Life-insurance is a multi-trillion dollar asset class that almost nobody thinks of as an asset. That didn’t stop Jay Rogers, cofounder and director of infineo, who pooled half a billion dollars of institutional policies, convinced banks to lend against them, and is putting the whole structure on a blockchain. He sat down with TheStreet Roundtable
Anchorage Digital CEO Nathan McCauley has stated that artificial intelligence (AI) agents are poised to become independent economic actors, capable of executing financial transactions using a variety of payment methods, including cash, cards, and cryptocurrencies. The remarks were reported by The Block and highlight a future where autonomous software participates in the economy. Agentic Banking
South Korea’s Shinhan Asset Management signed a four-party memorandum on Aug. 21 to test a Korean won tokenized fund using the Solana blockchain. The agreement brings together Shinhan Asset Management, the Solana Foundation, tokenization platform Etherfuse and decentralized exchange Orca. The participants will conduct a proof of concept covering the fund’s issuance and distribution process.
It has been suggested that expanding the US Treasury Department’s bond repurchase program could help Bitcoin reach its target level sooner in the current market cycle. Mark Connors, Chief Investment Officer and macroeconomics analyst at Risk Dimensions, said that if the Treasury’s actions reduce pressure on long-term US Treasury bond yields, it could create a
Bitcoin $BTC$75,582.18 climbed as high as $79,400 on Friday, adding 8.8% since midnight UTC as a rally kicked off by the U.S. Treasury on Wednesday gathered steam. The largest cryptocurrency was trading recently just below $78,000. The Treasury’s bond buyback announcement helped extend bitcoin’s gains from earlier in the week. It’s now climbed for five
Matthew Sigel, Head of Digital Asset Research at VanEck, maintained his optimistic forecast for Bitcoin’s future price performance. Sigel predicts Bitcoin will reach $100,000 again next year, and if a similar market cycle occurs, the cryptocurrency could rise to $500,000 by 2029. Sigel’s assessment indicates that long-term bullish expectations for the Bitcoin market remain. The
The U.S. Treasury on Wednesday said it would step in to support the market for its own bonds after the cost of long-term government borrowing shot up to the highest level in almost two decades. That rise in borrowing costs had become a problem for both the government’s finances and maybe even crypto. The new
Strategy MSTR$123.69·At close is back in profit on its bitcoin $BTC$75,582.18 holdings, with an unrealized gain of roughly $1.4 billion, or 2.4%, as the largest cryptocurrency added almost 22% in five straight days of advances . The company owns 840,447 $BTC, acquired at an average price of $75,385, compared with bitcoin’s current price of about
Binance founder Changpeng Zhao said on Aug. 21 that countries could use tokenization to raise capital and attract foreign direct investment by offering digital representations of assets to global investors. “Let’s tokenize everything,” CZ wrote in an X post. He argued that countries and companies have an incentive to sell tokenized shares to investors worldwide.
Bitcoin’s latest rally has been backed by a sharp increase in institutional activity. U.S. spot Bitcoin ETFs recorded more than $5.3 billion in trading volume as BTC reclaimed $74,000 for the first time in 86 days. BlackRock’s IBIT dominated activity with $4.44 billion in volume. Fidelity’s FBTC came next at $438 million and Grayscale at