Standard Chartered cuts 15% of corporate roles by 2030 Standard Chartered said on Tuesday it will cut more than 15% of corporate functions roles by 2030 as part of a broader push to raise productivity, lift returns and redirect resources toward faster-growing businesses.…
DeFi bank run exposes fragile deposits after $292M exploit A $292 million exploit at KelpDAO late Saturday triggered roughly $10 billion in withdrawals across DeFi and forced multiple protocols to freeze rsETH-linked markets, underscoring how quickly confidence can erode in a sector built…
Bitcoin ETF Outflows Hit $649 Million in Single Day U.S. spot Bitcoin ETF outflows totaled $649 million on May 18, the largest single-day withdrawal from the group since January, as demand cooled after a weak stretch in crypto prices and broader risk assets.…
Bitcoin ETF outflows hit $124.5M as volume softens U.S. spot Bitcoin ETFs posted a second straight day of net outflows on Wednesday, with total redemptions reaching $124.5 million as trading volume and fund flows eased after Monday’s strong inflow session. The move matters…
Minnesota Banks Win Crypto Custody Powers as Self-Storage Falls Minnesota has moved to let state-chartered banks and credit unions offer cryptocurrency custody services starting Aug. 1, a step that gives local institutions a regulated path into digital asset safekeeping as more retail holders…
Qivalis adds 25 banks to euro stablecoin project Qivalis, the Amsterdam-based euro stablecoin consortium, said on Wednesday it had added 25 new banks, lifting total membership to 37 and moving the project closer to a planned launch in the second half of 2026.[1][2]…
South Korean Funeral Firm Posts $33M Loss on ETH ETF South Korean funeral operator Bumo Sarang has logged a paper loss of about 49.3 billion won, or roughly $33 million, after investing customer-linked funds in a leveraged Ethereum-related ETF, according to local reporting…
Polymarket opens private-company markets for retail traders Polymarket has launched prediction markets tied to private-company milestones, opening a new retail-facing venue for speculation on valuations, IPO timing and secondary share activity in some of the world’s largest startups. The move matters now because…
OpenAI Opens Singapore AI Lab as Crypto Inflows Fall OpenAI has committed more than S$300 million, or about $234 million, to open its first applied AI lab outside the US in Singapore, a move announced Wednesday that underscores how regional capital is continuing…
