Subprime borrowers are increasingly struggling to meet their debt obligations, serving as an early signal of broader economic distress amid uncertainty created by geopolitical tensions in the Middle East. This trend echoes conditions that preceded the 2008 Global Financial Crisis, though the scale of subprime debt has since diminished. In this context, chief economist at
EDX Markets, the crypto exchange backed by Citadel Securities, has applied to become a national trust bank, according to a filing made public Wednesday and first reported by Bloomberg. If approved by the Office of the Comptroller of the Currency, the charter would let EDX add custody, asset management, and principal trading services while continuing
SpaceX has confidentially filed for an initial public offering, moving Elon Musk’s rocket and satellite company closer to what could become the largest listing in history, according to a Bloomberg report. The filing is the clearest step yet in an IPO process that had already been signaled through earlier reports on timing, bank mandates, and
Network News GOOGLE SAYS BREAKING BITCOIN IS EASIER THAN PREVIOUSLY THOUGHT: Breaking the Bitcoin blockchain with quantum computers may not be as difficult as once thought, and Bitcoin’s Taproot technology, which enables more efficient, private transactions, may be partly to blame, Google’s Quantum AI team said in a blog post and newly published whitepaper. The
CoinShares, Europe’s largest asset manager specializing in cryptocurrencies and managing over $6 billion in assets, is now beginning to trade on the US Nasdaq exchange. According to the official announcement, CoinShares will begin trading on Nasdaq today through a merger with the SPAC (Special Purpose Purchase Company) Vine Hill Capital Investment. This merger resulted in
Visa, which processes trillions of dollars in electronic transactions each year, has introduced six AI-powered dispute resolution tools to help merchants, issuers, and acquirers reduce costs, minimize fraud, and improve visibility, according to an announcement issued today. “When outdated technology cannot keep pace, fraud goes undetected,” Andrew Torre, President of Value-Added Services at Visa, said
The ongoing war between the US and Iran, lasting for weeks, has created increasing uncertainty and rising oil prices, raising inflation risks. At this point, there is talk that the Fed may postpone interest rate cuts until the end of the year, or even raise rates if deemed necessary. However, Goldman Sachs predicted that the
Wall Street asset management giant Franklin Templeton is launching a dedicated cryptocurrency division as it deepens its push into digital assets, anchored by a planned acquisition of crypto investment firm 250 Digital. The new unit, called Franklin Crypto, will bring together the 250 Digital team and its liquid crypto strategies — previously managed by CoinFund
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1968.28, up 1.0% (+20.29) since yesterday’s close. Eighteen of 20 assets is trading higher. Leaders: AVAX (+4.0%) and HBAR (+3.6%). Laggards: BCH (-2.1%) and BNB (+0.0%). The CoinDesk 20
CoinShares, a European-based digital asset manager, is slated to make its US public markets debut today following the completion of a special purpose acquisition company (SPAC) merger, highlighting the crypto industry’s deepening ties with public markets. The company announced Wednesday that it had finalized a previously announced business combination with Vine Hill Capital Investment Corp.,