US Treasury Secretary Scott Bessent reportedly explained in detail to President Donald Trump in private conversations that he should not dismiss Fed Chair Jerome Powell. According to sources familiar with the matter, Bessent clearly explained to Trump the risks such a step could pose to the economy, markets and politics as Powell enters the final
Gemini co-founder Tyler Winklevoss has taken to the X social media platform to accuse banking giant JPMorgan of trying to “kill” cryptocurrency companies. This comes after Bloomberg reported earlier this week that America’s largest bank would start requiring fintech companies to pay fees in order to be able to gain access to the account information
Tether USDT, the world’s most liquid stablecoin, has established itself as a powerhouse in the crypto arena. Recent data analytics indicate that USDT commands 73% of stablecoin activities. Data shared on X underscores USDT’s deep integration into the daily flow of digital currency transactions worldwide. Stablecoins like USDT are digital tokens pegged to traditional currencies—most
Billionaire Ray Dalio’s hedge fund is shedding exposure to the S&P 500 and hedging against the US dollar – while managing to stay on offense. The latest 13F filings show Dalio’s Bridgewater Associates has lowered its stake in the SPDR S&P 500 ETF, a benchmark fund that tracks the performance of the S&P 500. That
Charles Schwab Corp. shares rose after second-quarter earnings beat expectations. The company delivered a strong performance, fueled by a new record high in client assets and a surge in trading revenue. Schwab reported adjusted earnings of $1.14 per share, while total client assets rose 14% year-over-year to $10.76 trillion. Revenue from client transactions rose 23%
The stablecoin economy expanded by $3.533 billion over the past week, pushing its total valuation past the $260 billion mark for the first time in history. DeFi and Payments Fuel Stablecoin Growth to Unprecedented $260 Billion As of July 19, 2025, data from defillama.com places the stablecoin market’s valuation at $260.571 billion. The sector expanded
India’s wealthiest investors are making a significant move into crypto, with top exchanges like CoinDCX and Mudrex reporting a sharp increase in trading volumes from high-net-worth individuals (HNIs) and family offices. This transition follows the latest rally in Bitcoin and Ethereum, with leading Indian exchanges reporting a significant uptick in HNI activity. The ongoing U.S.
Economist Henrik Zeberg has cautioned that Strategy (NASDAQ: MSTR), formerly known as MicroStrategy stock, might implode due to its exposure to Bitcoin (BTC). According to Zeberg, the stock could soon present “the greatest shorting opportunity,” he said in an X post on July 18. Meanwhile, MSTR stock is showing weakness in the short term, having