Latest news with #GENIUS
Yahoo
19 hours ago
- Business
- Yahoo
Citigroup sees 87% upside for surging tech stock
Citigroup sees 87% upside for surging tech stock originally appeared on TheStreet. Citigroup, the global investment banking and financial services giant, recently hiked its price target for the Coinbase (Nasdaq: COIN) stock from $270 to $505. Given the stock closed at $379.49 on July 28, Citigroup expects COIN to soar more than 30%. Founded in 2012, Coinbase is the largest crypto trading exchange in the U.S. The company, which went public in April 2021, joined the S&P 500 list in May 2025. The S&P 500 is a benchmark stock market index composed of large-cap tech companies. Coinbase is the only crypto stock on the much-coveted list, underlining the confidence investors have finally put in the digital assets not only credits the S&P 500 inclusion but also the progress on key crypto bills such as the GENIUS and CLARITY Acts in the U.S. for raising COIN's price target. The investment bank maintained a "Buy" rating on the stock. Q2 earnings report soon The crypto exchange reported $2 billion in total revenue and $66 million in net income in Q1 2025. The Q2 results are expected after market close on July 31. Zacks, the investment research firm, said Coinbase is likely to have recorded a rise in trading volume in the second quarter due to increased asset volatility and improved cryptocurrency prices. A higher share in the U.S. spot and derivatives markets, an expanded product portfolio, global market presence, and Deribit's acquisition, are also factors behind Coinbase's potential better performance, Zacks wrote. "Coinbase's Earnings ESP is +12.05%." It means Zacks expects the company to beat Wall Street's earnings forecast by around 12%. Citigroup sees 87% upside for surging tech stock first appeared on TheStreet on Jul 29, 2025 This story was originally reported by TheStreet on Jul 29, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
a day ago
- Business
- Business Insider
Falcon Finance Unveils Ambitious Roadmap and Reaches 1B in USDf Circulating Supply
Dubai, UAE, July 29th, 2025, Chainwire Falcon Finance today released its strategic roadmap for the next 18 months, marking its evolution from a synthetic-dollar innovator into a full-service financial institution that seamlessly connects traditional banking, centralized crypto and decentralized finance. Since its launch earlier this year, Falcon has reached $1 billion in USDf circulating supply, earning a place among Ethereum's top ten stablecoins by market cap, completed the industry's first live mint of USDf against Superstate's tokenized U.S. Treasury fund, and secured a 116 percent over-collateralization audit from milestones have established Falcon's reputation for institutional rigor and transparent risk management. Building on that foundation, Falcon's priorities for the remainder of 2025 include opening regulated fiat corridors in Latin America, Turkey, the eurozone and additional dollar markets to ensure 24/7 USDf liquidity with sub-second settlement SLAs. A multichain deployment will bring USDf to leading Layer 1 and Layer 2 networks, maximizing cross-chain capital efficiency for corporate treasuries and institutional trading desks. At the same time, Falcon will form partnerships with licensed custodians and payment agents to introduce bankable USDf products, overnight yield cash-management solutions, tokenized money-market funds and physical gold redemption services. Concurrent discussions with U.S. and international regulators aim to secure licenses under the GENIUS and CLARITY Acts and align Falcon's offerings with Europe's MiCA framework. Looking ahead to 2026, Falcon will deploy a modular real-world asset engine capable of onboarding corporate bonds, private credit and securitized USDf funds through SPV-backed structures. The protocol will expand into tokenized equities and USDf-centric investment vehicles on-chain, while developing bank-grade securitizations and licensed rails for automated yield distribution with institutional-level reporting. Falcon will also roll out expanded physical redemption services for gold and other high-value assets in key financial centers including the UAE, the broader MENA region and Hong Kong. Andrei Grachev, Managing Partner at Falcon Finance, said 'Surpassing $1 billion in USDf supply, validating our reserves through third-party audits and delivering the first live RWA mint have proven our ability to marry compliance with innovation. Now, by extending our fiat rails across every major market, modularizing real-world asset tokenization and enabling seamless interoperability between TradFi and CeDeFi, we are creating the connective tissue of tomorrow's financial system. Falcon is building a single, programmable liquidity layer that serves both institutional treasuries and the next generation of decentralized applications.' About Falcon Finance Falcon Finance is building the infrastructure layer that connects capital, collateral, and composability across onchain and offchain financial systems. Our mission is to create a unified framework where institutions, protocols, and capital allocators can transform assets into usable liquidity - transparently, securely, and with strategic flexibility. We enable the use of any yield-generating, custody-ready asset - whether crypto-native, tokenized real-world, or fiat-linked as enforceable collateral for issuing onchain liquidity and unlocking value across different financial domains. By combining legal structure, composable mint/redeem logic, and modular liquidity pathways, Falcon allows capital to move between forms and contexts supporting onchain strategies, institutional deployment, and real-world settlement alike. Learn more: Contact
