Author: Charlotte

WASHINGTON–Credit unions looking to understand how payment stablecoins could affect their operations—and what the new GENIUS Act means for the industry—have a new resource from America’s Credit Unions that outlines the law, the regulatory framework and key issues institutions should be watching.The GENIUS Act was signed into law in July 2025 and creates a regulatory framework for stablecoins. Multiple federal agencies, including the NCUA, are developing implementing regulations, though none have been finalized yet. The GENIUS Act takes effect on either Jan. 18, 2027, or 120 days after the primary federal payment stablecoin regulators issue final rules, whichever is earlier.…

Saba Capital has doubled its holding in HarbourVest Global Private Equity (HVPE) to 10%, strengthening its position ahead of next week’s continuation vote. A stock market filing today showed the US activist hedge fund, which has proved a hostile shareholder in trusts such as Edinburgh Worldwide (EWI) and Impax Environmental Markets (IEM), lifted its HVPE stake from just over 5% on Tuesday. The position largely comprises of swap derivatives held by Saba funds, including the Dublin-based Saba Capital Investment Trusts ETF launched last year. HVPE is holding its first continuation vote at the annual general meeting on 15 July in…

Collaboration Demonstrates How Data Infrastructure Is Becoming the Key Lever for Lower Cost-Per-Token, Faster Time-to-First-Token, and Higher AI Factory EfficiencyPARIS–(BUSINESS WIRE)–#AI–DDN, the global leader in AI and data intelligence solutions, today announced continued progress in its collaboration with Nebul, a European leader in providing sovereign-hybrid cloud solutions, to optimize large-scale AI inference performance through advanced KV Cache acceleration and high-performance data infrastructure. The collaboration brings together Nebul’s AI inference platform, DDN’s Infinia data intelligence architecture, and NVIDIA accelerated computing technologies to address one of the most important challenges facing production AI environments: maximizing the economic return on AI infrastructure investments…

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SS&C announced that it is working on supporting regulated digital cash for the settlement of tokenized funds. Last year SS&C spent just over $1 billion acquiring fund distribution platform Calastone, one of the earliest adopters of blockchain technology in the asset management sector. SS&C is considered the largest third party transfer agent for mutual funds, and more than $45 trillion in assets run on its technology. The announcement implied the plans are early stage, given it didn’t mention any particular stablecoins or tokenized deposit networks. Digital cash could support atomic settlement or delivery versus payment, thereby reducing settlement risk, and…

PGIM India Mutual Fund announces temporary suspension of fresh subscription in its 3 international funds The Economic Times Source link

New Coventry 17.5m mast plan near family homes branded ‘visually oppressive and intrusive’ Trending Now Infrastructure Source link

[Image: ChatGPT] According to SA’s Minister of Finance, Enoch Godongwana, the government will not be introducing a wealth tax on South Africa’s richest citizens. Apparently, this is because they feel that the measures currently in place to tax wealth in the country are sufficient. This was said in a written parliamentary reply after Economic Freedom Fighters (EFF) MP, Carl Niehaus, asked about measures to address inequality, including a wealth tax on the super-rich and the nationalisation of key strategic sectors. He also asked what steps the government was taking to address the impact of rising fuel prices and broader cost-of-living…

The $XRP Ledger’s newest server software, v3.2.0, designed to make the network cheaper to run, more stable, and more attractive for institutional use, is gaining adoption. However, it has yet to overtake the previous version (3.1.3) across the wider network, and the key security fixes that come with it remain in the voting process. Of the approximately 833 active nodes on the $XRP Ledger, the machines that store and relay the ledger, about 43% are running v3.2.0 and 51% are still on v3.1.3, XRPSCAN data shows. While overall node adoption appears relatively slow, validators, or entities that matter most to…

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $58.56 per troy ounce, down 2.34% from the $59.97 it cost on Tuesday.Silver prices have decreased by 17.61% since the beginning of the year.Unit measureSilver Price Today in USDTroy Ounce58.561 Gram1.88The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 69.27 on Wednesday, up from 68.47 on Tuesday. Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange.…