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...
Major shareholder ARC Global Investments has sold almost all of its stake in the media company, according to a regulatory filing by Trump Media Technology Group revealed by CNBC. ARC and its manager, Patrick Orlando, now hold about 0.01 percent of the shares, down from more than 5 percent or more than 11 million shares in September. Orlando served as CEO of Digital World Acquisition, a blank check company that helped Trump Media go public. He closed the deal this year...
According to a public court filing on November 14, Mr. Musk vetoed OpenAI's ICO plans in 2018. Mr. Musk and his legal team said the founders of OpenAI, Sam Altman and Greg Brockman, wanted to launch tokens in early 2018 to help make the company profitable. At the time, Mr. Musk said, "This will only lead to a huge loss of credibility for OpenAI and everyone involved in the ICO". OpenAI was originally a non-profit organization, and Musk joined OpenAI as co-chairperson of the board.
In a market report, David Lawant, head of research at FalconX, pointed out that if the US election is too suspenseful, volatility in the crypto market will also rise. Lawant pointed out that the cryptocurrency market has been "without direction" since April, and once the US election is over, traders will breathe a sigh of relief as it will clear the way for the market. Lawant stressed that although investors are hoping for a "positive result" regardless of which party wins the US election on Nov...
World Liberty Financial (WLFI), the Trump family's crypto project, has slashed its fundraising goal after its token sales fell significantly short of its original target, according to a regulatory filing. The company now plans to raise up to $30 million from investors, a 90 percent reduction from the $300 million World Liberty Financial initially sought.
According to a public filing, Canary Capital filed a Solana ETF application with the SEC. It is the second company to apply for a Solana ETF after VanEck & 21Shares. According to the filing, the fund wants to "provide exposure to the Solana ('SOL') price held by the trust". Custodian and administrator information was not disclosed. Canary Capital has previously filed registration statements for the spot Litecoin ETF and XRP ETF.