Wells Fargo is set to roll out tokenized deposits for corporate and commercial clients this fall, joining a wave of major banks using blockchain technology to modernize payments and settlement services, the Wall Street Journal reported Tuesday. Advertisement The offering will initially support US dollar and British pound deposits for cross-border transactions, allowing customers to
Something unusual has happened to one of crypto’s most reliable trading strategies. The bitcoin futures yield collapse now underway means a bet that once handed traders more than 20% annual returns has quietly fallen behind the safest instrument in finance: the short-term U.S. Treasury note. What used to be a near-guaranteed edge for carry traders
J.P. Morgan has become one of the largest institutional players moving financial assets onto a public blockchain, with tokenized money market funds on Ethereum now totaling $900 million in combined onchain assets under management. The scale of this investment is drawing attention across the crypto industry, not because it’s flashy, but because it represents one
Brazil-listed OranjeBTC has increased its Bitcoin reserves by 30 $BTC, according to data from BitcoinTreasuries.net. The company now holds a total of 3,948 $BTC, reinforcing its position as one of the most active corporate Bitcoin holders in Latin America. Strategic Accumulation Continues The latest purchase follows a pattern of consistent accumulation by OranjeBTC, which has
President Donald Trump called on ExxonMobil and Chevron to cut US fuel prices after the oil majors earned roughly $26.5 billion combined during the second quarter. Trump demands lower fuel prices Trump criticized ExxonMobil and Chevron at the White House on Monday, arguing that supply pressure linked to the Iran war had allowed the companies
The multimillion-dollar Coldcard hack, anemic institutional demand, and uncertainty in the regulatory and macroeconomic environment are some of the pain points for the crypto market right now. Yet there are no signs of panic or stress in the market, at least not in the continued meltdown of bitcoin’s 30-day implied volatility index, BVIV. The index
Robinhood opened the order window on Monday for Robinhood Ventures Fund II, a closed-end fund that will give retail investors exposure to seed-stage startups from the Y Combinator ecosystem,at an expected $25 per share. The fund extends Robinhood’s private-markets push from late-stage names like OpenAI into the riskiest end of venture capital — seed-stage companies,
Franklin Templeton, a global asset manager with over $1.5 trillion in assets under management, has joined the Canton Network as a super validator, according to The Block. The move deepens the firm’s involvement in blockchain-based finance and follows its expansion of the Benji Technology Platform to the Canton Network in November last year as part
Italy’s largest banking group, Intesa Sanpaolo, significantly reduced its exposure to BlackRock’s Bitcoin ETF (IBIT) through call options in the second quarter, while simultaneously increasing its holdings in BlackRock’s Ethereum staking ETF. The moves were disclosed in a 13F filing submitted to the U.S. Securities and Exchange Commission on July 31, covering positions as of
BlackRock (BLK), the world’s largest asset manager, is building on its recent expansion of tokenized cash offerings in the U.S. by tapping into a combined $311 billion of assets under management in European money market funds in a sign of the growing appeal of holding real-world assets on blockchain technology. BlockRock unveiled 12 new tokenized