U.S. stocks opened mostly flat on Thursday as investors balanced upbeat sentiment with caution around tariffs. The Dow Jones Industrial Average gained 140 points, while the S&P 500 remained flat as Wall Street assessed a series of earnings reports from major banks and tech giants. The Nasdaq Composite was also little changed, up 0.12% with
Around half of Russian citizens have no interest in trying the digital ruble, according to a survey which also found that some 40% see no advantages in the latest incarnation of the national fiat. The results were published after lawmakers in Moscow approved a new timetable for the introduction of the state-issued coin. It should
The world of cryptocurrency trading is often described as a wild west, full of immense opportunities and equally immense risks. This sentiment has been starkly highlighted by recent revelations surrounding Abraxas Capital, a firm now reportedly grappling with a colossal financial setback. On-chain analytics platform Onchain Lens, a prominent voice in the crypto community, recently
Dubai has increased the number of investors into its real estate sector through its new tokenization initiative. According to Dr. Mahmoud AlBurai, Senior Director of Real Estate Policies and Innovation at Dubai Land Department, 68% of the 1,025 investors who participated in funding the five tokenized properties were first-time real estate buyers. This number reflects
London-based crypto market maker B2C2 is seeking external capital of up to $200 million to allow existing majority owner SBI Holdings to reduce its 90% stake. People familiar with the fundraising effort say the capital will be used to diversify the ownership structure and fund business growth. SBI Financial Services, owned by Tokyo-based SBI Holdings,
The dynamic world of cryptocurrency never stands still, and recent developments from South Korea’s prominent venture capital firm, Hashed, are once again stirring the pot. Known for its significant investments and foresight in the digital asset space, Hashed has made a strategic move by filing multiple crypto trademarks related to stablecoins. This isn’t just a
Massachusetts Senator Elizabeth Warren has suggested that the cryptocurrency sector could potentially destroy the U.S. economy if there are no proper guardrails in place. Warren has hashly criticized major crypto legislative efforts, claiming that she does not want to see the government signing off on “very weak regulation” specifically written bycrypto industry lobbyists. “They also
Trump Media and Technology Group is moving ahead with plans to integrate artificial intelligence on the Truth Social platform, having filed two related trademarks. A press release issued by the company on Wednesday confirmed applications for “Truth Social AI” and “Truth Social AI Search,” signalling the group’s intent to develop AI-based features for its platform.
Are you ready for a seismic shift in how the world handles money? The financial landscape is on the cusp of a revolutionary transformation, and leading the charge is none other than Wall Street giant Goldman Sachs. Their CEO recently underscored the immense opportunities presented by tokenization, particularly within the crucial realm of financing. This
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. M&A hasn’t slowed as Congress mulls crypto legislation and efforts to get more real-world assets onchain continue. I chatted with Ondo Finance CEO Nathan Allman last month about the RWA space ahead of the company’s tokenization platform launch slated for this