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Crypto Bank Anchorage Adds Custody for Solana-Based Tokens

6.8.2024
Anchorage began adding custody support for Solana-based tokens in 2022 and only added staking support last year

US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact

6.8.2024
On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with a deficit of $461.98 million, primarily due to significant outflows from...

Egyptian AI Startup Gets $2M for GCC, Africa Expansion

6.8.2024
Egyptian artificial intelligence firm Synapse Analytics has secured $2 million to expand into the Gulf Cooperation Council region and Africa. The company has partnered with major banking product providers such as AWS, Crealogix, and TUMM. Using AI to Simplify Access to Finance The Egyptian...

Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed

6.8.2024
Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September Federal Open Market Committee (FOMC) meeting. The...

Crypto critics file updated campaign finance complaint against Coinbase

6.8.2024
The complainants and Coinbase disagree on whether a government contract to custody seized crypto breaches campaign finance laws or not

Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program

6.8.2024
Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate...

Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

6.8.2024
Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation...

Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account

5.8.2024
Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means we are allowed to offer our banking services...

Crypto-Related Stocks Slide Amid Global Market Turmoil

5.8.2024
U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with Japan’s Nikkei suffering significant losses. By 11:15 a.m. EDT on Monday, the five major U.S. stock indices had fallen between 2.5% and 4.5%. This market turmoil has extended...

Whales prepare for next altcoin rally, DeFi is ‘waking up’ — Finance Redefined

5.8.2024
Crypto whales are positioning themselves for the next “altcoin season,” while DeFi loans are seeing a resurgence back to 2022 highs

Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges

5.8.2024
The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday's crypto market sell-off

Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups

4.8.2024
The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability

Blockchain and Nation-State Infrastructure: Why Bother?

4.8.2024
We listen to talk after talk about crypto finally achieving asset-class legitimacy, but truly speaking, the encroachment of Wall Street giants into the blockchain space is a double-edged sword. The following is an opinion editorial written by Karel Kubat, Founder of Union Labs. As blockchain...

Canza Finance Partners With Stablecoin Issuer to Bring Efficient Financial Solutions to Africa

4.8.2024
Canza Finance has partnered with stablecoin issuer WSPN to provide secure and efficient financial solutions to users in Africa and other emerging markets. With the integration of WUSD into Canza Finance’s ecosystem, African users will be able to smoothly convert fiat currencies to the WUSD...

BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says

4.8.2024
The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed. The initiative, named BRICS Bridge, aims to establish an independent financial system. This system could mitigate dependency on Western...

Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report

3.8.2024
Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s Ishares Bitcoin Trust and Fidelity’s Wise...

Grayscale’s ETHE Hemorrhages $2 Billion in Just 9 Trading Days

3.8.2024
On Friday, U.S. spot ethereum exchange-traded funds (ETFs) faced $54.27 million in outflows, a stark contrast to Thursday’s net inflow of $26.7 million, as indicated by recent data. Meanwhile, Grayscale’s Ethereum Trust (ETHE) has seen a reduction of over $2 billion in ethereum since...