Bridge, the stablecoin infrastructure company acquired by payments giant Stripe, applied for a national bank trust charter with the U.S. Office of the Comptroller of the Currency (OCC), co-founder Zach Abrams said on Wednesday. The move would put the firm under federal regulatory oversight if approved by the regulator. Through the bank, company would provide
Fed Chair Jerome Powell delivers the keynote address at the National Association for Business Economics (NABE) conference in Philadelphia. Here are the highlights from Powell’s speech: The future direction of monetary policy will be determined by data and risk assessments. Data before the US government shutdown suggested that economic growth could be better than expected.
Jim Cramer has entered the chat again, and once again the market audience cannot decide whether to take him as a warning or a contrary indicator. “It’s finally happening,” he wrote on X, pointing to the crypto market’s sudden spillover into the S&P 500. According to Cramer, “the crypto/spec tail is wagging the S&P dog
For years, Bitcoin was seen as digital gold, but the latest numbers suggest this comparison may be losing credibility. Bloomberg strategist Mike McGlone sums it up straight: the ratio between Bitcoin and gold is changing fast and could be the first sign of what he calls a great reset. When it comes to data, the
Vaulta is extending its infrastructure stack with Omnitrove, a treasury management solution that integrates directly with its ecosystem, offering native connectivity and utility for its native token. Summary Vaulta announced Omnitrove, a treasury platform set to launch in early 2026, integrating 25+ blockchains, exchanges, and banks into one system. The platform aims to modernize institutional
Bitcoin’s rally past $110,000 had traders convinced the bull market was unstoppable. But in just days, that confidence cracked. A mix of global politics and technical weakness has triggered one of the sharpest pullbacks in months. Beijing’s new sanctions on five U.S. subsidiaries of South Korea’s Hanwha Ocean have reignited trade tensions with Washington, rattling
US President Donald Trump has announced that he may impose 100% tariffs on Chinese products on or before November 1 as part of the rare earths dispute with China. US Trade Representative Jamieson Greer provided information on the matter to CNBC. “A lot of that depends on what China does. They’ve been the ones who
Citigroup (C) CEO Jane Fraser offered a clear stance on the future of digital finance, telling investors that tokenized deposits — not stablecoins — will be the primary engine behind next-generation payments and financial market infrastructure. Speaking on an investor call following the bank’s third-quarter earnings release on Tuesday, Fraser explained that institutional clients are
The Dow Jones Industrial Average fell nearly 500 points as stocks opened lower on Tuesday, with the market reacting further to mounting trade tensions between the United States and China. Summary Dow Jones slipped 500 points as stocks extended losses on Tuesday. Investor sentiment flipped negative as China responded to U.S. trade war moves. Bitcoin
A prominent Bitcoin (BTC) advocate, Max Keiser, has defended the asset’s superiority over traditional metals like gold and silver as a store of value. Keiser highlighted Bitcoin’s market performance and contrasted it against traditional “hard money.” Bitcoin’s scarcity makes it the ultimate store of value Keiser noted that Bitcoin’s rise from $1 to $100,000 has