A new crypto platform headed by China has emerged in the spotlight after hitting $55 billion in cross-border transactions. The value was reportedly attained from over 4,000 transactions from central banks in Asian countries such as China, Saudi Arabia, and Thailand. A new Chinese-led crypto platform has seen a significant surge in transaction volume to
Bitcoin mining hardware maker Canaan has until July to raise its share price and escape delisting, Nasdaq told the firm earlier this week. The company now has until July to raise its share price above $1 for at least 10 consecutive days to escape being delisted, it said in a press release Friday. If the
The US Supreme Court announced its next hearing will be on Tuesday, amid a critical decision expected regarding the tariffs signed by President Donald Trump. Whether the decision, which is being closely watched in global markets, will be announced in this session remains uncertain. As is customary, the court did not announce in advance which
US-based mortgage provider Newrez has announced it will consider cryptocurrencies in home loan applications. The company stated that with this move, it has become the first major lender among the top 25 mortgage institutions in the US to integrate Bitcoin and other crypto assets into its mortgage qualification process. According to Newrez, borrowers can now
PNC Bank CEO Bill Demchak hit back against the growing push from crypto firms to offer interest on stablecoins, saying the tokens are trying to serve two roles at once — something traditional finance would not be allowed to do without strict oversight. “The fight right now in D.C. is over some terminology in the
Bitcoin BTC$94,897.15 has continued a selloff begun yesterday, now having retraced a sizable chunk of this week’s early gains. In mid-morning U.S. action on Friday, BTC was trading at $94,300, down another 1.3% over the past 24 hours after having slumped a similar amount on Thursday. Ethereum’s ether ETH$3,281.74 declined the same amount, falling back
Payroll and HR platform Gusto has partnered with crypto infrastructure provider Zerohash to enable stablecoin-based payouts for workers outside the U.S., adding a new payment option to its global payroll and contractor offerings. The integration, which is currently in beta, allows eligible contractors to receive earnings in U.S. dollar-denominated stablecoins with settlement times measured in
US President Donald Trump’s recent statements regarding potential candidates for the Federal Reserve chairmanship have triggered a rapid shift in market direction and opinion polls. Following Trump’s remarks, the likelihood of Kevin Hassett, previously considered a strong candidate, becoming Fed Chairman significantly decreased, while the dollar strengthened; gold and silver prices experienced sharp short-term declines.
Key Takeaways JPMorgan is setting up a dedicated advisory team for private market fundraising. The move is a response to the structural shift toward private markets, where companies are increasingly choosing private funding over public offerings. JPMorgan Chase is establishing a new unit focused on helping companies raise private capital, The Wall Street Journal reported
Key Takeaways Riot Platforms purchased 200 acres of its Rockdale, TX site for $96 million, fully financed by Bitcoin. The company signed a 10-year Data Center Lease with AMD to deliver 25 MW of critical IT load, starting in January 2026 and completing in May 2026. Shares of Riot Platforms (RIOT) rose over 7% premarket