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Deutsche Bank has issued a warning regarding the potential risks to the U.S. dollar’s status as a global reserve currency, citing concerns over the reliability of the Federal Reserve’s liquidity backstop, particularly its dollar swap lines. In light of informal discussions among European central banking officials about the Fed’s commitment to providing support during market … Read more
Bitlayer has announced the integration of the BitVM Bridge with Xverse Wallet, a bitcoin wallet that supports customizable Bitcoin testnet configurations. This collaboration allows users to access the trust-minimized BitVM Bridge seamlessly through the Xverse Wallet, enhancing the adoption of BitVM technology in the Bitcoin decentralized finance (DeFi) space. As a member of the BitVM … Read more
In a recent social media post, former Coinbase CTO Balaji Srinivasan argued that U.S. dollar inflation acts as a form of global taxation, highlighting the disparity in financial impacts between Americans and the global population. He noted that if the approximately $6 trillion printed since 2020 were distributed solely among the 330 million Americans, each … Read more
Sony is expanding its Web3 strategy by partnering with Yoake to launch officially licensed digital collectibles from one of Netflix’s top-performing anime series, The Seven Deadly Sins, which has sold over 55 million copies worldwide. This collaboration marks the first mainstream anime intellectual property to utilize Sony’s blockchain infrastructure through its platform, Soneium. The initial … Read more
Matthew Pines, Executive Director at the Bitcoin Policy Institute, has addressed concerns about the fracturing global financial system and the reliability of U.S. Federal Reserve dollar swap lines. He notes that European banks are heavily reliant on dollar funding, with 17% of their financing in dollars, and highlights a shift in the U.S. Treasury market, … Read more
Israeli trading platform Etoro has filed a prospectus with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) in New York, revealing that its revenue tripled in 2024, with 96% of that revenue coming from cryptocurrency trading. Etoro reported a revenue of $12.6 billion and a net profit of $192 million … Read more
In a recent social media post, economist Peter Schiff critiques the Trump administration’s characterization of the U.S. as the “world’s best customer,” arguing that this perspective misrepresents the global economic relationship. Schiff asserts that while demand is unlimited, the resources to satisfy that demand are scarce, emphasizing that supply, not demand, is the limiting factor … Read more
In a recent essay for the Financial Times that is heating up discussions in economic circles, Berkeley professor and author of Exorbitant Privilege: The Rise and Fall of the Dollar, Barry Eichengreen argues that President Donald Trump’s policies are significantly undermining the foundations of U.S. dollar dominance and international economic relationships. Eichengreen highlights concerns over … Read more
Kraken has announced an agreement to acquire Ninjatrader, the U.S. retail futures trading platform, for $1.5 billion, subject to certain purchase price adjustments. This acquisition accelerates its multi-asset-class ambitions, which include plans for equities trading and payments. Founded in 2003, Ninjatrader provides advanced futures trading tools to nearly two million traders and operates as a … Read more
Utila has announced the successful completion of an $18 million Series A funding round, led by Nyca Partners, to enhance its institutional digital asset operations platform. The company, which has processed $35 billion in digital asset transactions over the past 18 months, aims to scale its global operations and expand research and development efforts with … Read more
