Shutdown Jobs Data Finally Released, and It’s Not Pretty
The grim unemployment numbers had little impact on bitcoin, which was already in the doldrums, but stocks were sent tumbling. Shutdown Jobs Report: The Official Numbers Are In, and They’re…
Hong Kong-Based Redotpay Secures $107M to Expand Stablecoin Payment Services
Redotpay, a Hong Kong-based fintech focused on stablecoin-powered payments, has raised $107 million in a Series B funding round as fiat-pegged token transaction volumes and user adoption continued to climb.…
RedotPay raises $107M Series B led by Goodwater for stablecoin payments
The company said the funds will support acquisitions, licensing efforts and expanded hiring as it enters new markets.
US senator sounds alarm on DeFi, cites PancakeSwap amid market structure delay
With the US Senate set to break for the holidays, Senator Elizabeth Warren asked Justice and Treasury Department officials to disclose any potential investigations into the DeFi platform.
FDIC Moves GENIUS Act From Law to Practice With Stablecoin Rules
The Federal Deposit Insurance Corporation has issued its first official proposal outlining how banks can obtain approval to issue payment stablecoins, marking the GENIUS Act’s regulatory framework moving from statute…
S&P 500’s top 7 stocks account for 26% of earnings, reflecting historic concentration
S&P 500 concentration reaches historic highs as the top 7 stocks contribute 26% of earnings, dominating multiple key sectors. The post S&P 500’s top 7 stocks account for 26% of…
Meta tests Instagram TV app on US Amazon Fire devices
Meta tests its Instagram TV app on Amazon Fire TV in the US, bringing short-form Reels videos and shared accounts to bigger screens. The post Meta tests Instagram TV app…
Bitcoin treasury Kindly MD faces potential delisting after Nasdaq price notice
The company has 180 days to regain compliance with Nasdaq’s minimum bid price requirement after its shares traded below $1 for 30 consecutive business days.
SEC ends probe into Aave after four years, CEO says
According to a letter posted by the protocol’s founder and CEO, the US agency does “not intend to recommend an enforcement action” against Aave.
3 reasons why trader demand for XRP evaporated: Is $1 next?
XRP fails to find demand under $2 as futures volume on Binance fell by 96% and traders’ use of leverage hits new lows. Is $1 XRP the next stop?
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