Morgan Stanley and Deutsche Bank both predicted the Fed would cut interest rates at its remaining three meetings this year. In separate reports, the two institutions said they expect 25 basis point cuts at the September, October, and December meetings. Both institutions had previously projected only one rate cut in September and December. This week’s
Spot Bitcoin and Ether ETFs are seeing renewed inflows as institutional appetite for crypto exposure continues to build. On Friday, spot Bitcoin (BTC) ETFs recorded $642.35 million in net inflows, marking the fifth straight day of gains, according to data from SoSoValue. This pushed cumulative net inflows to $56.83 billion, with total net assets now
Allied Gaming is making its move as institutional crypto adoption accelerates. The company invested in Bitcoin and Ethereum, citing a shifting regulatory environment as a key factor enabling its new digital asset strategy. Summary Nasdaq-listed Allied Gaming added BTC and ETH to its treasury for the first time. Shares jumped over 100% following the crypto
The Russian market for crypto investment products is likely to amount to a couple of trillion rubles next year, predicted a prominent member of Russia’s crypto space. The forecast comes after Moscow took a series of steps in the past months to organize and regulate this segment of its digital economy, still strictly reserved for
Rick Rieder, a senior executive at BlackRock Inc., has emerged as a likely candidate to take over the position after Fed Chair Jerome Powell’s term expires in May. Treasury Secretary Scott Bessent held a two-hour meeting with Rieder in New York yesterday, according to an official familiar with the matter. The meeting focused on monetary
The world of decentralized finance is buzzing with exciting news: prediction market leader Polymarket is making headlines with a monumental new funding round. This development signals a significant leap forward for the platform, which is now reportedly valued at an astounding three times its previous assessment. This substantial Polymarket funding is set to reshape the
The big upside action in major cryptos of late has been in altcoins such as solana SOL$240.86 and dogecoin DOGE$0.2717, with SOL sporting a 17% gain over the past seven days and DOGE a 25% advance. Among the bullish arguments are coming ETFs and newly-formed crypto treasury companies focusing on those two tokens. Mostly forgotten
Gemini debuted on the Nasdaq at a roughly $4.4 billion valuation on Friday, as the crypto exchange’s shares immediately jumped above their initial offering price. The Winklevoss twins-founded firm’s stock opened at $37.01 apiece, a 32% increase compared to its upped IPO price of $28, according to Yahoo Finance. That initially gave Gemini a $3.32
Shares of Gemini (GEMI) opened at $41 a share on the Nasdaq Global Select Market on Friday, rising 45% from last night’s IPO price. The crypto exchange, which is run by Tyler and Cameron Winklevoss, priced its IPO at $28 a share, valuing the company at around $3.3 billion. It had sold 15.2 million shares,