Banks Commit $270 Million to Stablecoin Venture: Report
The reported funding would cover five years of operations for the issuer, whose consortium has targeted a first-half 2027 dollar stablecoin launch.
Goldman Sachs, Citi among banks said to commit $270 million to stablecoin venture
The venture, known as Project Faro, plans to issue a dollar-denominated stablecoin and is expected to be incorporated in the U.S.
Hot US inflation raises odds of half-point Fed hike in December
US inflation came in above forecasts in October, increasing expectations of a bigger rate hike in December and raising concerns for crypto investors.
BitGo (BTGO) Misses Revenue Estimate by 32% Despite Profit Jump
TLDR BitGo closed Monday at $5.10, up 4.94%, then slipped 1.14% after hours to $5.04. Q3 net income rose 94% to $44.1 million, driven by a $71.5 million unrealized crypto gain. Revenue fell 51% to $2.85 billion, missing the $4.2 billion consensus by 32%.…
Plume Affiliate Kimber Digital Securities Secures FINRA Membership and SEC Broker-Dealer Registration
Plume announced that its affiliated broker-dealer, Kimber Digital Securities, has received FINRA mem...
TON Strategy earns $13.1 million from GRAM staking in Q3 as Telegram rolls out native wallet
TON Strategy reported $13.1M in Q3 revenue, mostly from GRAM staking, and a $24M net loss as Telegram rolled out its native Gram Wallet.
Onchain Lens: $891M Potentially Moved or Laundered Following $6.34B Binance Hack
According to Onchain Lens, approximately $891 million in assets from the previous $6.34 billion Bina...
Why Bitdeer (BTDR) Stock Fell Even After Revenue Beat by $70 Million
TLDR Bitdeer posted record Q3 revenue of $320.7 million, up 89% and above estimates of $251.11 million. The per-share loss was $0.46, wider than the $0.37 analysts expected. Net loss grew to $125.5 million from $30.1 million, as cost of revenue jumped to…
Nvidia Shareholder Sues Jensen Huang Over Affair With Suspected Chinese Spy as Stock Sheds $190B
Nvidia said in October that export-diversion claims against that customer had been investigated and debunked.
Zeta Global (ZETA) Stock Snaps Back 7% as Analysts Applaud 21st Straight Quarterly Beat
TLDR Zeta Global (ZETA) stock rose about 7% on Tuesday after Q3 results. Revenue hit $492.7 million, up 46% from a year ago. The company raised its 2026 outlook for revenue, adjusted EBITDA, free cash flow and GAAP EPS. Super-scaled customers rose 18% to…