Russia’s foreign trade settlements with cryptocurrency approached $12 billion in the first half of the year, according to the Kremlin’s business advisor. The Russian president’s representative is convinced that cryptocurrencies are catching up with gold in terms of stability and are no longer a niche phenomenon. Kremlin official compares cryptocurrency to gold Cryptocurrencies like Bitcoin
Grayscale revealed in an index that altcoins provided the best returns in the third quarter of 2025. Bitcoin’s underperformance became the quarter’s most defining characteristic, while BNB Chain, Prometheus, and Avalanche led the ranking for top risk-adjusted performers. The index was generally dominated by tokens used for financial applications and smart contract platforms. Thematic narratives
Priya Misra, fixed income securities portfolio manager at JPMorgan Asset Management, commented on the US economy, interest rate outlook, and bond markets on the Squawk Box program on CNBC. Misra stated that current interest rates remain restrictive, saying, “I think the Fed will continue to gradually cut interest rates. There are differing opinions on where
FED member Michelle Bowman said in her assessments of monetary policy that the neutral interest rate is higher than before the pandemic. Bowman argued that the Fed’s inflation is within its target range, but that risks to the labor market outweigh the risks. Bowman stated that he favors a gradual approach to interest rate adjustments,
Tech-focused investment companies SoftBank and Ark Invest are among the firms in early stage talks to invest in Tether, issuer of the world’s largest stablecoin USDT (USDT), Bloomberg reported on Friday. The report follows this week’s news about Tether looking to raise up to $20 billion in a fundraising round that would value the firm
According to Bloomberg, SoftBank and ARK are in talks to participate in Tether’s major funding round. Tether, the world’s largest stablecoin issuer, aims to raise up to $20 billion at a $500 billion valuation. If successful, the deal could make Tether one of the world’s most valuable private companies, in the same league as companies
The potential for a government shutdown in the US puts critical economic data at risk. According to the US Department of Labor’s previously released operational contingency plan, the September jobs report, scheduled for release next week, would be postponed if the federal government shuts down. The extent of the government shutdown remains unclear. Many agencies,
South Korean YoungHoon Kim, who describes himself as the person with the highest IQ in the world with 276, made an intriguing prediction in the cryptocurrency world. Kim predicted that Bitcoin would increase in value at least 100 times over the next 10 years and become a universal reserve asset. He also claimed that his
China central bank recently took the bold step of pumping ¥1.627 trillion into the financial system this week. This is a serious move meant to shore up liquidity and keep things steady in the markets. The People’s Bank of China is also rolling out monetary tools to maintain stability and keep business running smoothly. This