Hashdex filed with the SEC to expand its Nasdaq Crypto Index US ETF beyond Bitcoin and Ethereum, seeking approval to add Solana, Cardano, and XRP under newly adopted generic listing standards. The filing enables the fund to track the complete composition of the Nasdaq crypto index rather than limiting holdings to the two largest digital
Blockchain analytics firm Elliptic has secured a strategic investment from HSBC, making it the only company in the sector to be backed by four globally systemically important banks (G-SIBs). HSBC joins JPMorgan Chase, Santander and Wells Fargo on Elliptic’s investor roster. As part of the deal, Richard May, Group Head of Financial Crime at HSBC’s
Powell delivered a speech at the Greater Providence Chamber of Commerce on Tuesday, outlining the central bank’s economic outlook, which could heavily impact risk-on assets such as crypto. He said that GDP growth has moderated to around 1.5% in the first half of the year, down from 2.5% last year, and unemployment remains low at
The number of crypto millionaires has risen by 40% year-on-year to 241,700, fueled by Bitcoin’s price rally and the broader crypto market valuation pushing past $3.3 trillion by mid-2025, according to a new report. The number of crypto centimillionaires — people with crypto holdings above $100 million — rose 38% to 450, while the crypto
Global crypto leadership is accelerating as the U.S. and U.K. deepen digital asset ties, aiming to redefine blockchain standards and fuel unstoppable innovation. Ripple Signals Regulatory Ambitions in US-UK Digital Asset Summit Stronger collaboration on digital assets between the United States and the United Kingdom took center stage at a Downing Street roundtable on Sept.
Good Morning, Asia. Here’s what’s making news in the markets: In the lead-up to Seoul’s Korea Blockchain Week, discussions about a Korean Won stablecoin were among the leading narratives. The idea carries political weight, positioning local currencies as digital alternatives to the U.S. dollar. However, despite the enthusiasm, most Asian currencies are hindered by capital
Companies that switched their business focus to holding digital currencies are now using borrowed money to buy back their own shares, suggesting the “crypto treasury” trend may be falling apart. Businesses ranging from online gaming firms to golf cart makers changed their strategies to purchase cryptocurrencies just two months ago. Now these same companies are
Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s delicate balancing act, stressing that policymakers are trying to navigate between their price stability and employment mandates following last week’s interest rate cut. “Recent data show that the pace of economic growth has moderated,” Powell said in prepared remarks at the Greater Providence Chamber
Tether Holdings, issuer of the world’s largest stablecoin, is seeking to raise as much as $20 billion in a private funding round that would value the company at roughly $500 billion, according to a report. The El Salvador-based firm is negotiating with investors to sell a 3% equity stake, a move that would place Tether