SShortSingh.
Back to feed

Goldman Sachs Opens $100B Treasury Fund Access to Crypto Institutions

0
·2 views

Goldman Sachs is extending access to its approximately $100 billion Treasury fund to institutional cryptocurrency firms. The move marks a significant step in integrating traditional finance infrastructure with the crypto sector. Notably, the bank is not creating a tokenized version of the fund for this purpose. This approach allows crypto institutions to tap into Goldman's established financial product directly, without requiring blockchain-based representation of the asset.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Ethereum's Top Liquid Restaking Protocol Pivots to Crypto Neobank as Yields Dry Up

Ethereum's leading liquid restaking protocol has abandoned its core business model amid declining restaking yields and growing smart-contract risks. The so-called restaking gold rush appears to have ended, with top protocols struggling to generate meaningful profits. Falling returns have made restaking a far less attractive proposition for participants who once flocked to the sector. In response to these pressures, the protocol has shifted its strategic focus toward building a cryptocurrency-based neobank instead.

0
Crypto & Web3CoinDesk ·

Senate Democrats Report Flags Tether as Financial Tool for Iranian Government

Democrats on the Senate Permanent Subcommittee on Intelligence have released a report targeting Tether's USDT stablecoin. The report alleges that the Iranian government has been using USDT as a key financial instrument. Senators claim the stablecoin effectively serves as a lifeline for the Iranian regime. The findings raise fresh concerns about the use of crypto assets to circumvent international sanctions.

0
Crypto & Web3CoinDesk ·

Apollo Economist Warns AI Agents Could Trigger Bank Runs by Shifting Deposits

Apollo Global Management's chief economist Torsten Slok has raised concerns about the financial risks posed by AI-powered autonomous agents. He warns that these agents could automatically move household funds from low-interest checking accounts into higher-yielding alternatives. This behavior, if widespread, could rapidly drain cheap bank deposits at scale. Such a shift could effectively trigger a modern form of bank run without any deliberate human action.

0
Crypto & Web3CoinDesk ·

Chainlink upgrades bridge tech with custom security checks after rival's $292M hack

Chainlink has released an update to its cross-chain bridge technology, allowing companies to implement custom security checks. The upgrade comes in the wake of a $292 million hack at a rival bridge platform that exposed critical vulnerabilities in the sector. The new software is specifically designed to eliminate single-point-of-failure weaknesses that made the rival bridge susceptible to attack. By enabling customizable security layers, Chainlink aims to give organizations greater control over how they protect cross-chain transactions.