Finance

Key Takeaways Ondo Finance will deploy USDY, a lucrative token of short-term American Treasuries and bank deposits, to print 50M in USST stablecoins. Under the next-generation reserve architecture as introduced by STBL, USDY becomes the main collateral, and asset tokenization of institutional-quality assets is deposited to DeFi infrastructure. A method to split the principal and …

STBL Partnered with Ondo Finance to Deploy $50M Stablecoin Minting Read More »

Major institutional investors are leveraging Ethereum ETFs to actively adjust exposure as digital assets become integral to traditional finance strategies. Key Takeaways BlackRock clients sold $80.2 million worth of Ether on Oct. 10, indicating significant outflows from its spot Ethereum ETFs. Ethereum ETFs have experienced both inflows and outflows, with institutions actively rebalancing portfolios. BlackRock …

BlackRock clients sell $80.2M in Ether Read More »

Major banks are evaluating whether blockchain-based digital money can improve payment efficiency, competition, and regulatory compliance for traditional finance. Photo: cmophotoart Key Takeaways Nine major banks formed a consortium to explore issuing reserve-backed digital money on public blockchains. The initiative aims to provide a stable payment asset and enhance financial innovation in cross-border payments. Nine …

Goldman Sachs, Deutsche Bank, and other banking giants unite to explore reserve-backed digital money Read More »

President Trump’s sudden 100% tariff announcement on China triggered a global market sell-off that overwhelmed major crypto exchanges. While centralized platforms suffered issues, DeFi protocols like Aave, Uniswap, and Hyperliquid continued to operate smoothly in the period. The episode reignited debate over whether decentralized systems are better equipped to withstand market shocks than traditional intermediaries. …

DeFi Passes Real-World Stress Test As Major Exchanges Buckle Under Trump’s Tariff Shock Read More »

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Bose angers customers by ending cloud streaming for old speakers Read More »

Topline The Trump administration has started to lay off federal workers, making good on its threats to make permanent cuts amid the government shutdown, budget chief Russ Vought said Friday. President Donald Trump returns to the White House following a visit to Walter Reed National Military Medical Center on October 10, 2025 in Washington, DC. …

White House Begins Threatened Mass Federal Layoffs Read More »

Topline The Canadian boycott of travel to the U.S. continued through September—cementing an enormous economic loss for American tourism in 2025 as visitors from around the world choose not to travel to the States amid geopolitical tensions. Canadian travelers have pulled back from visiting the U.S. in 2025. getty Key Facts The number of Canadians …

Canadian Visits To. U.S. Down 35% By Car And 27% By Air In September Read More »

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United States Baker Hughes US Oil Rig Count came in at 418, below expectations (421) Read More »

The US Dollar Index (DXY) drops by 0.48% to trade around 98.90 on Friday at the time of writing, extending its recent weakness as global investors react to a new escalation in trade tensions between the United States (US) and China. US President Donald Trump said on his social media platform Truth Social that his …

Trump’s tariff threat on China sinks US Dollar as market sentiment deteriorates Read More »

Homepage > News > Finance > Eurozone seeks to boost euro stablecoins amid USD dominance Eurozone finance ministers will reportedly meet on October 9 to discuss how they can support the development of euro-denominated stablecoins, to prevent the sector from being solely dominated by United States Dollar (USD) denominated coins, as is currently the case. …

Eurozone seeks to boost euro stablecoins amid USD dominance Read More »