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Federal Reserve Moves Toward Narrower, Crypto-Focused Approach to Master Accounts

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The US Federal Reserve has taken a first step toward establishing a more limited version of its so-called core accounts, welcoming comments on how the central bank could formulate “payment accounts” that would provide access to its payment channels without businesses having to jump through the considerable hurdles that would ensure more comprehensive services. The […]

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Oracle (ORCL) TikTok Deal Boosts AI Mining Stocks as BTC Tags $88,000

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Shares of Oracle ( ORCL ) jumped more than 6% in premarket trading to around $190 after Bloomberg reported that TikTok had signed binding agreements to form a new U.S. joint venture led by Oracle, helping to ease investor concerns about AI-related valuation risks. The optimistic reaction has spread to all risk assets. Bitcoin BTC$88,095.72

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Bankrupt Terraform boss pursues $4 billion fast-track trading following Terra crash

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The bankruptcy court-appointed administrator of collapsed Terraform Labs is suing Jump Trading, accusing the high-speed trading company of illegally profiting and contributing to the $40 billion crash, according to the Wall Street Journal. Todd Snyder, charged with bringing down what remains of the crypto empire, is seeking $4 billion in damages from the trading company,

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: Crypto Daybook Americas

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By Francisco Rodrigues (All times ET unless otherwise noted) Bitcoin BTC$87,853.38 rose above $88,000 even after the Bank of Japan raised interest rates to their highest level in nearly 30 years, a move that should have strengthened the yen and made the carry trade less attractive. Instead, the currency weakened on concerns that rising rates

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Latest BTC bull turns bearish, Jurien Timmer warns of year-long crypto winter

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Jurien Timmer, director of Global Macro at Fidelity and long Bitcoin bull, has become one of the latest financial strategists to become more bearish on Bitcoin. BTC$88,230.71citing the asset’s four-year cycle. Bitcoin has historically followed a repeatable pattern, and from an analog and temporal perspective, the current cycle appears to align closely with previous ones,

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XRP-related company expands institutional trading campaign

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Ripple said it has deepened its relationship with brokerage firm TJM Investments, purchasing a minority stake that takes it deeper into the behind-the-scenes infrastructure that institutions use to trade and settle assets. Ripple will support the trading and clearing operations of TJM, a regulated broker in the United States, as part of the agreement. The

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Coinbase (COIN) sues Connecticut, Illinois and Michigan over regulation of prediction markets

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Coinbase (COIN), the crypto exchange that plans to add prediction markets to its platform, is filing lawsuits in Connecticut, Illinois and Michigan over states’ attempts to regulate these markets. The company filed the lawsuit to “confirm what is clear,” legal director Paul Grewal wrote in an article on Prediction markets allow users to speculate on

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