Wells Fargo, the fourth-largest U.S. bank by assets, is preparing to introduce a blockchain-based deposit token service for its corporate and commercial clients this fall, according to an exclusive report from The Wall Street Journal. The initiative marks a significant step in the bank’s digital asset strategy, leveraging its in-house blockchain platform to offer tokenized
Strategy sold 1,638 bitcoin last week for $105 million, reduced its holdings to 842,138 $BTC, and began tracking the 200-week moving average on its website, marking the clearest shift yet from accumulation to active treasury management. Introduction For four years, the Michael Saylor bitcoin thesis had one direction: buy. From August 2020, when Strategy (then
As South Korea’s government tightens lending regulations to cool the housing market, a notable shift is emerging among Seoul homebuyers: many are selling financial assets, including stocks and cryptocurrencies, as well as existing real estate, to finance new purchases. According to an exclusive report by Maeil Business Newspaper, an analysis of home purchase financing plans
Despite the remarkable growth of the Indian crypto market, Indian traders still use dollar-backed stablecoins like $USDT and $USDC. While this creates currency risks, industry leaders highlight the significance of a regulated Indian rupee-backed stablecoin. According to experts like Binance’s SB Seker, an INR stablecoin could reduce foreign exchange risks and build a stronger crypto
Bitcoin ($BTC) is holding around the $63.8K mark. The price is under no immediate pressure to explode or crash. Bitcoin ($BTC) is currently trading at $63,815, up by 1.70% on the day, with the trading volume surging 71% to $26.93 billion. The session has ranged between $62,226 and $64,163, implying a tight band. Over the
Cathie Wood’s Ark Invest bought an extra $8M worth of Coinbase COIN stock on the 3rd of August. According to the asset manager’s daily trades, $716.3K worth of COIN was acquired by ARKF, its fintech ETF tracker. Another $5.7M COIN buy was made by ARKK, its innovation ETF index. Finally, $1.6M was purchased by ARKW,
MSCI has launched a new consultation that could significantly impact Strategy (MSTR), the largest corporate Bitcoin holder. The index provider is considering new eligibility rules that would exclude companies with limited operating businesses from its Global Investable Market Indexes (GIMI). If approved, Strategy could be removed from several widely tracked global equity indexes. This could
Prevailing crypto market trends suggest an ongoing decoupling of the ecosystem from its original FOMO-based speculative undertone. The influx of institutional investors via spot ETFs seems to have adjusted Bitcoin’s price patterns and those of top cryptocurrencies. It is now common to find experts and market analysts combining Bitcoin and mainstream assets such as the
Bitcoin and jobs data are on a collision course this week, with the price pinned between $62,200 and $65,000 after the first economic release worked against the bulls. The ISM Manufacturing PMI printed 55.6 on Aug. 3, beating the 54.0 consensus and rising from June’s 53.3 to its highest reading since May 2022. New orders