BUSINESS|FIAT|MARKET|REGULATION Updates
Dow, S&P, Nasdaq all open higher as stocks eye gains
U.S. stocks were looking to extend recent gains after the S&P 500 erasing its year-to-date losses. The S&P 500 opened 0.24% up, while Dow Jones Industrial Average opened 0.2% higher. Nasdaq on the oth...
Cred Executives Plead Guilty to Wire Fraud Amid $150M Collapse
Two former top executives of the now-defunct crypto lending firm Cred have pleaded guilty to wire fraud charges in connection with the company’s 2020 bankruptcy that left customers with millions in lo...
New Era for Real-World Assets: What 2025 Means for Tokenization Projects
For years, real-world assets (RWAs) such as real estate, gold, and private equity were caught in outdated systems. They were difficult to trade, sluggish to process, and overburdened with paperwork. W...
Trump’s approval rating climbs to 44% as recession fears ease
President Donald Trump’s job approval has inched up to 44%, based on new polling data gathered by Reuters/Ipsos that ended on Tuesday, as fewer Americans now believe the economy is falling apart. The ...
Morgan Stanley crypto arm head quits to start DeFi trading firm
Andrew Peel, who led Morgan Stanley’s digital asset markets unit, is departing to start a Zug-based venture bridging traditional finance and decentralized finance. Morgan Stanley’s head of digital ass...
Federal Reserve won’t cut interest rates in June or July as it sees no need to bail the economy
The Federal Reserve is staying put this summer. No cuts in June, no cuts in July. We believe that’s the central bank’s position after watching the joint statement issued on Monday by the United States...
A First in History: This Country Will Launch Its Own Cryptocurrency
Thailand’s Finance Ministry announced that it will issue a new digital investment token worth 5 billion baht (about $150 million) within the next two months following cabinet approval. Finance Ministe...
US Will Remain a Safe Haven As Dollar Touts Most Liquid Treasury Market in the World by an ‘Enormous Factor,’ Says Bond Behemoth PIMCO
The CEO of fixed-income giant Pacific Investment Management Company (PIMCO) is expressing optimism on the future of the US and the dollar in the global financial system. PIMCO CEO Emmanuel Roman says ...
Americans bought $57B in Japanese assets during ‘Liberation Day,’ the highest ever
Americans dumped a record $57 billion into Japan’s stocks and bonds in April, the highest amount ever recorded in a single month. The buying frenzy happened during the fallout of President Donald Trum...
Robinhood acquires WonderFi to drive Canadian expansion
Robinhood announced Tuesday it will acquire Canadian crypto firm WonderFi in a C$250 million (US$178 million) all-cash deal, marking the brokerage’s latest move to grow its global crypto footprint. Th...
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