Bitcoin and Ethereum exchange-traded funds suffered a $439 million blow in total on Monday, wiping out much of last week’s inflows as investors repositioned around the Federal Reserve’s rate cut and braced for upcoming inflation data. Bitcoin ETFs led the exodus with $363.1 million in outflows, led by Fidelity’s FBTC shedding $276.7 million and ARK
Fnality, a fintech firm building tokenized versions of major currencies collateralized by cash held at central banks, has raised $136 million in a Series C round to expand its blockchain-based wholesale payment systems, the London-based firm said Tuesday. The investment was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with existing
YZi Labs, the family office founded by Binance co-founder Changpeng “CZ” Zhao, may open up to external investors, the Financial Times reported on Tuesday. The $10 billion investment company, which was rebranded from Binance Labs, is open to the possibility of converting into an investment fund, head of YZi Labs Ella Zhang said in an
Changpeng “CZ” Zhao’s $10 billion investment firm YZi Labs is weighing plans to open the fund to outside capital and external investors. YZi Labs manages Zhao’s personal fortune and funds from a few early Binance insiders, including co-founder Yi He. The fund accepted about $300 million in outside funding in 2022, but later returned part
The total stablecoin supply has reached a record-breaking $283.2 billion, and it’s not the only milestone. The number of monthly stablecoin senders just climbed to 25.2 million, the highest ever recorded, according to data from Token Terminal. So far in 2025, startups working on stablecoin projects have pulled in $621.81 million in funding. That’s not
Key Takeaways Jim Cramer recommends investing in individual stocks as opposed to broad market indices, highlighting Apple and Nvidia as examples of outperforming companies. Nvidia has risen nearly 37% year-to-date through September 2025, fueled by demand for its AI chips and data center technologies. Jim Cramer, the CNBC “Mad Money” host, has advocated for investing
JPMorgan CEO Jamie Dimon said the US Federal Reserve will have a hard time cutting the interest rate unless inflation drops, and isn’t worried about stablecoins posing a threat to the banking sector. “If inflation does not go away, it’s going to be hard for the Fed to cut more,” Dimon, the head of the
CleanSpark Inc. shares ticked higher Monday, extending last week’s bullish momentum after the company announced an expanded Bitcoin-backed credit facility with Coinbase Prime. The Las Vegas–based mining firm closed regular trading at $13.74 but jumped more than 8% in after-hours, reaching $14.86 following news of the deal. The stock is currently up 6% after hours,
MetaMask’s mUSD, the European Union’s digital euro initiative, and Hong Kong’s offshore yuan token AxCNH set up a three-way contest for on-chain payments. The prize is not trading volume or speculative flows, it is the share of real-world settlement that could reach $2 to $4 trillion annually if 1 to 2 percent of global cross-border
Societe Generale-FORGE (SG-FORGE), the cryptocurrency-focused subsidiary of the French bank, has chosen the European arm of crypto exchange Bullish as the first venue to list the lender’s USD CoinVertible (USDCV) stablecoin. The dollar-denominated USDCV stablecoin, which SG Forge introduced on Ethereum and Solana back in June of this year, will list on Bullish Europe, the