Business – Page 27

Franklin Crypto CIO Says Crypto Prices Are Disconnected From Fundamentals

Latest developments: In an interview with Jennifer Sanasie at CoinDesk’s Public Keys, Ginns said the convergence between traditional finance and crypto continues to gain momentum despite a prolonged market downturn Franklin Crypto aims to build a leading fundamental crypto investment platform following Franklin Templeton’s acquisition of 250 Digital, the firm that emerged from CoinFund’s liquid […]

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Binance.US CEO says exchange rebuilds, eyes return to 20% US market share

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Latest developments: CEO Stephen Gregory said Binance.US is focused on growth after what he described as a two-year “dormancy” linked to regulatory issues surrounding the broader Binance brand. Gregory said Binance.US is a separate US entity with its own management structure, although it shares a common beneficial owner and trademark with Binance.com. He said the

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Tom Lee’s BitMine (BMNR) Raises Ether Holdings to $5.77M, or 4.8% of Supply

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BitMine Immersion (BMNR) added to its Ethereum coffers last week, bringing its total holdings to 5.77 million ether (ETH), or about 4.8% of Ethereum’s circulating supply of 120.7 million tokens, according to a Monday press release. The company said that nearly five million of its ETH holdings are staked, allowing it to earn stake rewards

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Trump’s crypto riches soar over Clarity Act talks to ban conflicts for US officials

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On Monday, several Senate Democrats announced they would hold a press conference this week to declare their opposition to Clarity, and what they said is its “lack of rein in President Donald Trump’s corrupt crypto schemes.” Senator Murphy will join Senators Chris Van Hollen and Jeff Merkley at the event on Capitol Hill, which will

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Circle’s ( CRCL ) OCC approval fails to ease core problems, Mizuho says

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Circle Internet Group’s (CRCL) final approval from the Office of the Controller of the Currency to establish the First National Digital Currency Bank is a positive milestone, but investors may be overestimating its significance, according to Japanese investment bank Mizuho. “While this is a positive development, we believe the market reaction is likely overly optimistic

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The marginal bitcoin seller may be done liquidating, analysts say

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Dessislava Ianeva, an analyst at Nexo, made a similar point in an email to CoinDesk. “ETF flows confirm it from a different angle. The past ten days are split between inflows and outflows, which is a bit positive,” Ianeva said. “Glassnode data shows that spot selling pressure has eased. June’s net sales averaged nearly 2,000

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Strategy pauses bitcoin buying as USD reserve hits $3 billion

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Strategy (MSTR) has not bought any bitcoin since June 22, when it bought only 520 BTC for approximately $35 million. Since then, the company has shifted its immediate focus from bitcoin accumulation to strengthening its liquidity position. During the week ending July 5, Strategy sold 3,588 BTC in two transactions. It sold 1,363 BTC for

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Bolivia is considering adding Tethers USDT to its national payment system

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Bolivia is considering adding Tether’s USDT stablecoin to its national payment system, marking another step in the country’s shift from banning crypto transactions to allowing regulated use of digital assets. Economy Minister José Gabriel Espinoza said at a press conference on Monday that the government is evaluating whether the USDT can circulate alongside the boliviano,

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XRP-linked firm lands in UK plan for tokenized repo, bonds and funds

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The report also noted a problem with permissionless chains: a confirmed transaction can, in theory, be reversed by a chain reorganization. It introduces a final settlement risk that traditional infrastructures do not encounter. Nevertheless, the report said, incumbents are converging in traditional finance and crypto-native businesses. As an example, it cited Ripple’s purchase of prime

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Robinhood Chain scores strong debut, says Bernstein

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Robinhood’s ( HOOD ) new blockchain has posted a strong debut, quickly emerging as one of the busiest decentralized trading networks and reinforcing the broker’s strategy to expand tokenized financial products, Wall Street brokerage Bernstein said in a Monday research report. Since launching its mainnet on July 1, Robinhood Chain has generated $3.1 billion in

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