Shares in the livestreaming and e-commerce company GD Culture Group fell 28% on Tuesday after announcing a share deal to acquire all the assets from Pallas Capital Holding, including 7,500 Bitcoin. GD Culture will issue nearly 39.2 million shares of its common stock in exchange for all Pallas Capital’s assets, including $875.4 million worth of
Alexandra Wilson-Elizondo, co-head of multi-asset solutions at Goldman Sachs Asset Management, shared her expectations for the Fed meeting in an interview with CNBC. Wilson-Elizondo said the Fed expects a 25 basis point rate cut at its meeting tomorrow. However, he noted that Chairman Jerome Powell is likely to deliver hawkish messages at the press conference.
Key Takeaways Bitwise Asset Management has filed for a new ETF focused on stablecoins and tokenization. The ETF would invest in both traditional stocks and crypto assets, providing diversified exposure. Bitwise Asset Management filed for a new exchange-traded fund focused on stablecoins and tokenization that would invest in both stocks and crypto assets. The proposed
Key Takeaways Tesla shares increased by 2.4% following a social media post by Elon Musk. Elon Musk’s post stated ‘Daddy’s home.’ Tesla shares rose 2.4% today after Chief Executive Officer Elon Musk posted “Daddy’s home” on social media. The electric vehicle maker’s stock gained following Musk’s brief comment.
The Fed is set to announce its first interest rate cut of the year tomorrow. The decision comes amid weakening labor market data, despite tariffs putting upward pressure on inflation. The Federal Open Market Committee (FOMC) is expected to cut its benchmark interest rate by 25 basis points to a range of 4% to 4.25%.
Ureru Net Ad Group’s stock fell on Tuesday after it announced plans to create a Bitcoin-focused subsidiary. However, Japan’s Nikkei 225 briefly surpassed 45,000, breaking the previous ATH on the same day. While gains in US technology shares on the last day drove buying in domestic AI and semiconductor stocks, investors appeared cautious about the
Key Takeaways The tokenized real-world assets (RWA) market has surpassed $30 billion in value. Institutional adoption is accelerating as traditional assets move onto blockchain platforms. The tokenized real-world assets market has surpassed $30 billion, according to RWA.xyz data released today. The milestone reflects growing institutional adoption as traditional assets including Treasuries, private credit, institutional funds
Key Takeaways Spot gold reached a record high above $3,700 per ounce. Gold continues to hit successive new highs in recent trading sessions. Spot gold hit a new all-time high today, breaking above $3,700 per ounce. The precious metal reached this record level as trading continued in global markets. Gold has been climbing to successive