Crypto for Advisors: What are tokenized deposits?
Happy Thursday, advisors! In today’s newsletter, Laurie Rosini, partner at McDermott Will & Schulte, explains why banks are moving deposits…
Category: Financial
Franklin Templeton gets SEC clearance to bring tokenized assets into traditional funds
Franklin Templeton is preparing to use tokenized assets inside conventional investment funds after receiving SEC staff relief allowing its funds…
Hudson River Trading signs multibillion dollar CoreWeave AI computing deal
Hudson River Trading signed a multiyear agreement worth billions of dollars with CoreWeave to expand the computing infrastructure used for…
Chamath Palihapitiya warns data center revolt could dent US GDP
Investor Chamath Palihapitiya issued a warning in an X post on Thursday. He argued that the political finger-pointing surrounding the…
Crypto, AI and betting firms drive record US midterm spending
A new group of industries is reshaping political spending in the US as cryptocurrency, artificial intelligence and online betting companies…
Nasdaq-listed company warned it may not survive 12 months after its crypto treasury crashed 46%
Cosmos Health’s crypto treasury was down about 46% at the end of June as the Nasdaq-listed company warned that recurring…
Tether-backed Antalpha’s loan TVL declined $696 million as its gold bet returned a $22 million loss
Antalpha’s facilitated loan book shrank by $696 million in the second quarter as losses on tokenized gold holdings at its…
Fed Chair Kevin Warsh Pledges Price Stability as Treasury Doubles Debt Buybacks
Federal Reserve Chair Kevin Warsh is maintaining his focus on price stability as the Treasury doubles long-term debt buybacks, raising…
Datavault wants to buy a bank and fund it with $35 million after reporting $1.4 million cash
Datavault AI has agreed to acquire BankWyse, a Wyoming banking institution, while promising funding substantially larger than the cash it…