According to Coindesk, Standard & Poor's Global Ratings said in a report on Wednesday that the lack of regulation of stablecoins in the United States is one of the main obstacles to the adoption of the currency. Analysts led by Mohamed Damak pointed out that the lack of regulation is one of the main obstacles to the adoption of stablecoins in the United States and hinders the wider institutional adoption of stablecoins. Stablecoins will play an increasingly important role in on-chain transaction...
According to a draft document, the G7 is considering lowering the Russian oil price cap in order to put pressure on Russia to reach a ceasefire as soon as possible. Click to view...
According to a public regulatory filing, the New York Stock Exchange submitted a proposal to the SEC to allow grey release of Ethereum ETFs as collateral.
The Cboe BZX exchange has filed a Form 19b-4 proposal to allow the 21Shares Core Ethereum exchange-traded fund (ETF) to pledge Ethereum, pending further action from the Securities Exchange Commission (SEC). According to the document, the exchange plans to amend some of the terms of Eth ETP Amendment No. 2 to allow the trust's holdings of Ethereum to be pledged. Bloomberg ETF analyst James Seyffart pointed out that this is the first time it has filed with the SEC...
A new report from the Security Token Market predicts that asset tokenization will reach $30 trillion by 2030, led by stocks, real estate, bonds, and gold. The report argues that if the United States has the right attitude towards cryptocurrencies, Congress will introduce new legislation to ensure that the market has clarity on the classification of tokens (official taxonomy) and the structure of the stablecoin market.
TikTok leadership said in an internal memo that it plans to continue paying U.S. employees even if the U.S. Supreme Court does not overturn laws that force the sale of U.S. TikTok or ban TikTok in the U.S. TikTok has 7,000 employees in the U.S., according to market sources.
According to a public regulatory filing, the SEC has delayed the decision to apply for the conversion of the Bitwise 10 Crypto Index Fund (BITW) into an ETF until late July. This means that it will still take longer for the Bitwise ETF to be approved. In addition, Bloomberg ETF analyst James Seyffart pointed out that the next deadline for the grey release's GDLC is February 2. Delays are also expected.
MoonPay said in a Dec. 30 notice that the Dutch financial marekt authority has granted the cryptocurrency firm a license under the European Union Crypto Asset Market Regulation Act (MiCA) to operate as a licensed crypto business in the Netherlands.
The Federal Reserve could cut interest rates more than market expectations in 2025 as inflation falls and unemployment rises, economists at Paidenreiger Asset Management said in a note on the economic outlook. They said the Fed's preferred measure of core inflation could fall below 2 per cent sometime in 2025, while the US unemployment rate could reach 4.4 per cent or higher by the end of 2025. They also said the Fed could "easily" cut rates by more than the 20 per cent that US money markets cur...
The team behind Meme Coin HAWK, linked to Internet celebrity Haliey Welch or "Hawk Tuah Girl", has been sued by investors for alleged violations of securities laws, according to a court filing. HAWK acted like an unregistered security, attracting first-time cryptocurrency investors who subsequently suffered "substantial losses" after the token fell, the lawsuit claims. The 12 plaintiffs who invested in HAWK, who suffered a total of $151,000 in financial losses, filed a lawsuit and asked for a ju...
A court filing revealed that a team of FTX creditors successfully recovered about $14.50 million in November through a small claims settlement, mainly from previous political donations. The recovered funds include $6 million from the House Majority PAC and $3 million from the Senate Majority PAC. In addition, the Forward Action Fund, Mindthe Gap and American Road People also returned more than $1 million each. FTX executives launched donations to nearly a third of members of Congress, and SBF hi...
Will the last blockbuster data before the Federal Reserve's annual closing meeting shake the expectation that the Federal Reserve will cut interest rates again? Investment banks said that this inflation report may confirm that the process of US inflation falling has stalled, and can the dollar index set sail again as a result?
Ahead of November's CPI data, a new report says the leadership of the US Bureau of Labor Statistics is responsible for a series of missteps this year that have put the agency under scrutiny. However, the report by a team of experts from government and the private sector says these...
Citi GPS released a report, Finance 2030, which explores the future direction of the corporate finance function. A survey found that 93 per cent of corporate treasurers surveyed believe there will be significant changes to the corporate finance function in the next three to five years, but more than half are unsure how these changes will be. The report points out that artificial intelligence (AI) and distributed ledger technology (DLT) are...
According to an S-1 filing with the Securities Exchange Commission (SEC), WisdomTree has filed an application with the SEC for the WisdomTree XRP Fund, an exchange-traded fund (ETF) that issues beneficial common shares to be listed on Cboe BZX Exchange, Inc., under the ticker symbol "TICKER." The investment objective of the trust is to obtain exposure to the XRP price, less the fees and liabilities of the trust's operations. Bank of New York Mellon ("BNYM") acts as administrator of the trust, fu...