Author: Charlotte

Gold took two decades to build its ETF empire. Bitcoin is trying to do it in two years. That is the core observation from Bloomberg Intelligence analyst Eric Balchunas, who argues that Bitcoin ETFs are on a trajectory that closely mirrors the arc of gold ETFs since their launch around 2004. The comparison is not just flattering for Bitcoin. It is also a warning label. Balchunas points out that both Bitcoin and gold share a structural quirk that sets them apart from most investable assets: neither produces cash flows. That means price movement in both assets is almost entirely a…

When it comes to Virginia’s economy, the glass may be half full, or it may be half empty. First, some bad news: In the year that ended May 31, Virginia lost 51,400 jobs. That is the most jobs lost by any state. A good share of those jobs, about 40%, were caused by federal government cutbacks. The Department of Government Efficiency has shut down, but it continues to bite in the commonwealth. However, “even if Virginia didn’t lose any federal jobs, it would still lead the nation in job losses, according to the Bureau of Labor Statistics,” as Dwayne Yancey…

Tokenized gold trading on XRP Ledger surpasses $1 million, boosting blockchain commodity demand.Tokenized gold (XAUa) on the XRP Ledger (XRPL) has exceeded $1 million in cumulative trading volume, signaling growing interest in blockchain-based commodities. This milestone highlights XRPL’s strengths like 24/7 trading, fast on-chain settlement, a… Source link

Send your company’s latest business news to D CEO associate editor Layten Praytor at [email protected]   Private equity firm Citation Capital has announced the close of its inaugural fund, Citation Capital I. The fund was oversubscribed, reaching a hard cap of $1.1 billion in third-party limited partner commitments, with additional commitments from the general partner and affiliates, bringing the fund’s investable capital to $1.2 billion. With co-invest capital, Citation manages $2.1 billion in assets under management.“This Fund brings together a world-class set of limited partners, and we are grateful for their support,” said Tiffany Hagge, founder and managing partner. “Citation was founded on the belief that…

Lancashire-based Buoyant Upholstery has joined forces with Ashwood Designs Group following its sale by NVM Private Equity. Founded in 1909, Buoyant Upholstery is one of the UK’s leading independent upholstered furniture manufacturers. The company employs more than 550 people at its site in Nelson, Lancashire and produces the vast majority of its products in the UK. Joel Rosenblatt, chair of Buoyant Upholstery, said: “NVM has been a highly supportive partner throughout our investment, helping us to invest in the business and continue building on Buoyant’s proud manufacturing heritage. “I want to thank the NVM team for their guidance and practical…

It’s obvious to identify center as a prime position of need for the Los Angeles Lakers during the 2026 NBA offseason.It’s a lot less obvious identifying the right candidate to fill that void.But maybe it shouldn’t be. While Yves Missi may not be the first name that comes to mind among Lakers faithful, he is someone the team has “reached out to” the New Orleans Pelicans in order to discuss, per SNY’s Ian Begley.Missi’s rim-running skill set also happens to snugly fit the very archetype that suits franchise centerpiece Luka Dončić so incredibly well.Missi is a spring-loaded athlete who crushes…

China has reportedly increased its gold reserves significantly in recent months, with the actual figures potentially much higher than official reports suggest. In May and June 2026, China declared increases of 9.95 tonnes and 14.93 tonnes respectively, marking the 20th consecutive month of accumulation. Analysts speculate that actual purchases could surpass these figures by a significant margin, potentially indicating a strategic move by China to bolster its gold holdings amidst declining gold prices. The ongoing accumulation by China comes at a time when gold prices have seen a 16% decline in the second quarter of 2026. Despite this, the People’s…

There is $1.6 trillion in Bitcoin sitting idle, earning nothing, doing nothing. Charles Hoskinson has a plan to put it to work on Cardano, and the plan quietly requires every transaction to burn a little ADA. Whether that saves Cardano or exposes its central problem is the whole question. Summary Cardano founder Charles Hoskinson has laid out a strategy to bring Bitcoin into Cardano’s DeFi ecosystem through a platform called Pogun, targeting the roughly $1.6 trillion in idle Bitcoin. Pogun rolls out in three phases across 2026: a non-margin credit market in the second quarter, a yield application in the…

Lenskart and Meesho among 5 midcap stocks bought by mutual funds in June The Economic Times Source link