J.P. Morgan Wealth Management’s head of investment strategy thinks the stock market has more room to grow. Elyse Ausenbaugh says in a new interview with CNBC that AI investment is a powerful tailwind. The investment strategist predicts the Federal Reserve’s easing and corporate profits will both play a role in equity prices going forward. “We
A new report on VC fundraising in the crypto space provides interesting conclusions. The sector is undergoing deep consolidation, with fewer projects receiving substantially more capital. Sectors like DeFi, AI, and blockchains are getting a lot of interest, whereas RWAs, DePIN, NFTs, and GameFi are falling by the wayside. Aligning with major players’ preferences may
Backpack, a major crypto exchange and wallet recognised for its efficient customer experience and flexibility across multi-assets, enabled a strategic integration into Aptos, a Layer-1 blockchain designed to deliver fast, secure, and scalable DApps (decentralized applications). Aptos announced the development via its X’s social media account. This partnership represents a huge achievement for the wallet
OpenAI has overtaken SpaceX to become the world’s most valuable private company after a $6.6 billion employee share sale at a $500 billion valuation—the milestone underscoring the investor frenzy fueling the artificial-intelligence boom. According to a Bloomberg report, the secondary sale lets current and former staff who had held shares for at least two years
Chicago Fed President Austan Goolsbee commented on the effects of the government shutdown on the economy. Goolsbee stated that the shutdown would most directly impact federal employees by not receiving their salaries on time. He argued that without the release of economic data, the Fed would be “virtually blind” in its decision-making process. “Even if
Enterprise blockchain firm Ripple has allocated $1.3 million to fund a new Center for Digital Assets (CDA) within the engineering school of the University of California, Berkeley. Notably, the funding has been provided in Ripple’s own Ripple USD (RLUSD) stablecoin. Expanding partnership Ripple’s support for UC Berkeley is not new. The San Francisco-headquartered company has
The tokenized stock market is expanding fast, yet nearly all activity is concentrated in Backed and Ondo Global Markets, which dominate trading with popular U.S. tech shares and ETFs. While most offerings are synthetic, platforms exploring true ownership are emerging. Summary Tokenized stocks are growing quickly, but the market is almost entirely dominated by Backed
Ripple CTO David Schwartz recently announced he was stepping back from his role as Ripple’s chief technology officer, sparking reactions from the XRP and broader crypto community. An X user, in reaction to Schwartz’s announcement of his resignation, pleaded with the Ripple CTO to “kindly continue working on Coil.” Kindly continue working on “coil” Its
SoFi Technologies, the $30 billion publicly traded online bank best known for student loan refinancing and stock trading, is getting ready to roll out its own stablecoin, alongside other crypto services. During Goldman Sachs’ Communacopia + Technology Conference 2025 earlier this month, SoFi CEO Anthony Noto revealed that the company sees crypto as touching “every
According to Polymarket data, investors are almost certain that the Fed will cut interest rates at its meeting on October 29, 2025. The highest probability in the prediction market is a 25 basis point rate cut. According to the data: Probability of a 25 basis point cut: 90% Chance of a 50 basis point or