The Iranian rial has collapsed in value to its weakest level ever recorded, sparking protests and political turmoil across the country. Experts cite that this situation is unlikely to improve any time soon, as a clear path forward for the country’s economic revival is uncertain. Iran is facing an economic crisis, driving levels of societal
Strong inflows into US-listed spot Bitcoin exchange-traded funds (ETFs) continue to gain momentum. According to the latest data, spot Bitcoin ETFs recorded high net inflows for the third consecutive day, surpassing a total of $1.7 billion. This trend, indicating a renewed interest of institutional investors in crypto assets, has boosted optimism in the market. According
Key Takeaways State Street is expanding into digital assets with a new suite of tokenized products, including money-market funds, ETFs, tokenized deposits, and stablecoins. The firm has shifted from its traditional back-office roles toward active product development within digital assets. Major custody bank State Street plans to launch tokenized deposits, stablecoins, money-market funds, and ETFs
Key Takeaways US initial jobless claims came in at 198K, beating expectations of 215K and marking a drop from the prior week’s revised 207K. Markets climbed on the report, with the S&P 500 up 0.5% and the Nasdaq gaining over 1%, as the labor data reinforced bets on steady Fed policy. US initial jobless claims
Key Takeaways BlackRock reported $14 trillion in assets under management (AUM) for 2025, driven by a record-breaking $698 billion in net inflows. BlackRock CEO said that the firm is at the forefront of high-growth areas, including private markets, wealth management, active ETFs, and digital assets. In its fourth-quarter earnings release on Thursday, BlackRock announced that
Bank of America CEO Brian Moynihan said his bank will be “fine” if stablecoins become a larger part of mainstream finance, but warned that the broader banking system could be harmed by the “possibility of $6 trillion in deposits” moving into stablecoins and stablecoin-linked products offering yield-like returns, as these could reduce lending capacity and
Mike Novogratz’s Galaxy Digital (GLXY) shares are up 4% in U.S. trading Thursday morning after the firm secured approval to add 830 megawatts of power capacity at its Helios data center campus in West Texas. The expansion, approved by Texas’s electric grid operator ERCOT, follows the completion of a required large-load interconnection study and more
Bitcoin’s BTC$95,956.03 rally stalled on Thursday, with the largest cryptocurrency quickly falling back below $96,000 as key U.S. digital asset legislation hit a roadblock late Wednesday. The decline followed bitcoin’s multi-day rise this week, which peaked at just shy of $98,000 on Wednesday. Crypto-related stocks were sharply lower in concert. Coinbase (COIN), Circle (CRCL) and
Il Capo of Crypto, a well-known cryptocurrency analyst, shared his new views following the recent surge in Bitcoin’s price. Having risen by approximately 8% in the last three days, the price of BTC is currently trading around $97,000 at the time of writing. Analyst il Capo argued that a pullback from the current level is
Nikita Bier, X’s Product Leader and Solana ecosystem consultant, shared a graph showing the most searched Cashtags on the platform. Data covering the period from December 1, 2025, to January 14, 2026, revealed that user interest was concentrated in both cryptocurrencies and publicly traded stocks in the US. According to the shared data, the top