Business – Page 196 – PK Press Club

Morgan Stanley Launches Stablecoin Reserve Wallet. Here’s what it means

Investment banking giant Morgan Stanley has kept a low profile by making a significant move into stablecoins, expanding its footprint in the digital assets sector. The company’s investment management arm, MSIM, announced the launch of the Stablecoin Reserves Portfolio – a government money market fund designed for stablecoin issuers who need a regulated and secure […]

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BTC ETFs Raise $2 Billion in 8 Days as Short-Term Holders Sell

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Someone buys $2.1 billion worth of bitcoin via ETFs. Someone else is using this offer to get by. U.S. spot bitcoin ETFs have now seen eight straight days of inflows totaling $2.10 billion through April 23, according to SoSoValue. This is the longest streak since the nine-day run in October 2025 that took Bitcoin to

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Bitcoin, Ether Fall in Asia as Japanese Data Adds to Market Jitters Sparked by Iran War

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Cryptocurrency markets remained lower on Friday as macroeconomic signals from Japan, one of the world’s largest economies, added to uncertainty caused by the war in Iran. Bitcoin BTC$77,594.14 hovered near $77,800, after struggling to surpass Thursday’s high of $78,700 in early Asian trading hours, according to CoinDesk data. The broader uptrend, which began in late

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DeepSeek sequel expected to expand China’s reach in open source AI

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When Chinese startup DeepSeek released details of one of its artificial intelligence models last year, it sent shockwaves through the tech industry. The company said it built its system spending far less on computer chips than U.S. competitors like OpenAI and Anthropic. This marked the start of what became known as the “DeepSeek moment” in

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War and sanctions accelerate China’s monetary surge

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Neat rows of Chinese banknotes sit behind glass in the center of the National Security Gallery inside the Hong Kong History Museum, alongside model fighter jets, attack helicopters and vials of rare earth metals. Featuring instruments of war and commerce, the exhibition highlights a central idea: the internationalization of its currency, the renminbi, is considered

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The United States arrests a soldier for whom Polymarket bets on the Nicolas Maduro raid in which he participated

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The US Department of Justice has arrested an Army master sergeant, accused of betting on Nicolas Maduro’s raid before participating in the operation to arrest the former Venezuelan leader. The DOJ on Thursday unsealed an indictment charging Gannon Ken Van Dyke with illegal use of confidential government information for personal gain, theft of nonpublic government

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Pantera wants Satsuma (SATS) to ditch its bitcoin as shares collapse 99%

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Digital asset investment firm Pantera Capital is urging London-listed Satsuma Technology (SATS) to liquidate its remaining bitcoin. BTC$78,034.12 assets and return cash to shareholders, marking a watershed moment for a strategy that once sparked strong investor enthusiasm, Bloomberg reported Thursday. Pantera’s DAT Opportunity Fund, which owns about 6.7% of the company, is among those pushing

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Aave leads DeFi bailout after $292M crypto exploit

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Aave and several major crypto companies are coordinating a turnaround effort to stabilize decentralized finance (DeFi) markets after a $292 million exploit left the industry’s largest lender struggling with a large hole in collateral. The initiative, dubbed “DeFi United” and led by service providers Aave, aims to restore support for rsETH, a yield-bearing ether (ETH)

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More than 100 crypto companies urge Senate to act on markup of market structure bill

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A coalition of U.S. crypto companies and trade groups has called on the Senate Banking Committee to conduct a review of the Clarity Act, a bill that would create a federal framework for crypto markets. In a letter to Chairman Tim Scott, Subcommittee Chairwoman Elizabeth Warren, Cynthia Lummis, and Ranking Member Ruben Gallego, the group

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More than 90% of Web3 games failed after $15 billion boom because players never showed up: Caladan

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Web3 games spent up to $15 billion chasing a token-driven future that players never bought into. Data from Caladan, a market-making and trading firm, shows that around 93% of so-called GameFi projects are now effectively dead, with token values down around 95% from their 2022 highs and studio funding collapsing by 93% by 2025. Investors

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