The US Federal Reserve is expected to cut interest rates for the first time in 2025, with economists debating between a 25 or 50 basis point reduction. JPMorgan’s David Kelly warns that rate cuts driven by political pressure could negatively impact stocks, bonds, the US dollar, and cryptocurrencies. Many tradersContinue Reading
Google has launched an open-source payments protocol for AI applications, covering cards and stablecoins. Coinbase, the Ethereum Foundation, American Express, Salesforce, and over 60 firms contributed to the project. The initiative builds on Google’s Agent2Agent system, extending it to financial transactions. Google has announced the launch of a new open-sourceContinue Reading
Eric Trump has refuted claims made by the New York Times that the United Arab Emirates was provided access to advanced computer chips in return for a deal involving the Trump-owned stablecoin USD1. In May, it was revealed that UAE-founded investment firm MGX invested US$2 billion worth of Trump-owned USD1Continue Reading
The mining arm of VivoPower International, Caret Digital, will convert part of its mined crypto into XRP, citing the ability to secure exposure to the asset at a 65% discount to market prices. The company’s XRP strategy, which began in May, involves a combination of crypto mining, private placements, andContinue Reading
Next Technology Holding has filed with the SEC to sell up to US$500 million in common stock, with the proceeds potentially being used for additional Bitcoin purchases. The company, which is China’s largest corporate Bitcoin holder, currently holds 5,833 BTC and is ranked 15th among public treasuries, which now collectivelyContinue Reading
American Express has launched Amex Passport, a new program that provides customers with blockchain-based digital travel stamps as non-transferable NFTs on the Ethereum layer-2 network, Base. The initiative is designed to serve as a permanent, decentralised record of a customer’s travel history, replacing traditional physical passport stamps, which are becomingContinue Reading
The REX-Osprey XRP ETF (XRPR) is set to begin trading this week, providing the first regulated XRP access in the US. The fund will hold XRP directly and allocate 40% of its assets to XRP-related ETFs, using derivatives only optionally for additional exposure. Regulatory support for crypto ETFs is developingContinue Reading
Bitcoin experienced volatility, dropping to US$114,461 before recovering to US$115,626, with analysts watching the crucial US$110k–US$116k support range. The US Federal Reserve is expected to announce its first interest rate cut of the year on Wednesday, with only the size of the reduction remaining uncertain. The US Senate confirmed crypto-friendlyContinue Reading
PayPal Links introduces personalised one-time payment links for peer-to-peer transfers. Each link includes pre-set amounts, expires after ten days, and has cancellation options. The feature allows money requests via text, email, or messaging apps for convenience. PayPal has unveiled PayPal Links, a new peer-to-peer (P2P) feature that combines personalised paymentContinue Reading
OKX has launched a new self-managed superannuation fund (SMSF) platform designed to ease the investing process for Aussies looking to add crypto to their retirement nest egg. The platform features “institutional-grade” custody, multi-sig security and reporting tools to ease compliance, and Australian-based support. Crypto is still a very small partContinue Reading
