MGX, a fund backed by Dubai’s ruling family, will take a 15% stake in TikTok’s U.S. business as part of a restructuring meant to increase American control of the popular video app, the Washington Post reported Friday. The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, brings MGX into a partnership with Oracle, the
Smart Digital Group faced a brutal investor revolt as its Nasdaq-listed shares imploded following a surprise announcement to establish a diversified cryptocurrency asset pool, a move markets likely viewed as a high-risk diversion. Summary Smart Digital Group stock collapsed 87% after announcing plans for a diversified crypto asset pool targeting Bitcoin and Ethereum. The move
Key Takeaways Kraken is reportedly in talks with a strategic investor for a deal valuing the company at $20 billion. This would mark a sizable increase from its last $15 billion valuation after a $500 million funding round. Kraken, a cryptocurrency exchange preparing for a 2026 IPO, is in talks with a strategic investor at
As stablecoin and cryptocurrency adoption accelerate worldwide, emerging markets face mounting risks to monetary sovereignty and financial stability, according to a new report from Moody’s Ratings. The credit rating service warned that widespread use of stablecoins — tokens pegged 1:1 with another asset, usually a fiat currency like the US dollar — could weaken central
Theta Capital Management plans to raise $200 million for its latest blockchain funds-of-funds. The company said it’s raising funds to capitalize on early-stage blockchain opportunities despite venture funding in the sector remaining subdued. According to the company’s report, its new vehicle, Theta Blockchain Ventures V, will distribute the capital to between 10 and 15 venture
Russia’s foreign trade settlements with cryptocurrency approached $12 billion in the first half of the year, according to the Kremlin’s business advisor. The Russian president’s representative is convinced that cryptocurrencies are catching up with gold in terms of stability and are no longer a niche phenomenon. Kremlin official compares cryptocurrency to gold Cryptocurrencies like Bitcoin
Grayscale revealed in an index that altcoins provided the best returns in the third quarter of 2025. Bitcoin’s underperformance became the quarter’s most defining characteristic, while BNB Chain, Prometheus, and Avalanche led the ranking for top risk-adjusted performers. The index was generally dominated by tokens used for financial applications and smart contract platforms. Thematic narratives
Priya Misra, fixed income securities portfolio manager at JPMorgan Asset Management, commented on the US economy, interest rate outlook, and bond markets on the Squawk Box program on CNBC. Misra stated that current interest rates remain restrictive, saying, “I think the Fed will continue to gradually cut interest rates. There are differing opinions on where
FED member Michelle Bowman said in her assessments of monetary policy that the neutral interest rate is higher than before the pandemic. Bowman argued that the Fed’s inflation is within its target range, but that risks to the labor market outweigh the risks. Bowman stated that he favors a gradual approach to interest rate adjustments,