Fannie Mae and Freddie Mac are preparing to recognize verified cryptocurrency holdings as assets in mortgage risk assessments without requiring borrowers to convert them to U.S. dollars. This change, driven by the Federal Housing Finance Agency, allows crypto holders to keep their coins while using them to strengthen mortgage applications, avoiding taxable sales and retaining future upside. However, crypto will initially count only as reserves, not cash for closing costs, and must be held on regulated exchanges with risk-based haircuts and limits on crypto reserves. The shift, expected to be implemented by 2026, marks a significant step toward integrating digital assets into mainstream U.S. mortgage underwriting, though it excludes self-custodied crypto and applies conservative risk adjustments.
VCI Global Limited, through its subsidiary V Gallant Limited, announced the launch of Galactic OPC, an AI-native business operating system designed to help entrepreneurs and businesses efficiently build, operate, and scale in an AI-driven economy. Th...
VCI Global Limited, through its subsidiary V Gallant, announced the launch of Galactic OPC, an AI-native business operating system designed to help entrepreneurs and businesses operate efficiently in an AI-driven economy. The platform integrates inte...
Solidion Technology Inc. has secured $35 million through a private placement of 2.33 million shares priced above market, expected to close by June 9, 2026. The funds will fully finance the company through 2028, supporting the commercialization of its...
Bitcoin fell to around $62,900 after renewed military conflict between Iran and Israel triggered a sharp decline in Asian stocks and a spike in oil prices. The geopolitical tensions ended a fragile ceasefire, pushing oil prices up over 3% and causing...
South Korea's KOSPI index fell sharply by about 7.25% early Monday, breaking its recent strong performance this year. The drop is linked to a 15% decline since last Tuesday, heavily influenced by major memory-chip companies Samsung and SK Hynix. The ...
