Finance

DeFi Savings Protocol Sky Slumps to $5M Loss as USDS Interest Payments Wipe Out Profit
DeFi Savings Protocol Sky Slumps to $5M Loss as USDS Interest Payments Wipe Out Profit

DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse Financ...

Last updated 3 mins ago

Morgan Stanley Crypto Chief Exits to Launch DeFi Fund in Switzerland: Bloomberg
Morgan Stanley Crypto Chief Exits to Launch DeFi Fund in Switzerland: Bloomberg

Andrew Peel has left his role as Morgan Stanley’s (MS) head of digital asset markets to launch a crypto investment and tech firm in Zug, Switzerland, Bloomberg reported Tuesday.

Last updated 3 mins ago

From Early Michael Saylor Bet to Billions in Deals: How Jefferies Became a Crypto Powerhouse
From Early Michael Saylor Bet to Billions in Deals: How Jefferies Became a Crypto Powerhouse

It all started in 2019, when a relatively small software company called MicroStrategy (now known as Strategy) knocked on investment bank Jefferies' door after being turned away by Wall Street giants.

Last updated 3 mins ago

Asset Manager VanEck Joins Tokenization Race With U.S. Treasury Fund Token
Asset Manager VanEck Joins Tokenization Race With U.S. Treasury Fund Token

Asset manager VanEck launched its first tokenized fund, joining a roster of institutions entering the race to bring assets on-chain with tokenziation.

Last updated 3 mins ago

UK’s First FCA-Regulated Crypto Derivatives Trading Venue GFO-X Debuts in London
UK’s First FCA-Regulated Crypto Derivatives Trading Venue GFO-X Debuts in London

GFO-X has debuted its Financial Conduct Authority (FCA)-regulated crypto derivatives platform, the U.K's first such trading venue for digital assets.

Last updated 3 mins ago

Robinhood Enters Canada by Taking Over Crypto Exchange WonderFi for $179M
Robinhood Enters Canada by Taking Over Crypto Exchange WonderFi for $179M

Robinhood Markets (HOOD), the California-based financial services company, said it agreed to buy Canadian crypto firm WonderFi (WNDR) for $178.98 million.

Last updated 3 mins ago

Animoca Brands Plans U.S. Listing to Capture ‘Unique Moment’ of Trump Administration: FT
Animoca Brands Plans U.S. Listing to Capture ‘Unique Moment’ of Trump Administration: FT

Animoca Brands, a Web3 investment company, is planning a public listing in New York, seeking to capture the "unique moment" offered by the Trump administration's approach to digital asset regulation, ...

Last updated 3 mins ago

Citi, Switzerland’s SDX Join Forces to Tokenize $75B Pre-IPO Shares Market
Citi, Switzerland’s SDX Join Forces to Tokenize $75B Pre-IPO Shares Market

Banking giant Citi and SIX Digital Exchange (SDX), the digital assets-focused arm of Switzerland's main stock exchange, are teaming up to tokenize non-publicly traded shares in a move to streamline a ...

Last updated 3 mins ago

IntoTheBlock and Trident Merge With $25M Backing to Build Institutional DeFi Gateway
IntoTheBlock and Trident Merge With $25M Backing to Build Institutional DeFi Gateway

Decentralized finance (DeFi) firms IntoTheBlock and Trident Digital have merged to form Sentora, joining forces to bring institutional investors onchain.

Last updated 3 mins ago

Bitcoin Likely Still ‘Rat Poison’ at Berkshire Hathaway Even Without Warren Buffett
Bitcoin Likely Still ‘Rat Poison’ at Berkshire Hathaway Even Without Warren Buffett

Warren Buffett, the billionaire investor who helped shape Berkshire Hathaway into a global investment powerhouse, is stepping down as CEO at year-end — but his distaste for bitcoin (BTC) will likely...

Last updated 3 mins ago