Apple, Google hire for stablecoin-related roles

Apple and Google have opened senior roles seeking stablecoin, blockchain and tokenized-finance expertise as both companies build teams around payments and digital-asset infrastructure.  SummaryApples Apple Pay strategy role explicitly lists stablecoins, tokenized deposits and blockchain as preferred qualifications.Googles Hong Kong Web3 architect role requires at least four years of production-grade blockchain experience.Google explicitly lists stablecoin rails, tokenized deposits, RWA tokenization and custody architectures for regulated institutions.Neither company has announced plans to issue a stablecoin or launch a related consumer service.Google Cloud has built AP2, Pay.sh and Universal Ledger products supporting digital-asset payment infrastructure development.  Apples official careers posting, dated Aug. 26, shows the company recruiting an Apple Pay Financial Product Strategy Lead in the U.S., with understanding of stablecoins, tokenized deposits and blockchain technology listed among its preferred qualifications.  The position sits within the Apple Card and Apple Cash group, which handles consumer credit cards, peer-to-peer transfers, stored value and other financial products linked to Apple Pay. Apple says the employee will assess new product structures, commercial models and potential partnerships while helping shape long-term financial product strategy.  Google, meanwhile, is recruiting an Industry Principal Architect for Web3 in Hong Kong. Its official job posting lists real-world asset tokenization, stablecoin rails, tokenized deposits and

09-21Industry

Bitcoin Reclaims 50-Week Average: Is Bear Market Over?

Bitcoin has closed above its 50-week moving average for the first time in more than 10 months, a development some analysts said could signal the end of Bitcoins bear market.  Bitcoin closed the week at $81,159 on Coinbase on Sunday, above its 50-week moving average of $78,788, according to TradingView. The last weekly close above the moving average was on Nov. 9, 2025.  In August, Galaxy Researchs head of firmwide research Alex Thorn described the 50-week moving average as serving as a ceiling during bear markets.  “In four of the five completed bear markets, once the 50-week moving average was first broken to the upside, the bear market bottom was definitively ‘in,’” he said in a research note.  “Essentially, retaking the 50w MA has previously confirmed the end of a bear market,” Thorn added.  Bitcoin closed the week at $81,159 on Coinbase, above its 50-week moving average (blue). Source: TradingView  The latest close is also Bitcoins highest weekly close in four months, according to data from TradingView.  On Tuesday, ahead of the weekly close, crypto research company Collective Shift founder Ben Simpson said Bitcoin closing above its 50-week moving average would be “the last thing I need to see before I call this a bull market.” He

09-21Industry

REX launches 2x Strive ETF ASSX on Cboe

REX Shares and Tuttle Capital Management have launched ASSX, a Cboe-listed exchange-traded fund that began trading Sept. 18 and seeks 200% of Strive Inc.s daily share performance before fees and expenses.  SummaryASSX targets 200% of Strives daily share performance and resets its leverage after each session.Cboe listed ASSX on September 18 after certifying the fund for registration three days earlier.Strive held 25,000 Bitcoin after purchasing 469 BTC at a $77,954 average price per coin.Strive shares closed Friday at $30.09, rising 6.4% during ASSXs first trading session on Cboe.REX warns longer holding periods can diverge sharply from twice Strives stock return over time.  REX Shares said the T-REX 2X Long ASST Daily Target ETF gives traders leveraged exposure to Strives Nasdaq-listed ASST shares for a single trading day. The issuer described ASSX as “the first ETF in the U.S. offering 2x daily long exposure to ASST.” Cboe lists the fund under ticker ASSX, while Strive continues trading on Nasdaq under ASST.  A Cboe certification filed with the U.S. Securities and Exchange Commission on Sept. 15 recorded the exchange‘s approval for listing and registration. Three days later, Cboe’s product page recorded Sept. 18 as the listing date. The funds official page lists a 1.5% total

09-21Industry

Bitcoin remains near $80K as profit-taking grows: Can bulls hold on?

