Stocks are little changed in early trading on Tuesday as investors pay attention to corporate earnings and the latest tariffs news. Dow Jones Industrial Average hovered 25 points up while S&P 500 and Nasdaq Composite hugged the flatline at 0.03% and -0.13% respectively. Tech stocks had previously bolstered the latter’s push to a sixth straight
American financial services company Compass Point, which is primarily known for specializing in equity research, has downgraded USDC issuer Circle to a Sell rating. This comes after the GENIUS Act, the groundbreaking stablecoin legislation that provides much-needed clarity for the sector, was recently signed into law in the US. Compass Point expects the Circle (CLRC)
Fed Chair Jerome Powell sidestepped questions on monetary policy at a conference focused on banking regulation, offering no hints on the central bank’s next moves. Speaking at the Fed’s banking regulation conference today, Powell welcomed feedback on improving capital rules but remained tight-lipped on the central bank’s future policy direction.
Global crypto tax reporting still has major cracks — and tokenized stocks may be the catalyst that forces the system to catch up. In recent weeks, platforms like Robinhood and Gemini have started offering tokenized stocks to users in the European Union. These blockchain-based derivatives mimic the price of real equities like Apple and Tesla
US President Donald Trump harshly criticized the high interest rates and said that Fed Chairman Jerome Powell will soon leave his post. The White House reportedly plans to visit the Fed headquarters on Thursday local time. Trump stated that current interest rates are putting homebuyers in a difficult situation, saying, “Powell is keeping interest rates
Venture capital heavyweight a16z Crypto led a $15 million seed-round investment into Poseidon, a decentralized artificial intelligence (AI) data layer. Poseidon is built to provide access to training data for robotics and AI models that is “traceable, enforceable and monetizable,” according to an emailed announcement on Tuesday. The project was incubated by intellectual property (IP)-based
Key Takeaways The Bank of England is reconsidering the need for a digital pound as private sector payment innovations advance. Global enthusiasm for retail central bank digital currencies is waning due to privacy concerns and industry alternatives. The Bank of England (BoE) is reassessing its plans for a digital pound, as officials question whether launching
Imagen Network (IMAGE), a low-cap token built on the Solana blockchain, has unexpectedly emerged as BlackRock’s third-largest crypto holding, according to on-chain portfolio tracking data. Despite its sharp price decline since launch, the asset now sits behind only Bitcoin (BTC) and Ethereum (ETH) in BlackRock’s digital asset allocation. At the time of publication, IMAGE is
Crypto companies in the U.K. have almost certainly been under-reporting breaches of financial sanctions since as far back as 2022, the Office of Financial Sanctions Implementation (OFSI) said in a Monday report, as the nation imposed more sanctions on Russia. The report, which is a sanctions threat assessment focused entirely on crypto, said most of
Story Highlights Scott Bessent calls for a full review of the Federal Reserve’s expanding role, warning that “mandate creep” and controversial spending could threaten its independence. With Trump increasing pressure and Powell under fire, the debate over the Fed’s priorities and accountability has entered a new phase. U.S. Treasury Secretary Scott Bessent has reignited scrutiny