Bili Capital is quietly placing its trust in some of the world’s biggest fund managers. According to Bloomberg, the investment firm has made over two dozen strategic investments in funds run by financial giants like BlackRock and Ares Management. While the move wasn’t announced with fanfare, it signals a clear change in direction. Instead of
Leading stablecoin issuer Tether has acquired a minority stake in Spanish crypto exchange Bit2Me, leading a €30 million (about $35 million) investment round to support the exchange’s growth in Europe and Latin America. Bit2Me said it recently became the first Spanish-speaking fintech to be authorized by Spain’s securities regulator under the EU’s new MiCA framework.
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$116,701.51 rose to the highest this month, touching $116,430 and establishing itself more firmly above the $115,000 level on renewed demand for risk assets as the implications from Friday’s weaker-than-expected jobs market data sink in. The Federal Reserve is now widely expected to cut rates
The Fed continues to keep interest rates steady despite US President Donald Trump’s persistent demands for interest rate cuts. Expectations for the first interest rate cut of 2025 intensified in September, with Fed Chair Jerome Powell citing economic uncertainty stemming from tariffs as the reason. At this point, while some FED members also support a
Insiders say China plans to launch renminbi-backed stablecoins in an effort to combat the U.S. dollar. However, the launch is held back by capital outflow concerns. Summary China has reportedly begun testing renminbi-backed stablecoins. Stablecoin plans have been hindered by growing concerns over the nation’s financial control and fears of potential misuse. In a recent
US spot bitcoin exchange-traded funds (ETFs) recorded net inflows on Wednesday. Spot Ethereum ETFs also rebounded, attracting $35.12 million in net inflows on Wednesday. Bitcoin has been trading in a narrow band between $114,000 and $115,000 in recent days. US spot bitcoin exchange-traded funds (ETFs) recorded net inflows on Wednesday, halting a four-day streak of
Economist and Queens College Cambridge President Mohamed El-Erian made important assessments on US President Donald Trump’s dismissal of the Bureau of Statistics (BLS) President, the upcoming FED chair change, and interest rate cut expectations in the Morning Brief program. El-Erian argued that the Fed would have cut interest rates if it had known about the
GameStop CEO Ryan Cohen said the company would play its own game with Bitcoin. Key Takeaways GameStop isn’t the meme it used to be, according to billionaire Bill Gross. The company recently purchased 4,710 BTC, and its stock price has begun to mirror Bitcoin’s price movements. Legendary investor Bill Gross said GameStop (GME) is shedding
A month after halting the second phase of its central bank digital currency (CBDC) pilot, South Korea’s central bank is shifting its focus to stablecoins and other digital asset developments. In the latest development, it has launched a new committee to monitor the market and repurposed its CBDC team to explore the wider digital currency