BRICS is accelerating its break from Western financial dominance with a game-changing payment system that could soon welcome non-members, challenging SWIFT’s global stronghold. Lavrov Expects BRICS Alternative to SWIFT to Be Open to Non-Members Russian Foreign Minister Sergey Lavrov, addressing journalists in Almaty on April 11 after a Commonwealth of Independent States (CIS) Council of […]
Financial markets shimmered with cautious optimism as U.S. equities closed positively Friday, with the Nasdaq Composite rising 2.06% and the digital asset sector vaulting 3.72% to a $2.63 trillion valuation. Publicly listed bitcoin miners likewise enjoyed a rebound, as nine of the top twelve leading firms by market capitalization advanced. Publicly Traded Bitcoin Miners Pop […]
Blackrock posted strong Q1 2025 results, driven by record exchange-traded fund (ETF) inflows and expanding tech service revenues. The firm saw $84 billion in net inflows and a 12% revenue increase, highlighting growing investor demand across asset classes. Blackrock’s Q1 Earnings Soar with Record Ishares ETF Demand Blackrock kicked off 2025 with a robust first […]
The tokenization of real-world assets (RWAs) is accelerating a fundamental shift in global finance, with blockchain-based U.S. Treasuries, equities, commodities, and private credit poised for exponential growth this year, according to a report by market maker Keyrock and tokenization platform Centrifuge. Keyrock and Centrifuge Analysis: Tokenized RWAs Could Capture 10% of Stablecoin Market by Year’s […]
U.S. stocks edged higher Friday following remarks from the White House indicating the Trump administration’s confidence in securing a trade agreement with China. On the same day, Susan Collins, the president and CEO of the Federal Reserve Bank of Boston, stated that the central bank stands ready to implement measures aimed at steadying financial markets. […]
The digital asset sphere has navigated a whirlwind of volatility this past week, yet Friday’s 3.9% rebound injected a dose of optimism, propelling aggregate valuations to $2.61 trillion. While bitcoin and ethereum languished in negative territory this week, onyxcoin (XCN) and fartcoin (FARTCOIN) emerged as outliers, defying gravitational forces with staggering weekly leaps of 197.4% […]
The cryptocurrency soared above $84K on Friday as the U.S. dollar fell to a three-year low in the face of weakening confidence in USD-denominated assets. Flight from Fiat? Bitcoin Jumps While Dollar Nosedives Despite President Donald Trump touting the success of his aggressive tariff strategy, what appears to be a loss of confidence in American […]
The Securities and Exchange Commission has dismissed its claim that Nova Labs, creators of Helium, sold unregistered securities. This decision confirms that Helium Hotspots and tokens like HNT, IOT, and MOBILE are not considered securities. Legal Uncertainty Removed The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its claim that Nova Labs, the […]
China has responded sharply to U.S. President Donald Trump’s latest tariff hike, calling the United States a “joke” and imposing retaliatory tariffs of its own, as European Union leaders prepare an unusual visit to Beijing amid growing global trade tensions. Xi Criticizes Trade Isolation China responded forcefully on Friday to a dramatic tariff increase by […]
U.S. stocks saw mixed action on Friday, while the U.S. dollar slipped to multiyear lows amid the uncertainty surrounding President Donald Trump’s trade war with China. Speaking with CNBC on Friday, Blackrock boss Larry Fink stated that the U.S. economy is at least very close to, “if not in, a recession right now.” Recession Risk […]