Two of the biggest crypto-linked stocks set records on Wednesday, with Coinbase hitting a an all-time high price and both Coinbase and Strategy setting new highs for closing market cap. The stock milestones came amid a surge in crypto prices, with Bitcoin setting multiple all-time highs in recent days, while other major coins like Ethereum
Publicly traded consumer products firm Upexi made a strategic decision to create a digital assets treasury in April, raising $100 million to buy Solana, promptly sending its share price skyrocketing. Now months later, the firm is raising another $200 million in part to acquire more SOL, the native token of the layer-1 network its Chief
Bank of America (BoA) does not expect a recession in the US economy this year and predicts that economic growth will continue at around 1.5% until the end of the year. In a conference call with analysts, Bank CEO Brian Moynihan highlighted the improvement in the market environment in the last quarter, stating that this
Talos, a provider of institutional trading technology, is buying data company Coin Metrics as it looks to widen its services for institutional investors, according to a company press release on Wednesday. The deal adds to a growing list of deals in the crypto M&A space this year. A Talos spokesperson would not confirm the size
In its Beige Book report, compiled by the Boston Fed and released minutes ago, the Fed said the U.S. economy grew slightly from late May to early July. However, the overall economic outlook was assessed as neutral to slightly pessimistic. In the report, only two of the Fed’s 12 districts indicated that they expect an
Snail Games (SNAL), a publicly-traded video game studio, said on Tuesday that it is mulling the development of its own U.S. dollar stablecoin. The company is evaluating the technical, legal, and financial hurdles to issuing a proprietary stablecoin, according to a press release. To support the effort, Snail retained George Cao, founder of the crypto
Bank of America (BofA) is preparing to enter the stablecoin market, CEO Brian Moynihan said Wednesday, adding that the bank has already laid the groundwork and expects to act when the time is right. “We feel both the industry and ourselves will have responses,” Moynihan said during the lender’s second quarter investor call. “We’ve done
Crypto asset manager Bitwise said it is improving transparency for its spot bitcoin BTC$119,111.73 and ether (ETH) exchange-traded funds, rolling out third-party proof-of-reserves verifications through U.S. accounting company The Network Firm. The process, which is already live, replaces Bitwise’s prior practice of publicly listing nearly 90 wallet addresses on its websites. Instead, The Network Firm
The U.K. government on Tuesday said it intends to enable the wholesale market to identify the best distributed ledger technology (DLT) use cases as well as roll out tokenization solutions. The country wants DLT – the blockchain technology that underpins crypto – to be utilized across different sectors in wholesale financial markets and create cross
The governor of the Bank of England, Andrew Bailey, wrote a letter to the G20 yesterday stating that the Financial Stability Board (FSB) — the forum’s financial overseer, which Bailey was appointed to head in April — is assessing the role of stablecoins in payments and settlements as a top priority. To the point: an