Wall Street
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks
The U.S. Federal Reserve is considering whether to launch a CBDC like other nations, and bankers argue that’s a dangerous idea.
From TradFi to DeFi: Jane Street Takes Out $25M USDC Loan
Wall Street trading firm Jane Street made its first stride into decentralized finance (DeFi) by taking out a $25 million loan in USDC from BlockTower Capital via the marketplace Clearpool. “The Hash” group discusses the early stages of Wall Street’s embracement of DeFi, touching on yields and regulatory concerns as institutional players enter the space.
Jane Street Dives Into DeFi With $25M USDC Loan
The Wall Street trading firm made its first DeFi investment last month, backing decentralized lending protocol Bastion.
Highlights From Crypto Bahamas Conference
CoinDesk's Zack Seward, Tracy Wang and Danny Nelson share their key takeaways from this year’s Crypto Bahamas conference, highlighting the participation of Wall Street players. The panel discusses which projects are more represented than others, noting that there seems to be more presence of Solana and Avalanche developers and projects than those involved in Ethereum.
Crypto Markets React to EU Parliament Vote
Ben McMillan, IDX Digital Assets CIO, shares his bitcoin price outlook as the European Parliament passes a measure to outlaw anonymous crypto transactions. Plus, a conversation about Wall Street’s growing interest in decentralized finance (DeFi) and why his firm is bullish on bitcoin for the future.
Bitcoin's Correlation to S&P 500 Hits 17-Month High
The 90-day correlation between the top cryptocurrency and the S&P 500 has risen to its highest level since October 2020.
Goldman Sachs Conducts First Over-the-Counter Crypto Trade With Galaxy
Michael Novogratz's Galaxy says it's building on the relationship with Goldman as more Wall Street clients seek to push into cryptocurrency trading.
Goldman Sachs to Exit Russia Amid War With Ukraine
As Vladimir Putin continues the invasion of Ukraine, Goldman Sachs plans to exit Russia and is the first Wall Street bank to take such actions. “The Hash” examines the impact this will have on everyday Russian consumers as other American businesses like McDonald’s and Coca-Cola also suspend operations in the Russian Federation.
