Cantor Fitzgerald faces Senate Democrat’s probe over Tether ties
The letter follows a report by the Democratic investigators last month alleging Tether’s USDT has become a key tool for Iran’s shadow banking network.…
China’s P2P stablecoin wallets surge 43x, Korea’s $450B crypto economy: Asia Express
Despite ongoing bans, China has seen a big surge in peertopeer stablecoin use. New figures show South Korea’s $450B crypto economy is the largest in East Asia.…
Micron, Nvidia and AI chip stocks fall as report on OpenAI’s revenue causes ‘undue concern’
OpenAI’s annualized revenue reportedly fell short of expectations — but analysts say that reflects differences in how the figure is reported, not weakness in…
PepsiCo CEO’s message to employees: If you’re not producing growth, you’re out
PepsiCo CEO Ramon Laguarta says that everything at the company that is not related to growth will not be part of the company. Source：MarketWatch
Feel like a pumpkin-spice burrito? Analysts try to wrap their heads around a possible Starbucks-Chipotle tie-up.
Starbucks investors would likely not be happy about the company adding debt to finance a deal to buy Chipotle, given that it already has a high debt load.…
A big AI super PAC tried to follow crypto’s playbook to influence the midterms. Critics say it’s not working out.
The political action committee says it’s “continuing to build a durable coalition that wants America to remain the global leader in AI development.”…
With mortgage rates soaring above 7.5%, the smart money rents in America
If buying a home right now is such a great idea, why doesn’t Wall Street want to do it? Source：MarketWatch
Federal Reserve Board announces enforcement action against American Express Company to address, among other things, the firm’s failure to sufficiently detect and report certain suspicious activity related to money laundering
Federal Reserve Board announces enforcement action against American Express Company to address, among other things, the firm’s failure to sufficiently detect…
How to downsize like a pro — and free yourself from being a ‘prisoner of your possessions’
Seven tips for painlessly moving in retirement. Source：MarketWatch
Securitize stock jumps over 10% after launching tokenized US equities on Solana
Securitize’s new offering gives eligible investors access to tokenized shares of 12 US companies, with dividend and voting rights and plans for roundtheclock…
NFL backs New Jersey authorities in SCOTUS petition over Kalshi
According to the league, Kalshi and other prediction markets “threaten game integrity” because many event contracts are “highly susceptible to manipulation.”…
The options market is reminding investors there’s a cure for rising bond yields — higher yields
The MOVE Index — the Treasury market’s “fear gauge” — has reached heights that in the past suggested yields may have peaked, at least for now.…