The World Gold Council may develop a digital form of gold to overhaul London’s $900 billion physical market for the yellow metal, the Financial Times (FT) reported on Wednesday. Each unit of digital gold, or “pooled gold interests” (PGIs), would allow investors to buy a form of fractional ownership in gold bullion. The product will
American Bitcoin (ABTC), a newly public bitcoin mining and treasury firm backed by Donald Trump Jr. and Eric Trump, opened for trade Wednesday morning after completing its merger with Gryphon Digital Mining (GRYP). Wasting little time, the company filed for an at-the-market equity raise of up to $2.1 billion with which to continue building its
AlphaTON Capital, a Nasdaq-listed company newly rebranded from Portage Biotch (PRTG), said it will purchase about $100 million worth of toncoin TON$3.1824 to build a digital asset treasury firm offering exposure to the token. The firm will operate under the ticker “ATON” starting Sept. 4. It plans on managing TON network infrastructure and incubating applications
Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, has integrated tokenized stocks and exchange-traded funds (ETFs) into its platform. After initially disclosing the plan to introduce real-world assets (RWAs) in June, Trust Wallet has launched tokenized versions of US stocks and ETFs for use around the globe, the company said
Solowin Holdings (SWIN), a publicly-traded investment holding firm, has announced it completed a $350 million acquisition of stablecoin infrastructure provider AlloyX, integrating its talent and technology as it aims to bolster its expansion into emerging markets. The Hong Kong-based financial firm said in a press release that the deal integrates AlloyX’s infrastructure, including a stablecoin
As is known, US President Donald Trump recently announced that he dismissed FED member Lisa Cook for making false statements in mortgage agreements. Lisa Cook filed a lawsuit today challenging President Donald Trump’s decision to remove her from office. Cook argued that the White House lacked the authority to do so and insisted she wanted
Crypto infrastructure provider Utila raised $22 million in its latest fundraising round nearly tripling its valuation in the last six six months, the firm told CoinDesk. The round was led by Red Dot Capital Partners with Nyca, Wing VC, DCG and Cerca Partners among investors also participating, extending the March Series A funding round to
Bitcoin evangelist Pierre Rochard has argued that Strategy co-founder Michael Saylor is currently outperforming Federal Reserve Chair Jerome Powell. Rochard believes that the Fed needs to own the largest cryptocurrency. “Full reserve banking” The Fed runs a fractional reserve system that allows banks to keep only a small portion of deposits while lending out the
A groundbreaking shift is underway in the world of digital finance, promising to reshape how we perceive and interact with traditional investments. Cryptocurrency financial services powerhouse, Galaxy Digital, has embarked on an exciting new venture, beginning the issuance of its Solana-based tokenized company shares, known as GLXY. This innovative step allows shareholders to tokenize their
Senator Elizabeth Warren has continued her ongoing criticism of Donald Trump, expressing her disdain over the family’s crypto activities. Summary Elizabeth Warren calls Trump’s WLFI venture “corruption” in response to his family’s crypto fortune of $5 billion. WLFI’s price has continued to fluctuate, with the market cap currently at $5.61 billion. Warren recently criticized the