Category: Business

Morgan Stanley’s spot bitcoin exchange-traded fund (ETF) began trading Wednesday with solid early activity, logging more than 1.6 million shares traded and roughly $34 million in inflows, the bank said. The fund, listed under the ticker MSBT, tracks the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate and charges a 0.14% expense ratio. It

A billion dollars in loans originated in a single month — not by JPMorgan, not by Wells Fargo, but by a blockchain-native lending company most people outside of crypto have never heard of. — Figure Technologies quietly crossed that threshold in March, and the implications for real-world asset (RWA) tokenization are hard to overstate. Bernstein,

SEOUL, South Korea – March 2025 – The landscape of digital finance in South Korea has reached a pivotal milestone. Danal Fintech, the blockchain subsidiary of payments giant Danal, and JB Jeonbuk Bank have successfully completed a comprehensive proof-of-concept (PoC) for a South Korean won-based stablecoin. This crucial test validates the entire operational lifecycle of

SEOUL, South Korea – March 2025 – KakaoBank, South Korea’s premier digital-only bank, has declared a definitive strategic pivot for the year, aiming to spearhead the issuance of a Korean won-backed stablecoin. Furthermore, the institution plans a fundamental transformation into an AI-native bank while accelerating its international footprint into Mongolia. This multi-pronged approach positions KakaoBank

XFUNDS has unveiled a new exchange-traded fund (ETF) designed to give investors simultaneous exposure to Bitcoin and short-term US Treasury bonds. The Nicholas Bitcoin and Treasuries AfterDark ETF takes a novel approach by switching its allocations between US Treasuries during trading hours and Bitcoin exposure after US markets close, aiming to capture value from after-hours

Circle (CRCL) stock jumped by more than 7% during the pre-market trading session on April 8 after reports that economists at the White House have dismissed claims that stablecoin rewards have the potential to harm banks. Towards the end of last month, the Circle stock price dropped due to concerns that the CLARITY Act would

In brief Chainalysis projects adjusted stablecoin volume could reach $719 trillion by 2035 through organic growth alone. Volume could hit $1.5 quadrillion when factoring in generational wealth transfer and point-of-sale adoption. The firm estimates $100 trillion in wealth will move from Boomers to crypto-native Millennials and Gen Z between 2028-2048. Stablecoins could be used for

Tesla stock price remains on edge today, April 8, down by 30% from its all-time high. Still, there is a possibility that the TSLA shares will rebound, possibly to the all-time high as retail investors buy the dip ahead of the SpaceX IPO later this year.

The latest FOMC minutes show that Fed rate cuts are still on the cards even as Fed officials remain wary of the impact that the Iran war could have on inflation and the labor market. However, the Fed is likely to hold rates steady in the meantime as it continues to monitor the situation on

Iranian Parliament Speaker Mohammad Bagher Ghalibaf, in a statement made on the social media platform X, claimed that some provisions of the 10-point proposal, which forms the basis of the planned negotiations with the US, have been violated. Ghalibaf stated that three of the ten points in the framework, which he described as a “viable