Over half of the 25 largest US banks are now weighing or rolling out crypto-related products. An Aug. 8 status chart shared by River that tracks the giants across two lanes, custody and trading. The snapshot shows multiple firms moving from “not yet” to “exploring,” “announced,” or restricted access for high-net-worth clients, indicating that digital
Whale Alert recently flagged a significant development in the crypto world: a staggering 250 million USDC minted at the USDC Treasury. This isn’t just a large number; it’s a noteworthy event that provides crucial insights into the evolving stablecoin landscape. Understanding this substantial stablecoin minting helps us gauge shifts in liquidity and anticipate potential crypto
Crypto quant firm Algoz has reached $100 million in assets under management from 50 professional clients. Summary Quant firm Algoz reached $100 million in assets under management in H1 The firm currently serves 50 professional clients with specialized accounts Algoz offers custodial solutions and an off-exchange settlement system Crypto is showing growing signs of institutional
GMXSOL, the Solana-based decentralized leveraged trading platform, has launched its first real-world asset perpetual contract for the exchange-traded fund that tracks the S&P 500. Summary Solana-based decentralized exchange protocol GMXSOL has launched a perpetual contract for the S&P 500 ETF. Chainlink will power the RWA perpetual contract, having recently unveiled the Chainlink Data Streams for
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. President Trump yesterday got the ball rolling on allowing alternative assets in 401(k)s and other employee retirement plans. The executive order, signed Thursday afternoon, directs the Labor Department to “reexamine” its guidance on fiduciary responsibilities around alternative assets. This includes real
U.S. stocks rose on Friday as investors weighed multiple catalysts for a positive end to the week, with President Donald Trump’s nomination of Stephen Miran to the Federal Reserve Board of Governors among the key developments. Summary Stocks gained at open as Wall Street looked to end the week on a high. President Donald Trump
Robinhood stock price surged to a record high this month as its earnings showed that its business was doing well. Summary Robinhood share price has jumped to a record high this year. The company’s crypto revenue more than doubled. The stock faces substantial valuation risks. HOOD soared to a high of $113.38, bringing its year-to-date