Russia’s foreign trade settlements with cryptocurrency approached $12 billion in the first half of the year, according to the Kremlin’s business advisor. The Russian president’s representative is convinced that cryptocurrencies are catching up with gold in terms of stability and are no longer a niche phenomenon. Kremlin official compares cryptocurrency to gold Cryptocurrencies like Bitcoin
Grayscale revealed in an index that altcoins provided the best returns in the third quarter of 2025. Bitcoin’s underperformance became the quarter’s most defining characteristic, while BNB Chain, Prometheus, and Avalanche led the ranking for top risk-adjusted performers. The index was generally dominated by tokens used for financial applications and smart contract platforms. Thematic narratives
The cryptocurrency climbed to $110K after the U.S. Bureau of Economic Analysis published its personal consumption expenditures report on Friday. BTC Inches Upward After Tepid Inflation Report The Bureau of Economic Analysis released a relatively uneventful personal consumption expenditures (PCE) report on Friday, showing a 0.3% rise in prices for August, bringing the annual inflation
Priya Misra, fixed income securities portfolio manager at JPMorgan Asset Management, commented on the US economy, interest rate outlook, and bond markets on the Squawk Box program on CNBC. Misra stated that current interest rates remain restrictive, saying, “I think the Fed will continue to gradually cut interest rates. There are differing opinions on where
The United Nations leaned into blockchain technology to overhaul its own pension system, and a study of that process concluded the innovation is the “ultimate technology for digital identity verification,” which has spurred the UN toward extending the system and sharing it with other international groups. The UN — which has explored various blockchain uses
FED member Michelle Bowman said in her assessments of monetary policy that the neutral interest rate is higher than before the pandemic. Bowman argued that the Fed’s inflation is within its target range, but that risks to the labor market outweigh the risks. Bowman stated that he favors a gradual approach to interest rate adjustments,
Tech-focused investment companies SoftBank and Ark Invest are among the firms in early stage talks to invest in Tether, issuer of the world’s largest stablecoin USDT (USDT), Bloomberg reported on Friday. The report follows this week’s news about Tether looking to raise up to $20 billion in a fundraising round that would value the firm
According to Bloomberg, SoftBank and ARK are in talks to participate in Tether’s major funding round. Tether, the world’s largest stablecoin issuer, aims to raise up to $20 billion at a $500 billion valuation. If successful, the deal could make Tether one of the world’s most valuable private companies, in the same league as companies
The potential for a government shutdown in the US puts critical economic data at risk. According to the US Department of Labor’s previously released operational contingency plan, the September jobs report, scheduled for release next week, would be postponed if the federal government shuts down. The extent of the government shutdown remains unclear. Many agencies,