Newsweek
4 days ago
- Business
- Newsweek
House Freedom Caucus: How We're Delivering For Taxpayers in July 2025
Advocates for ideas and draws conclusions based on the interpretation of facts and data. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The House Freedom Caucus (HFC) accomplished some of its most effective work during July 2025. Hard work, attention to detail, and tough negotiations yielded significant improvements to two of the major initiatives in Congress throughout 2025: the One Big Beautiful Bill (OBBB); and the three digital asset-related bills—GENIUS, CLARITY, and the anti-Central Bank Digital Currency (CBDC) Currency Surveillance State Acts. These victories didn't come easy. They were the product of late nights, relentless scrutiny of legislative text, and a refusal to cave to the laissez-faire, "go along to get along" mentality that has driven Washington towards a fiscal and constitutional crisis. The Freedom Caucus' mission has never been about making headlines—it's about protecting taxpayers and defending liberty, even when it means standing alone. Significant savings in the ever-growing federal spending appetite were enacted in the OBBB through sustained work by the HFC and other fiscal hawks. By applying relentless pressure, providing education to the public, and offering alternative solutions, the HFC helped secure significant savings for the American people in the final piece of legislation. The stakes couldn't be higher. The national debt now stands at a staggering $37 trillion and is rising by nearly $2 trillion annually. Without a decisive course correction, it's projected to soar past $50 trillion in the coming years—crippling future generations with crushing interest payments, stifling economic growth, and leaving America vulnerable to foreign adversaries who hold our debt. Washington elites might dismiss those warnings, but the Freedom Caucus understands what every American already knows: you can't spend your way into prosperity. The victories in the OBBB aren't just numbers on a ledger; they're a down payment on protecting the financial future of our children and grandchildren. WASHINGTON, DC - MAY 21: Rep. Chip Roy (R-TX) (C), accompanied by Rep. Scott Perry (R-PA) (L), Rep. Andrew Clyde (R-GA) (2nd-L), Rep. Eric Burlison (R-MO) (4th-R), House Freedom Caucus chair Rep. Andy Harris (R-MD)... WASHINGTON, DC - MAY 21: Rep. Chip Roy (R-TX) (C), accompanied by Rep. Scott Perry (R-PA) (L), Rep. Andrew Clyde (R-GA) (2nd-L), Rep. Eric Burlison (R-MO) (4th-R), House Freedom Caucus chair Rep. Andy Harris (R-MD) (3rd-R), Rep. Ralph Norman (R-SC) (2nd-R) and Rep. Clay Higgins (R-LA) (R), speaks about the ongoing negotiations between House leadership, the White House and the House Freedom Caucus on the "One, Big, Beautiful Bill" at the U.S. Capitol Building on May 21, 2025 in Washington, DC. MoreEqually important is the fight to stop the federal government from implementing a Central Bank Digital Currency. The Freedom Caucus sounded the alarm for months: a CBDC would not kill or bury the surveillance state, but crown it king, giving the government complete visibility and control over your personal finances. This is not a theoretical threat. The Boston Federal Reserve is already testing CBDC programs, and the examples of abuse are everywhere: China's social credit system, which punishes citizens for political dissent, and Canada freezing of truckers' bank accounts in 2022 for protesting vaccine mandates. Once a CBDC is enacted, those same tools could be used here at home, and no amount of political spin can disguise it as anything other than a direct assault on personal liberty. The anti-CBDC legislation advanced this month is a critical first step in putting up a firewall against this encroachment. Much work remains, but thanks to the Freedom Caucus and its allies, the conversation has shifted, and the American people are gaining awareness of the threats to their personal liberty. The lesson of July 2025 is clear: details matter. Large, complex, thousand-page bills often hide provisions that aren't just wasteful, but dangerous to the very foundation of our republic. Without legislators willing to read the fine print, fight for amendments, and push back against leadership, when necessary, those threats sail through unnoticed. The House Freedom Caucus has never been interested in cocktail party invitations or glowing words from the liberal media. Its members are interested in results—results that protect taxpayers, defend freedom, and keep government within its constitutional bounds. July provided proof that a committed minority can make a difference. The wins in the OBBB and the digital asset bills are not the end of the fight, but they're important victories in the broader battle for limited government and individual liberty. Our nation is better off today because a handful of lawmakers had the courage to stand firm, dig deep, and refuse to rubber-stamp flawed policies. That's what principled leadership looks like, and that's what the American People deserve. Freedom Caucus Members Chip Roy, Scott Perry, Keith Self, Lauren Boebert, Michael Cloud, Eric Burlison, Clay Higgins, Andrew Clyde, Andy Ogles, and Chairman Andy Harris, M.D. contributed to this article. The views expressed in this article are the writers' own.
