Micron shares rose about 4% to a new all-time high Monday after the memory chipmaker announced a broad strategic agreement with Anthropic aimed at scaling the infrastructure used to train and operate Claude. The partnership covers the design of memory and storage architecture, a supply agreement, the deployment of Claude across Micron and a strategic
Crypto trading app Fomo has raised $75 million in a Series B funding round led by Index Ventures as the company looks to expand beyond digital asset trading. The round valued Fomo at $550 million and included participation from Union Square Ventures and existing investor Benchmark. Angel investors included Zynga cofounder Mark Pincus, Discord CEO
Baillie Gifford, a 118-year-old investment firm based in the Scottish capital of Edinburgh, unveiled a fixed-income tokenized fund in association with global custody giant BNY, the companies said on Monday. Baillie Gifford Enhanced Yield Fund (BAGEY) is denominated in dollars, and gives eligible investors access to an actively managed, short-duration portfolio of public corporate bonds
As is known, the FED did not change interest rates at its first Federal Open Market Committee (FOMC) meeting under the chairmanship of Kevin Warsh last week. The FED unanimously kept the policy interest rate stable at 3.50-3.75 percent, in line with expectations. Increased inflation concerns stemming from the US-Iran conflict have reduced the likelihood
The Bank of Korea and participating banks have discussed operating deposit tokens on a continuous basis with the goal of establishing conditions for a formal rollout, according to briefing materials submitted by the Korea Federation of Banks to the office of People Power Party lawmaker Lee Heon-seung. The materials noted that a follow-up test would
Bitwise Asset Management is integrating its crypto model portfolios into Parrot Finance’s retail investing app, testing whether professional allocation frameworks can reach retail investors via automated software rather than advisor dashboards. The June 18 partnership gives Parrot clients access to portfolios built around broad crypto exposure, thematic strategies, systematic monitoring, and rebalancing, moving a product
The banking group, ICBA, is asking the Federal Reserve Bank of Kansas City to turn Kraken’s Fed account into an active renewal test before the initial one-year term expires. In a June 18 letter, the community-bank trade group urged the Kansas City Fed to immediately review whether Kraken Financial’s limited-purpose account remains consistent with the
The cryptocurrency market has experienced a significant capital outflow in the last month, driven by a decrease in institutional investors’ appetite for risky assets. According to an analysis report published by BIT (formerly Matrixport), a total net capital outflow of $8 billion occurred from the crypto ecosystem in the last 30 days. The report analyzed