Genius Group, a Singapore-based education group, has cleared a legal obstacle to raising capital for its planned Bitcoin and artificial intelligence treasury expansion. The US Court of Appeals for the Second Circuit vacated a preliminary injunction that Genius said had restricted its ability to issue shares, raise capital, and purchase Bitcoin. The Aug. 31 order
Crypto-linked stocks jumped sharply as Bitcoin moved back above $81,000 and Ethereum climbed above $2,500. Strategy (MSTR) led the rally, rising 17.56% to close at $144.82, helped by its latest Bitcoin purchase and bullish Wall Street ratings. Meanwhile, Bitmine Immersion Technologies (BMNR), one of the largest corporate holders of Ethereum, also surged more than 15%.
Citigroup has significantly postponed its expectation regarding Federal Reserve interest rate cuts following strong employment data from the US. The bank announced that it expects the Fed to make its next 25 basis point interest rate cut in June 2027. According to Citigroup’s new forecast, the Fed is expected to implement three separate 25 basis
The fact that the August non-farm payrolls data in the US came in significantly above expectations has shifted the Federal Reserve’s focus to the inflation data to be released next week regarding its interest rate policy. Ryan Weldon, investment director and portfolio manager at IFM Investors, stated that the strong employment outlook could give the
AMC Entertainment CEO Adam Aron escalated his fight with Robinhood over its tokenized stocks on Friday, calling on the brokerage to stop trading tokens linked to AMC shares and threatening legal action. Aron’s comments came in response to Robinhood CEO Vlad Tenev, who asked “what’s the concern?” in an X post after Aron first criticized
Hargreaves Lansdown, the U.K.’s largest retail investment platform with two million investors, has begun offering nine bitcoin and ether exchange-traded notes (ETNs), reversing course less than a year after warning clients against crypto investments. The firm’s new listings include products from BlackRock’s iShares, CoinShares, WisdomTree, 21Shares, Invesco and Bitwise, with annual fees ranging from 0%
In August, US non-farm payrolls significantly exceeded market expectations, indicating a stronger-than-expected trend in the labor market. The unemployment rate remained unchanged from the previous month at 4.1%. At this point, the US non-farm payroll figures for August were released, and the 162,000 figure, exceeding the expected 56,000, surprised the markets. The data released for
The U.S. labor market strengthened appreciably in August, giving the growing group of hawks at the Fed more ammunition to hike interest rates at the bank’s policy meeting in less than two weeks. According to the government’s Nonfarm Payrolls report released Friday morning, the U.S. economy added 162,000 jobs last month. That was well above
South Korea’s financial regulators outlined policy aimed at building the infrastructure to tokenize securities for stablecoin settlement on Friday. Officials from the country’s Financial Services Commission (FSC) and Financial Supervisory Service (FSS) said the plan to tokenize traditional securities such as stocks, bonds and funds and to expand security token offerings (STOs) beyond fractional investment