Bank of America (BAC) says the GENIUS Act, signed into law last Friday by President Donald Trump, marks a turning point for U.S. stablecoin regulation, laying the groundwork for infrastructure development and tokenized finance growth. Supply of stablecoins, crypto tokens whose value is pegged to real world assets such as fiat currencies or gold, will
A new report from cryptocurrency exchange MEXC reveals that most Generation Z crypto traders now rely on artificial intelligence tools to guide their investment decisions. The findings highlight how automation and AI-driven strategies are reshaping crypto trading among young investors who seek both efficiency and emotional control in turbulent markets. Gen Z Leads the AI-Driven
Imagine a financial landscape where the innovative spirit of digital assets seamlessly integrates with the robust infrastructure of traditional banking. This vision is rapidly becoming a reality, and a recent announcement from 21Shares, a leading global issuer of cryptocurrency Exchange Traded Products (ETPs), and French banking giant Societe Generale, marks a truly pivotal moment for
AI giant SenseTime has announced a major capital raise of approximately HK$2.5 billion ($320 million). Through a placement of 1.667 billion new Class B shares. Infini Capital, a long-term investor, agreed to back the subscription after trading hours on Wednesday. The company confirmed that 20% of the net proceeds, around HK$500 million. They will allocate
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s (BTC) consolidation continues to take the wind out of the bull run in the broader market that had raised hopes for the so-called alt season marked by prolonged outperformance of alternative cryptocurrencies. Over the past 24 hours, major altcoins have experienced a significant decline, led
Capital is flooding into digital assets at a record pace this year, according to Wall Street bank JPMorgan (JPM), marking a sharp contrast with declining flows into private equity and private credit markets. JPMorgan estimates that net capital inflows into digital assets have hit $60 billion year-to-date, a nearly 50% jump since the firm’s last
US President Donald Trump has taken the pressure on Fed Chair Jerome Powell, whom he has long criticized, hinted at impeachment, and called for his resignation, a step further. Trump will make a surprise visit to the Fed today. Details of the visit are being kept under wraps, and it’s not yet known whether there
Cryptocurrency investor and Asymmetric Financial founder Joe McCann announced that he has decided to close the Asymmetric Liquid Alpha Fund due to intense investor backlash following the company’s 78% year-to-date loss. This development comes just after McCann recently announced plans to establish a $1 billion treasury fund for the Solana ecosystem. The fund has already
Treasury Secretary Bessent indicated that one or two interest rate cuts are possible this year. He also said he has breakfast with Fed Chair Jerome Powell almost every week. Meanwhile, it’s worth noting that President Donald Trump pressured Powell to cut interest rates last month, citing rising federal debt costs. However, according to an analysis
MultiBank Group’s digital asset division partnered with Fireblocks to bring $10 billion in real estate on chain. Summary MultiBank.io launched a real estate tokenization platform Fireblocks will provide custody, Mavryk blockchain infrastructure Platform aims to tokenize $10B in real estate assets. Companies are increasingly competing to dominate real-world assets. On Wednesday, July 23, MultiBank.io, the