Franklin Templeton is acquiring 250 Digital, a spinoff from CoinFund, to grow its crypto investment offerings, The Wall Street Journal reported Wednesday. The entity is led by Seth Ginns and Chris Perkins, who previously served as CoinFund’s managing partner and president and managing partner and head of liquid investments, respectively. 250 Digital was formally established
Monzo, the UK’s largest app-based digital bank with more than 15 million customers, is closing its short-lived US expansion chapter to prioritize home markets after struggling to establish a strong presence. Monzo, one of Revolut’s main frenemies, entered the US market in 2020 and swiftly chased a banking license before backing off in October 2021
Artificial intelligence giant OpenAI has closed $122 billion in committed capital at an $852 billion post-money valuation, a round that dwarfs anything raised in private markets and cements the company as the most valuable startup in history by a wide margin. The funding was anchored by Amazon, Nvidia, and SoftBank, with continued participation from Microsoft.
Brent crude oil futures posted over a 60% gain in March. This marked the strongest monthly rally in the benchmark’s history, dating back to 1988. The May contract settled roughly 5% higher on Tuesday at $118.35 per barrel. West Texas Intermediate (WTI), the US benchmark, climbed about 51% during the month for its best performance
In Jack Dorsey’s view of the world, the job most at risk from the AI revolution is the middle manager. Dorsey argues in a new essay, “From Hierarchy to Intelligence,” published with Roelof Botha, Sequoia Capital’s managing partner, an investor in Block, that his company’s decision to cut approximately 4,000 of its more than 10,000
Hyun Song Shin spent 12 years at the Bank for International Settlements, shaping how central banks think about digital money. On March 22, South Korean President Lee Jae-myung nominated him to lead the Bank of Korea. He replaces outgoing Governor Lee Chang-yong when the term ends in April. The economist who built the case for
South Korean individual investors’ interest in crypto-related assets reached remarkable levels in the first quarter of the year. Investors invested approximately 1 trillion won in US-based cryptocurrency stocks and ETFs. According to a report based on data from the financial data platform SEIBro, South Korean individual investors made net purchases totaling $627.55 million (approximately 948.6
Robinhood Markets (HOOD) CEO Vlad Tenev announced that Robinhood Banking crossed $1.5 billion in deposits from nearly 100,000 funded customers, with deposit growth of roughly 50% in just three weeks. The product, launched in November 2025 exclusively for Robinhood Gold subscribers, offers FDIC-insured checking and high-yield savings through Coastal Community Bank. The rapid traction now
CoinShares, a leading European digital asset manager with over $6 billion under management, is set to begin trading on the Nasdaq Stock Market under the ticker symbol CSHR. The listing follows a $1.2 billion merge with Vine Hill Capital Investment Corp., a U.S.-based special purpose acquisition company (SPAC). The deal forms CoinShares PLC, and makes
Strategy, the world’s largest publicly traded Bitcoin holder, has held the 11.5% dividend rate on its perpetual preferred stock, Stretch (STRC). This marks the first time the product has not seen a dividend increase since the product launched in July 2025. STRC debuted in July 2025 with a 9% dividend and has since undergone seven