Bitmine has strengthened expectations for a potential stock rally after Chairman Tom Lee highlighted the company’s chances of joining the Russell 1000 index ahead of the benchmark’s latest reconstitution update. According to Tom Lee, the updated list of companies entering and exiting the Russell 1000 is scheduled for release on June 18, with Bitmine Immersion
Fidelity Investments is the latest Wall Street firm seeking a role in one of the fastest-growing corners of digital assets: managing the reserves that back stablecoins. The asset manager is launching the Fidelity Reserves Digital Fund, a money market fund designed for stablecoin issuers and institutional investors under the reserve requirements established by the recently
Federal Reserve Chairman Kevin Warsh is holding a press conference following the decision to keep interest rates unchanged. Here are the most important parts of Warsh’s statements: This meeting reflects the best traditions of the Federal Reserve. The goal is to implement monetary policy correctly. My colleagues and I are here to fulfill our legal
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, a move markets had expected nearly unanimously. This was the first U.S. central bank policy meeting led by Kevin Warsh, who took over as chair from Jerome Powell after being confirmed by the Senate last month. The focus now shifts
As expected, the Fed decided to keep interest rates unchanged. The first press conference of the new Chairman, Kevin Warsh, is scheduled to begin at 21:30 Turkish time. The Fed lowered its median growth forecast for 2026 from 2.4 percent to 2.2 percent. Additionally, the phrase “additional interest rate adjustments” was removed from the decision
Welcome to our institutional newsletter, Crypto Long & Short. This week: Trusted indexes turn fragmented digital assets into a mature market that big institutions can confidently invest in, writes Kirsten Wegner, CEO of Index Industry Association. The division between traditional finance (TradFi) and crypto is disappearing, says Dave LaValle, President of CoinDesk Data & Indices.
Stablecoin settlement infrastructure company Trace Finance has raised $32 million in a Series A funding round led by CoinFund. Coinbase Ventures, Jump Capital and Paxos were among the investors that participated in the round, the company said Wednesday in a statement shared with Cointelegraph. Trace Finance provides banking, foreign exchange and stablecoin settlement infrastructure for