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Posts published in “Business”

Petroyuan Rises as Physical Oil, Yuan Settlements, and Rare Earth Markets Decouple From Dollar Systems

TLDR: Dated Brent physical oil trades at $141 while futures sit at $107, marking the widest gap recorded since the 2008 financial crisis. Twenty-six ghost fleet tankers settled yuan-based oil trades through CIPS, which hit 928 billion renminbi in daily volume by March 9. China controls 95 percent of heavy rare earth processing...

FDIC Approves GENIUS Act Stablecoin Rule to Govern Reserve, Capital, and Deposit Standards

TLDR: The FDIC Board approved a proposed rule establishing a prudential framework for payment stablecoin issuers under the GENIUS Act. FDIC-supervised IDIs offering stablecoin custodial and safekeeping services will face defined requirements under the new rule. The rule clarifies that tokenized deposits meeting the deposit definition will be treated equally under the Federal Deposit Insurance

The Hunt for Stake.com Alternatives Is Real — And ZunaBet Keeps Showing Up

Ask around any crypto gambling community right now and you will hear the same question repeated in different ways. What else is out there besides Stake? Where should I be playing instead? Is there anything new worth trying? These are not hypothetical questions. Real search data shows a clear upward trend in people looking for

Galaxy Links Broadridge And Tokenized GLXY Shares For May Onchain Proxy Vote Plan

TLDR Galaxy chose Broadridge for an onchain GLXY shareholder vote planned for May. Broadridge expanded ProxyVote to let tokenized equity holders review materials and cast votes. Galaxy earlier used Superstate’s Opening Bell to issue “non-synthetic shares” onchain. The May GLXY vote links tokenized shares with Broadridge’s proxy voting workflow...

Argentine Probe Keeps Milei In Focus After LIBRA Phone Call Report Details Emerge

TLDR NYT said Milei had seven calls with a key LIBRA project figure. The calls came around the time Milei publicly backed the token. LIBRA later collapsed and the project moved into scandal. Milei has “denied wrongdoing” in the ongoing case. Investigators still view Milei as a “person of interest.” Argentina’s President Javier Milei is