As is well known, US President Donald Trump has been calling on Fed Chair Jerome Powell to cut interest rates and resign for some time. Powell stated that interest rate cuts should wait a little longer, while Trump stated that the time has come for interest rate cuts and that delaying them would harm the
In a recent report, major market maker Wintermute analyzed investment trends among institutions and individual investors during the bull market in the first half of 2025. Wintermute noted a clear and stark difference between institutional and individual investors. Analysts said that institutional investors are more likely to focus on large-cap assets like Bitcoin (BTC) and
Bitcoin (BTC), the leading cryptocurrency, surpassed $120,000 for the first time in its history yesterday. While the price recently broke a record by exceeding $123,000, it fell to $117,000 due to increased profit-taking. While it was stated that this correction was normal and the rise would continue, critical inflation data that the FED attaches importance
Inflation in the U.S. perked up in June but was mostly in line with expectations, perhaps helping to set the stage for another Federal Reserve rate cut as soon as September. The headline Consumer Price Index (CPI) rose 0.3% last month versus economist forecasts of 0.3% and just 0.1% in May. On a year-over-year basis,
Stablecoin issuer Circle has taken a significant step toward establishing America’s first digital currency bank by filing with the U.S. Office of the Comptroller of the Currency (OCC). Circle Applies to Become the US’s First Digital Currency Bank Circle’s application aims to offer a financial infrastructure focused on the USDC stablecoin, unlike traditional banking services.
Facing a tougher fundraising environment, some traditional venture firms may eventually shift to direct token investments, moving away from the dual structures common in past investment cycles. At least that’s what Pantera Capital’s investor Mason Nystrom sees coming. In a July 9 thread on X, Nystrom suggested that more VCs may soon favor tokens over
With its market valuation surpassing that of established behemoths like Nintendo, Dior, Siemens and BNP Paribas, Coinbase has formally entered the $100 billion club. With its share price hovering around $394, this milestone not only emphasizes Coinbase’s own comeback but also the general upturn in the cryptocurrency industry as a whole. Coinbase’s rise appears to
The S&P 500 broke through 6,300 for the first time in history on Tuesday, as rising demand for crypto stocks and tech names sent U.S. markets higher across the board. This happened just a day after Wall Street posted small gains even with President Donald Trump threatening 30% tariffs on Mexico and the European Union,
A co-founder of the defunct crypto lending business BlockFi has made her next move. Flori Gilroy is now the senior vice president of SoFi’s crypto unit. The new hire was quietly made official via an update to the masthead on SoFi’s website and confirmed by a source familiar with SoFi’s business operations. It’s unclear when
Lloyds Banking Group and Aberdeen Investments have executed the United Kingdom’s first foreign exchange (FX) trade collateralized using tokenized assets, including UK gilts and money market fund units. The transaction was facilitated through a partnership with Archax, a Financial Conduct Authority (FCA)-regulated digital asset exchange, and carried out on the Hedera Hashgraph blockchain. The initiative