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Share link:In this post: Goldman Sachs is buying a $1 billion, 3.5% stake in T. Rowe Price to push private assets into retirement accounts. The partnership will launch target-date funds, co-branded portfolios, and advice services by mid-2025. Citigroup also announced a deal giving BlackRock $80 billion in client assets to manage starting in Q4.
Share link:In this post: Kevin Hassett accused the Fed of losing independence and overstepping its mandate. He slammed the job data system as broken and called for urgent modernization. Kevin backed a full review of the Fed’s roles in policy, regulation, and research.
Share link:In this post: Old Const says Bitmain faked breaches to end their deal and seize mining equipment. The company wants a court order stating that disputes must stay in Texas based on the agreement. Old Const is seeking an injunction, damages, and legal fees from Bitmain.
Share link:In this post: El Salvador’s central bank bought 13,999 troy ounces of gold worth $50 million. The bank says gold will diversify reserves and provide stability, especially as Bitcoin holdings remain volatile. The move follows the global trend of central banks buying over 1,000 tonnes of gold collectively.
The entire Web3 industry is full of outsider assumptions about the social sector.
The list of candidates for the Federal Reserve Chair has been announced, featuring 11 elites from various political and business sectors. The market is paying close attention to the independence of monetary policy and the candidates' stances on crypto assets. Summary generated by Mars AI Model. The accuracy and completeness of this generated content are still being iteratively improved.
- 00:37Circle announces that native USDC and CCTP V2 will be deployed to HyperliquidAccording to a report by Jinse Finance, Circle's official blog announced that native USDC and CCTP V2 will be deployed on the Hyperliquid blockchain, supporting USDC deposits and withdrawals in HyperCore and HyperEVM applications. Users can utilize CircleMint for institutional-level deposits and withdrawals, while developers can leverage CCTP V2 to enable secure cross-chain transfers of USDC between Hyperliquid and other supported blockchains. USDC will serve as the core stablecoin for financial applications and trading within the Hyperliquid ecosystem.
- 00:27Data: A certain whale withdrew WLFI and BLOCK worth $2.868 million from CEXChainCatcher news, according to monitoring by Onchain Lens, a whale (0x8c4...6cad) withdrew 10.25 million WLFI (worth $2,340,000) and 5.67 million BLOCK (worth $528,000) from CEX. Currently, this whale holds a total of 72.83 million WLFI (worth $1,639,000) and 17.23 million BLOCK (worth $1,200,000).
- 00:27Six major South Korean banks "actively considering participation in testing," plan to digitize treasury subsidies into cryptocurrencyJinse Finance reported that South Korea's six major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, and IBK) have expressed to the Bank of Korea their active consideration to participate in tests related to treasury subsidies. It is reported that since the end of August, the Bank of Korea's digital currency department has contacted the relevant personnel in charge of virtual assets and digital currency at these banks one by one by phone to inquire about their willingness to participate. The focus of this test is to examine whether the current subsidies or vouchers (government-guaranteed coupons) paid by the government from the treasury can be issued and used in the form of digital currency by beneficiaries. The Bank of Korea and the Ministry of Economy and Finance are expected to hold a briefing as early as mid-month to introduce the test schedule and main test content to the banks that have expressed interest in participating. If preparations go smoothly, the actual test may take place in the first half of next year.