The Trump administration is expanding its shortlist of candidates to replace Federal Reserve Chair Jerome Powell, whose term expires next year. The goal is to find a candidate who can command the trust of both President Donald Trump and the financial markets. According to administration officials, among the names being considered are current Fed Vice
Crypto trading remained the backbone of eToro’s business in the second quarter, generating roughly 91% of the company’s total revenue, according to its latest earnings report. That’s down slightly from the 93% share recorded in the first quarter, suggesting a modest increase in the contribution from equities and other trading segments. For the three months
The crypto world is buzzing with the phenomenal news: crypto exchange Bullish’s initial public offering (IPO) has been astonishingly oversubscribed by more than 20 times. This remarkable event, initially reported by Walter Bloomberg on X, highlights a surging investor appetite for digital asset ventures. It’s a clear signal that confidence in the cryptocurrency sector remains
Tensions continue between US President Donald Trump and Fed Chair Jerome Powell over interest rates. Trump frequently insults Powell, accusing him of being late to cut interest rates. Following the inflation figures announced hours ago, Trump made a new post on his Truth Social account and once again stated that Fed Chair Powell should lower
The highly anticipated Bullish IPO will take place on Wednesday, Aug. 13, giving investors the opportunity to buy into one of the fastest-growing cryptocurrency exchanges, crypto publishers, and data providers. Summary The Bullish IPO will happen in the NYSE on Aug. 13. The IPO roadshow has been successful and oversubscribed. It is likely that the
ProCap CEO and VC investor Anthony Pompliano (also known within the X financial community as Pomp) has taken to his X account to comment on the just-released inflation report – the Consumer Price Index (CPI). CPI comes in low, Kiyosaki’s gloomy forecast opposed The CPI has come out slightly below the expectations of analysts –
The cryptocurrency world constantly evolves, and companies are finding innovative ways to integrate digital assets into their core operations. A significant development recently emerged as Upexi, a Nasdaq-listed e-commerce company, made a strategic move concerning its Upexi Solana treasury. This involves a pivotal appointment that could redefine its approach to digital asset management. Why is
BitMine Immersion Technology (BMNR), the bitcoin miner that pivoted to an ether (ETH) treasury strategy under Fundstrat’s Thomas Lee’s leadership, is doubling down on its stock sale program, aiming to raise up to $20 billion more buy more ETH. The company had previously authorized $4.5 billion in stock sales through agreements with Cantor Fitzgerald and
Web3 payments infrastructure firm Transak has raised $16 million in a strategic funding round co-led by IDG Capital and Tether. The company plans to use the funds to expand its stablecoin payments stack and enter new markets. The funding round comes at a time in which the stablecoin sector has been growing exponentially. DeFiLlama data
Circle’s stock spiked over 11.4% in pre-market trading Tuesday morning, surging on a bullish Q2 earnings report highlighting substantial year-over-year revenue growth for the stablecoin issuer, and major new offerings on the horizon. The stock, CRCL, eclipsed $179 early Tuesday. It closed at $161.17 Monday afternoon. Total revenue and reserve income for Circle exploded by