffs on chemicals used in the production of fentanyl in exchange for China tightening export controls. According to sources close to the matter, the two countries are working on a trade agreement within this framework. China
Major study finds 61% of retail investors in Hong Kong and the Chinese Mainland plan to increase allocations to tokenized funds. A joint study by Aptos Labs and Boston Consulting Group (BCG), published October 28, 2025 in Hong Kong, finds 61% of retail fund investors in Hong Kong and the Chinese Mainland plan to double
Crypto finance platform Matrixport announced in its latest market assessment that investors are currently cautious in the short term, but there has been no significant change in the medium-term market outlook. Matrixport: “Wait-and-See Period in the Short Term, Market Structure Unchanged in the Medium Term” In its report, Matrixport noted that Bitcoin continues to trend
Shares of TeraWulf (WULF) jumped 22% on Tuesday after the bitcoin mining firm unveiled a new $9.5 billion artificial intelligence (AI) infrastructure joint venture with cloud platform Fluidstack, deepening its push into high-performance computing (HPC). The 25-year lease agreement, representing about $9.5 billion in contracted revenue, will see the two firms build out 168 megawatts
Larry Fink, CEO of BlackRock, the world’s largest asset management company, made a remarkable assessment of global monetary policies. BlackRock CEO: “If Countries Continue to Devalue Their Currencies, Crypto Assets Will Be the Preferred Market” “If people believe that countries will continue to devalue their currencies, they will choose crypto assets,” Fink said. Fink’s statement
Mike Novogratz’s Galaxy Digital (GLXY) is selling $1.15 billion in exchangeable notes in a private deal, upsizing from last night’s originally offered $1 billion. Estimated net proceeds of $1.127 billion (or $1.274 billion if the full $150 million greenshoe option is exercised), said the company. The notes, carrying an annual interest rate of 0.50% and
With months remaining until Fed Chair Jerome Powell’s term expires in May 2026, speculation about his potential successor has intensified. According to the latest data from the forecast platform Polymarket, former Council of Economic Advisers Chairman Kevin Hassett stands out as the most powerful name Donald Trump could appoint as the new Fed chair. According