The Fed lost access to critical employment data due to the government shutdown. According to the Washington Post, Fed officials cannot access data from ADP, which provides private sector employment data. This development creates additional difficulties for the Fed in making interest rate policy decisions, as it is currently unable to access much economic data
Crypto adoption in Australia has stalled, despite the incumbent Albanese government rolling out some of the most ambitious digital asset reforms in the country’s history. The fifth annual Australian Crypto Survey, released on Wednesday by crypto exchange Swyftx, found that ownership remains flat among adults, with trust in digital assets continuing to slide. Nearly 60%
Binance co-founder and former CEO Changpeng “CZ” Zhao dismissed crypto critic Peter Schiff’s plan to launch a tokenized gold product, calling it a “trust me bro” asset. In a Thursday post on X, CZ said tokenized gold is not onchain gold, but a promise dependent on third-party custody. “It’s tokenizing that you trust some third
Investor interest in prediction markets is growing fast as one of the sector’s biggest names prepares to set a new fundraising benchmark. Summary Polymarket is seeking a $12–$15 billion valuation, up tenfold from June. ICE’s earlier $2B investment valued the platform near $8B pre-money. Weekly trading volume recently surpassed $2B, signaling record user activity. Polymarket
Max Glass, a former executive at crypto infrastructure and consulting firm RWA Company has sued the company, claiming he was wrongfully fired and coerced into signing away his rights so the firm could pursue its stablecoin plans without him. By doing so, the company committed an act of “fiduciary betrayal,” according to the complaint filed
The cryptocurrency market in 2025 is increasingly being shaped by institutional adoption and the rise of stablecoins, underscoring rapid advances in blockchain technology capable of supporting broader mainstream use, according to venture capital firm Andreessen Horowitz (a16z). In its latest State of Crypto report, a16z highlighted the growing involvement of traditional financial giants such as
Wall Street’s biggest balance sheets are quietly rebuilding the crypto stack under the banner of tokenization and custody. What began as a defensive stance toward digital assets is turning into an infrastructure shift: bringing fund administration, cash management, and settlement onto blockchain rails that look more like BNY Mellon’s LiquidityDirect platform than a typical crypto
The first wave of crypto ETFs allowed investors to onboard crypto assets into traditional brokerage accounts – and tax-advantaged retirement accounts. Given the long-term return potential of cryptocurrencies, that’s a win-win. But cryptos are still volatile. Last week’s $19 billion leveraged wipeout in bitcoin surpassed the wipeout at the Covid bottom in March 2020. And
Prediction market operator Kalshi is receiving investor offers valuing the company at more than $10 billion, according to a Bloomberg report. That valuation would make Kalshi one of the largest prospective valuations yet for a regulated event-trading platform. The offers come just weeks after Kalshi closed a $300 million round co-led by Andreessen Horowitz and