Kraken, the San Francisco-based crypto exchange, is making it easier for non-US clients to invest in American stocks and ETFs. They’re doing this by partnering with Backed to offer tokenized versions of these assets on the Solana blockchain. Tokenized Stocks Arrive on Solana This new offering, called xStocks, uses blockchain technology to create digital representations…
America’s biggest banks just got a whole lot bigger. In the first three months of the year, JPMorgan Chase, Bank of America, Citibank, and Wells Fargo saw their combined assets jump by a staggering $681.71 billion—a 5.9% increase. Asset Growth Across the Board This massive growth is a sharp turnaround from the previous quarter’s 2.9%…
Anthony Scaramucci, founder of SkyBridge Capital, believes stablecoins could revolutionize global finance. He argues they’re not just a crypto thing—they could significantly boost the US dollar and slash global transaction costs. Stablecoins and US Treasuries: A Surprising Partnership Major stablecoin companies like Circle and Tether are quietly becoming huge holders of US government debt. Scaramucci…
An expert predicts a massive shift in Bitcoin ownership by 2045, with corporations potentially controlling a staggering 50% of all Bitcoin. Let’s break down this bold prediction. A Corporate Bitcoin Strategy Jesse Myers, a co-founder at Onramp, a company that helps institutions manage Bitcoin, tweeted a prediction that sparked a lot of discussion. He believes…
The crypto world is buzzing! The SEC is looking at a Tron ETF, big banks are talking about a new stablecoin, and new laws are making things clearer. This means more interest from big players and a chance for altcoins to shine. Plus, the market is looking pretty good right now. Let’s dive into some…
Cardano (ADA) is showing some serious bullish signs lately! While it’s still under $1, there’s a lot of positive activity suggesting a price increase might be on the way. Traders and investors are showing renewed interest, and analysts are predicting a bullish reversal. A Massive Open Interest Spike One key indicator is the huge jump…
The massive rise of artificial intelligence (AI) is putting a huge strain on the world’s power grids and computing resources. From AI language models to image generators, the demand for processing power is exploding. Surprisingly, a solution might already exist: repurposing cryptocurrency mining data centers. Mining’s Unexpected AI Role Cryptocurrency mining facilities, especially those using…
Brazil’s central bank doesn’t see the US dollar losing its top spot anytime soon. According to their monetary policy director, Nilton David, the dollar’s dominance will likely continue for at least the next ten years. BRICS Won’t Budge the Dollar (Yet) David points out that the BRICS nations – a group of 11 countries including…
The Department of Justice (DOJ) has charged two Illinois men with orchestrating a massive $227 million Medicare fraud scheme. Fake COVID Tests, Real Charges Syed Murtuza Kablazada (34) and Syed Mehdi Hussain (32) allegedly ran medical labs that submitted fraudulent Medicare claims for COVID-19 tests that were never actually administered. The pair allegedly used a…
Bitcoin (BTC) is enjoying a robust rally, with a key metric reaching an all-time high, according to cryptocurrency analytics firm Glassnode. Realized Cap Reaches New Heights Glassnode reports that Bitcoin’s Realized Cap—the price at which each coin last moved, indicating overall investor profitability—has hit a record high, exceeding $900 billion for the first time. This…
