Snail, Inc., the publicly traded U.S. subsidiary of one of the first online video game developers in China, said it plans to raise funds to explore digital assets, including the launch of its own USD-pegged stablecoin. In a press release published on Thursday, Snail said it has entered an agreement with investment bank H.C. Wainwright
The U.S. debt continues to grow steadily, reaching $37 trillion. The White House’s attempts to cut spending and boost revenue through tariffs have yet to slow the pace of this growth. Cryptocurrency advocates suggest that digital assets could play a role in tackling the national debt problem. But what are the chances the U.S. can
Billionaire investor and Bridgewater Associates founder Ray Dalio has cautioned that real estate may not be an effective investment in 2025, warning the sector could struggle to deliver strong returns. According to Dalio, the current economic climate makes property ownership less attractive compared to other investment options. In an X post on August 11, he
A groundbreaking development has just hit the financial world, particularly for those eyeing the burgeoning digital economy. U.S. asset managers Rex Shares and Tuttle Capital Management have officially launched the T-REX 2X Long CRCL Daily Target ETF, trading under the ticker CBOE: CCUP. This new fund offers a unique opportunity for investors seeking amplified exposure
Stocks saw an upbeat opening on Monday, with markets showing further resilience amid a fresh forecast for the S&P 500 by strategists at Citigroup. Summary Stocks were mixed on Monday, with major indices hovering near the flatline as investors targeted more gains. Citigroup Inc. strategists have raised the 2025 target for the S&P 500 to
Tether’s XAUT overtook PAXG in market cap, becoming the biggest tokenized gold asset. Summary Tether mints $436.94 million worth of XAUT tokens XAUT overtakes PAXG in market cap, becoming largest tokenized gold asset This mint raised tokenized gold’s market cap by 20% Tokenization is making an impact on how investors are buying gold. On Monday,
Western Union has struck a $500 million deal to buy Intermex, a user of Ripple’s On-Demand Liquidity (ODL) service. The move gives Western Union direct access to Ripple’s technology through Intermex, while also expanding its retail footprint across North America and strengthening its position in fast-growing remittance corridors. Western Union to Acquire Intermex Under the
The crypto exchange-traded funds (ETFs) market continues to smash records, with unprecedented demand recorded in the past couple of months. Futures-based Solana (SOL) and XRP ETFs, for instance, have seen over $1 billion in total inflows since their debut in March and April, respectively, as suggested by recent data provided by FactSet. The milestone comes
South Korean retail investors are pivoting away from Big Tech stocks in the United States into high-risk, high-reward crypto-linked equities. A Yonhap News Agency report citing data from the Korean Center for International Finance (KCIF) said the percentage of crypto-linked stocks in the top 50 net-bought stocks by South Korean investors rose from 8.5% in