Wall Street | Crypto

BNB, the native token powering the Binance ecosystem, has reached a new milestone amid renewed market interest and institutional activity. On July 28, the digital asset briefly hit a record price of $854 before easing to approximately $847.5 at the time of writing. This latest surge marks a 7% daily increase and caps a month-long […] The post BNB hits new ATH above $850 driven by institutional buyers as Wall Street warms to token appeared first on CryptoSlate.

Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. If 2024 was the year of the dragon, 2025 has been the year of the stablecoin. U.S. dollar-backed digital assets, in particular, have taken […] The post Year of the stablecoin: The GENIUS Act, Wall Street, and the dollar’s digital leap appeared first on CryptoSlate.

JPMorgan, Citigroup and Bank of America are all in the early stages of stablecoin development. As crypto markets keep a close eye on Capitol Hill for movement on the GENIUS bill, legacy financial institutions are already laying the groundwork for a future where stablecoin payment rails handle trillions of dollars in client transactions. Once a niche tool used primarily by crypto traders to fund exchange accounts, stablecoins have evolved into one of the industry’s most compelling use cases. Major players like JPMorgan, Citigroup and Bank of America are now competing for a share of this growing market. This week’s Crypto Biz newsletter dives into Wall Street’s accelerating push into stablecoins, highlights an emerging stablecoin network aiming to challenge Tether and Circle, and puts the S&P 500’s latest record high into perspective — by measuring its performance against Bitcoin (BTC). Read more

Wall Street 3.0 replaces legacy systems and gatekeepers with tokenized equity, global inclusion and real-time trading, ushering in a new era of financial democratization and efficiency. Opinion by: Koshiek Karan, founder of BankerX A seismic shift is underway: suits are giving way to smart contracts, trading floors to token pools and bankers to builders.  Just as the internet democratized access to information, blockchain is set to decentralize ownership and redistribute financial power. Read more

Ethereum and Consensys co-founder Joe Lubin said companies adopting ETH treasury strategies will play a critical role in communicating the second-largest digital asset’s value to Wall Street, as major financial institutions ramp up blockchain use and process around 24 million transactions daily. Lubin made the statement during an interview with CNBC on July 8 in […] The post Joe Lubin forecasts Ethereum treasury strategies will reshape Wall Street perception appeared first on CryptoSlate.

Former Binance CEO Changpeng (CZ) Zhao’s YZi Labs has invested in Digital Asset, the institutional blockchain platform Canton Network developer. YZi Labs joins a $135 million Series E round that was first announced on June 24 and includes participation from finance incumbents like Goldman Sachs, Citadel Securities, DRW, and the Depository Trust & Clearing Corporation […] The post CZ to merge ‘Wall Street and blockchain’ alongside Goldman, DTCC, Citadel appeared first on CryptoSlate.

Trump’s early Fed replacement plans rattled markets, accelerating dollar losses and sending DXY to its lowest level since April 2022. Key takeaways: Wall Street poured over $1 billion into Bitcoin ETFs this week amid rising bets on Fed rate cuts and a weakening US dollar. Trump’s early Fed replacement plans intensified dollar selloffs, pushing DXY to its lowest since April 2022. Read more

Tron’s reverse merger will test whether a company can treat its own crypto as collateral without collapsing under the risk. Justin Sun’s Tron is about to challenge what Wall Street considers a legitimate corporate asset, and if it fails under pressure, the fallout could ripple far beyond the company itself. On June 16, toy maker SRM Entertainment announced it will rebrand as Tron Inc and adopt a treasury strategy centered on TRX (TRX), the native cryptocurrency of the Tron blockchain.  The move — widely defined as a reverse merger — is backed by a $100-million private investment, potentially rising to $210 million if warrants are fully exercised. Tron founder Sun will serve as an adviser. Read more

Pakistan’s Crypto Minister Bilal Bin Saqib is pursuing high-level US partnerships with figures like Cantor Fitzgerald’s Brandon Lutnick and NYC Mayor Eric Adams. Pakistan Minister of State for Crypto and Blockchain Bilal Bin Saqib is likely looking to collaborate with Wall Street. A June 6 X post by the Pakistan Crypto Council shows that Saqib met with Brandon Lutnick, the chairman and CEO of Cantor Fitzgerald, a global financial services firm. A separate video included in a separate post shows that he also met with New York City Mayor Eric Adams, who recently said he will ensure a Bitcoin bond is launched in the city. The post reads: The meeting with Lutnick follows his firm’s recently increased interest in crypto. The two reportedly discussed “tokenization, Bitcoin mining, Pakistan’s Web3 future and avenues of collaboration.” Read more

Circle, the issuer of the USDC stablecoin, officially began trading on the New York Stock Exchange (NYSE) on June 5 under the ticker symbol CRCL. The listing milestone marks a significant milestone for the firm as it becomes one of the few major crypto-native companies to go public through a traditional listing. Circle CEO Jeremy […] The post Circle makes Wall Street debut as first major stablecoin issuer on NYSE appeared first on CryptoSlate.