US President Donald Trump and Fed official Thomas Barkin simultaneously made critical statements on both domestic and foreign policy. While calling on the Fed to cut interest rates, Trump made striking warnings about the Ukraine-Russia war and shared developments regarding a series of trade agreements. Trump argued that the Fed should cut interest rates and
On Tuesday, Citigroup (C) had its second quarter of 2025 earnings call. During the call, Ebrahim Poonawala, Head of North American Banks Research at BofA Securities, asked how Citi is using stablecoins internally for treasury and global liquidity management and whether their adoption could disrupt the bank’s service revenues. Citi CEO Jane Fraser said the
Circle CEO Jeremy Allaire has a bold outlook for stablecoins, predicting that they could power the future of intra and inter-border transactions. Allaire made these claims in a recent interview on CNBC’s Money Movers. He highlighted the growing adoption of stablecoins and how Circle positions itself as a pioneer in offering transactional services to retail
The world of digital currencies is constantly evolving, with stablecoins often touted as the bridge between volatile cryptocurrencies and traditional fiat. However, a fascinating and crucial perspective has emerged from China, challenging the universal necessity of these digital assets. China International Capital Corporation (CICC), a leading investment bank, has unveiled its findings, suggesting that independent
Crypto bros say they’re rebuilding Wall Street on-chain. They say tokens tied to real-world shares like Nvidia, Apple, and even Elon Musk’s Tesla can make global investing easier, but the second you start paying attention, it’s just chaos, fake prices, legal headaches, and zero guardrails. At the end of June, Robinhood, Kraken, Gemini, and Bybit
The stablecoin market could start reshaping traditional finance if it grows to about $750 billion, according to Geoff Kendrick, Standard Chartered’s head of digital assets research. Kendrick, writing in a note Tuesday after a week-long trip through Washington, New York and Boston, said there’s a growing consensus among crypto industry players, fund managers and policymakers
U.S. stocks were mostly in the green as risk-on sentiment improves amid Nvidia related news, with Nasdaq gaining. While tariffs and trade war constraints remain, a shift in investor sentiment saw major U.S. indices open higher on Tuesday but the Dow Jones Industrial Average turned into the red, down 0.3%, while the S&P 500 added
Grvt is launching a platform that expands access to trading strategies once reserved for a small number of elite investors. Thanks to recent regulatory shifts, DeFi and traditional finance are increasingly converging. On Tuesday, Grvt launched Grvt Strategies, a peer-to-peer on-chain investment platform. According to the firm, the platform aims to open up sophisticated investment