South Korean fintech unicorn Toss plans to launch a finance superapp in Australia this year, its first overseas expansion, while also preparing to issue a Korean won-based stablecoin once regulations allow. According to a Tuesday Reuters report, Toss CEO Lee Seung-gun said that the firm plans to launch its superapp in Australia this year and
Charlotte, NC – September 9, 2025 – FG Nexus Inc. (Nasdaq: FGNX, FGNXP) (the “Company”), today announced that its Board of Directors has approved a Share repurchase program to acquire up to $200 million of the Company’s outstanding common stock (the “Share Repurchase Program”). The Stock Repurchase Program, which is open-ended, allows the Company to
US President Donald Trump recently penalized India by imposing a 50% tariff on goods imported from the Asian country. Trump took this harsh stance following allegations that India purchased oil from Russia, indirectly funding the war against Ukraine. That move appears to be shaking the foundations of the Indian economy, including the IT sector, considering
Fidelity Investments has rolled out its tokenized money market fund on the Ethereum ETH$4,353.20 blockchain, marking the Boston-based investment management giant’s entrance in the rapidly growing tokenized asset field. Some $202 million in Fidelity Digital Interest Tokens (FDIT) were minted blockchain in early September, blockchain data on Etherscan shows. FBIT is the token representation of
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a significant influx of capital on Monday, reversing two days of consecutive outflows. The $368.25 million net inflow was the largest single-day inflow since August 8, according to SoSoValue data. With none of the twelve spot Bitcoin ETFs recording outflows, data pointed to renewed conviction from institutional investors. Fidelity’s
Stablecoin issuer Tether is one of the largest corporate accumulators of Bitcoin over the last 12 months, adding more coins to its treasury than nearly all spot exchange-traded funds (ETFs). On Sept. 8, Tether CEO Paolo Ardoino shared data showing that the stablecoin issuer secured more than 27,700 BTC in the past year. Of that
The clash between Wall Street and the crypto sector over yield-bearing stablecoins is intensifying in Washington. The stablecoin industry needs more options for offering yield to users, according to Will Beeson, founder and CEO of RWA liquidity layer Multiliquid and Uniform Labs, and former head of tokenized asset infrastructure at Standard Chartered. “In a competitive
Billionaire venture capitalist Chamath Palihapitiya warns that the Fed is on track to repeat past mistakes this year amid flawed data and slow policy responses. Palihapitiya says on the social media platform X that the Fed has a track record of being late when it comes to adjusting interest rate policy based on changing economic
Robinhood Markets will officially join the S&P 500 on Sept. 22, replacing Caesars Entertainment, as part of the quarterly rebalancing of the index. The inclusion, announced by S&P Dow Jones Indices on Friday, brings another crypto-adjacent company to America’s most tracked stock index, further expanding the benchmark index’s exposure to the crypto sector. “This movement