Explore the intersection of cryptocurrency and traditional finance with the latest news, analysis, and insights on digital assets and global markets.
Finance
Franklin Templeton, a prominent global asset manager, has expanded its tokenized U.S. Treasury fund to European institutional investors. The Franklin OnChain U.S. Government Money Fund, now domiciled in Luxembourg, is the first of its kind in the region to invest in U.S. government securities through full tokenization.
Finance
Standard Chartered’s Hong Kong branch has partnered with Animoca Brands and Hong Kong Telecommunications (HKT) to launch a stablecoin pegged to the Hong Kong dollar (HKD). The collaboration marks a significant step in positioning Hong Kong as a leader in the regulated digital asset space. A Strategic Alliance for
Finance
The streak of five consecutive weeks of inflows into crypto investment products from major asset managers like BlackRock, Fidelity, and Grayscale ended with $415 million in net outflows, according to CoinShares data. Why the Outflows? CoinShares Head of Research James Butterfill attributed the shift to: * Fed Chair Jerome Powell’s
Finance
Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, has purchased $436.9 million worth of BlackRock’s spot Bitcoin ETF (IBIT), marking a significant investment into digital assets, according to a Friday SEC filing. Strategic Investment Tied to BlackRock’s Expansion The investment occurred shortly after BlackRock obtained a
Finance
Gaorong Ventures, a prominent Chinese venture capital firm, has invested $30 million into HashKey Group, the operator of Hong Kong’s largest licensed crypto exchange. The deal values HashKey at a post-money valuation of approximately $1.5 billion, signaling growing institutional interest in the crypto sector despite regulatory hurdles in
Finance
Barclays, the global investment bank and financial services giant, has revealed a significant new position in BlackRock’s U.S. spot Bitcoin exchange-traded fund (ETF), IBIT. According to its Q4 2024 13F filing with the Securities and Exchange Commission (SEC), the firm now holds 2,473,064 shares valued at
Finance
Hashdex Asset Management Ltd., a prominent global crypto-focused asset manager, has introduced the Hashdex Nasdaq Crypto Index US ETF (NCIQ) on the Nasdaq Stock Market. This marks the first multi-asset spot crypto exchange-traded product available to U.S. investors, providing direct exposure to both Bitcoin (BTC) and Ether (ETH) through
Finance
Coinbase Global Inc. has reported a significant surge in revenue and profit for the fourth quarter of 2024, attributing the growth to a renewed interest in digital assets following the Trump-inspired crypto market rally. Record-Breaking Financial Performance The company’s revenue soared to $2.27 billion, far exceeding the $1.
Finance
Inflationary pressures at the wholesale level accelerated more than anticipated in January, raising concerns among investors and policymakers hoping for a slowdown in price growth. The Producer Price Index (PPI)—which measures price changes from the perspective of sellers—rose 0.4% in January, exceeding economist expectations of 0.3%
Finance
Robinhood, the popular commission-free brokerage, has reported a staggering 400% year-over-year increase in crypto trading volume, reaching $70 billion in Q4 2024. The surge reflects a renewed interest in digital assets amid Bitcoin’s rise to $100,000 and heightened market activity ahead of the U.S. presidential elections. Crypto
Finance
Franklin Templeton, a leading asset manager making significant strides in crypto and blockchain technology, has announced the expansion of its Franklin OnChain U.S. Government Money Fund (FOBXX) to Solana. This move marks the latest blockchain integration for FOBXX, reinforcing the firm's commitment to tokenized investment products. FOBXX:
Finance
Investment banking giant Goldman Sachs has significantly increased its exposure to spot Bitcoin exchange-traded funds (ETFs), boosting its total holdings to $1.5 billion by the end of Q4 2024, according to its latest 13F filing submitted Tuesday. Goldman Sachs Doubles Down on Bitcoin ETFs As of December 31, 2024,