BounceBit, a crypto infrastructure provider that combines features of centralized and decentralized finance (CeDeFi), is bringing Franklin Templeton’s tokenized money market fund into its structured yield platform BB Prime, combining U.S. Treasury yields with crypto funding and basis arbitrage strategies. The tokenized fund, which belongs to the suite of BENJI products, will serve as a
Tensions continue between US President Donald Trump and Fed Chairman Jerome Powell over interest rates. While Powell prefers to act cautiously regarding interest rate cuts due to tariffs, Trump argues that inflation is in good shape and that interest rate cuts should begin. At this point, Trump, who has frequently called for Powell’s resignation, has
Popular centralized exchange Coinbase announced on Tuesday its intention to raise $2 billion via convertible senior notes in a private offering. The funds will be used for “general corporate purposes,” which it says may include “acquisitions of other companies, products, or technologies.” The company’s publicly traded stock closed on Monday at $314.69, per Trading View,
By Omkar Godbole (All times ET unless indicated otherwise) While bitcoin BTC$114,853.11 and ether (ETH) prices have recouped a significant portion of last week’s losses, hinting at a “buy the dip” resurgence, the latest ETF flows paint a different picture. On Monday, the nine spot ether ETFs recorded total net outflows of $465 million —
The cryptocurrency world recently witnessed an astounding milestone: monthly on-chain stablecoin volume hitting an unprecedented record of $1.5 trillion in July. This remarkable surge, reported by Sentora (formerly IntoTheBlock), marks the first time in history that digital asset transactions involving stablecoins have reached such a monumental figure. It highlights the growing reliance on these digital
Crypto analyst Crypto Rover (@rovercrc) tweeted that the markets currently expect a 92 percent chance that Federal Reserve will cut rates in September. The positivity is after a poor July jobs report, whereby the economy has been recording a decrease in the labor market, adding only 100,002 instead of expected 226,000 jobs in this report.
South Korea’s digital landscape is buzzing with a groundbreaking development! Kakao Group, the powerhouse behind the nation’s leading messaging platform, is making a bold and strategic leap into the digital currency space. This significant move involves forming a dedicated Kakao stablecoin task force, signaling a major blockchain initiative designed to reshape financial services. It’s a
This is a segment from The Breakdown newsletter. To read more editions, subscribe. “There are three kinds of lies: lies, damned lies, and statistics.” — Mark Twain The 2004 edition of the Economic Report of the president included a creative proposal it hoped the statistical agencies would consider: reclassifying fast-food cooks as manufacturing workers. ”When