Jenny Lee, Granite Asia senior managing partner. Juliana Tan for Forbes Asia Singapore-based venture capital firm Granite Asia has raised over $250 million in anchor commitments from top Asian sovereign wealth funds to bankroll its private credit strategy. Besides the fresh capital from Asian sovereign wealth funds, the initial funding commitments for the Libra Hybrid … Read more
COINOTAG News reports on May 8th that recent analytics from Coinglass reveal significant thresholds for Bitcoin’s price movement. Should Bitcoin breach the pivotal $100,000 mark, an overwhelming short liquidation of nearly $396 million could occur across major centralized exchanges (CEX). Conversely, a dip below $96,000 may trigger a long liquidation intensity amounting to approximately $305 … Read more
XRP continues to trade in a sideways pattern with no major changes in its price trend. On the larger time frame, the price is holding above the important support level of $2, but momentum remains weak. The market appears to be in a holding phase, with limited direction in recent days. Experts are watching XRP’s … Read more
The crypto market is gaining today, May 7, ahead of the FOMC meeting in which Fed Chair Jerome Powell is expected to announce an interest rate decision. The market has already priced in zero rate cuts, and the focus is on Powell’s speech and whether he will signal cuts in June. If the Fed Chair … Read more
On May 8th, 2023, former President Donald Trump announced via his social media platform, Truth Social, ambitious proposals aimed at reshaping the economic landscape. He emphasized significant reforms in tax policies, highlighting a commitment to implementing tax-free tips and tax-free Social Security benefits for senior citizens. Furthermore, Trump asserted that tax-free overtime pay could become … Read more
Robinhood’s Q1 earnings report showed that the company is heavily reliant on crypto trading, despite a drop in QoQ trading volume. The trading platform is likely to tap into Solana (SOL) and Arbitrum (ARB) chains for its planned development. Robinhood Markets, Inc. (NASDAQ: HOOD), an established electronic trading platform, is ostensibly planning to develop a … Read more
Citi is catapulting into the future of finance with a game-changing tokenized platform set to revolutionize private market investing globally. Citi and SDX to Launch Global Platform for Tokenized Private Shares Citi announced on May 6 at the Point Zero Forum in Zurich that it will collaborate with SDX to build a first-of-its-kind platform aimed … Read more
Key Points: Treasury-led proposal for a U.S. sovereign wealth fund submitted for White House review. White House raises objections to parts of the proposed plan. Aimed at securing America’s national and economic future. President Trump’s advisors submitted a sovereign wealth fund proposal to the White House on May 8th, 2025. The White House review of … Read more
At the 2025 Strategy World conference, Chris Kuiper, Vice President of Research at Fidelity Digital Assets, provided a comprehensive view on how institutional investors can realign their asset management strategies. His discourse revolved around risk re-evaluation, optimizing capital deployment, and achieving long-term financial stability. Kuiper emphasized that holding excess cash and low-yield investments ultimately weakens … Read more
Ethereum just got a serious makeover. On May 7, the much-anticipated Pectra upgrade finally went live on the mainnet, and developers are calling it one of the network’s most important updates since the Merge. It brings a ton of new features, more flexibility for wallets, better data handling, and big changes for staking. With the … Read more