Business – Page 31 – PK Press Club

Franklin Templeton says Wall Street fears blockchain because it threatens profits

The future of asset management is evolving on-chain, but the transition reveals a major structural conflict over traditional corporate revenues. Speaking on a panel at the Proof of Talk summit in Paris, Jenny Johnson, CEO of Franklin Templeton, a $1.74 trillion asset manager, openly addressed the industry’s hesitance to deploy decentralized networks. According to Johnson, […]

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Big Tech is ‘terrified’ that AI agents will wipe out their ad revenue, says Billions Network CEO

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The legacy financial and digital frameworks that support today’s Internet architecture face a looming existential crisis. Evin McMullen, co-founder and CEO of Billions Network, told CoinDesk in an interview at the Proof of Talk conference in Paris that tech giants and global telecommunications companies are actively scrambling to deal with the impending collapse of their

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Predictive market traders bet that Bitcoin sell-off will continue

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Prediction market traders are increasingly betting that bitcoin’s correction is far from over, even after the cryptocurrency tumbled as low as $65,000 this week amid growing pressure from ETF outflows and weakening institutional demand. On Kalshi, traders currently assign a 66% probability that bitcoin will fall below $55,000 this year and a 50% probability that

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Ripple-linked token falls 5% even as bullish signals pile up

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XRP continues to find bullish narratives beneath the surface, but price continues to ignore them. FX balances are declining, ETF money continues to flow into crypto, and Binance inflows have slowed sharply. None of this stopped XRP from losing another level of support this week, which is usually a sign that technical selling is outpacing

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Bullish crypto bets lose $1.6 billion as ETH, SOL and DOGE fall 9%

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Crypto traders hoping the market would catch up with the global stock rally cried Wednesday as a sharp price drop triggered the biggest selloff event since early February. Around $1.84 billion in crypto leveraged positions were liquidated in the last 24 hours in the form of bitcoin. BTC$66,347.90 plunged below $66,000 and ether (ETH) fell

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Mastercard expands on-chain settlement by betting on stablecoins and permanent finance

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Mastercard is expanding its settlement network to support regulated stablecoins, a move that could help deepen blockchain-based payments into the plumbing of the global financial system. The company announced on Wednesday that it plans to offer issuers and acquirers additional settlement options, including intraday, weekend and holiday settlement, as well as on-chain settlement using regulated

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MSTR’s sale of BTC could revive ETH’s outperformance

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Strategy’s first bitcoin (MSTR) BTC$66,015.01 the sell-off since 2022 may have been minimal compared to its massive $58 billion holdings, but the market reaction could signal a broader shift in crypto markets, according to Geoff Kendrick, head of digital assets research at Standard Chartered. In a note to clients, Kendrick highlighted that ether (ETH) has

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Bitcoin’s fall to $67,000 accelerates the shift to the digital dollar

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A week ago, CoinDesk informed readers about the new rotation of funds into dollar equivalents such as Tether. USDT$0.9988 and stablecoins USD Coin (USDC) in the form of bitcoin BTC$66,521.92 retreated from early May highs above $80,000. This combination was a harbinger of potential full-blown risk aversion in the crypto market. These warning signs have

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Franklin Templeton partners with MoonPay to enable large investors to trade stablecoins for returns 24/7.

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Franklin Templeton is expanding its digital assets strategy through a new partnership with MoonPay that will allow institutional investors to move from stablecoins to the asset manager’s tokenized money market fund via an on-chain workflow. The integration connects Franklin Templeton’s Benji technology platform to MoonPay Trade’s infrastructure, creating a pathway for eligible institutions to exchange

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How to better understand Bitcoin’s perpetual identity crisis

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Bitcoin occupies a fascinating gray area of classification: part commodity, part currency, part technology asset, part macro hedge. Far from being a mere philosophical curiosity, this ambiguity is the defining characteristic of how the asset trades. Since no common understanding of what Bitcoin fundamentally is has yet been established, there is no consistent framework for

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