Workflow
Digital Assets
icon
Search documents
Wyoming State-Backed Stablecoin FRNT Is Live: Yield to Fund Education
Yahoo Finance· 2026-01-09 08:29
Core Insights - Wyoming has transitioned from a state known for traditional industries to a hub for cryptocurrency, embracing digital assets and creating a favorable legal environment for crypto companies [1][2] Group 1: Legal Framework and Innovation - Wyoming has established itself as a leader in drafting comprehensive crypto laws, creating a legal "bridge" between traditional law and digital assets, which provides specific protections for crypto companies [2] - The state has launched the Frontier Stable Token (FRNT), the first stablecoin issued by a US state, aimed at providing a stable digital currency pegged to the U.S. dollar [3] Group 2: Financial Structure and Management - FRNT is backed by cash and short-term US Treasuries, with state law requiring additional reserves, ensuring that the stablecoin is overcollateralized with a +2% buffer [4] - The reserves for FRNT will be managed by Franklin Templeton, a major investment firm with over $1 trillion in assets, while custody will be handled by Fiduciary Trust Company International [4] Group 3: Market Position and Profit Utilization - The stablecoin market is currently valued at over $312 billion, with significant profits generated by stablecoin issuers like Tether, which reported over $10 billion in profits by Q3 2025 [6] - Unlike other stablecoin issuers, Wyoming plans to allocate all profits from FRNT to fund education through the Wyoming School Foundation Program, rather than distributing profits to shareholders [7]
MARA Holdings (MARA) Faces Pressure After Bitcoin Drop
Yahoo Finance· 2026-01-09 08:16
Group 1 - MARA Holdings, Inc. (NASDAQ:MARA) is identified as one of the 12 stocks expected to rebound according to Wall Street analysts, despite a price target reduction from $22 to $15 by Rosenblatt, which maintained a Buy rating on the stock [1] - Bitcoin miners, including MARA, have faced significant challenges in 2025 due to high network competition and a sharp decline in Bitcoin prices, leading to increased pressure on pure play miners [2] - The recent downturn in the crypto market has negatively impacted crypto mining companies, including MARA, which previously benefited from long-term contracts for cheap electricity; many are now pivoting towards AI data centers for large tech firms [3] Group 2 - Matthew Sigel, portfolio manager of VanEck Onchain Economy ETF, highlighted that stocks like MARA combine the themes of digital assets through Bitcoin exposure and AI, although the macro environment has shifted, resulting in punishment for these companies [4] - While MARA shows potential as an investment, certain AI stocks are perceived to offer greater upside potential with less downside risk, indicating a competitive landscape for investment opportunities [5]
LiveOne (NASDAQ: LVO) Achieves Major Milestones, Closes $65M+ in Partnership Revenue
Globenewswire· 2026-01-08 13:00
Core Insights - LiveOne has announced significant financial and strategic milestones, focusing on growth, profitability, and balance-sheet strength [1] - The company is expanding B2B partnerships, reducing costs, paying down debt, and raising capital to enhance long-term value creation [1] Company Overview - LiveOne is headquartered in Los Angeles, CA, and operates as a creator-first music, entertainment, and technology platform [2] - The platform offers premium experiences and content through memberships and live and virtual events, with subsidiaries including Slacker, PodcastOne, and others [2] Financial and Strategic Developments - LiveOne has identified $4–5 million in incremental cost savings through expanded AI initiatives [5] - The company has surpassed 1.4 million total members and ad-supported subscribers, including Tesla customers [5] - LiveOne has established a record B2B pipeline with over 100 partnerships across various sectors including carriers, retail, consumer electronics, entertainment, automotive, and hospitality [5]
Stablecoins, Regulation, Mining And 2026 Outlook
ARK Invest· 2026-01-08 11:00
Welcome to FYI, the four-year innovation podcast. This show offers an intellectual discussion on technologically enabled disruption because investing in innovation starts with understanding it. To learn more, visit ark-invest.com. Ark Invest is a registered investment adviser focused on investing in disruptive innovation. This podcast is forformational purposes only and should not be relied upon as a basis for investment decisions. It does not constitute either explicitly or implicitly any provision of serv ...
