Real-world asset (RWA) tokenization platform OpenEden partnered with The Bank of New York Mellon Corporation (BNY Mellon) to manage and custody the underlying assets of its flagship tokenized US Treasury product, TBILL. OpenEden announced the partnership Wednesday, bringing one of Wall Street’s largest and oldest custodians into the growing market for tokenized Treasurys. OpenEden said
Circle Internet Group (NYSE: CRCL) reported robust growth in the second quarter of fiscal 2025 but slid to a large net loss as one-time IPO-related non-cash charges weighed on the period. Circle said USDC in circulation jumped 90% year-over-year to $61.3 billion at the end of the quarter and rose further to $65.2 billion as
Crypto venture capital investment fell sharply to $1.97 billion in Q2 2025, a 59% quarterly decline, according to Galaxy Digital Research. The firmwide research head Alex Thorn noted the drop partly reflects an abnormal $2 billion investment in Binance during Q1 by UAE’s MGX fund; excluding that deal, the decline would have been 29%. Galaxy’s
Kazakhstan, one of the world’s largest bitcoin mining countries, has become the location of central Asia’s first spot bitcoin BTC$120,043.54 exchange-traded fund (ETF). Astana-based Fonte Capital said the Fonte Bitcoin Exchange Traded Fund OEIC (BETF) will start trading Aug. 13 on the Astana International Exchange (AIX). The ETF will be priced in dollars. Kazakhstan shot
Altcoins added to their rally during late Tuesday U.S. afternoon hours after Treasury Secretary Scott Bessent suggested the Federal Reserve should consider a 50 basis point rate cut at its upcoming September meeting. “The real thing now to think about is should we get a 50 basis-point rate cut in September,” Bessent told Fox News.
Circle (CRCL), the stablecoin issuer firm behind the USDC token, announced on Tuesday a secondary stock sale of 10 million shares. The company is offering 2 million of Class A common stock for sale, while selling stockholders are unloading another 8 million, according to an S-1 filing with the U.S. Securities and Exchange Commission (SEC).
Tech billionaire Peter Thiel is backing yet another Ethereum treasury company—and the company’s stock has tripled in price on the development. According to a recent SEC filing, Thiel and related entities he manages purchased a 7.5% stake in 180 Life Sciences, a biotech company once focused on researching inflammatory diseases that recently pivoted to stockpiling