Warsh-Led Fed Reprices Rate Expectations as Inflation Risks Move Higher Crypto markets entered a tighter liquidity environment after the Federal Reserve held rates steady while signaling a firmer stance on inflation. Wintermute, a crypto market maker and liquidity provider, said the shift created a more challenging backdrop for digital assets reliant on sustained capital inflows.
In its first earnings report since its May IPO, Cerebras Systems (CBRS) is lower by 11% in after-hours trading after guiding to lower profit margins next quarter. First-quarter revenue nearly doubled from the year-ago level to $193.4 million, and the company’s adjusted net loss of $2.5 million beat analyst forecasts of $36.75 million. For the
The two largest stablecoins shed supply over the past seven days, even as legislative tailwinds and a steady drumbeat of institutional partnerships pushed stablecoins to the front of the policy conversation. $USDC circulating supply fell 0.7% over the trailing week, from $75.08 billion to about $74.6 billion, per DefiLlama. Tether’s $USDT slipped 0.1% in the
Digital Assets Council of Financial Professionals founder Ric Edelman believes the CLARITY Act may pave the way for institutional capital to invest in the crypto market. He expects 95% of instructions outside crypto could start investing in Bitcoin and digital assets if the U.S. crypto bill is approved.
Blockchain infrastructure company Chainlink (LINK) announced it has partnered with 47 South Korean and European banks to enable real-time, stablecoin-based cross-border payments in international currency transactions. The initiative, called Project Pangea, brings together banks representing over $10 trillion in assets in total. Besides Chainlink, the project includes Qivalis, a euro stablecoin consortium supported by 37
SpaceX stock has remained under pressure after Susquehanna initiated coverage with a $170 price target while warning that the company’s valuation depends on aggressive growth assumptions. According to a research note from Susquehanna, the brokerage assigned SpaceX a neutral rating and set a $170 target for the stock as shares continue trading below their $150
As tokenization moves from industry experiment to commercial product, asset managers are rushing to establish a foothold in the market. “We have a number of different projects in flight, different variants to effectively tokenize ETFs,” Ben Slavin, global head of exchange-traded funds (ETFs) at BNY, said in an interview. The trend comes as major firms,
“You know, guess the biggest RWA in the world,” Anton Lobintsev said on the On The Margin podcast, using the shorthand for real-world assets put on a blockchain. The host guessed a house, then a company. “No, Tether. Because Tether is the biggest RWA. What are they doing? They tokenize the dollar. That’s it.” That
Ether treasury company Bitmine says it has met the eligibility criteria for Russell 1000 inclusion after appearing on FTSE Russell’s preliminary Russell 3000 additions list, raising the prospect that one of the largest corporate Ether holders could move deeper into mainstream equity portfolios. Bitmine Immersion Technologies appeared on the preliminary additions list published by FTSE