UBS, the Swiss multinational investment bank and one of the world’s largest wealth managers, has obtained final approval from the Office of the Comptroller of the Currency (OCC) to convert UBS Bank USA into a nationally chartered bank, the company announced in a LinkedIn post. With the national charter, UBS aims to bolster its US
The SEC’s fresh approval of Nasdaq’s tokenized securities framework marks a key turning point for how stocks could trade in the future: it brings blockchain into the core of U.S. equity markets, but on Wall Street’s terms. The regulatory green light allows Nasdaq to test a system where certain stocks and ETFs can be issued
Web3 has always been cyclical, yet it has never stopped building. Markets rally and retrace, narratives rotate and evolve, but founders continue to ship products and search for their moment to be seen. In an ecosystem where launching a protocol or token can happen quickly, standing out is harder than ever. That is where CoinDesk
Ledger has appointed a new chief financial officer and opened a New York office as the crypto security firm expands its U.S. presence ahead of a planned public listing. The company said John Andrews, a former Circle (CRCL) executive, will take on the CFO role. Andrews spent more than two decades in finance and most
Kalshi Inc. raised more than $1 billion in a funding round led by Coatue Management, Bloomberg reported Thursday, citing people familiar with the matter. The round valued the prediction market platform at $22 billion, Bloomberg said, double the valuation of the previous round in December, when it also raised $1 billion. That funding round was
Only weeks ago, the interest rate debate in the U.S. centered on just how many Federal Reserve rate cuts there would be in 2026. But as the economy shows only faint signs of slowing, inflation remains above the central bank’s 2% target, and oil prices are up 50% in three weeks, rate traders are beginning
The U.S. is planning to send more troops to the Middle East as tensions against Iran continue to escalate. Bitcoin dropped below $70,000 again today as crypto traders predict that the U.S.-Iran war could drag on at least until May, a development that could have significant consequences on the economy.
Ledger, the Paris-based crypto security firm known for its hardware wallets, has named John Andrews as its new Chief Financial Officer and launched a New York office in major steps to accelerate its US growth. A seasoned finance executive with roots in Wall Street, Andrews previously led investor relations and capital markets at Circle, where
CryptoQuant, a cryptocurrency analysis platform, stated in its latest assessment of the Bitcoin market that there has been a noticeable divergence in stablecoin liquidity, indicating that the market is entering a transition phase. According to the 30-day flow data shared by the company, while inflows into Tether remain relatively stable, more significant and persistent outflows