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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...

Lido launches institutional-grade liquidity staking solution

2.8.2024
The biggest ETH liquid staking protocol has enhanced its offering for large investors, many of whom are already its customers

MicroStrategy Bull Doubles Down on The Stock by Raising Price Target to Wall Street High

2.8.2024
The broker raised its year-end price target for the software company to $2,150 from $1,875

Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC

2.8.2024
The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million

Nintendo Plans To Sell Over 10 Million More Switches But No One Knows How

2.8.2024
The Switch is in its eighth year. That’s longer than any Nintendo system has gone without getting a successor. But the company is still bullish on the hybrid console’s future even as fans wait to hear about a Switch 2 as soon as this September. Nintendo is planning to sell over 12 million...

Hong Kong's Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report

2.8.2024
For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."

Study: Surge in Popularity of Liquid Restaking Token Protocols Driven by Growing User Trust

2.8.2024
The surge in the total value locked and adoption of liquid restaking tokens increased from approximately $164.3 million in January to $13.812 billion by June 20, underscoring the growing trust in them. As was the case in January, Ether.fi remains dominant in the LRT market, accounting...