The Senate defeat of the Clarity Act has left bitcoin bulls at the mercy of Wednesday’s Federal Reserve meeting, an event that some observers warn could prove highly challenging for the central bank’s chair, Kevin Warsh. The Federal Reserve is scheduled to announce its interest rate decision at 2:00 PM ET, with Warsh set to
Instinct, the startup behind the personal AI assistant of the same name, is seeking $1 billion at a $10 billion valuation as access expands and users surpass 100,000, The Information reported Tuesday, citing a person with knowledge of the deal. Sequoia Capital and Benchmark are in talks to lead the round. The terms of the
Morgan Stanley has made a notable move by filing for new ETFs focused on Eaton Vance state municipal bonds. This rare filing comes as the market shows increased interest in specialized municipal investments. According to Eric Balchunas, this development could attract significant investor attention, especially if fees are competitive. The potential for growth in this
Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity, is set to speak at Link:NYC on October 29. Her session will focus on building digital assets that appeal to traditional allocators, which could significantly influence institutional investment strategies. This event emphasizes the growing integration of digital assets into mainstream finance, as highlighted in a
Teknium has reported a significant reduction in its Python codebase, decreasing it by 34.4% and saving nearly $2 million in engineering costs. This optimization was achieved by employing 1,393 subagents over a span of nineteen hours, demonstrating a strong focus on operational efficiency. This development is noteworthy as it showcases how tech companies can leverage
As tokenized markets continue gaining traction, the UK is moving beyond pilots and toward permanent financial infrastructure. In May, the FCA and Bank of England set out this direction through a call for input. The response drew 123 submissions, showing industry interest. Now, firms are progressing through the Digital Securities Sandbox. This includes key players
Bitpanda is preparing for another change at the top less than a year after Lukas Enzersdorfer-Konrad became its sole CEO. The move comes as the crypto broker delays a potential initial public offering. London’s trading industry is coming home! Bitpanda said he will remain CEO until his departure with co-founder and Chief Scientist Christian Trummer