Hashdex to shut smallest Bitcoin ETF after more than two years
The spot price Bitcoin exchange-traded fund, which was never able to attract more than $18 million in net assets, will pay out investors and sell its 225 BTC in the coming weeks.
Finance
XRP Holders Can Now Borrow Ripple's RLUSD on Ethereum Without Selling Their Crypto
Announced on Monday by layer 1 blockchain developer Flare, the integration lets users convert XRP into Flare's FXRP token, bridge it to Ethereum, deposit it as collateral on the Morpho lending protocol, and borrow RLUSD…
Kenya moves 30 million academic credentials onto Avalanche blockchain
A new digital verification platform aims to reduce forged certificates by allowing employers and universities to authenticate academic records onchain.
OILT Surges 12.5% in July as Texas Energy Outperforms
The Texas Capital Texas Oil Index ETF (OILT) climbed 12.5% in July, outpacing both broad market equities and energy sector peers. During the month, the State Street SPDR S&P 500 ETF Trust (SPY) held steady, while the St…
Singapore Dollar: Upside bias capped against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD slipped to 1.2809 but closed near 1.2821, with intraday bias still pointing lower. However, he highlights 1.2790 as significant support that may hold unless mome…
Gold slips as USD rebounds, strong ISM data clouds Fed path
Gold (XAU/USD) price retreats on Monday as the US Dollar (USD) recovers some ground, even though hostilities in the Middle East paused at the request of Iran and other Middle Eastern countries, according to US President…
BlackRock Files With SEC to Issue Tokenized Fund Shares on Solana
BlackRock has filed with the SEC to issue tokenized fund shares on Solana, marking one of the clearest signals yet that the world’s largest asset manager is moving deeper into blockchain-based finance.
Gold Faces a Real-Yield Wall as September Hike Odds Rise
December gold futures opened at $4,135.20 per troy ounce Monday, up 0.7% from Friday’s settlement, then rolled over inside two hours. By 7:58 a.m. ET the contract had slipped to $4,111.50. Spot metal traded $4,045.55 at…
Mexican Peso outpaces broad US Dollar strength ahead of Banxico’s rate decision
The Mexican Peso (MXN) gains ground against the US Dollar (USD) on Monday as risk appetite increases the carry-trade appeal of the emerging-market currency, while traders await the release of the Bank of Mexico (Banxico…
Trump-linked American Bitcoin president Matt Prusak departs for Giga Energy
Matt Prusak, president and interim chief financial officer of Trump-linked bitcoin miner American Bitcoin (ABTC), is leaving the company to join AI and energy infrastructure developer Giga Energy, marking another senior…
July Fed Meeting Strengthens Case for Short Duration Bonds
Advisors and investors of all kinds are used to closely watching the outcome of each of the Federal Reserve’s meetings, given how critical interest rates are to equity and fixed income markets alike. However, the recent…
U.S. manufacturing sector activity accelerates to over four year high in July
The July flash PMI came in at 53.6, beating the 52.2 estimate, marking the composite index's strongest reading in eight months, and pointing to annualized GDP growth of roughly 2%. But the number that should sit at the …
Trump Sons’ American Bitcoin Reports $57.2M Q2 Loss, Yet Adds 8,000 BTC to Treasury
American Bitcoin posted a $57.2 million quarterly loss while expanding its Bitcoin treasury beyond 8,000 BTC.
U.S.-Japan intervention revives yen carry trade fears for bitcoin
U.S. Treasury Secretary Scott Bessent confirmed Sunday that the U.S. joined Japan in coordinated foreign exchange intervention last Friday, calling it a move to counter "disorderly yen movements." The USD/JPY pair almos…
XRP Price Holds $1 Support as Ripple Expands Digital Capital Markets With ZILO, Licuido Investments
The post XRP Price Holds $1 Support as Ripple Expands Digital Capital Markets With ZILO, Licuido Investments appeared first on Coinpedia Fintech News
Tom Lee's Bitmine bought more ether, added to stock buyback last week
Bitmine Immersion (BMNR), the largest Ethereum treasury company, bought 10,399 ether (ETH) during last week as Chairman Tom Lee pointed to ether's strongest monthly performance against the Nasdaq in a year as evidence t…
Ford models face safety risk from timing belt failures, NHTSA says
Vehicles made by 19 different automakers (34 brands) have been recalled to replace frontal airbags on the driver’s side or passenger’s side, or both in what the National Highway Traffic Safety Administration has called …
AstraZeneca investors balk at prospect of $400 billion Bristol Myers pharma deal
A potential combination would create the world's largest pharmaceutical company by revenue.
Crypto Privacy Tools Serve ‘Essential Protective Functions’: Report by ChangeNOW, CoinRabbit
Crypto privacy tools serve “essential protective functions” that restore a measure of financial privacy that has always existed in TradFi, according to a new report from non-custodial crypto platform ChangeNOW and digit…
Bitcoin edges lower below $63k as Coldcard hack overshadows U.S.-Iran hopes
Oil prices turn lower as Bessent says U.S. may have Iran deal "today or tomorrow"
Strategy Sells 1,637 BTC as Bitcoin Holdings Fall to 842,138
Strategy sold 1,638 BTC for approximately $104.7 million between July 27 and August 2, at an average price of $63,957 per Bitcoin. The company used about half of the proceeds to fund preferred stock dividends, while the…
BlackRock expands tokenized cash with new blockchain-based money market offerings
BlackRock, the world’s largest asset manager, has expanded its tokenized cash platform, introducing a couple of new tokenized money market products, the firm said on Monday.
CLARITY Act failure could send crypto valuations lower: Bernstein
Bernstein said Congress’s failure to pass the CLARITY Act’s could trigger another leg down for crypto valuations and accelerate policy support from US regulators.
Inflation – Back in Focus?
In our latest weekend video, Inflation – Back in Focus?, Chief Investment Strategist Fritz Folts and CEO/CIO Steve Cucchiaro revisit inflation, a topic many investors thought was fading into the background. With Federal…