President Trump launched another attack on the Federal Reserve by attempting to remove Governor Lisa Cook, triggering sharp market reactions including a plunging dollar and surging bond yields as concerns over central bank independence intensified.
US Treasury Secretary Scott Bessent’s intervention in yen exchange rates has sent shockwaves through global financial markets, signaling what the Financial Times calls a new era of US ‘currency activism’ that breaks decades of non-intervention precedent.
The US-UK transatlantic digital asset taskforce has released a roadmap promoting cooperation in stablecoin innovation and tokenized assets.
Core Summary The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has officially launched a new blockchain-based ledger system in collaboration with 17 major global banks including HSBC, UBS, Wells Fargo, and Citi. The pilot program spans six continents and focuses on tokenized deposit transactions, marking a significant step by traditional finance into blockchain technology. This initiative aims to enable 24/7 cross-border payment settlement, dramatically improving international fund transfer efficiency. Event Details According to CoinDesk, SWIFT’s new blockchain ledger allows participating banks to conduct real-time transaction pilots using tokenized digital assets. The 17 banks span six continents globally and include financial giants such as HSBC, UBS, Wells Fargo, and Citi. ...
The U.S. Securities and Exchange Commission plans to propose new cryptocurrency regulations as early as this month, aiming to simplify fundraising for blockchain startups.
Crypto exchange Gemini announces zero-commission stock trading in the US, marking a key step toward its goal of becoming an all-in-one financial super app.