Hargreaves Lansdown says bitcoin lacks intrinsic value and shouldn’t be part of portfolios, even as it prepares to launch crypto ETN trading for clients early next year.
Trump’s 100% tariff warning on China ignited a global sell-off that wiped out $16 billion in leveraged crypto longs and pushed Ethena’s USDe to a rare sub-$1 print.
The unnamed investor bought nearly 13 million shares from the company and some executives. The firm intends to use the proceeds to boost its Helios data center project.
Some on-chain investment funds may arrive packaged as “innovation” but conceal higher costs, weaker protections, or unnecessary complexity, Prometheum’s co-CEO Aaron Kaplan argues.
American Ventures LLC, of which Dominari is a member, made an undisclosed investment in the Hemispheres Foundation, the principal stewards of the Hemi project.
Once a guaranteed pop, new token generation events are now struggling to hold value — with CAMP, XAN and XPL plunging as investor enthusiasm fades and tokenomics weigh heavy.
The Finance Ministry noted growing crypto adoption, while the central bank laid out plans to let banks participate under strict capital and reserve requirements.
The decision marks a major expansion for the bank’s $8.2 trillion wealth and investment management business and suggests a growing acceptance of crypto as an asset class for mainstream investors.