Stablecoins, pegged to the US dollar and backed by Treasurys, are revolutionizing finance despite original crypto intentions. President Trump champions their adoption, viewing them as a path to making America the ‘Crypto Capital.’ These digital assets, now worth $300 billion, offer a stable haven within the volatile crypto market, significantly impacting the Treasury market.Read More
Edelweiss Financial Services has secured fresh capital for its alternatives arm, EAAA India Alternatives, selling a 4.4% stake for ₹375 crore. This move precedes the platform’s planned listing in India’s private credit and real assets sector, with EAAA currently managing approximately ₹68,175 crore in assets.Read More
JPMorgan’s trading desk is tactically bearish on US stocks, warning of a potential 10% S&P 500 correction due to the ongoing Iran conflict. Traders are unprepared for this drop, with positioning currently neutral. Oil prices surged above $100 a barrel, raising stagflation concerns, though these risks could subside if the conflict is short-lived.Read More
Nasdaq on Monday announced it will collaborate with Payward, parent company of cryptocurrency exchange Kraken, to develop tokenization infrastructure, aiming to capitalize on the growing interest in blockchain-based equities.Read More
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