Key Highlights: The Cboe Volatility Index (VIX) surged 21.5% to reach 19.99 on Friday, marking its steepest single-day gain since June 5. Equity markets declined as the S&P 500 fell 1.09%, weighed down by intensifying concerns surrounding artificial intelligence valuations and geopolitical headwinds. Bitcoin exhibited steady to choppy price action near $81,030.77 over the weekend, ...
Key Highlights Goldman Sachs CEO David Solomon compared asset tokenization to Wall Street’s shift to electronic stock trading nearly 50 years ago, suggesting the technology could expand the firm’s business. The investment bank continues to expand its digital asset infrastructure via its proprietary GS DAP platform and recent trials with the Depository Trust & Clearing ...
Key Highlights: Cryptocurrency and digital asset leaders are building systems for current operational realities rather than waiting for congressional action. Fragmented federal and state regulatory frameworks have made compliance departments among the largest divisions within platforms such as Uphold. Institutions launching isolated, private networks for tokenized assets are creating interoperability challenges across the financial ecosystem. ...
Key Highlights Federated Hermes is shifting to directly issue tokenized fund share classes in-house, moving beyond earlier third-party partnerships. The asset manager plans to target its substantial liquidity-management division first, utilizing money market funds as the initial proving ground. Wall Street’s broader tokenization push includes giants such as BlackRock, Franklin Templeton, JPMorgan, and New York ...
Key Highlights Evernorth enters the public markets with an active treasury of approximately 473 million XRP alongside roughly $300 million in gross cash proceeds. Trading under the ticker XRPN, the vehicle provides Wall Street investors exposure to an operating treasury deploying capital into yield strategies, on-chain credit, and XRP ecosystem infrastructure. Technical analysts eye a ...
Traders work on the floor at the New York Stock Exchange in New York City on Aug. 24, 2026. Stock futures fell early Tuesday after…