Japan’s central bank held interest rates steady at 1.0% on Friday after a reported major intervention in the yen. Key points: Japan …
Finance
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Finance
Citadel buys bulk of Situational Awareness stock portfolio after AI rout: Reports
by shayaanby shayaanKen Griffin’s Citadel reportedly bought a large proportion of the public stock portfolio of Situational Awareness, the hedge fund founded by former …
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Finance
How Will the Fed’s Hawkish Messages Affect Bitcoin? Experts Point to Liquidity Pressure! Here Are the Details
by shayaanby shayaanDespite the US Federal Reserve keeping interest rates unchanged, its continued “hawkish” stance on monetary policy could continue to put pressure on …
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Finance
Spot Bitcoin ETFs See Net Inflows of $32.1 Million, Ethereum ETFs Experience Outflows! Here Are the Details
by shayaanby shayaanSpot cryptocurrency exchange-traded funds (ETFs) traded in the US showed a different picture in terms of investor activity. According to SoSoValue data, …
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Finance
Robinhood CEO Vlad Tenev Says Trump Administration Crypto-Friendly, But Regulatory Clarity Needed So That the Floor Doesn’t Shift ‘Every Four Years’
by shayaanby shayaanLegislation Brings Regulatory Stability, Says Tenev During the company’s second-quarter earnings call, Tenev said that while the Trump administration has been “great” …
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Japanese game developer Gumi said it will begin operating a 3 billion yen (about $18.3 million) crypto asset fund on Saturday with …
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Spot decentralized exchange (DEX) trading volume has slumped to one of its weakest levels in nearly two years, a slide that has …
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Finance
Following the Fed’s Interest Rate Decision and Kevin Warsh’s Remarks, Experts Gathered and Shared Their Latest Insights
by shayaanby shayaanThe fact that three members opposed the Fed’s decision to keep interest rates unchanged strengthened expectations that a more independent and divergent …
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Finance
Tether Sheds $5.5 Billion in USDT Supply as Stablecoin Turnover Hits a Record Pace
by shayaanby shayaanStablecoin Issuers Lose $7.7 Billion in June as Transaction Volume Jumps 63% Stablecoin supply is shrinking for the first time in years, …
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Finance
Fed’s Limited Payment Account Offers No Real Alternative to Master Accounts
by shayaanby shayaanAnchorage Digital, a federally chartered crypto bank, has publicly stated that the U.S. Federal Reserve’s recent proposal for a limited-purpose payment account …