Finance

Stablecoin startups raise record amounts as total supply seen to hit $1tn

Stablecoin startups raise record amounts as total supply seen to hit $1tn

Investors are ploughing money hand over fist into stablecoin startups. Fourteen companies building products around fiat-pegged cryptocurrencies have raised $537 million so far this year, accordin...

Read More
XRP and DOGE ETFs Smash Records With $54.7M Combined Day-One Volume

XRP and DOGE ETFs Smash Records With $54.7M Combined Day-One Volume

Spot exchange-traded funds (ETFs) tied to the payments-focused XRP (XRP) and the top meme token, dogecoin (DOGE), debuted in the U.S. on Thursday with a bang, drawing significant trading volume. ...

Read More
Japan’s SMBC raises stake in Jefferies to 20%

Japan’s SMBC raises stake in Jefferies to 20%

(Reuters) – Japan’s Sumitomo Mitsui Banking Corp, the banking arm of Sumitomo Mitsui Financial Group, will invest a further 135 billion yen ($912.84 million) in U.S. investment bank J...

Read More
Encore Capital Group (NASDAQ:ECPG) Shines

Encore Capital Group (NASDAQ:ECPG) Shines

Wrapping up Q2 earnings, we look at the numbers and key takeaways for the specialty finance stocks, including Encore Capital Group (NASDAQ:ECPG) and its peers. Specialty finance companies provide...

Read More
Japan Stocks Fall on ETF Plan; Yen and Yields Rise on Rate Bets

Japan Stocks Fall on ETF Plan; Yen and Yields Rise on Rate Bets

The Tokyo Stock Exchange. Photographer: Shoko Takayasu/Bloomberg (Bloomberg) — Japan’s stocks dropped after the central bank said that it will begin selling its holdings of exchange-tr...

Read More