Consob has introduced new measures to simplify the process of listing investment funds in Italy. The reforms aim to make the Italian financial market more competitive and bring it in line with regulations in other European Union countries. Although the new rules primarily address fund issuers, they may indirectly benefit retail traders. By simplifying listings
U.S. stocks opened slightly higher on Tuesday, and gold spiked to a record $4,000 as Wall Street looked to maintain the momentum that pushed the major indexes to new record highs. Summary Dow rose slightly as stocks opened higher on Tuesday. Gold prices hit a record $4,000 for the first tim. Wall Street is upbeat
Zac Prince of BlockFi bankruptcy fame has been named as managing director of Galaxy Digital’s new 8% APY yield product. While slowly leading BlockFi into bankruptcy, Prince advertised interest rates on Circle’s USD stablecoin of 7.5%. Now as head of Galaxy One, he’s advertising 8% APY on USD. With funds “generated by Galaxy’s institutional lending
Mike Novogratz’s crypto firm Galaxy Digital sees a bright future ahead for tokenized assets. In a recent research report, “The Investable Universe 2.0,” the New York-based firm projects that tokenized assets could reach a $1.9 trillion market capitalization by 2030 under its base scenario, a 5,622% increase from their current $33 billion valuation, and as
The Croatian Football Federation (HNS) has launched a new loyalty program that rewards fans with cryptocurrency through its official store app, making Croatia the first national football team to embed blockchain rewards directly into its fan engagement system. HNS released a public statement on Tuesday in conjunction with blockchain company Kadena, which joined forces in
S&P Dow Jones Indices will unveil a new index tracking cryptocurrencies and companies in the digital asset space, the company announced on Tuesday. The S&P Digital Markets 50 Index will track 35 companies involved in the crypto space—including infrastructure providers, financial services, blockchain applications—and also 15 cryptocurrencies selected from the S&P Cryptocurrency Broad Digital Market
Grass (GRASS), the Decentralized Physical Infrastructure Network (DePIN) project operating within the Solana ecosystem, raised $10 million in a bridge investment round led by Polychain Capital and Tribe Capital. The investment primarily consisted of token purchases. Grass has previously closed both a seed and Series A funding round. The project aims to allow users to
A cryptocurrency trader has pulled off one of the most eye-catching wins of the week, turning a $5,756 bet into more than $1.6 million in just two days, a return of nearly 280x. On October 5, the wallet 0x8844c242cf3d0716f489579a5a968901b9e9ebb6 withdrew 5 BNB ($5,756) from Binance and swapped it on OKX DEX for 11.15 billion units