The video retailer sparked speculations of selling bitcoin after it transferred nearly all its coins to Coinbase Prime in January. What to know: GameStop’s (GME) massive, $420 million bitcoin transfer earlier this year was not an exit – but it’s not holding the coins anymore either. In its annual report filed Tuesday, the video […]
The race for the “everything exchange” makes Wall Street operators and crypto exchanges rivals and partners at the same time. What to know: Wall Street’s biggest exchanges are embracing digital assets by aiming to put the $126 trillion equity market on blockchains — but they are not going at it […]
The SEC’s approval lets Nasdaq test blockchain-based versions of stocks that trade and settle like traditional shares. What to know: The U.S. Securities and Exchange Commission (SEC) approved on Wednesday Nasdaq’s proposal to allow certain securities to trade in tokenized form, a significant milestone to integrate blockchain tech into U.S. equity markets. […]
Stress in the $3.5 trillion private credit market could ripple into digital assets through both macro contagion and tokenized credit markets, experts warn. What to know: Cracks in the global private credit market are rattling investors, raising concerns the stress could spill into crypto markets. Bloomberg reported Friday that BlackRock’s $26 billion […]
The firm behind the $183 billion USDT stablecoin is expanding beyond its crypto roots to longevity and artificial intelligence. What to know: Tether, the crypto firm behind the most popular stablecoin USDT, has invested $50 million in sleep technology startup Eight Sleep at a $1.5 billion valuation, according to a Wednesday […]
The companies plan to expand global access to tokenized gold and allow the buying of bullion with Tether’s stablecoins. What to know: Tether, issuer of the world’s most popular stablecoin, has acquired a $150 million minority stake in Gold.com (GOLD), deepening its push into the gold market just as the […]
Digital bank Klarna’s stablecoin, issued by Stripe’s Bridge on top of the upcoming Tempo blockchain, is set to debut next year. What to know: Klarna, the Sweden-based digital bank known for its “buy now, pay later” offering, said Tuesday that it will debut a U.S. dollar stablecoin, becoming the latest global fintech […]
Blockchains won’t replace the traditional rails but will be integrated and work in tandem, the bank said in the report. What to know: Stablecoins and other forms of tokenized cash could grow to $3.6 trillion by 2030, according to a fresh report released by financial services giant BNY. The financial […]
Crypto prices were down sizably on Tuesday but bounced off of their worst levels. What to know: Crypto markets posted big declines on Tuesday, but signs of relief from the Federal Reserve helped prices bounce off their worst levels. A late day Truth Social post from President Trump reminded bulls […]
Most of the capital will be used to acquire tokenized gold reserves, aiming to build a publicly verifiable, blockchain-native treasury What to know: Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on, the gold-backed tokens of stablecoin giant Tether. The […]