BlackRock and IFM in exclusive talks for $25B data center deal
The deal underscores the growing trend of major asset managers investing heavily in AI infrastructure, reshaping the data center landscape....
Morning market briefing
Higher Treasury yields are pressuring crypto beta as ETF flows, tokenized Treasuries and prediction-market scrutiny shape the early desk agenda.
The deal underscores the growing trend of major asset managers investing heavily in AI infrastructure, reshaping the data center landscape....
Executive scan
Crypto starts the session with macro pressure in view: CoinDesk reported bitcoin below $84,000 and Dogecoin down 8% as Treasury yields reached their highest level since 2007. ETF activity remains central to the tape, with BlackRock’s IBIT leading U.S. spot bitcoin ETF inflows and separate coverage noting $51 million of Ethereum purchases by BlackRock ETF clients.
Institutional plumbing is the stronger theme beneath the price weakness. Ondo is pushing its USDY tokenized yield product further into Solana DeFi, Circle National Trust is adding federally regulated custody services tied to Bitcoin programmability, and Bitwise and Franklin clients bought $18 million in XRP ETFs. Watch the policy lane too: nearly $5 billion of similar-sized Kalshi trades reportedly drew CFTC scrutiny, while a Coinbase user theft case ended with a 12-year sentence.
Market read
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Main signals
The case highlights the persistent vulnerabilities in crypto security and the challenges of recovering stolen assets despite legal...
TL;DR Ondo Finance says its USDY tokenized yield product is expanding across Solana DeFi venues. USDY is a yield-bearing tokenized...
Despite high ownership, crypto's limited integration among affluent investors highlights the need for regulatory clarity to drive...
Almost one million trades of nearly the same size have moved through a single Kalshi market since August, and federal regulators a...
Institutional adoption of Ethereum ETFs highlights a shift towards regulated crypto investments, potentially reshaping traditional...
A weeklong optimization challenge cut the estimated GPU cost of preparing an experimental quantum-resistant Bitcoin transaction to...
A rebound in oil, the strongest U.S. business survey in five years and a poorly received five-year note sale pushed borrowing cost...
BlackRock's IBIT dominance signals a shift in institutional confidence towards Bitcoin, potentially reshaping the competitive land...
Market watch
Macro rates pressure leads the morning tape, while ETF flows and tokenized yield products keep institutional demand in focus.
Policy and risk
Regulators and courts are active around prediction-market trading patterns, custody rails and consumer-facing crypto theft.
Source trail