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remains near all-time lows as the economy maintains a slow pace of growth amid significant uncertainty. So, despite a small uptick in the unemployment rate, the labour market mainly shows resilience The increased from 6.2 to 6.3% in August. While an increase in the jobless rate is never a good thing, we’d be hesitant to read too much into today’s number. The increase in the number of unemployed people was 11,000 higher than in July, but still 136,000 lower than in June. That puts this uptick into perspective. But employment expectations have steadily weakened over recent years, which means that…

Switzerland’s Sygnum Bank now offers the BTC Alpha Fund, giving clients exposure to Bitcoin price appreciation plus yields for simply keeping the product in their portfolio. Sygnum, a digital asset bank in Switzerland, has recently launched the Starboard Sygnum BTC Alpha Fund. The fund was a product of its partnership with Starboard Digital and Starmark. The partners serve as Alternative Investment Fund Managers (AIFMs) for the fund, while Sygnum provides the product’s regulated distribution and banking infrastructure. Key Features of Sygnum’s BTC Alpha Fund The Cayman Islands-domiciled BTC Alpha Fund basically addresses the trade-offs investors usually face when investing in…

Coinbase just dropped the mic on X: $1 billion in onchain loans using bitcoin as collateral. CEO Brian Armstrong’s already eyeing a 100x leap to $100 billion. DeFi Credit Explodes, Billions Flow Into Onchain Lending On social media, Coinbase and Brian Armstrong announced that the company has facilitated $1 billion in onchain loans, with bitcoin […]

Footwear retailer Genesco has formed the Journeys Global Retail Group, consolidating its Journeys, schuh and Little Burgundy retail brands. The reorganisation is aimed at enhancing the company’s focus on the youth footwear market, with a particular emphasis on female customers. The retailer stated that the restructuring will “boost the company’s global voice, unlock greater growth potential for brand partners and elevate its world-class talent.” The responsibilities of new group include coordinating international operations, supporting brand partnerships and managing talent. Genesco manages more than 1,250 retail outlets across North America, the UK and the Republic of Ireland, alongside its portfolio of…

By Michael S. Derby (Reuters) -A day ahead of what is expected to be very volatile conditions in money markets, a top Federal Reserve Bank of New York official said on Monday that markets are still flush with liquidity, central bank tools are in place to manage temporary hiccups, and in any case some level of chop in money market rates is healthy. “Our indicators currently suggest that reserves are still abundant,” said Julie Remache, deputy manager of the bank’s System Open Market Account and Head of Market and Portfolio Analysis. Her comments indicate she does not see a looming…

Ethereum layer-2 network Base’s non-fungible token (NFT) ecosystem took center stage in September, recording the highest sales count among collections, according to DappRadar data. NFTs on Base captured five of the top 10 spots by sales count in September, with DX Terminal and BasePaint securing the first and second ranks. The strong showing highlighted Base’s rapid ascent as a hub for experimental NFT projects, edging into territory long dominated by Ethereum and Polygon.Despite a surge in sales of Base NFTs, DappRadar data showed that trading volumes remained concentrated on Polygon and Ethereum collections. Polygon-based Courtyard led the month with $43.9 million,…

Chasing after others’ buying can sometimes work, as long as investors have their own unique reason to buy, founded upon sound fundamentals. Recently, Cathie Wood from Ark Innovation ETF chose to expand her horizons beyond the United States technology sector, finding opportunities for undervalued blue chips in China and deploying a few million into some of the biggest names in Asia’s powerhouse. Her choice centered around shares of and as they are now beginning to expand their exposure into the global artificial intelligence race, not to mention a diversified business model attached to one of the world’s fastest-growing middle classes…

Morgan Stanley analysts say a trial to test whether Novo Nordisk’s blockbuster weight-loss drug also will work against Alzheimer’s is likely to fail, as it set the most pessimistic target price forecast of any Wall Street bank on the Danish drugmaker.

The world of Digital Asset Treasury (DATs) has entered a new era, after Strive (ASST) announced an all-stock deal to acquire Semler Scientific (SMLR) this week. The deal marked the first merger of two publicly traded bitcoin treasuries, and according to a Wall Street banker familiar with the situation, this is just the start of a massive consolidation wave among the DATs. The banker, who opted to remain anonymous, outlined three scenarios for how DATS may evolve.Mergers to add more BTCThe first of the three paths is the DAT-to-DAT mergers. Strive’s acquisition of Semler is the first clear example of…

Revolut recently launched a secondary share sale, leading to a staggering new valuation of US$75 billion. This milestone strengthens its position among the world’s leading neobanks and signals a new chapter for digital banking. On 1 September, Revolut announced it had allowed employees to sell up to 20% of their shares, at $1,381.06 a share, resulting in a new valuation of $75 billion—up 66% from its previous $40 billion valuation. This makes Revolut the most valuable neobank in the world, though competitors are not far behind. How did neobanks grow so rapidly?The Rise of NeobanksA little over a decade ago,…