SpaceX, led by Elon Musk, transfers Bitcoin assets for the first time in three years.
Simply put SpaceX is consolidating its Bitcoin holdings, valued at $153 million, into a single wallet, according to Arkham Intelligence data. Private companies generally hold 8,285 Bitcoin, which is about $990 million in total. This movement comes amid some public disputes with former President Donald Trump, leading to increased concern among investors regarding SpaceX. According […]
JPMorgan Considers Lending Against Crypto Assets
JP Morgan Chase Explores Lending Against Cryptocurrency Holdings JP Morgan Chase is reportedly contemplating the possibility of lending against its clients’ cryptocurrency holdings. This information comes from a recent report by the Financial Times, which suggests this move indicates that major banks are beginning to embrace the mainstream adoption of cryptocurrencies. The shift in strategy […]
It’s not only bitcoin. Companies are now including ethereum in their assets.
Bitcoin (BTC-USD) isn’t the only cryptocurrency capturing corporate interest. A handful of companies are now investing in Ethereum and its token, Ether (ETH-USD), eager to tap into the underlying technology of decentralized finance and digital assets. So far, most firms taking this route are smaller entities in the crypto sector, like Bitmine Immersion Technologies (BMNR), […]
Trump likely to advocate for private assets in 401(k) plans: Benefits and drawbacks
Executive Order on Retirement Plans President Trump is set to sign an executive order aimed at opening up a retirement plan to the private market. Senior columnist Carrie Hannon joins us to discuss this development. According to Hannon, the president’s order will be directed at the Securities and Exchange Commission. This move is significant because, […]
Responsible managers of public assets
Federal Reserve Chair Defends Renovation Project In Washington, Federal Reserve Chair Jerome Powell defended a $2.5 billion renovation of the headquarters near the National Mall. He emphasized that the project has been under careful oversight since it was approved in 2017, despite the costs already nearing $600 million. Powell is facing significant criticism from Republicans, […]
Tokens based on real-world assets are the next evolution of ETFs, says CoinFund president.
Tokenized Assets Could Open Investment Doors for Retail Investors Christopher Perkins, president of investment firm Coinfund, suggests that real-world asset (RWA) tokens could broaden investment access for everyday retail investors, much like the rise of Exchange-Traded Funds (ETFs) did in 1993. Perkins described these tokens as akin to a new kind of ETF, which allows […]
Private market assets are on the way to your 401(k)
Private Assets in 401(k) Plans: A Shift on the Horizon At a recent investor meeting, Marc Rowan, the CEO of Apollo Global Management, expressed optimism about integrating private assets into American retirement accounts. He mentioned, “I would hope to be able to sell the private market to the 401(k) system,” highlighting the theme of merging […]
France to Halt Assets of Islamist Organizations Linked to Muslim Brotherhood
France Targets Islamic Groups with New Measures The French government has decided to implement counter-terrorism-like measures aimed at freezing the financial assets of groups linked to bombings that the Muslim Brotherhood reportedly has conducted over the years. These actions focus on both public and private institutions across France and Europe. During a Council of Defense […]
Senate Republican presents a plan for taxing digital assets
New Cryptocurrency Tax Regulation Announced by Senator Lummis On Thursday, Senator Cynthia Lummis from Wyoming introduced a law aimed at updating tax regulations for cryptocurrency. This move comes as Congress works toward establishing a clear regulatory framework for digital assets. “To remain competitive, we need to adapt tax laws to support the digital economy instead […]
Graham Rejects Assertion That He Advocates for U.S. Assets to Support Regime Change in Iran
Sen. Lindsey Graham Discusses Iran’s Government During an appearance on FNC’s “Jesse Watters Primetime,” Senator Lindsey Graham (R-SC) expressed his support for a change in Iran’s government but clarified that he does not advocate for military intervention to achieve it. Watters began by asking Graham if he wanted to see a new administration in Iran […]