U.S. President Donald Trump's pro-cryptocurrency agenda has set off a ripple effect, with demand for bitcoin surging in the Japanese market and a hotelier switching to stockpiling it, delivering eye-popping returns for shareholders. Shares of Metaplanet Inc. have rallied more than 4,000 percent in the past 12 months, the biggest gain in the Japanese stock market over the same period and one of the highest gains in the world, according to data. Bitcoin hit a record high, although it has pulled back due to global uncertainty over Trump's trade policies. Metaplanet is one of many companies around the world that have succeeded in imitating MicroStrategy (MSTR. O), which has turned into a leveraged bitcoin broker and behemoth after amassing more than $45 billion in bitcoin. ( Gold Ten)
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DigiFT, a Singapore-based crypto trading platform, has announced that it will launch the world's first index fund to fully tokenize fund shares and their underlying stocks and trade them on-chain, initially only open to accredited and institutional investors. DigiFT has partnered with investment house Hash Global to launch two index funds: one tracking leading companies in the field of artificial intelligence (e.g. Apple, Tesla, Microsoft) and the other tracking mainstream crypto assets (e.g. Bi...
U.S. stocks opened higher and moved higher, with the three major indexes closing higher collectively. The Nasdaq rose 2.27%, the S & P 500 rose 1.76%, and the Dow rose 1.42%. Tesla rose nearly 12%, its biggest one-day gain since November 7 last year. Nvidia, Amazon, Meta rose more than 3%, Google rose more than 2%, Apple, Netflix rose more than 1%, Microsoft rose slightly; Intel fell slightly. AMD closed up nearly 7%, its best one-day performance since February 2024.
The Dogecoin Foundation has officially launched the "Official Dogecoin Reserve" through its newly established commercial entity, and has completed the purchase of the first 10 million DOGEs. The initiative is a joint initiative between the Foundation and House of Doge to demonstrate the viability of DOGE as an efficient payment tool. House of Doge said the reserve is a'proof of concept 'for the Dogecoin payment scenario. House of Doge is expected to announce the first strategic partners in the c...
CPIC Investment Management, a Hong Kong-based subsidiary of China Pacific Insurance (CPIC), has announced the launch of a US dollar money market fund (MMF) based on HashKey Chain, open to professional and institutional investors with an initial subscription of US $100 million. The fund invests in US dollar-denominated short-term fixed income assets and money market instruments. The PAC provides token issuance services, and Standard Chartered is responsible for registration and fund management.
On March 25, Atlanta Federal Reserve President Bostic said in an interview that he now expects only one interest rate cut this year. This is lower than the two rate cuts he had previously expected. Bostic said he changed his forecast because he thought inflation would be "very bumpy" this year. He also said that businesses are starting to expect inflation to rise.
Federal Reserve Bostic: I hope that the current reduction of the balance sheet will be maintained until the reduction of the balance sheet is completely stopped. To ensure that the Federal Reserve does not go too far, it is appropriate to slow the pace of balance sheet reduction.
According to mempool data, two hours ago, an independent bitcoin miner successfully packaged block 889,240 and received a reward of 3.294 BTC blocks, which is about $289,000.