Author: Charlotte

Grayscale withdraws ETF filings for Cardano, Polkadot, and Hedera amid stalled SEC approvals.Grayscale Investments has withdrawn its registration filings for three planned spot ETFs tracking Cardano, Polkadot, and Hedera, citing no intention to proceed with their distribution. These ETF proposals had seen no progress for months, with NYSE Ar… Source link

The big picture: In an interview on CoinDesk’s Public Keys, Bitwise Head of Research Ryan Rasmussen said investors are underestimating Circle’s opportunity as stablecoins move toward a multi-trillion-dollar market.Rasmussen expects the stablecoin market to grow from roughly $300 billion to between $3 trillion and $5 trillion.He said Circle is particularly well positioned as U.S. stablecoin regulation takes shape, with its existing market share giving it a head start.“I think we’ll look back five years from now and Circle will be not only a stablecoin giant, but a payment giant,” Rasmussen said.Closer look: Rasmussen’s thesis isn’t just that more stablecoins mean…

Long-run changes to American demography could be observed in the July U.S. employment report with the decline in the labor force participation rate of those 55 and older to 36.9%. Over the past year, participation among that cohort has declined from 38.1% to 36.9%, or 1.2%, which is broadly comparable to the 1.7% decline during the worst of the pandemic. When seen through a longer time frame, there are now 27 million more Americans age 65 and older than there were in 2005. In 2005, that group comprised 12% of the population; by 2025, it was 18%. The baby boom…

The Minnesota Timberwolves have been desperate to find quality point guard minutes this season. Mike Conley was relegated to full bench duties, and Rob Dillingham has not panned out in the slightest in his brief time in the NBA. The Wolves have now acquired their solution to some of these point guard minutes they need.Minnesota is trading Dillingham, Leonard Miller and four second-round picks to the Chicago Bulls in exchange for Ayo Dosunmu and Julian Phillips.Does that fix the Wolves’ issue? Should they have given Dillingham more time? Is Chicago a good spot for Dillingham to develop and turn his…

The views presented here do not necessarily represent those of Advisor Perspectives. What stock fund could be safer than a total U.S. stock market index fund with thousands of securities? That was my thinking for the last three decades, but things are changing. First, there is concentration risk, with nearly 35% of the total weight of the Vanguard Total Stock Market ETF (VTI) in its ten most valuable companies. Now, the mega-cap IPOs have started, with SpaceX (SPCX) rapidly reaching a $2 trillion market capitalization before declining slightly. More are coming, as shown below with estimates by Pitch. Although SpaceX…

At the start of the new week, two major treasury transactions were recorded in the stablecoin market, clearly illustrating the division of digital capital into two parallel and non-overlapping directions. According to on-chain tracker, Ripple carried out a scheduled issuance of $10 million in $RLUSD stablecoins on the $XRP Ledger. Almost simultaneously, Tether conducted a routine issuance of $1 billion in USDT on the Tron blockchain, increasing its treasury inventory on the network to $91 billion. The difference in volume is explained by the fundamentally different business models of the two issuers. With its enormous turnover, Tether serves the needs…

CINCINNATI (Cincinnati Business Courier) – A Texas real estate investment firm has closed on the purchase of two Cincinnati-area industrial properties as part of an Ohio portfolio acquisition valued at $100 million.Dallas-based Swift Creek Partners in June, through Scivf Ohio Holding LLC, acquired two industrial buildings in West Chester Township and two industrial buildings in the Columbus area.Swift Creek Partners financed the portfolio deal with a $65.7 million mortgage loan from Fifth Third Bank.Read the full story from the Cincinnati Business Courier.Cincinnati Business Courier is a Local 12 News partner Source link

Investing.com — Marex Group (NASDAQ: MRX) plans to begin accepting Bitcoin and Ethereum as initial margin collateral for derivatives later this year, extending its stablecoin program announced last month, Investing.com has learned. The firm announced in mid-July that clients would be able to post USDC, the dollar-denominated stablecoin issued by Circle, as initial margin, in what it described as the first stablecoin-powered initial margin transaction. The debut trade was executed with Prime Trading LLC, with Coinbase providing custody, fiat conversion and reporting infrastructure. “Yes, we are planning to accept BTC and ETH later this year,” Stephen Hood, head of clearing,…

We study the relation between the presence of superstar firms and college students’ major choice. Occurrences of superstar performers in an industry are followed by a sharp rise in the number of college students choosing to major in related fields. This cohort effect remains significant after controlling for lagged industry returns and wages. Students’ tendency to follow superstars, however, is met with lower real wages earned by entry-level employees when these students enter the job market. Further evidence from two college graduate surveys shows that such adverse career outcomes can last for decades. Source link

China’s response to President Trump’s new round of tariffs was muted. Beijing issued a statement in protest, but unlike in past rounds of tit-for-tat, it did not lob a counter.China has cause to be low key. It has so far emerged from the trade war with the United States in a better position. One year ago President Trump threatened tariffs on Chinese goods as high as 145 percent. The levies that Mr. Trump imposed on Chinese goods on Friday were just 12.5 percent.Factoring in earlier tariffs, including those from Mr. Trump’s first presidency, the overall average weighted tariff on Chinese…