President Donald Trump is promising American adults $5,000 each if Republicans keep the House and Senate after the November midterms. Trump announced the idea Wednesday at the GOP gathering in Dallas while Republicans try to hold their congressional majorities. Sending that much money across the United States would mean a large federal expense. With each
Coinbase CEO Brian Armstrong said that Bitcoin may have passed its bottom in the current market cycle and that he expects it to re-enter an upward trend within the next one to two years. In an interview in Singapore, Armstrong offered his assessment of the future of the cryptocurrency market. The Coinbase executive stated that
Arya.ag, India’s largest agricultural warehousing business, is using the Avalanche blockchain to tokenize grain deposits, warehouse receipts and loan status, giving lenders what it says is a more reliable way to verify the crops backing agricultural loans. Nandan Nilekani, the co-founder of tech giant Infosys and project leader of India’s Aadhaar identity system, announced the
Stablecoin transfers exceeded $4 trillion in the last quarter, a substantial increase from previous periods. As highlighted by @a16zcrypto, this surge indicates a growing regulatory framework established by the $GENIUS Act. The call for passing the CLARITY Act emphasizes the need for further regulatory clarity in the crypto space, impacting future developments. The Latest figures
Scott Bessent’s Treasury Department is getting ready to buy back as much as $6 billion of US government debt after Scott defended action around the yen. Treasury announced the plan on Wednesday and said the goal is to keep trading in government bonds running smoothly. The amount is about three times larger than usual. Scott
BlackRock warned on Sept. 8 that rising Japanese government bond yields could weaken demand for U.S. Treasuries by giving Japanese investors more attractive returns at home. Japan’s 10-year government bond yield briefly exceeded 3% for the first time since 1996, while its 30-year yield reached a record 4.18%. The shift matters because Japan holds roughly
Zamanat, a worldwide Digital Shariah Assets market, has announced the launch of an exclusive private credit fund. In this respect, Zamanat has introduced the Zamanat Fund CEIC Limited to cope with the SME financing gap in the Gulf Cooperation Council (GCC) region. As Zamanat disclosed in its official announcement, the development underscores the initial live
Crypto traders have valued Anthropic at about $2.12 trillion using leveraged derivatives that don’t actually carry a stake in the company. That’s more than twice the $965 billion valuation the maker of Claude last raised money at in May. The wager comes weeks before Anthropic is anticipated to file the prospectus that will finally put
Tokenized stocks promise cheaper trading and wider access, while some products make speculation easier without passing shareholder rights to the buyer. Two people can open their investment apps, see the same company name beside a similar price, and still own different things. One holds shares in the company, and the other holds a token designed