On Tuesday, Citigroup (C) had its second quarter of 2025 earnings call. During the call, Ebrahim Poonawala, Head of North American Banks Research at BofA Securities, asked how Citi is using stablecoins internally for treasury and global liquidity management and whether their adoption could disrupt the bank’s service revenues. Citi CEO Jane Fraser said the
Circle CEO Jeremy Allaire has a bold outlook for stablecoins, predicting that they could power the future of intra and inter-border transactions. Allaire made these claims in a recent interview on CNBC’s Money Movers. He highlighted the growing adoption of stablecoins and how Circle positions itself as a pioneer in offering transactional services to retail
The world of digital currencies is constantly evolving, with stablecoins often touted as the bridge between volatile cryptocurrencies and traditional fiat. However, a fascinating and crucial perspective has emerged from China, challenging the universal necessity of these digital assets. China International Capital Corporation (CICC), a leading investment bank, has unveiled its findings, suggesting that independent
Crypto bros say they’re rebuilding Wall Street on-chain. They say tokens tied to real-world shares like Nvidia, Apple, and even Elon Musk’s Tesla can make global investing easier, but the second you start paying attention, it’s just chaos, fake prices, legal headaches, and zero guardrails. At the end of June, Robinhood, Kraken, Gemini, and Bybit
The stablecoin market could start reshaping traditional finance if it grows to about $750 billion, according to Geoff Kendrick, Standard Chartered’s head of digital assets research. Kendrick, writing in a note Tuesday after a week-long trip through Washington, New York and Boston, said there’s a growing consensus among crypto industry players, fund managers and policymakers
U.S. stocks were mostly in the green as risk-on sentiment improves amid Nvidia related news, with Nasdaq gaining. While tariffs and trade war constraints remain, a shift in investor sentiment saw major U.S. indices open higher on Tuesday but the Dow Jones Industrial Average turned into the red, down 0.3%, while the S&P 500 added
Grvt is launching a platform that expands access to trading strategies once reserved for a small number of elite investors. Thanks to recent regulatory shifts, DeFi and traditional finance are increasingly converging. On Tuesday, Grvt launched Grvt Strategies, a peer-to-peer on-chain investment platform. According to the firm, the platform aims to open up sophisticated investment
Coinbase has crossed a significant milestone, reaching a market capitalization of over $100 billion amid renewed momentum across the crypto sector. According to Google Finance data, shares of Coinbase (COIN) reached a new all-time high of $398.50 during trading hours on July 14. However, the stock’s value ended the day at around $394, reflecting a
Crypto infrastructure firm Function has secured $10 million in seed funding to scale FBTC, its fully reserved Bitcoin product, amid rising demand for BTC-based yield solutions. Crypto infrastructure firm Function, previously known as Ignition, has successfully raised $10 million in a seed funding round led by Galaxy Digital, whose support also extends to liquidity provisioning,
The stock and crypto markets drifted upwards on Tuesday, July 5, after the U.S. published mixed consumer inflation data. Futures tied to the Nasdaq 100 and S&P 500 rose by 160 and 30 points, respectively. Bitcoin (BTC) pared back some of its initial losses and moved back above $118,000. Other altcoins like Ethereum (ETH) and