America’s largest banks are preparing a direct response to one of crypto’s fastest-growing products: stablecoins. JPMorgan Chase, Bank of America, Citigroup and other major lenders said Friday that they plan to launch a shared tokenized deposit network through The Clearing House by the first half of 2027. The project would allow bank deposits to move
James Wo, the founder and chief executive of crypto investment firm DFG, says bitcoin remains the dominant institutional asset in crypto — and ether is unlikely to reach the same status anytime soon. Speaking to CoinDesk at the Proof of Talk conference in Paris, Wo rejected Bitmine Immersion Technologies Chairman Tom Lee’s big prediction that
Appointee will meet SEC and NYSE independence standards, restoring the audit committee to full composition 6 June 2026 – Tether International, S.A. de C.V. (“Tether International”), the controlling shareholder of Twenty One Capital (“XXI”), today announced it has designated an additional independent director to XXI’s board, filling the audit committee seat opened by recent board
AI stocks now make up about 40% of the U.S. stock market, according to Bravos Research, a level similar to concentrations seen before the 2000 Dot-Com crash and the 1929 market downturn. The firm said the U.S. technology index has nearly doubled over the past 12 months. Over the last 26 years, similar gains occurred
Some online chatter seems to speculate that retail investors may be selling crypto to chase the biggest IPO ever. The Elon Musk-owned rockets, satellite and AI company SpaceX is selling up to 30% of its record $75 billion offering straight to retail investors through Robinhood, Fidelity and Charles Schwab, more than three times the slice
Bitcoin mining company Keel Infrastructure (KEEL) has announced plans to issue $400 million in convertible notes due in 2032, an increase from the initially planned $350 million. The offering, detailed in a press release distributed by Globe Newswire, reflects strong investor demand for the company’s debt securities. Convertible note terms and structure The notes carry
Shares of Coinbase Global COIN moved lower on Friday after Baird reiterated its Neutral rating on the cryptocurrency exchange operator but lowered its price target, warning that weak trading activity could continue to weigh on the business. Coinbase stock fell nearly 7% in trading to around $152. The shares have struggled throughout 2026, declining roughly
A crypto-backed mortgage is a home loan that lets you pledge cryptocurrency, usually Bitcoin or $USDC, as collateral for the down payment instead of selling it. You get the house, your coins stay in custody, and you avoid a taxable sale. In most other respects it behaves like any ordinary mortgage. The idea moved from
The two largest corporate holders of Bitcoin and Ethereum are now sitting on more than $23 billion in combined unrealized losses, a stark reminder that the corporate treasury playbook for digital assets carries risk far beyond what most balance sheets are built to withstand. According to the original report, Strategy’s Bitcoin treasury is down roughly