Institutional DeFi players will bring commercial real estate onchain: KPMG exec

DeFi activity from institutions would be more permissioned as market participants will want to know who theyre dealing with, KPMGs Kunal Bhasin said.

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Investors Flock to US Money Market Funds Amid Banking Crisis

Amid banking crisis fears, investors have poured $286 billion into US money market funds in March, with Goldman Sachs, JPMorgan Chase, and Fidelity among the biggest winners. These funds are offering high liquidity and low risk, making them popular during uncertain times. (Read More)

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NY Fed New Rules Cast Uncertainty on Circle's Access to Reverse-Repurchase Program

The New York Federal Reserve has updated its rules for reverse repurchase agreements (RRP), potentially hindering Circle's access to the Fed's reverse-repurchase program. The Circle Reserve Fund is a money market fund only available to Circle and could be deemed ineligible under the Fed's updated guidelines. (Read More)

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Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments

Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin custody pending launch. The launch comes after overcoming regulatory pressures and [...]

The post Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments appeared first on Crypto Breaking News.

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US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of [...]

The post US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’ appeared first on Crypto Breaking News.

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Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market as US Economy Worsens

Arthur Hayes, the former CEO of Bitmex, predicted the coming of a bitcoin bull market in the last two quarters of 2023. In his latest article, Hayes states that for investors, patience is vital, as he explains that the U.S. Federal Reserve will be unable to control inflation as the U.S. debt will lose its

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