Bloomberg strategist doubles down on $10,000 bitcoin call but peers say it would take a nuclear war to get there
The longtime bitcoin bear’s gloom-and-doom call met with fierce rebuttal from industry analysts.
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Crypto-friendly fintech Revolut gains full UK banking license
The move is a major step in Revolut’s goal to become a global digital bank. Services like crypto and stock trading remain separate.
Prepare for an ‘extreme’ stock rally, banking giant warns
American banking giant Goldman Sachs’ trading desk has stated that hedge fund positioning in U.S. equities could set the stage … Continue reading
The post Prepare for an ‘extreme’ stock rally, banking giant warns appeared first on Finbold.
Stablecoins won’t get any kind of deposit insurance under GENIUS rules, says FDIC chief
The chairman of the U.S. Federal Deposit Insurance Corp. made clear that even pass-through deposit insurance won’t be allowed from third-party firms.
Crypto Long & Short: AI agents choosing denationalized money
In this week’s Crypto Long & Short Newsletter, Sylvia To on AI agents choosing denationalized money.
Wells Fargo signals deeper push into crypto, filing trademark for WFUSD
The move mirrors JPMorgan’s similar trademark filing that foreshadowed the bank’s introduction of tokenized deposits on Ethereum layer-2 network Base.
European Central Bank unveils tokenized finance plan to bolster EU’s financial autonomy
The Appia roadmap for a euro-based tokenized financial system is part of the European Union’s push to reduce reliance on foreign financial infrastructure.
Ripple to acquire Australian financial services license as APAC payments volume doubles
The company plans to obtain the license through the acquisition of BC Payments Australia, expanding its regulated footprint to over 75 licenses worldwide.
Bitcoin steady above $70,000 as IEA proposes largest-ever oil reserve release
The largest cryptocurrency gained 7% from Monday’s lows as energy price fears eased, with Asian equities rising 1.8% and Brent crude dropping below $90 for the first time since the war began.
XRP Ledger transactions jump to 2.7M as price stays rangebound
Traders are watching whether support near $1.34 holds after repeated rejection near $1.44.