Latest Business News, Market Insights & Global Economy Updates
Ripple is expanding its Middle East footprint through a new partnership with Bahrain Fintech Bay, the Kingdom’s main fintech incubator and ecosystem platform, as part of its push to integrate blockchain and stablecoin infrastructure into regulated financial markets. The move builds on Ripple’s Dubai Financial Services Authority (DFSA) license obtained earlier this year and underscores…
KAIO, the tokenization firm backed by Brevan Howard and Nomura Bank’s crypto-focused Laser Digital, is bringing its tokenized funds to the Sei network (SEI) as real-world asset demand is expanding. The firm, formerly known as Libre Capital, has issued over $200 million in assets, including token versions of feeder funds of Brevan Howard, Hamilton Lane,…
U.S. banking titan Morgan Stanley’s Global Investment Committee (GIC) recommends an allocation of up to 4% of portfolios to cryptocurrency, according to an Oct. 1 note. The 4% allocation is at the top end of GIC’s recommendations, pertaining to investors seeking “opportunistic growth,” according to the note, shared on X by Bitwise CEO Hunter Horsley…
Bitcoin has sustained its rally above $123,000, which it broke on Friday, finishing week 39 up 10% for its best weekly performance of the year, according to CoinDesk market data. Crypto stocks with exposure to Artificial Intelligence (AI) and High-Performance Computing (HPC) are doing better than their peers that lack the same exposure. Cipher Mining…
Aave AAVE$285.62, the native token of the largest decentralized finance (DeFi) lending protocol, strongly rebounded from last week’s lows breaking through key resistance levels on Friday afternoon. The token gained another 2% over the past 24 hours and is up 6% this week. It has established support at the $284-$285 levels, while it’s currently consolidating…
Samsung is teaming up with Coinbase to give 75 million Galaxy device owners in the U.S. access to the exchange’s priority trading service, making it the largest single consumer distribution Coinbase has executed, and Samsung Galaxy’s biggest crypto bet to date, the companies said. The Samsung Wallet will allow Galaxy owners access to the Coinbase…
Though the U.S. Commodity Futures Trading Commission’s Acting Chairman Caroline Pham has been blazing forward on crypto-friendly policy, even as she has one foot out the door, the White House is working quickly to find a permanent successor after abandoning President Donald Trump’s first choice. Trump nominee Brian Quintenz, a former commissioner, was dropped recently,…
Thailand’s market regulator says the country is working on expanding its exchange-traded funds (ETFs) plans beyond bitcoin BTC$120,394.84, Bloomberg reported on Thursday. The country’s Securities and Exchange Commission (SEC) will allow local mutual funds and institutions to issue such funds under rules, SEC secretary-general Pornanong Budsaratragoon said, according to the report, citing an interview on…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 4138.75, up 3.5% (+140.63) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: NEAR (+7.6%) and APT (+7.0%). Laggards: BTC (+2.3%) and AVAX (+2.8%). The…
Bakkt (BKKT) may have surged 170% in just two weeks, but one Wall Street firm says the rally hasn’t erased the stock’s upside potential. Broker Benchmark raised its price target on the crypto infrastructure company to $40 from $13, while reiterating its buy rating on the stock. The shares were 2% higher in early trade,…
