Americans are carrying more credit card debt than ever. Balances hit $1.28 trillion by the end of last year’s fourth quarter, a $44 billion jump in three months, according to data the Federal Reserve Bank of New York released Tuesday. The year-over-year number looks worse. Balances climbed 5.5% compared to the same period in 2024.
Asseto Finance reported a major development in the convergence between TradFi (traditional finance) and DeFi with the announcement of its strategic integration with Chainlink, which provides an industry-standard decentralized computation framework. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the industry’s leading Price Feeds Pool, Asseto Finance will introduce new levels of transparency and liquidity. These
CNBC’s Jim Cramer claimed the Trump administration may buy Bitcoin for a proposed U.S. Strategic Reserve, reportedly targeting a $60,000 entry price amid recent market volatility — a statement denounced by George Noble, former aide to famed investor Peter Lynch. Summary Cramer suggested on CNBC that the U.S. government would buy Bitcoin at $60,000. The
Bitcoin-Backed Bonds Facing Stress Test After Bitcoin Selloff, S&P Says Wall Street’s first attempt at a public bond sale backed by bitcoin loans has hit some turbulence after bitcoin’s sharp decline triggered forced liquidations. Bankers at Jefferies have spent months pitching institutional investors on a $188 million asset-backed bond deal tied to thousands of loans
In a significant move for decentralized finance, the artificial intelligence-powered Web3 startup Bluwhale has officially launched its AI Agent Store, introducing a new paradigm of 24/7 autonomous financial management for digital asset holders globally. This platform enables users to deploy specialized AI agents that handle complex tasks like portfolio management, staking, and on-chain trading. Consequently,
Fireblocks, the world’s famous trusted digital asset infrastructure company securing more than $5 trillion in digital asset transfers annually, is pleased to announce its groundbreaking unification with Thales, a global leader in advanced technologies for the Defense, Aerospace, and Cyber and Digital sectors. The primary purpose of this collaboration is to establish a security perimeter
Goldman Sachs announced in its 13F filing for the fourth quarter of 2025 (Q4 2025) that it holds a total of $2.36 billion in crypto assets in its portfolio. The bank stated that crypto investments constitute approximately 0.33% of its total portfolio. According to the data released, the portfolio includes $1.1 billion in Bitcoin, $1
Concerns that Strategy (MSTR) will be forced to sell bitcoin $BTC$68,882.90 amid falling prices are “an unfounded concern,” chairman Michael Saylor said during a CNBC interview, affirming the company’s commitment to ongoing purchases. “Our net leverage ratio is half the typical investment grade company,” Saylor said. “We’ve got 50 years worth of dividends and bitcoin,
Strategists at State Street, one of the world’s largest asset managers, say the US dollar’s worst run in nearly a decade could deepen if the Federal Reserve eases policy more aggressively than markets expect, which is a distinct possibility following a possible leadership change at the central bank. Speaking at a conference in Miami, State
The European Union Parliament showed its first support for the launch of the digital euro on Tuesday. The Parliament endorsed the European Council’s call for a central bank digital currency with both online and offline functionality. The parliamentary decision comes as two amendments were added to the European Central Bank’s annual report shortly before the