Business Upturn
5 days ago
- Business
- Business Upturn
Anchorage Digital Partners with Ethena Labs to Launch the First GENIUS-Compliant; Federally Regulated Stablecoin
Business Wire India Anchorage Digital, home to the first and only federally chartered crypto bank, today announced a strategic partnership with Ethena Labs, the creator of USDe and USDtb, to bring USDtb to the U.S. as the first-ever stablecoin with a clear pathway to becoming compliant with the recently enacted GENIUS Act—America's new law to regulate issuance of stablecoins. The launch will be the first to leverage Anchorage Digital's stablecoin issuance platform—a turnkey solution for institutions to launch and distribute fully regulated digital dollars. Anchorage Digital's decision to partner with Ethena, a project focused on developing secure, compliance-driven rails and products that provide institutional investors with access to the unique advantages of digital assets, marks a significant step forward in aligning innovation with regulation in the U.S. financial system. Under the partnership, the USDtb stablecoin—which is currently issued offshore—will be issued in the U.S. by Anchorage Digital Bank, positioning the firm as the leading U.S. stablecoin issuer for institutions seeking compliant, programmable, digital dollars aligned with the highest regulatory standards set by the GENIUS Act. Issuing this stablecoin under the U.S.-compliant framework enables smoother integration with the U.S. financial system and provides institutions with more accessible, regulated pathways to hold USDtb. 'The passage of the GENIUS Act provides the regulatory clarity that enables federally regulated institutions like Anchorage Digital Bank to fully participate in the stablecoin ecosystem. We're proud to support Ethena in bringing their product to the U.S.—helping deliver even greater transparency and confidence to their partners. As stablecoins become a foundational layer of modern finance, it's essential they're built on infrastructure that's secure, compliant, and built to last.' — Nathan McCauley, CEO and Co-Founder of Anchorage Digital 'While we've already seen strong demand for USDtb, we expect GENIUS compliance to empower our partners and holders to confidently and significantly expand its use across new products and platforms. By partnering with Anchorage Digital—the only federally regulated crypto bank in the United States—we reinforce the foundation needed to continue scaling the product without compromising on speed, flexibility, or trust.' — Guy Young, CEO of Ethena Labs Stablecoins are quickly becoming the lifeblood of the future of finance—both in America and globally—powering everything from real-time settlement and cross-border payments to next-generation fintech infrastructure and decentralized markets. By enabling safe, scalable, and regulated issuance, Anchorage Digital is helping ensure that this foundational layer of modern finance is built on trust, resilience, and U.S. leadership. About Ethena Labs Ethena Labs is the creator of USDe and USDtb and a contributor to the Ethena protocol. Ethena is the protocol behind USDe, the third-largest and fastest growing USD-denominated crypto asset in history with over $6 billion in TVL today across one of the largest sets of DeFi users, alongside integrations with some of the largest centralized exchanges and major DeFi applications. Ethena Labs is backed by Fidelity, Franklin Templeton, Dragonfly, Binance Labs, Bybit and OKX among others. About Anchorage Digital Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry's leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Recently, through the enactment of GENIUS, Anchorage Digital Bank became the only U.S., federally regulated and GENIUS-compliant stablecoin issuer bank. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at on X @Anchorage, and on LinkedIn. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
5 days ago
- Business
- Yahoo
Ethena Taps Anchorage to Issue $1.5B USDtb Stablecoin Under GENIUS Act
Decentralized finance (DeFi) platform Ethena is set to bring its $1.5 billion stablecoin to the U.S. market, teaming up with crypto bank Anchorage Digital to issue the token under the new stablecoin laws. As part of the partnership the firms announced on Wednesday, federally regulated crypto bank Anchorage will issue the USDtb token directly in the U.S. under the GENIUS Act's compliance standards. That's a move away from the token's current offshore issuance model, a move that aims to create a pathway for institutions to hold and use the token within regulated financial channels. "While we've already seen strong demand for USDtb, we expect GENIUS compliance to empower our partners and holders to confidently and significantly expand its use across new products and platforms," Ethena co-founder and CEO of development organization Ethena Labs Guy Young said in a statement. Ethena's governance token ENA (ENA) is up 9% over the past 24 hours, outperforming the broader crypto market that saw many altcoins plunge 5%-10% overnight. The market benchmark CoinDesk 20 Index was down 1.3% during the same period. The move comes after President Trump signed the GENIUS Act into law last week, a landmark crypto legislation that sets guidelines for stablecoins and issuers to operate in the country. Stablecoins are a $250 billion and rapidly growing class of cryptocurrencies with their prices anchored to an external asset, predominantly to fiat currencies like the U.S. dollar. Tether, issuer of the largest stablecoin USDT, also announced plans to enter the U.S. market under the new law. USDtb, introduced in December, aims to keep a stable $1 price and is backed predominantly by tokenized money market fund BUIDL, issued by BlackRock and Securitize. The token currently has a $1.45 billion supply on the Ethereum blockchain, per data. Ethena also issues the USDe "digital dollar," a token that generates yield by shorting bitcoin, ether and SOL harvesting funding while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
