Key Takeaways Smart Digital Group is launching a cryptocurrency asset pool. The diversification strategy focuses on established cryptocurrencies like Bitcoin and Ethereum. Smart Digital Group today unveiled plans for a diversified cryptocurrency asset pool tied to Bitcoin and Ethereum, marking the company’s entry into institutional-grade digital asset management. The pool is designed to enhance portfolio
U.S. stocks remained near record highs on Tuesday but saw a largely muted opening as the previous session’s spike cooled amid gold’s surge to a new all-time high. Summary Dow Jones Industrial Average opened higher, but stocks were largely muted in early trading Tuesday. Gold surged to new highs above $3,800, with investor sentiment upbeat
The Fed cut interest rates by 25 basis points last week, in line with expectations. Expectations for a further rate cut are diminishing due to inflation concerns. While FED members have different opinions on interest rate cuts, two FED members made warm statements. Accordingly, Fed Vice Chair for Supervision Michelle Bowman stated that it is
Zerohash secures $104M in Series D, valuing the crypto startup at $1B. Interactive Brokers leads raise; Apollo and other strategic investors join. Zerohash expands crypto trading, stablecoins, and tokenization services. Crypto infrastructure startup Zerohash has secured $104 million in fresh funding, drawing support from some of the world’s most prominent financial institutions, including Morgan Stanley
Globally, there are now 241,700 people whose crypto holdings put them in the millionaire ranks, up 40% in a year, as digital assets start to influence how the rich transfer funds or secure residency and citizenship. Henley & Partners’ Crypto Wealth Report 2025 estimates that, by June, the tally of Bitcoin millionaires rose 70% year
European record for ARK Invest: the assets managed in Europe with UCITS vehicles have surpassed one billion dollars, demonstrating a rare acceleration in thematic asset management. The announcement, recently made in London and confirmed by ARK Invest Europe, follows the jump from 446 million dollars recorded at the beginning of the year and has been
Key Takeaways Gold hit a new record high of $3,800 per ounce in 2025 amid economic uncertainty. Year-to-date, gold prices are up over 40%, consistently posting new highs. Gold reached a record high of $3,800 per ounce today, marking another milestone for the precious metal amid continued economic uncertainties and investor demand for safe-haven assets.
London-based blockchain payments company Fnality secured $136 million in a Series C funding round backed by some of the world’s largest financial institutions. Bank of America, Citi, KBC Group, Temasek, Tradeweb and WisdomTree led the round, joined by returning investors including Goldman Sachs, Santander, Barclays and UBS, according to a Tuesday announcement by the company.
New York-based venture capital firm Archetype has raised $100 million for its third fund aimed at backing early-stage blockchain startups, the firm said. The fund, called Archetype III, is supported by a mix of existing and new institutional investors, including pensions, academic endowments, sovereign wealth funds, and funds of funds. Archetype has a track record
Wall Street bank Morgan Stanley (MS) is moving deeper into digital assets, announcing a partnership with crypto infrastructure provider Zerohash to allow E*Trade clients to trade bitcoin BTC$112,795.83, ether (ETH) and solana SOL$218.34 starting in the first half of 2026, Bloomberg reported on Tuesday. Jed Finn, Morgan Stanley’s head of wealth management, told Bloomberg that