JPMorgan Chase & Co. has executed a landmark $50 million commercial paper issuance for Galaxy Digital on the Solana blockchain, settling entirely in the USDC stablecoin with Coinbase and Franklin Templeton as buyers. This transaction represents the first time the banking giant has moved real-world corporate debt onto a public blockchain with participants from the crypto ecosystem, signaling a strategic pivot from closed, permissioned ledgers to open infrastructure. The deal underscores a broader institutional trend where tokenized assets, from Treasury funds to corporate debt, are rapidly expanding beyond proof-of-concept pilots into production-grade financial infrastructure.
about JPMorgan Issues $50M Commercial Paper on Solana in Public Chain Shift
HSBC
HSBC to Pay $300M in French ‘Cum-Cum’ Tax Scandal Settlement
HSBC Holdings Plc is poised to pay approximately $300 million to settle a French criminal investigation into its alleged role in the sprawling “Cum-Cum” tax scandal, according to people familiar with the matter. The proposed settlement with prosecutors from the Parquet National Financier awaits judicial review, marking a significant financial and reputational blow to the global banking giant and underscoring the intense, ongoing regulatory crackdown on complex cross-border tax schemes that have ensnared some of the world’s largest financial institutions.
about HSBC to Pay $300M in French 'Cum-Cum' Tax Scandal SettlementHSBC Expands Tokenized Deposits to US & UAE in 2026
HSBC is accelerating its digital transformation by launching tokenized deposit services for corporate clients in the United States and United Arab Emirates. The global banking giant is prioritizing tokenization over stablecoins as financial institutions race to modernize payment systems. This strategic move positions HSBC at the forefront of blockchain adoption in traditional finance, with the Tokenized Deposit Service (TDS) enabling clients to send money domestically and abroad in seconds around the clock.
about HSBC Expands Tokenized Deposits to US & UAE in 2026HSBC Stock Analysis: 62.5% Surge Sparks Investor Debate
HSBC Holdings shares have delivered staggering returns, surging 62.5% over the past year and 41% year-to-date. This remarkable performance has investors questioning whether the banking giant still offers value or if the current price reflects limited upside potential. Market analysts point to strategic divestitures and sector re-ratings as key drivers behind the momentum.
about HSBC Stock Analysis: 62.5% Surge Sparks Investor DebateBitMine Names Chi Tsang CEO Amid Ethereum Price Slump
BitMine Immersion Technologies, the largest corporate holder of Ethereum with over $11 billion in ETH, has appointed former HSBC banker Chi Tsang as CEO amid a severe downturn in both the company’s stock price and the cryptocurrency markets. The leadership transition comes as BMNR shares have plummeted 34% over the past month, mirroring Ethereum’s 20% decline, testing the company’s strategy of maintaining massive cryptocurrency reserves while bridging traditional finance with the blockchain ecosystem.
about BitMine Names Chi Tsang CEO Amid Ethereum Price SlumpMarkets Slump on Fed Hawkish Fears, Trump Tariff Cuts
Global markets faced significant pressure as Federal Reserve officials sparked fears of a hawkish policy shift, sending US equity futures tumbling while former President Trump announced plans for substantial tariff reductions to combat rising food prices. The simultaneous developments created a perfect storm of uncertainty, with UK markets also retreating amid renewed fiscal concerns and HSBC strategist Max Kettner providing a contrasting voice by dismissing AI bubble fears as overblown.
about Markets Slump on Fed Hawkish Fears, Trump Tariff CutsCircle Launches Arc Blockchain Testnet with 100+ Firms
Circle has launched the public testnet for Arc, its new Layer-1 blockchain network, with participation from over 100 major financial institutions and tech companies including BlackRock, Visa, and Goldman Sachs. The blockchain aims to serve as an ‘Economic Operating System’ for global finance, featuring dollar-based fees, sub-second transaction finality, and optional privacy configurations tailored for financial applications. This unprecedented institutional backing signals a significant step toward mainstream blockchain adoption in traditional finance.
about Circle Launches Arc Blockchain Testnet with 100+ FirmsCircle Launches Arc Blockchain Testnet with 100+ Partners
Circle has launched the public testnet for its Arc blockchain network, attracting over 100 major institutions including Visa, BlackRock, and Mastercard. The payments-focused blockchain aims to become an ‘Economic OS’ for global financial activity, marking a significant step toward bringing real-world finance on-chain with participation from financial giants managing trillions in assets.
about Circle Launches Arc Blockchain Testnet with 100+ PartnersUS Futures Rise on Trade Deal Hopes, Fed Finalists Named
US equity futures are climbing as signs emerge of progress in US-China trade negotiations during a critical earnings week. Meanwhile, the Treasury Secretary has confirmed five finalists to potentially replace Federal Reserve Chair Jerome Powell, adding another layer of market significance to an already event-packed period for global markets.
about US Futures Rise on Trade Deal Hopes, Fed Finalists NamedGoldman Sachs Culls Jobs as AI Replaces Human Workers
Goldman Sachs Group Inc. is implementing significant workforce reductions as artificial intelligence demonstrates superior capabilities in performing key financial analysis tasks. The bank’s move reflects a broader industry trend where AI is permanently replacing human roles across Wall Street, with approximately 1,000 positions at risk this year as the technology unlocks unprecedented productivity gains.
about Goldman Sachs Culls Jobs as AI Replaces Human WorkersBank Earnings Beat, AI Data Center Deals, Nvidia Target Raised
The US financial markets opened with robust momentum as banking giants Bank of America and Morgan Stanley delivered stronger-than-expected third-quarter trading results, while the energy sector races to secure data center deals to meet exploding AI infrastructure demand. In a bold analyst move, HSBC’s Frank Lee raised Nvidia’s price target to a Wall Street-high $320, while Blue Owl’s Marc Lipschultz mounted a fierce defense of private credit against JPMorgan CEO Jamie Dimon’s critical ‘cockroach’ characterization of the sector.
about Bank Earnings Beat, AI Data Center Deals, Nvidia Target RaisedMajor Banks Form Stablecoin Consortium After Trump Endorsement
A powerful consortium of global banking giants including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS is collaborating to develop stablecoins pegged to G7 currencies, marking a significant institutional push into digital assets. This initiative follows former President Donald Trump’s endorsement of the sector and aims to challenge Tether’s overwhelming market dominance, where USDT currently accounts for $179 billion of the total $310 billion stablecoin market. The move represents growing mainstream acceptance of blockchain technology in traditional finance, with multiple banks exploring how digital assets can reduce costs and improve efficiency.
about Major Banks Form Stablecoin Consortium After Trump Endorsement