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SUI and AVAX lead the altcoin race, but MAGACOIN FINANCE is gaining strong momentum, making investors rethink the next big move in crypto.
Share link:In this post: Goldman Sachs is buying a $1 billion, 3.5% stake in T. Rowe Price to push private assets into retirement accounts. The partnership will launch target-date funds, co-branded portfolios, and advice services by mid-2025. Citigroup also announced a deal giving BlackRock $80 billion in client assets to manage starting in Q4.
Share link:In this post: Kevin Hassett accused the Fed of losing independence and overstepping its mandate. He slammed the job data system as broken and called for urgent modernization. Kevin backed a full review of the Fed’s roles in policy, regulation, and research.
- 01:53Kinto to shut down the project and initiate user asset redemption arrangementsForesight News reported that Arbitrum ecosystem modular trading platform Kinto announced on Twitter that due to the July K token attack, which resulted in a loss of 577 ETH and increased financing and debt pressure, the team has not received any salary since July and has now decided to shut down the project. All remaining assets (about $800,000) will be used to repay Phoenix lenders, with an expected recovery of 76% of the principal. In addition, the founder will personally donate $55,000, and victims of Morpho and Royco can receive up to $1,100 per address. Kinto wallet and asset withdrawals will be open until September 30, and the ERA airdrop is expected to be distributed on October 15.
- 01:53South Korea Plans to Allow Banks and Non-Bank Institutions to Jointly Issue KRW StablecoinsChainCatcher news, according to News1, the Korean National Policy Planning Committee is considering granting the right to issue Korean won stablecoins to consortiums composed of banks and non-bank institutions, with related regulation and licensing to be overseen by the Financial Stability Council. This initiative aims to combine the stability of banks with the innovation of fintech companies, and the relevant bill is expected to be promoted by the Financial Services Commission in October. .
- 01:52South Korean banks and government to launch pilot program for distributing treasury subsidies via digital currencyForesight News reported, citing Yonhap News Agency, that the six major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, and IBK) have expressed their intention to actively consider participating in tests related to treasury subsidies to the Bank of Korea. Since late August, the Bank of Korea's Digital Currency Office has been contacting the virtual asset managers of each bank by phone to inquire about their willingness to participate. The upcoming tests will focus on examining whether the government can distribute digital currency to subsidy recipients and use the current treasury payment subsidies or government-guaranteed vouchers (government-backed coupons).