Even before President Trump took office, preference for stablecoins instead of a central bank digital currency (CBDC) had been strongly signaled by the current U.S. Commerce Secretary Howard Lutnick. In the last month, both Treasury Secretary Scott Bessent and the Fed Chair Jerome Powell framed stablecoins as a de facto asset to maintain USD as
Tokenized gold trading volume has surpassed $19 billion so far this year, outpacing many popular gold ETFs. Tokenized assets are gradually proving to be a viable alternative to traditional investment instruments. According to a July 8 report by CEX.io, tokenized gold is gaining traction compared to gold ETFs. The asset class has attracted $19 billion
Tether Holdings SA, the issuer of the world’s largest stablecoin USDT, is stockpiling around 80 tons of gold (worth $8 billion) in a secret vault in Switzerland. According to the information provided by the company’s CEO, Paolo Ardoino, this vault belongs entirely to Tether and is described as “the most secure vault in the world.”
US President Donald Trump made important statements regarding economic and foreign trade policies in a broadcast he attended. Trump announced plans to unveil new tariffs on the pharmaceutical and semiconductor industries, and he also slammed Fed Chair Jerome Powell, calling for his resignation. Trump stated that he would announce a new policy for the pharmaceutical
Jerome Powell, the Federal Reserve Chair, faces a fierce barrage from a coalition of high-profile figures threatening his tenure, which extends to May 2026. Over the past two weeks, President Donald Trump, Federal Housing Finance Agency (FHFA) Director Bill Pulte, White House Press Secretary Karoline Leavitt, congressional allies and Treasury Secretary Scott Bessent have all
The cryptocurrency world is no stranger to volatility, but a recent incident in South Korea has brought the emotional and financial stakes into stark relief. The news of a South Korean man attacking Delio CEO James Jung over significant crypto losses has sent ripples through the community, serving as a powerful reminder of the intense
Imagine a future where your national currency is entirely digital, issued and backed by your central bank, offering instant transactions and enhanced security. This isn’t science fiction; it’s the evolving reality, and the Bank of Korea CBDC initiative is taking significant strides towards making it a cornerstone of South Korea’s financial future. The recent news
After bleeding billions from its flagship funds, Cathie Wood’s ARK Investment Management is reportedly taking a defensive turn. It is entering into the booming “buffer ETF” arena with a fresh lineup of loss-limiting products. The firm filed proposals last week for four new exchange-traded funds, the ARK Q1, Q2, Q3, and Q4 Defined Innovation ETFs.
A trader who famously bet Do Kwon $20 million that his Terra/LUNA scheme would collapse is at the center of a new round of fiery allegations of insider trading. According to screenshots allegedly belonging to GCR, whose usernames include GiganticRebirth on X, they might have acquired early access to crypto picks before Teeka Tiwari’s Palm
The cryptocurrency OTC platform BridgePort recently completed a 3.2 million seed round financing led by Further Ventures along with several other venture capital firms. According to the official press release, the over-the-counter crypto platform plans to use the funds generated from the seed round financing to develop and expand its team to accommodate the rise