Crypto inflows climbed toward the $2 billion mark last week, with positive sentiment drawing from the Federal Reserve’s (Fed) decision to cut interest rates. Amid strong crypto inflows, the total AuM hit a YTD high of $40.4 billion, putting the market on track to match or slightly exceed last year’s $48.6 billion positive flows. Fed
The Federal Reserve is likely to take central focus again this week with several members, including Chair Jerome Powell, speaking at public events. On Friday, U.S. personal consumption expenditure (PCE) figures for August are published. The PCE index is closely watched by the Fed and feeds into its monetary policy decisions. Crypto exchange Coinbase is
Binance co-founder Changpeng “CZ” Zhao’s edutech venture, Giggle Academy, managed to amass over a million dollars in public donations within half a day, thanks mainly to a memecoin. Giggle Academy’s donation address showed a balance of over 1,311 BNB (BNB) worth over $1.3 million at the time of writing, according to the BNB Smart Chain
Good Morning, Asia. Here’s what’s making news in the markets: On the streets of Bolivia, an advertisement for a bright green BYD Dolphin Mini is plastered across a billboard. Toyota, BYD, Yamaha accepting USDT in Bolivia “Tu vehiculo en dolares digital” USDT is the digital dollar for hundreds of millions in the emerging markets.Ubiquity. pic.twitter.com/0X0SH3USXX
Argentina has once again reached a breaking point, and the central bank has intervened to prop up a plunging peso despite new libertarian reforms. The crisis marks a sharp turn for those who briefly saw hope in President Javier Milei’s pro-market promises. Milei: the libertarian wave falters When Javier Milei assumed power, he made headlines
The traditional economy is being phased out in advanced countries that are transitioning to an internet-first economy dominated by the tech industry and digital platforms, according to Balaji Srinivasan, a former executive at crypto exchange Coinbase and the author of “The Network State.” “The legacy economy is being sunset in favor of the Internet economy,”
Family offices shifting into public equities and crypto as inflation pressures keep altering outlook. Rising generations push Bitcoin adoption higher, with forecasts eyeing $250,000 before 2026, as flows surge. Family offices that manage the wealth of the world’s richest families are reshaping their portfolios as inflation remains high in major economies. Many are cutting back
The first regulated stablecoin tied to the international version of the Chinese yuan (CNH) meant for foreign exchange markets, and a South Korean won (KRW) stablecoin launched this week as the global stablecoin race heats up. Financial technology company AnchorX debuted its AxCNH yuan-pegged stablecoin on Wednesday at the Belt and Road Summit in Hong