Bitcoins [BTC] rally to $80,000 represents an upward trend rather than a short-term breakout.  Since mid-June, buyers have consistently increased the markets floor with each downward swing. The initial swing was at the bottom of the $60,000 level, then the second swing was above the $77,000 mark later in August.  As of late, sellers attempted to push prices down into the $75,000-$77,000 zone multiple times. However, at each attempt, buyers were able to absorb selling pressure and push the price back up.  That response has gradually shifted support higher, reducing the markets reliance on the earlier $60,000–$65,000 range.  Source: TradingView  BTC peaked at $80,402 on the 20th of September, or approximately 25.6% greater than ninety days prior. Therefore, this is more than just price appreciation.  It also demonstrates that buyers are becoming increasingly strong after each pullback while support continues to increase as well. Holding these levels could help Bitcoin maintain its broader upward structure.  Bitcoin supply moves into profit  That stronger price floor is also changing Bitcoins holder profitability. With the increase in price since June lows, the percentage of supply in profit increased from approximately 45% to 71%.  Therefore, this implies that there is more opportunity for holders to realize their profits, especially after Bitcoin reached the

09-21Industry

Michael Saylor Says Crypto Should Move Beyond CLARITY: Heres His Alternative

Crypto may be better served by spending the next few years building products and attracting millions of users rather than accepting restrictive compromises for the sake of passing CLARITY, said Saylor.  The co-founder and former CEO of the worlds largest corporate holder of bitcoin is the latest to weigh in on the failed advancement vote of the CLARITY Act in the US Senate on September 15.  He outlined an alternative path for the US crypto industry, arguing that widespread adoption could ultimately provide stronger protection for digital assets than a compromised piece of legislation.  Dont Wait for Congress  The Strategy executive chairman said the industry should use the next couple of years to deploy compliant products with support from existing regulators, rather than just accept restrictions attached to the latest version of the bill just so that it can pass.  His proposals include building products that lower costs, expand access, and give customers greater control over their money. The most ambitious part of the proposal is to attract 50 million satisfied US users benefiting from various crypto financial products.  Such a user base would make future policy reversals considerably more difficult because millions of Americans would have a direct interest in preserving those services.  “Adoption raises the

09-21Industry

House Panel Advances US Bitcoin Reserve Bill With 20-Year Hold

Key TakeawaysThe House Financial Services Committee advanced H.R. 8957 by 28-21.Trumps executive order already established the federal crypto stockpiles.The bill would codify the programs and impose a 20-year BTC hold.  House Panel Advances the Bitcoin Reserve Bill  Bitcoin legally owned by the federal government and not required by law for another purpose would be subject to a statutory 20-year holding period under legislation advanced by a key House committee. The House Financial Services Committee approved the American Reserve Modernization Act by a 28-21 vote on Sept. 16 after adopting a substitute amendment offered by Representative Bryan Steil (R-WI).  The vote represents a committee-level advance rather than passage by the full House. The latest congressional action on H.R. 8957 sends the amended measure forward for further consideration, while enactment would still require House passage, Senate approval, and President Donald Trumps signature.  The introduced bill stated:  “The Secretary shall hold all bitcoin acquired by the United States and deposited in the Strategic Bitcoin Reserve, regardless of acquisition method, for not less than 20 years from the date of enactment of this act; after the date of enactment of this Act …”  The clause that followed applied the same requirement to bitcoin deposited later, starting a separate 20-year clock

09-21Industry

Aave Proposes Institutional Custodied Lending

Aave has submitted a governance proposal to introduce Custodied Collateral Lending built on Aave V4, letting institutions borrow stablecoins using assets held in custody at Anchorage. Announced in an official post on X, the design keeps the underlying collateral in Anchorages custody for the full loan term, while the custodian manages collateral, records balances and loan lifecycle events, and handles over-the-counter sales in the event of liquidation.  How Custodied Collateral Lending Works  The system uses Chainlink CustodySync to sync custodied balances on-chain in the form of non-transferable receipt tokens, while Chainlink Price Feeds provide consistent pricing data to Aave and the custodian to keep loan-to-value ratios synchronized. Borrowed stablecoins can be delivered directly to the borrowers address in a single transaction, streamlining the flow for institutional users. Receipt tokens let participants track exposure without moving the underlying assets, a structure aimed at satisfying the segregation and audit requirements that regulated institutions demand.  A Standalone Liquidity Hub  The new facility would operate within a standalone Liquidity Hub on Aave V4, isolated from the protocol‘s existing markets. That separation is intended to contain risk from the institutional product while letting it tap the same underlying infrastructure. Aave has been expanding its institutional footprint, joining a broader

09-21Industry

One Vanguard ETF Is Betting Big on SpaceX, But Is 20% Too Big a Bet?

