China is reportedly making additional moves into the gold sector. Bloomberg, citing “people familiar with the matter,” reports that the People’s Bank of China (PBOC) now wants to custody foreign sovereign gold reserves. In recent months, the Chinese central bank has been encouraging other central banks in friendly countries to buy gold and store it
Traders are rushing into futures tied to the Fed’s overnight benchmark rate as fears grow that short-term funding could dry up before the quarter ends. On Wednesday in New York, nearly 500,000 fed funds futures contracts for September were traded, breaking a record set in April 2023 when Trump’s tariff news hit markets. The surge
Key Highlights Three firms are partnering to tokenize $1 billion worth of essential housing projects, turning ownership into digital tokens on the Solana blockchain The partnership aims to make real estate investing more accessible This announcement comes after the CFTC introduced a proposal to use tokenized collateral in the derivative market On September 24, the
The cryptocurrency world is always buzzing with new developments, and recently, reports about a potential yuan stablecoin issuance in Hong Kong captured significant attention. However, the Hong Kong Monetary Authority (HKMA) has swiftly stepped in to clarify the situation, unequivocally denying these claims and reminding everyone of the stringent regulatory framework in place. What’s the
Tether is looking for a deal that would push its valuation to $500 billion, and if that happens, Giancarlo Devasini would end up with a net worth of $224 billion, putting him ahead of Warren Buffett, right behind Elon Musk, Jeff Bezos, Larry Ellison, and Mark Zuckerberg. This info came from the Bloomberg Billionaires Index,
Stablecoins won’t unseat incumbent payment platforms, including Visa and Mastercard, until the blockchain tokens feature robust consumer protections, according to Guillaume Poncin, chief technology officer of payment company Alchemy. Traditional payment companies offer chargebacks, fraud protection, disputed transaction resolution and credit features that consumers have come to expect. Stablecoin projects must integrate these features to
Key Takeaways Circle Ventures has invested in Crossmint to boost global stablecoin payment solutions. Stablecoins are now behind nearly half of digital asset use in regions such as Africa, fueling cross-border remittance. Circle Ventures, the investment arm of stablecoin issuer Circle, has invested in Crossmint, an all-in-one platform for crypto wallets, checkout, minting, and digital
Another crypto treasury company is betting on stock buybacks to appease investors, with Thumzup Media Corporation—which is currently stockpiling Bitcoin (BTC) and Dogecoin (DOGE)—the latest to see its share price climb after revealing such plans. Thumzup, which trades as TZUP on the Nasdaq, announced its board has approved a $10 million share repurchase program running
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Not all digital asset treasury companies (aka DATs) will last forever. Some just won’t be able to hack it. Others will, as we saw this week, get gobbled up by a competitor. But there’s a bigger picture for this segment that
The Asia-Pacific is the fastest growing region for crypto adoption, research released Wednesday by blockchain data firm Chainalysis shows. In its annual 2025 Global Adoption Index, Chainalysis said that India, Pakistan, and Vietnam lead global crypto activity, with transaction volume in the APAC region growing from $1.4 trillion to $2.36 trillion. The report drew data