Solana Accelerate Joins Consensus Hong Kong, Bringing Web3's Most Dynamic Community to Asia's Premier Crypto Gathering
Prnewswire· 2026-01-08 07:00
Core Insights - CoinDesk collaborates with the Solana Foundation to introduce Solana Accelerate at Consensus Hong Kong, scheduled for February 10-12, 2026, with the event specifically taking place on February 11 [1][2] Group 1: Event Overview - Solana Accelerate aims to unite a diverse range of participants from the crypto ecosystem, including founders, developers, institutions, protocols, policymakers, and innovators, to shape the future of digital assets in the Asia-Pacific region [2] - Consensus Hong Kong will feature high-quality content and connections at an institutional level, including regulatory roundtables, capital strategy sessions, and technical deep dives, facilitating direct engagement between decision-makers and crypto development teams [3] Group 2: Significance of the Event - The event is positioned as a critical gathering for the global crypto ecosystem, bringing together various stakeholders to foster innovation and collaboration [4] - Hong Kong is highlighted as a historical hub for transforming new financial frontiers into functioning markets, with Solana Accelerate providing a platform for builders, institutions, and policymakers to engage with emerging technologies [4] Group 3: Additional Activities - Attendees will have the opportunity to participate in cultural activations, such as the Consensus Cup at the Hong Kong Jockey Club, and engage in an exclusive institutional summit in partnership with SALT, enhancing the overall experience of the event [4]
Trump-linked World Liberty Financial seeks license to launch trust bank
Yahoo Finance· 2026-01-07 22:59
Group 1 - World Liberty Financial, backed by the Trump family, is seeking to establish a national trust bank focused on stablecoin operations [1] - The subsidiary WLTC Holdings has filed a "de novo" application for a bank charter to issue and custody USD1, a dollar-backed stablecoin that has over $3.3 billion in circulation [2][3] - The proposed trust bank will offer stablecoin issuance, redemption, and custody services, and plans to allow fee-free conversion between U.S. dollars and USD1 at launch [3] Group 2 - The establishment of national trust banks by cryptocurrency firms marks a significant step in integrating digital assets into the regulated banking system [1] - The OCC currently supervises about 60 national trust banks, with Anchorage Digital being the only digital asset company that holds a national trust bank charter [2] - The trust bank will comply with the recently passed GENIUS Act, which provides a federal regulatory framework for stablecoins [3]
Strategy Stock Is Getting a Boost—But the Battle to Keep It in Indexes Isn't Over
Yahoo Finance· 2026-01-07 18:25
Dominic Gwinn / Middle East Images / Middle East Images via AFP Michael Saylor, executive chair of Strategy, is a big backer of bitcoin. Key Takeaways Strategy, the public company with a massive stockpile of bitcoin, won't be getting the boot from major indexes for now. MSCI on Tuesday evening said it intends to start a broader review of the matter. In the meanwhile, the stock is rising. Strategy shareholders haven't caught many breaks lately. They did this week. Index provider MSCI late Tuesday s ...
X @Joseph Lubin
Joseph Lubin· 2026-01-07 18:13
RT Stand With Crypto🛡️ (@standwithcrypto)We’re kicking off 2026 with the momentum we need.We’re getting one step closer to passing market structure legislation in the U.S. Senate and establishing the clear and fair “rules of the road” digital assets need. BUT: It has to happen WITHOUT reopening or restricting stablecoin rewards offered by platforms or other third parties.Send a message to your Senator and tell them: Pass market structure, protect our stablecoin rewards.https://t.co/6t7y2Ssu5z ...
Morgan Stanley Files Third Crypto ETF In 48 Hours As Ethereum Trust Follows Bitcoin, Solana - Morgan Stanley (NYSE:MS)
Benzinga· 2026-01-07 18:13
Core Insights - Morgan Stanley has filed for an Ethereum Trust with the SEC, marking its third crypto ETF filing in 48 hours after registering Bitcoin and Solana trusts [1][6]. Group 1: Ethereum Trust Details - The Morgan Stanley Ethereum Trust will be a passive investment vehicle that holds ether directly and values shares daily based on a pricing benchmark from major trading venues [2]. - The trust plans to stake a portion of its ETH holdings and distribute rewards to shareholders at least quarterly, subject to IRS guidance [2][3]. - This structure allows investors to earn staking yield while holding shares in a traditional brokerage account, with a staking program implemented to earn network rewards while managing liquidity for redemptions [3]. Group 2: Wall Street's Crypto Expansion - The filings come as regulators under President Trump have adopted a more accommodating approach to crypto markets, enabling traditional financial firms to expand ETF offerings tied to digital assets [4]. - Morgan Stanley has broadened access to crypto funds for all clients, including those with retirement accounts, after previously limiting exposure to high-net-worth individuals [4]. - The bank partnered with Zerohash to enable trading of Bitcoin, Ethereum, and Solana through its E*Trade platform, following similar moves by Bank of America [5]. Group 3: Industry Shift - Morgan Stanley's rapid filings for Bitcoin and Solana Trusts represent a significant shift for Wall Street, indicating a growing acceptance of digital assets [6][7]. - The simultaneous movement of major banks like Goldman Sachs, JPMorgan, and Bank of America into crypto ETFs signals a structural change in how Wall Street perceives digital assets [7].
Crypto selloff accelerates, sending bitcoin back to $91,000
Yahoo Finance· 2026-01-07 15:46
Market Overview - Bitcoin (BTC) and most other digital assets experienced a decline in U.S. trading, with Bitcoin down 3% over the past 24 hours, currently priced at $91,100 [1] - The CoinDesk 20 Index, which tracks the top 20 crypto assets, is trading nearly 4% lower, with XRP leading the decline at over 8% [1] - Ether (ETH) also saw a decrease of 3.6%, despite Morgan Stanley's recent announcement to offer a spot ETH ETF [1] Precious Metals and Digital Asset Stocks - The crypto selloff occurred while the Nasdaq increased by 0.5%, but precious metals like gold and silver retreated, with gold down 1% and silver down 5% [2] - Digital asset treasury (DAT) stocks did not gain significantly from MSCI's announcement regarding Strategy (MSTR), which remains in its indexes for now. MSTR saw a 1% gain, while Bitmine Immersion (BMNR) fell by 6%, Sharplink Gaming (SBET) decreased by 2%, and XXI (XXI) dropped by 5% [3] MSTR to IBIT Ratio - On a weekly basis, the ratio of MSTR to the iShares Bitcoin Trust (IBIT) has bounced off the 3-level for the second consecutive week, currently trading around 3.11. This ratio previously held 3 as support in March 2024 before peaking at 9.5 in November 2024, coinciding with MSTR's all-time high [4]