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
Bitcoin has reclaimed $98,000 for the first time in almost three months after the US Federal Reserve said it would keep interest rates the same for another month. The Fed’s decision to keep interest rates unchanged comes despite mounting pressure from US President Donald Trump, who just weeks ago threatened to fire Fed chair Jerome … Read more
Shiba Inu price could be on the verge of a strong bullish breakout as the daily burn rate rose and the total value locked in Shibarium rose. Shiba Inu (SHIB) rose to $0.00001270 on Wednesday, a few points above the year-to-date low of $0.00010. Third-party data shows that the total value locked in the Shibarium … Read more
Sui Network (SUI) has emerged as a notable player in the cryptocurrency space as it rapidly gains traction with over 1 million new wallet addresses created daily. With daily DEX trading volumes exceeding $400 million, the ecosystem reflects a burgeoning user demand and an impressive stablecoin market cap of $900 million. Institutional interest is on … Read more