This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The stablecoin market is approaching the $300 billion mark as we’re seeing more signs of TradFi’s broader shift to blockchain rails. For those keeping track at home, the roughly $290 billion stablecoin market cap is up 18% from 90 days ago
Investors pulled money out of Bitcoin and Ethereum ETFs last week but threw cash at funds giving altcoin exposure, a new report on global crypto ETF investments shows. Data from digital asset manager CoinShares shows that while investors pulled cash out of the two biggest digital coins last week, helping fuel price declines, other investors
A new move came from Kazakhstan, which partnered with the Solana (SOL) Foundation last June and announced plans to establish a Bitcoin (BTC) reserve. Accordingly, Kazakhstan announced the establishment of a state-owned cryptocurrency fund. The official statement announced the launch of the state-owned cryptocurrency fund, the Alem Crypto Fund. It was stated that the strategic
Market activity is likely to be overshadowed by Friday’s monthly U.S. employment figures, with nonfarm payrolls forecast set to increase by 39,000. The figure, seen as a barometer of the health of the world’s largest economy, is one of the most closely watched economic statistics. In the meantime, long-suffering creditors of bankrupt crypto exchange FTX,
Wall Street saw an upbeat opening on Monday, with cryptocurrencies also climbing slightly as investors turned their attention to U.S. President Donald Trump’s efforts to avert a looming government shutdown. Summary S&P 500 and Nasdaq climbed as stocks gained while Dow Jones Industrial Average hovered near the flatline. Wall Street was upbeat ahead of Trump’s
CNBC anchor Jim Cramer recently took to the X social media network to recommend that his followers buy cryptocurrencies. The piece of advice has been shared next to a photo of the National Debt Clock, which displays the total US national debt. The humongous sum, which shows the total amount of money that the U.S.
Cleveland Federal Reserve President Beth Hammack has advocated for a restrictive monetary policy amid growing concerns of rising inflation . Her comment comes as Fed officials remain divided on whether they should make a Fed rate cut at the October FOMC meeting, a move that would impact the crypto market.
Eole Inc., a Tokyo-listed digital marketing and communication services company, saw its shares rise after announcing a partnership with Singapore-based Slash Vision on Monday. The company also launched a subsidiary focused on crypto asset management to expand digital finance operations. Strategic Partnership Targets Crypto-Focused Financial Infrastructure Tokyo-based Eole, operator of the free group messaging service
Cryptocurrency investment products failed to extend their inflow streak last week as spot prices declined. Global crypto exchange-traded products (ETPs) recorded $812 million of outflows in the week to Friday, ending a two-week run of inflows, CoinShares reported on Monday. Total assets under management (AUM) declined to $221 billion from a record-setting $241 billion the
Following the sharp declines experienced in Bitcoin (BTC), Ethereum (ETH) and altcoins last week, critical data is expected this week. This week, with the start of October, while ETF decisions for altcoins such as XRP and Solana (SOL) are awaited, CoinShares published its weekly cryptocurrency report and stated that there was an outflow of $812