Fed Chairman Jerome Powell began his highly anticipated speech in Jackson Hole, Wyoming. Powell offered a lukewarm signal about interest rate cuts, while highlighting the high level of uncertainty that makes the job of monetary policymakers difficult. Highlights of Powell’s speech at the Jackson Hole symposium are as follows: “When I took this podium a
U.S. stocks opened higher as a cautious market awaited Federal Reserve chair Jerome Powell’s speech at Jackson Hole. Summary Dow Jones Industrial Average rose slightly ahead of Federal Reserve chair Jerome Powell’s speech. Powell will speak at the Jackson Hole symposium at 10:00 am on Friday. UBS has lifted its forecast for the S&P 500,
Family offices in Asia are raising crypto allocations with plans to invest up to 5% of portfolios. Institutional trading in Hong Kong and South Korea is rising as new ETFs and custody services gain traction. Developer activity in Asia is growing fast as more investors explore advanced crypto strategies and tools. Family offices across Asia
Haycen, a company focused on trade financing, secured a stablecoin issuance license from the Bermuda Monetary Authority (BMA), the company said Friday. The Digital Asset Business (M) license allows Haycen to issue and manage 1:1 collateralized stablecoins in multiple currencies, with provisions for yield-bearing products. The company is targeting B2B markets, regulated entities and non-bank
Donald Trump has been pushing the Federal Reserve to cut interest rates throughout his second presidential tenure. The Fed officials have been consistently opposing Trump’s pressure. However, the release of the Federal Open Market Committee minutes revealed that by July, 2 of 12 Fed governors, Michelle Bowman and Christopher Waller, spoke out in favor of
Story Highlights CFO Andrew Kang has sold approximately a total of $20,000,000 worth of $MSTR stock in August 2025. CEO Phong Le also sold 8,400 shares of Common A stock. Carl Rickertsen also dumped 26,390 shares, worth approximately $10 million shares this year. Strategy Vice President and CFO Andrew Kang has sold approximately a total
Block Earner announced on August 18 that it has raised $5.14 million in a Series A funding round led by CMCC Global’s Titan Fund, with support from King River Capital. Australia’s First Bitcoin-Backed Home Loan Australian provider of crypto-backed loans, Block Earner, announced on Aug. 18 that it had successfully closed a $5.14million (A$8 million)
Fed Chair Jerome Powell is set to speak at the Jackson Hole Economic Symposium for the last time since being appointed to the position by then-President Donald Trump in 2017. Powell will deliver a speech that will be closely followed by global central bankers at an event to be held at Jackson Lake Lodge in
Expectations regarding the Fed’s interest rate policy are once again in the spotlight. Rick Rieder, CIO of BlackRock Global Fixed Income and head of the Global Allocation team, said on Fox Business that he expects the Fed to cut interest rates in September. “My guess is that the Fed will deliver a message about maintaining
Investors who committed negligible amounts into XRP daily over the past decade would be sitting on massive gains today. One of the most attractive features of cryptocurrencies is their ability to transform modest investments into fortunes, especially from their earlier days. Notably, over the years, XRP has proven to be one of the assets capable