BlackRock is cutting 200 jobs, or under 1% of its workforce, in its latest round of rightsizing under Larry Fink, according to Bloomberg. The move marks the fourth round of workforce reductions in the past 18 months as the world’s largest asset manager adopts a more continuous approach to headcount management. The layoffs affected a
European Central Bank (ECB) President Christine Lagarde is rallying support for the digital euro as the bloc’s primary tool to counter the growing influence of USD-pegged stablecoins in global payments, dismissing euro-denominated stablecoins as an inadequate alternative. Dollar stablecoins command a market cap of around $317 billion per CoinMarketCap data. Euro stablecoins, on the other
The market value of Elon Musk’s space company is showing confident growth on Nasdaq, with the company’s capitalization rapidly catching up to twice the value of the entire global Bitcoin network. After IPO session closed with a gain of almost 20%, today’s premarket pushed the stock another 11% higher, bringing SpaceX’s total valuation above $2.5
Solana treasury companies are resisting acquisition attempts by Forward Industries, with two firms rejecting proposed combinations and a third allowing its offer to expire without responding. Forward said Monday that Solana Company (HSDT), formerly Helius Medical Technologies, rejected an all-stock proposal that would have given its shareholders 0.386 newly issued Forward shares for each HSDT
Strategy executive chairman Michael Saylor said Bitcoin does not need staking, inflation or protocol-based yield mechanisms, arguing returns should come from financial products built around $BTC. In an X post on Tuesday, Saylor outlined a five-layer “Digital Asset Stack” positioning Bitcoin ($BTC) as the base for credit, money, yield and equity structures. Saylor said Bitcoin
Crypto lending platform Nexo has seen its stablecoin balance increase to $8.44 million, marking a 7.5% rise from the previous figure of $7.85 million, according to data shared by blockchain analyst CryptoOnchain. The steady uptick suggests growing user engagement and capital inflows into the Nexo ecosystem, reflecting broader confidence in the platform’s services amid a
The US Federal Open Market Committee (FOMC) interest rate decision is among the top events to watch this week in the broader financial sector, let alone the crypto market. This comes as the red-hot inflation has sparked discussions over the potential next move of the US Federal Reserve with its monetary policy plans.