JPMorgan, Citi, UBS and 25 other public and private institutions completed Project Agorá’s tokenized payment trials, processing approximately CHF 800,000 across six currencies. The testing involved 30 transactions across 17 scenarios using Swiss francs, euros, British pounds, Japanese yen, South Korean won and US dollars. The trials covered corporate and interbank payments, intragroup transfers, dual
In brief Ark Invest sold about $4.4 million worth of Bitmine, Robinhood, Block, and Bullish shares. The firm recently purchased roughly $43.5 million of Coinbase and Circle stock. Ark also bought about $14.5 million of SpaceX shares on Wednesday. Cathie Wood’s Ark Invest sold about $4.4 million worth of crypto-related stocks on Wednesday, trimming positions
Renowned cryptocurrency analyst Benjamin Cowen assessed the latest inflation data from the US and its potential macroeconomic impact on Bitcoin (BTC). The latest data on the US economy, showing a 0.1% month-on-month decrease in the June PCE Price Index and a limited 0.1% year-on-year increase in core PCE, was positively received by the markets. The
Leopold Aschenbrenner, the founder of hedge fund Situational Awareness, has seen his leveraged positions liquidated following a swift downturn in AI stocks. Aschenbrenner, a former member of Sam Bankman-Fried’s FTX Future Fund team, launched his fund in 2024 and ran it up 1,000% by May this year. However, CNBC reported Thursday that Situational Awareness had
Shareholders of Satsuma Technology Plc approved a capital return and delisting with 90.63% and 90.59% of votes cast, respectively, against the majority board’s recommendation. The votes put the UK-listed Bitcoin treasury company on a path toward selling its Bitcoin and returning cash to shareholders. The result converted the conditional proposal CryptoSlate covered on July 16
In the U.S., the personal consumption expenditures (PCE) price index showed a limited decline in June, but inflation remained above the Fed’s 2% target. The strong recovery in consumer spending in the second quarter indicated that the U.S. economy remains resilient despite high interest rates and rising energy prices. According to data released by the
Some of the world’s biggest banks have completed real cross-border payments using tokenized money in a test led by the Bank for International Settlements (BIS), another sign that tokenization is moving into the plumbing of global finance. Project Agorá, which brings together five central banks and 28 commercial lenders including JPMorgan, Citi, UBS, Deutsche Bank
Bitcoin [BTC] was trading around the $64.6k mark on Thursday, July 30. The US Federal Reserve announced its decision to keep interest rates unchanged at 3.50%-3.75% on Wednesday, July 29. Energy-related supply disruptions have kept inflation rates elevated above the target 2%, but economic activity was expanding at a solid pace, and operational interest rates
In brief IBM says it demonstrated “trusted quantum advantage” using 70 logical qubits and a new error-correction method. The experiment completed a computation beyond the reach of leading classical simulation methods while providing statistical evidence the result was accurate. The announcement marks another milestone in IBM’s quantum roadmap, though the hardware remains well below what’s