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Chinese internet giants, state-owned enterprises and financial institutions operating in Hong Kong may face restrictions on stablecoin and crypto activities.According to a Thursday report by local news outlet Caixin, mainland Chinese firms operating in Hong Kong may be forced to withdraw from crypto…
Goldman Sachs CEO David Solomon has shot down the notion that the US Federal Reserve will cut interest rates by 50 basis points in September, just days after Standard Chartered Bank made the aggressive forecast.“Whether or not we have a 50 basis cut, I don’t think that’s probably on the cards,” Solo…
Shares in the marketing firm Asset Entities (ASST) rose 52% in after-hours trading on Tuesday after its shareholders approved a merger with Vivek Ramaswamy’s Strive Enterprises to form a Bitcoin treasury company.Asset Entities said on Tuesday that a “strong majority” of shareholders voted for the me…
Two major global banks — BNP Paribas and HSBC — have joined the Canton Foundation, the development organization of the tokenization-focused Canton Network, underscoring continued institutional interest in real-world asset applications of blockchain technology.The foundation announced Tuesday that BN…
The United States’ first memecoin exchange-traded fund (ETF) is set to debut on Thursday, marking the latest step in the expansion of regulated crypto products after the successful rollout of Bitcoin and Ether funds last year.In a social media post on Tuesday, Bloomberg ETF analyst Eric Balchunas sa…
Key takeaways:The US Labor Department revised payrolls down by 911,000 jobs, the largest cut in history, signaling deep labor market weakness.The revision strengthens expectations of a Federal Reserve rate cut even though inflation is still elevated.Bitcoin may mirror gold’s rally and regain momentu…
Ripple, the US blockchain firm behind the XRP cryptocurrency, will provide crypto custody services to Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA).According to a Tuesday announcement, Ripple’s agreement to provide crypto custody services to BBVA follows the bank’s recent announcement of its B…
Key points:Bitcoin revisits $113,000 before Tuesday’s Wall Street open amid talk of a new gold copycat move.That level becomes a recommendation for long entries, but not everyone is bullish.Liquidity conditions show a $115,000 short squeeze in the making.Bitcoin returned to $113,000 on Tuesday as t…
NFT marketplace turned trading platform OpenSea on Monday said it launched a $1 million reserve dedicated to buying “culturally relevant" non-fungible tokens (NFTs).OpenSea kicked off its NFT reserve by buying a piece of digital art from the CryptoPunk collection — widely considered Ethereum's first…
SwissBorg, a Switzerland-based crypto wealth management platform, said hackers exploited a vulnerability in the API of its staking partner Kiln, draining about 193,000 Solana tokens from its Earn program. The SwissBorg app and other Earn products were not impacted by the hack, the company wrote in a…
MegaETH, an Ethereum layer-2 protocol backed by Vitalik Buterin, announced the upcoming launch of a yield-bearing stablecoin that might give it a different business model than traditional L2s, which drive revenue through transaction fees.The stablecoin, USDm, is being developed in partnership with E…
Hackers have only managed to steal $50 worth of crypto from a massive supply chain hack affecting JavaScript software libraries, industry security researchers say.Crypto intelligence platform Security Alliance shared the findings on Monday after hackers broke into the node package manager (NPM) acco…