Nasdaq-listed medical device technology firm BioSig Technologies and real-world asset tokenization company Streamex are looking to raise up to $1.1 billion in financing to launch a gold-backed treasury management strategy powered by Solana. BioSig and Streamex said in a press release on July 8 that the companies have entered into a definitive agreement that will
Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table. The amount in overnight Treasury-collateralized repos and Treasury-heavy money market funds would put the group between Norway’s $195.9 billion and Saudi Arabia’s $133.8 billion. Tether’s USDT tops the cohort.
Even before President Trump took office, preference for stablecoins instead of a central bank digital currency (CBDC) had been strongly signaled by the current U.S. Commerce Secretary Howard Lutnick. In the last month, both Treasury Secretary Scott Bessent and the Fed Chair Jerome Powell framed stablecoins as a de facto asset to maintain USD as
Tokenized gold trading volume has surpassed $19 billion so far this year, outpacing many popular gold ETFs. Tokenized assets are gradually proving to be a viable alternative to traditional investment instruments. According to a July 8 report by CEX.io, tokenized gold is gaining traction compared to gold ETFs. The asset class has attracted $19 billion
Tether Holdings SA, the issuer of the world’s largest stablecoin USDT, is stockpiling around 80 tons of gold (worth $8 billion) in a secret vault in Switzerland. According to the information provided by the company’s CEO, Paolo Ardoino, this vault belongs entirely to Tether and is described as “the most secure vault in the world.”
US President Donald Trump made important statements regarding economic and foreign trade policies in a broadcast he attended. Trump announced plans to unveil new tariffs on the pharmaceutical and semiconductor industries, and he also slammed Fed Chair Jerome Powell, calling for his resignation. Trump stated that he would announce a new policy for the pharmaceutical
Jerome Powell, the Federal Reserve Chair, faces a fierce barrage from a coalition of high-profile figures threatening his tenure, which extends to May 2026. Over the past two weeks, President Donald Trump, Federal Housing Finance Agency (FHFA) Director Bill Pulte, White House Press Secretary Karoline Leavitt, congressional allies and Treasury Secretary Scott Bessent have all
The cryptocurrency world is no stranger to volatility, but a recent incident in South Korea has brought the emotional and financial stakes into stark relief. The news of a South Korean man attacking Delio CEO James Jung over significant crypto losses has sent ripples through the community, serving as a powerful reminder of the intense