US President Donald Trump claimed that China was planning export controls on rare earth elements and other production inputs and announced that they were considering increasing customs duties on Chinese products in response to this development. Trump, in a post on Truth Social, said, “Something very strange is happening in China! They are taking an
Popular prediction market platform Kalshi has announced a $300 million funding round with participation from Sequoia, Andreessen Horowitz, Paradigm, and more. It values the company at $5 billion, according to Kalshi CEO Tarek Mansour. In doing this, Kalshi plans to expand its business into an additional 140 countries, as it currently only operates in the
Russia is moving closer to formally integrating crypto into its financial system, as officials acknowledge widespread adoption and the central bank prepares to let banks handle digital assets under tight controls. According to a report by TASS, Deputy Finance Minister Ivan Chebeskov said around 20 million Russians now use cryptocurrencies “for various purposes,” describing them
Morgan Stanley is widening access to cryptocurrency investments for its wealth management clients, CNBC reported Wednesday, in a move that signals a broader shift among traditionally cautious Wall Street institutions. Starting next Wednesday, the bank will allow its financial advisors to offer crypto investments to all clients — regardless of risk tolerance or net worth
Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on XAUT$3,991.06, the gold-backed tokens of stablecoin giant Tether. The funding includes a $100 million private placement led by Antalpha (ANTA), a prominent bitcoin mining financing firm that and $50 million in senior debt, according to an
Millions of Russian citizens are already using cryptocurrency, finally convincing their government that regulation rather than prohibition is what’s actually needed. According to an estimate, coins in Russian wallets have reached dozens of billions of dollars in valuation, a clear indication of the growing popularity of decentralized digital money in an otherwise centralized system. Russian
Binance Japan’s business partnership with PayPay is an ambitious push to make crypto an everyday payment tool in Japan’s fragmented, yet rapidly evolving market. The crypto market in Japan is entering a new phase of mainstream adoption after PayPay, the SoftBank and Yahoo Japan-backed payments giant, took a 40 percent stake in Binance Japan to
Key Takeaways The Central Bank of Russia is moving to permit limited crypto activity among banks. Strict capital reserve requirements will remain to manage risk, even as banks engage more with cryptocurrencies. Russia’s central bank is preparing to permit banks to engage in crypto operations under tight regulatory oversight. The monetary authority is exploring a
US Secretary of Commerce Howard Lutnick is personally assisting with Tether’s equity fundraise, according to Swan Bitcoin CEO Cory Klippsten. Citing a tip from a national news reporter, Klippsten claims that Lutnick is simultaneously running the Department of Commerce (DOC) and drumming up support for the stablecoin giant’s $20 billion open equity round. On September
Morgan Stanley is expanding its crypto offerings, allowing all clients to have access to digital assets, according to a Friday report. CNBC reported Friday that advisors will be able to offer crypto fund investments to any client as of October 15, including those with retirement accounts. Previously, only high-net-worth individuals could invest in crypto at the