The Vanguard Communication Services ETF (VOX) has increased its stake in Space Exploration Technologies (SpaceX) by 85.2% in two months. That stake could eventually grow to as much as one-fifth (20%) of the fund once SpaceXs shares fully unlock.  VOX held 632,077 SpaceX (SPCX) shares on June 30, a total that reached 1,170,398 by Aug. 31. That makes SpaceX the funds eighth-largest holding, though Vanguard has not disclosed the exact share of VOX it now represents.  Is This SpaceX Concentration a Problem Hiding in Plain Sight?  SpaceX debuted on the Nasdaq on June 12, 2026, with only about 5% of its shares available to trade. Each new share unlock since then has expanded that float and, with it, SpaceXs weight inside float-based indexes.  The Nasdaq-100 weights SpaceX using a multiple of its float, not its full market cap. That formula applies until the float grows large enough. As more shares unlock, the float grows, and so does SpaceXs index weight.  SpaceXs performance has been far from impressive in its entire lifetime. Image Source: Trading View  VOX has ridden that mechanic more aggressively than its Vanguard peers. Other Vanguard funds have barely touched SpaceX by comparison.  A Payoff Has to be Coming?  SpaceX has not cracked the top 50

09-21Industry

Strategists Say Market's Wall of Worry' Is Healthy, Not a Warning Sign

Wall Street just climbed what strategists are calling a wall of worry, absorbing a month of surging oil prices and rising Treasury yields without cracking. That resilience should not be mistaken for calm.  Oil is up roughly 30% and the 10 year Treasury yield has climbed about 40 basis points in a month. Stocks have barely budged despite it.  The Wall Of Worry Behind Flat Stock Markets  The 10 year yield pushed above 5% after the Federal Reserves September rate hike. Fed Chair Kevin Warsh has flagged persistent inflation risks since.  Discover more  Digital Currencies  Distributed & Cloud Computing  Ethereum market analysis  CNBCs Mike Santoli noted the S&P 500 is hovering near the roughly 6,720 level it hit in June. The index is essentially unchanged despite the pressure.  Amy Raskin, chief investment officer at Chevy Chase Trust, called that steadiness a sign of underlying strength.  She said momentum has slowed considerably. She expects stocks to churn until uncertainty around AI spending, the Fed, and geopolitical conflicts resolves.  A Broadening Rally Masks A Bigger Bet  Jim Lebenthal, a partner at Cerity Partners, said the flat headline number hides a healthier rotation underneath it.  As AI momentum names cool, healthcare, energy, and financials have picked up the slack.  “I think thats healthy, quite frankly, the broadening

09-21Industry

Robinhood CEO Says Crypto Event-Contracts Will Overtake Sports Markets

Robinhood (HOOD) Chairman and CEO Vlad Tenev told CNBC‘s Jim Cramer that crypto event-contracts are already grabbing an outsized share of the platform’s prediction markets business, and he expects sports wagers to fall into the minority within just a few years.  Prediction markets have become one of the fastest-growing corners of US trading over the past year, with CME, Kalshi, Coinbase, and decentralized platforms all competing for a share of the event-contract boom. Crypto-linked contracts have grown alongside them, largely outside the sports-betting battles now working through the courts, giving Robinhoods newest product line room to expand fast.  Why Sports Contracts Are Losing Ground  Speaking on “Mad Money,” Tenev pushed back on the idea that event contracts, yes-or-no trades on the outcome of a future event, are just a rebrand of sports betting.  Discover more  Compare Exchange Rates  Crypto tax software  Financial technology news  “Were already seeing other categories like crypto taking a disproportionate share. And I think within a few years, sports will actually be in the minority.”  Vlad Tenev, CNBC  Sports-linked event contracts have become prediction markets most contested corner. New York sued Kalshi in July, seeking more than $36 billion in damages and a nationwide ban on its event contracts, while Baltimore separately sued Kalshi and Polymarket

09-21Industry
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