Category: Business

[ad_1] The Federal Reserve Open Market Committee (FOMC) announced on Wednesday that it would hold the Federal Funds rate steady at 3.5-3.75%, as it monitors macroeconomic impacts from the ongoing war in the Middle East. Economic activity has expanded at a “solid pace,” Federal Reserve Chairman Jerome Powell said, adding that consumer spending remains “resilient,”…

[ad_1] GSR has acquired Autonomous and Architech in a $57 million deal, according to a company announcement, as the crypto trading firm expands its push to become a full-stack capital markets provider for tokenized organizations. The acquisition integrates Autonomous’s launch and operational support platform with Architech’s advisory capabilities, forming a unified offering that spans token…

[ad_1] The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) on Tuesday issued a joint interpretation clarifying how federal securities laws apply to crypto assets, marking one of the most comprehensive attempts yet to define regulatory boundaries in the United States. Federal Crypto Policy Shift: SEC, CFTC Outline Jurisdiction and Token Types…

[ad_1] Metaplanet said Monday it raised $255 million in a private placement and launched a new warrant structure to fund additional Bitcoin purchases. Metaplanet raised about $255 million from institutional investors through a private placement of new shares, according to the company. The private placement priced new shares at a 2% premium, paired with fixed-strike…

[ad_1] The regulatory provisions outlined in the US Digital Asset Market Structure Clarity Act, otherwise known as the CLARITY Act, threaten to give large financial institutions control over crypto, according to Dr. Friederike Ernst, co-founder of the Gnosis blockchain protocol. Regulations in the CLARITY crypto market structure bill assume that activity must pass through centralized…

[ad_1] Elon Musk has forced out additional xAI co-founders and employees as the startup reorganizes after being acquired by his aerospace company, SpaceX, ahead of a potential initial public offering. xAI has been undergoing internal restructuring since mid-February after the merger. Musk confirmed several staff departures during an all-hands meeting last month, after co-founders such…

[ad_1] U.S. regulators are weighing how blockchain-based equities could reshape markets, as SEC leaders signal potential pilot programs and exemptions that may open the door to tokenized stock trading while regulators grapple with settlement rules and investor protections. Wall Street and Blockchain Collide as SEC Explores Tokenized Equity Framework Regulators are evaluating new frameworks for…

[ad_1] As the conflict involving Iran drags on and global energy supplies risk prolonged disruption, most financial assets are likely to behave like risk assets, according to Bloomberg Intelligence strategist Mike McGlone in a recent interview with Cointelegraph. Despite major price swings across commodities, stock market volatility has remained relatively low, a divergence McGlone considers…

[ad_1] US Senator Majority Leader John Thune reportedly said he doesn’t expect the chamber to move forward with legislation to establish digital asset market structure before April. According to a Thursday Punchbowl News report, Thune said that the Senate planned to prioritize voting on the SAVE America Act, a bill that would require voters to…

[ad_1] OP Labs, the development company behind the Ethereum layer 2 network Optimism, has let go of 20 employees as part of an organizational restructuring aimed at narrowing its strategic priorities and streamlining decision-making processes. “This is not about finances,” OP Labs CEO Jing Wang said in a note. “OP Labs is well capitalized with…