On May 15, US Treasury yields surged to their highest levels in 12 months, with the 10-year yield reaching 4.54%, driven by stronger-than-expected April inflation data at 3.8%. This shift reversed earlier market expectations of rate cuts, with CME FedWatch now pricing a 44% chance of a Fed rate hike by December 2026. Bitcoin, affected by the rising yields and macroeconomic pressure, fell below its 200-day moving average of $82,228 after failing to break above it multiple times this month. The higher yields make Treasury securities more attractive compared to non-yielding assets like Bitcoin, limiting speculative inflows into crypto. If yields continue rising toward 5%, Bitcoin and similar assets may face increased headwinds.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
DMG Blockchain Solutions announced two strategic investments: one in MeetAmi Innovations, a Canadian fintech offering digital asset wealth management platforms, and another in Atomic47 Labs, an AI company focused on secure, sovereign AI infrastructur...
Gnosis (GNO) surged 13% in 24 hours, closing in on overtaking BONK by market capitalization to reach the 100th largest token spot. GNO's market cap stands at $303.88 million versus BONK's $330.07 million, requiring a price rise to about $125.48 for t...
Broadridge's Tokenization Pulse Survey shows 84% of firms view tokenization as strategically important, with 68% expecting it to reshape markets within 3-5 years. Most firms plan to integrate tokenization into existing infrastructure rather than buil...
Standard Chartered has partnered with Broadcom to modernize its global banking infrastructure by adopting a secure, resilient private cloud using VMware Cloud Foundation. This upgrade supports critical banking services across 54 markets with enhanced...
