Fed Board Member Chris Waller has proposed a new type of account that would provide direct access to the Fed’s payment system. This model, called the “limited-access master account,” or “skinny master account” for short, will give all legally compliant institutions, including fintech companies, stablecoin issuers, and payment institutions, direct access to the Fed’s payment
Bitcoin and Ethereum rose on Tuesday as gold’s price headed toward its biggest daily drop in over a decade, indicating renewed appetite for risk-taking among investors. Bitcoin was recently trading around $112,000, a 1% increase over the past day, according to CoinGecko. The largest crypto by market capitalization climbed as high as $114,000 earlier in
GLXY’s stock price popped 10% and hit a record high after the company published strong earnings, and optimism around its artificial intelligence business grew. Summary GLXY stock jumped to a record high after publishing strong earnings. Its markets income and assets under management soared. Technical analysis suggests that the Galaxy stock price has more upside.
The Dow Jones Industrial Average rose 190 points as U.S. stocks looked set to inch higher amid robust earnings reports from Coca-Cola and GM. Summary Stocks were largely subdued despite GM, Coca-Cola continuing wave of positive earnings reports. Dow Jones gained 190 points but both S&P 500 and Nasdaq Composite were little changed. Wall Street
Nvidia (NASDAQ: NVDA) is somewhat struggling to maintain a firm footing on Tuesday, October 21. Namely, the chipmaker’s market share in China plummeted to zero last week, as Beijing and Washington squeezed the company from both sides amid the ongoing tariff wars. “We’re 100% out of China. From 95% market share to 0%. Whatever policy
US President Donald Trump announced that he will meet with Chinese President Xi Jinping in South Korea in two weeks. Trump stated that many issues would be discussed during the meeting, saying, “China wants to negotiate with us. We will make a great trade deal.” Trump, in a statement following China’s recent expansion of export
Ethereum treasury firm SharpLink Gaming announced Tuesday that it added nearly $79 million in ETH to its holdings in its first crypto buy in over a month. The Minneapolis, Minnesota-based firm now has 859,853 ETH, now worth over $3.5 billion, after it bought 19,271 ETH at a cost average of $3,892 per coin last week.
Galaxy Digital shares jumped on Tuesday after the institutional crypto firm reported $505 million in third-quarter profits amid an increasing amount of assets on its platform. The New York-based firm, which debuted GalaxyOne this month, is positioning itself as a competitor to retail-focused platforms like Robinhood and Coinbase, and it said that its platform reached
BitcoinOS (BOS) has raised $10 million to expand its institutional Bitcoin finance tools and developer protocols. The round was led by Greenfield Capital, with participation from FalconX, DNA Fund, Bitcoin Frontier Fund and a group of angel investors including Anchorage Digital CEO Nathan McCauley and Spartan Group’s Leeor Groen, BOS announced via email on Tuesday.