FalconX and Ethena have created a $1 billion secured credit facility backed by Ethena's USDe synthetic stablecoin collateral to provide overcollateralized loans to institutional clients. FalconX manages loan origination, servicing, and collateral oversight through a special purpose vehicle, marking a strategic move for Ethena to diversify revenue beyond crypto basis trading. The facility aims to support institutional trading, corporate treasury, and payment infrastructure financing, bridging blockchain capital with traditional credit markets. Both firms plan to expand the program as demand grows, enhancing USDe's stability and yield sources independent of volatile crypto markets.
BHP Group Limited has transitioned to being primarily a copper-driven company, with copper accounting for over half of its FY2026 EBITDA. The company posted a 30% increase in profits, an 83% rise in free cash flow, and a 56% boost in dividends for FY...
Plains All American Pipeline, a major crude oil midstream company, has seen its stock price rise nearly 39% since late 2024 due to sustained oil prices above $80 per barrel, which supports upstream production and volume growth. The company offers a 6...
A mysterious wallet purchased 5,000 Ethereum tokens worth $9.53 million and staked them hours before a major White House cryptocurrency summit hosted by President Trump on August 19, 2026. The wallet now holds over 10,657 ETH valued above $20 million...
Bitcoin surged past $69,000, briefly touching $70,000 for the first time since June, driven by a broad rally in cryptocurrencies including Ether, Solana, XRP, and Dogecoin. The rally was boosted by the US Treasury's plan to double long-dated bond buy...
AB Dynamics has acquired US-based automotive testing company eMpulse Test Systems for an initial $11 million (£8.1 million) in cash, with potential additional payments up to $15 million over three years based on performance. eMpulse specializes in se...
