Robinhood’s (HOOD) board of directors has approved a new $1.5 billion stock repurchase program, according to an 8-K filing with the U.S. Securities and Exchange Commission. This adds more than $1.1 billion to existing buyout capacity. The company said it plans to carry out the plan over about three years starting in the first quarter […]
Robinhood (HOOD) raises its buyback program to $1.5 billion Read More »
A down day in crypto eased slightly in the minutes after U.S. stocks closed for the session. According to Israel’s Channel 12, a month-long ceasefire could soon be announced as part of a package negotiated by White House envoys Steve Witkoff and Jared Kushner. Other terms of the deal would include the dismantling of Iran’s
BTC Recovers $70,000 Following Ceasefire Report Read More »
NEW YORK — BNY Mellon CEO Robin Vince said the next phase of crypto adoption will depend on large financial institutions, arguing that banks are well-positioned to connect digital assets to the broader financial system. “We can act as a very effective bridge between the traditional finance and digital finance ecosystems,” Vince said in a
BNY Mellon CEO says the future of crypto is through big banks Read More »
Institutional investors are no longer just betting on a “up the numbers” strategy for crypto, they are turning to finding stable revenue streams from major digital assets. Many institutions already hold Bitcoin BTC$69,578.37 and ether (ETH) on their balance sheets. While they hold these assets for long-term price appreciation, investors are increasingly looking to put
Crypto has become mainstream as a financial asset class and TradFi institutions now feel compelled to jump into the space, if only to show their existing clients that they are not afraid to handle innovative technologies. The problem, for some of them, is that staking – one of the most basic primitives of cryptography –
Why Cautious TradFi Firms Love Staked Ether Read More »
Crypto finance is only now beginning to offer an environment that matches traditional finance: ways to earn more stable and predictable returns – similar to bonds or savings products, according to Aave Labs founder Stani Kulechov and Ethena CEO Guy Young. “Most fixed income is like spreading risk in different formats…basically just slicing and spreading
Shares of stablecoin issuer Circle (CRCL) fell on Tuesday, after a proposed U.S. stablecoin bill raised concerns over yield limits. Shares of the USDC issuer fell as much as 18% in early US trading, ending a week-long rally that saw a gain of more than 100%. Meanwhile, crypto exchange Coinbase (COIN), which shares stablecoin revenue,
Circle and Coinbase collapse as regulators move to ban interest on stablecoins Read More »
NEW YORK — Amy Oldenburg, head of digital assets strategy at Morgan Stanley (MS), dismissed the idea that Wall Street is only embracing crypto now out of fear of missing out, arguing that big banks are acting after years of preparation. “TradFi is getting FOMO and getting involved now… that’s really not accurate,” Oldenburg said
Morgan Stanley’s Amy Oldenburg Says Wall Street’s Crypto Push Isn’t About FOMO Read More »
Bitcoin BTC$70,042.59 fell back towards $69,000 on Tuesday morning, as a broader pullback in stocks rippled through crypto markets. After trading near $71,000 earlier in the session, BTC fell to around $69,600 in early US hours, tracking a broader reversal in risk assets. Ether (ETH), Solana (SOL), and XRP (XRP) are also down 2-3% over
BTC abandons $70,000 level as markets mull higher interest rates Read More »
Some are worried about bitcoin BTC$69,967.00 We could still see more selling, but one key indicator suggests the bottom may already be behind us. This indicator is 30-day implied volatility, which is an options-based measure of expected four-week price turbulence. Widely followed 30-day implied volatility indexes like Deribit’s DVOL and Volmex’s BVIV jumped to 90%
BTC volatility signals bottom as trading plunges into uncertainty Read More »
