Citigroup (C) plans to launch institutional bitcoin custody later this year, part of a broader push to integrate digital assets into the bank’s traditional financial infrastructure. Nisha Surendran, who heads Citi’s digital asset custody product buildout, described the initiative in a speech at the World Strategy Forum on Thursday as an effort to “make bitcoin
Trump Media and Technology Group (DJT) is considering spinning off Truth Social—its free speech-focused social media platform championed by President Donald Trump—into its own public entity, the firm announced on Friday. The move would see Truth Social and other Trump Media businesses become SpinCo, which would then merge with Texas Ventures III. However, some assets
US President Donald Trump, in a statement regarding negotiations on Iran’s nuclear program, said that contacts with the Tehran administration are expected to continue today. Speaking to reporters before his visit to Texas, Trump reiterated that he wanted to make a deal with Iran, but that Tehran would absolutely not be allowed to possess nuclear
OpenAI, the artificial intelligence research lab developing advanced language models, announced Friday that the company has secured $110 billion in a new funding round backed by SoftBank, NVIDIA, and Amazon at a $730 billion pre-money valuation. SoftBank, the Japanese investment conglomerate behind major tech initiatives, and NVIDIA, a leading supplier of AI computing hardware, each
Norway’s sovereign wealth fund, the Government Pension Fund Global, one of the world’s largest state-owned investment vehicles, generated $248 billion in profit in 2025, lifting its market value to roughly $2.2 trillion. The massive profit was driven by gains in American technology and financial stocks, with strong contributions from US companies, including major stakes in
Bitcoin options traders have begun taking positions on the possibility of the price recovering towards the $90,000 level. According to data shared by the blockchain derivatives analysis platform Derive, a trend of moving away from aggressive downward hedging strategies in the market is noteworthy. The analysis points to a possible stabilization and recovery process in
Multinational bank Barclays (BARC) is exploring the creation of a blockchain platform for payments and other processes, Bloomberg reported on Friday. The London-based financial services giant is consulting with prospective technology providers on the development of such a platform that would see it rival JPMorgan (JPM) and others in using decentralized technology for banking services.
The S&P 500 Index retreated by over 0.6% on Friday, continuing a retreat that started on Thursday as market participants reacted to the latest NVIDIA earnings. Summary The S&P 500 Index retreated by over 0.50% on Friday. Jitters in the booming private credit industry accelerated. The US published a strong producer price index report. The
Wikipedia co-founder Jimmy Wales has once again taken aim at Bitcoin. In a recent tweet, he stated that the world’s largest cryptocurrency is a “complete failure” as both a currency and a store of value. As reported by U.Today, he previously predicted that it would eventually fade into a niche collectible priced under $10,000 by