Wall Street giants Goldman Sachs and BNY are preparing to offer institutional investors access to tokenized money market funds, which could unlock real-time settlement, 24/7 market access and more efficiencies across capital markets. Decentralised finance whales have pulled a whopping $1.7 billion worth of Ethereum from lending protocol Aave over the past week. As a result, available liquidity has shrunk and temporarily sent the interest rate the protocol charges borrowers to more than 10%.
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The Federal Reserve got a new legal headache Thursday when a money manager sued Chair Jerome Powell and other central bank policymakers in a Washington, D.C., federal court. Azoria Capital's lawsuit asks the court to issue a temporary restraining order compelling the Fed's Federal Open Market Committee (FOMC) to open its deliberations to the public starting next Tuesday and Wednesday, when central bank policymakers gather in Washington to decide on their next interest rate move.
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News of crypto company’s IPO plans comes months after reports that BitGo was considering a listing, and days after President Donald Trump signed into law a trio of crypto-related bills, kicking off a wave of optimism about the digital asset sector. China is now gearing up for it's first-ever signs of easing up it's crackdown on cryptocurrencies. We breakdown four major companies that may create an IPO boom.
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