Tesla has received regulatory clearance to convert its investment in Elon Musk’s artificial intelligence firm xAI into a small stake in SpaceX, formalizing financial ties between the billionaire’s companies ahead of the rocket maker’s planned initial public offering, according to a Bloomberg report. Filings with the US Federal Trade Commission list Tesla as the acquirer
Venezuela is becoming a key hub for illegal gold coming from the Amazon region. A new report from the Global Initiative Against Transnational Organized Crime. That says many of these gold deals are now being settled with Tether instead of traditional money. The report says this trade generated about $2.2 billion in revenue in 2025.
Legendary investor Stanley Druckenmiller predicted that crypto could eventually supplant the U.S. dollar as the global reserve currency. Druckenmiller is doubtful about the greenback’s ability to maintain its much-coveted status 50 years from now. “I doubt the US dollar will be the reserve currency in 50 years, but I don’t have a clue what would
Metaplanet announced an expanded shareholder benefits program with a four-tier loyalty structure — Silver, Gold, Diamond, and Nakamoto — determined by both the number of shares an investor holds and how long they hold them. The top Nakamoto tier, named after Bitcoin’s pseudonymous creator, is reserved for shareholders who hold more than 50,001 shares for
The ongoing war between the US and Iran, events in the Middle East, and the rapid rise in oil prices have all begun to fuel fears about inflation and the Federal Reserve. At this point, with discussions suggesting a possible delay in Fed interest rate cuts, or even a decision to raise rates, economists’ expectations
Story Highlights Singapore fintech MetaComp raised $35 million in funding led by Alibaba and Spark Venture investors. The funding will expand MetaComp’s Web2.5 platform combining fiat payments, stablecoins and tokenized wealth services. StableX Network expansion targets Asia, Middle East, Africa and Latin America for faster cross-border settlements. Singapore-based fintech company MetaComp has secured $35 million
Kraken Financial, the Wyoming-based bank of the cryptocurrency exchange Kraken, has made history by receiving approval from the FED for a “skinny” (restricted) master account. Experts describe the outcome of this 5.5-year battle as a “historic turning point” for the crypto industry. In a special episode of the Unchained podcast’s “DEX in the City” team,
Five of the largest private credit fund managers have capped or gated investor withdrawals since late February. The results is a liquidity squeeze that could force trapped investors to dump liquid assets, including Bitcoin ($BTC) and Ethereum ($ETH). The timing compounds the pressure. The Federal Open Market Committee (FOMC) meets March 17-18, and $BTC fell
Hong Kong is preparing to issue its first stablecoin licences. HSBC, Anchorpoint — a joint venture led by Standard Chartered — and OSL Group are among the three shortlisted recipients, according to local media reports. The approvals would mark Hong Kong’s first concrete step in licensing stablecoin issuers under its Stablecoin Ordinance, which took effect
Crypto markets held their ground on Thursday while U.S. stocks dropped and oil rallied. Bitcoin ($BTC) is trading at around $70,200, unchanged over the past 24 hours. Meanwhile, $ETH is also flat at $2,070, and SOL is down 1% to $86. $BTC Chart The overall crypto market capitalization slipped 0.2% to $2.48 trillion, according to