Paraguay Congress Impeaches President Over Bank Collapse
Key TakeawaysThe collapse of Paraguay’s Ueno Bank stranded millions in deposits and sparked violent street protests.Central bank head Carlos Carvallo...
Business
Morgan Stanley Among First to Adopt DTCC’s Tokenization Service
Key TakeawaysMorgan Stanley said it the among first banks to tokenize U.S. equities and Treasuries via DTCC’s new DTS platform.Launched...
Elon Musk’s SpaceX and Tesla Join Amazon in Opposing OKXICE Tokenized Stocks Plan
Key TakeawaysAmazon, Tesla, Netflix, SpaceX, SoFi Technologies, and Lam Research are the latest companies to oppose OKXICE’s tokenized stocks plan,...
Metaplanet Buys Back 96.4M Shares to Boost Bitcoin Per Share
Key TakeawaysMetaplanet repurchased 96.4M shares for about $160M, using nearly half its authorized share count.The buyback aims to lift bitcoin...
Bond Markets Surge as Investors Reassess US AI Tech Sector Growth
Key TakeawaysInvestors are rushing to bonds as tech and artificial intelligence (AI) stocks slump, driving 10-year real yields to a...
AI/Tech Selloff Drives Massive Crypto Tailwind, Experts Say
Key TakeawaysDefiance Capital CEO Arthur Cheong predicts the recent U.S. tech stock selloff will act as a crypto tailwind.Cheong expects...
Tether Reports $1.5B Q3 Profit as Total Reserves Reach $191.5B
Key TakeawaysTether reported $1.5 billion in Q3 net operating profit, bringing its total profit for the first nine months of...
Securitize Defends Tokenization Against Critics With Full-Page WSJ Ad
Key TakeawaysSecuritize ran a WSJ ad defending SEC-regulated stock tokenization to counter recent industry backlash.The campaign claims proper tokenization safely...
$250M FalconX Facility Powers Ibis Push Into Onchain Credit
Key TakeawaysIbis exited stealth with a $250M credit facility from FalconX and pre-seed capital from top crypto firms.Anchorage Digital Bank...
Crypto Leaders Blast Misleading WSJ Ad on Tokenization Risks
Key TakeawaysA WSJ ad warned CEOs against stock tokenization, citing risks like market manipulation and hidden ownership.Industry leaders called the...
Saylor Has 33% of the Vote and Needs 17% More for STRC Daily Dividends
Key TakeawaysStrategy’s Oct. 28 vote needs a majority of all outstanding common voting power, not just votes cast.If approved, STRC...
JPMorgan and Wall Street Giants Block AI Agents Over Security Fears
Key TakeawaysReports say JPMorgan, Citi and other major banks are restricting unauthorized AI agents from accessing customer accounts.Binance founder Changpeng...
Brazil Pushes Mandatory Tokenization to Overhaul Market Tracking
Key TakeawaysBrazil’s CVM is pushing mandatory asset tokenization and AI to overhaul its overwhelmed $2.32T fund market.The regulator is testing...
Bitcoin Slides Under $81K as Trump Breaks a Line Bulls Held Since August
Key TakeawaysBitcoin slipped to about $80,698 on Oct. 24, below its 50-day average near $81,784.Coinglass-tracked liquidations hit $495.74M in 24...
Chainlink Enters Korea’s $68B Market Through LG CNS Partnership
Key TakeawaysChainlink and LG CNS announced an Oct. 22 agreement targeting South Korea’s $68 billion cryptocurrency market.LG CNS leads Project...
Grayscale Opens In-Kind ETF Access With Six-Figure Entry Minimums
Key TakeawaysDigital asset manager Grayscale now accepts direct cryptocurrency contributions for shares in 10 eligible investment products.Grayscale’s minimum investments range...
Microsoft and McDonald’s Push Back Against OKX-ICE Tokenized Stocks
Key TakeawaysMicrosoft, Alphabet and Goldman Sachs formally objected to OKXICE’s proposed tokenized stock trading.Andrew Cuomo defended OKXICE’s blockchain ambitions during...
Arrington’s XRP Fund Holds a $514M Evernorth Stake Ripple Can Steer
Key TakeawaysArrington XRP Capital Fund reported 4.7 million Evernorth Class A shares in an Oct. 19 SEC Form 3.Rippleworks can...
Goldman Sachs CEO Sees Tokenization as Wall Street’s Next Act
Key TakeawaysGoldman Sachs CEO David Solomon sees tokenization expanding opportunities across financial markets.Goldman Sachs joined DTCC’s tokenization service launch in...
OKXICE Faces 9 Formal Objections to Tokenized Share Trading
Key TakeawaysNine U.S.-listed companies, including Broadcom and Verizon, formally objected to OKXICE tokenized shares.OKXICE’s Oct. 15 notice identifies nine issuers...
Arthur Hayes Says OpenAI and Anthropic Are Worthless and Bitcoin Wins
Key TakeawaysArthur Hayes told Convergence host Luke Martin on Oct. 16 that AI model companies are “worthless.”The Nasdaq 100 fell...
Binance Eyes Hong Kong, South Korea, Taiwan, Brazil Stocks in Global Push
Key TakeawaysBinance is exploring stock access in four markets: Hong Kong, South Korea, Taiwan, and Brazil.The push extends Binance beyond...
