Global banking giants are exploring joint stablecoin issuance, signaling a deeper integration between traditional finance and cryptocurrencies, Reuters reports. Accordingly, major global banks such as Santander, Bank of America, Barclays, BNP Paribas, Citi, Goldman Sachs and UBS are forming a consortium to issue a common stablecoin. “The banks said in a press release that they
Crypto prices plunged alongside stock market indices early Friday after President Donald Trump threatened to ratchet up tariffs on China. Bitcoin dove below $119,000 for the first time since October 2, and was recent trading for $119,028—down 1.7% on the day. But other leading cryptocurrencies saw sharper dips, with Ethereum and Solana both down almost
A new move has come from Russia, which continues to take important steps regarding the use of Bitcoin (BTC) and cryptocurrencies. Russia plans to conditionally allow banks to offer cryptocurrency services, according to local news agency Interfax. Speaking at the Finopolis 2025 forum, First Deputy Governor of the Central Bank of Russia Vladimir Chistyukhin said
It’s deja vu all over again for bitcoin bulls as Monday’s rally to an all-time high triggered not FOMO, but instead fast retreat. That retreat sped up in a big way in late-morning U.S. action on Friday after trade war tensions between the U.S. and China ratcheted higher. U.S. President Donald Trump said in a
A subsidiary of Dominari Holdings (DOMH), the investment firm with ties to President Donald Trump’s sons, Eric and Donald Jr., is teaming up with Bitcoin programmability project Hemi to progress its digital asset treasury and exchange-traded fund (ETF) plans. Broker-dealer Dominari Securities and Hemi, which is backed by veteran Bitcoin developer Jeff Garzik, teamed up
US President Donald Trump claimed that China was planning export controls on rare earth elements and other production inputs and announced that they were considering increasing customs duties on Chinese products in response to this development. Trump, in a post on Truth Social, said, “Something very strange is happening in China! They are taking an
Popular prediction market platform Kalshi has announced a $300 million funding round with participation from Sequoia, Andreessen Horowitz, Paradigm, and more. It values the company at $5 billion, according to Kalshi CEO Tarek Mansour. In doing this, Kalshi plans to expand its business into an additional 140 countries, as it currently only operates in the
Russia is moving closer to formally integrating crypto into its financial system, as officials acknowledge widespread adoption and the central bank prepares to let banks handle digital assets under tight controls. According to a report by TASS, Deputy Finance Minister Ivan Chebeskov said around 20 million Russians now use cryptocurrencies “for various purposes,” describing them
Morgan Stanley is widening access to cryptocurrency investments for its wealth management clients, CNBC reported Wednesday, in a move that signals a broader shift among traditionally cautious Wall Street institutions. Starting next Wednesday, the bank will allow its financial advisors to offer crypto investments to all clients — regardless of risk tolerance or net worth
Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on XAUT$3,991.06, the gold-backed tokens of stablecoin giant Tether. The funding includes a $100 million private placement led by Antalpha (ANTA), a prominent bitcoin mining financing firm that and $50 million in senior debt, according to an