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SEC’s Push for Tokenized Stocks May Not Benefit Crypto, According to Dragonfly Exec
As the U.S. Securities and Exchange Commission (SEC) explores the possibility of tokenized equities on blockchain platforms, the potential benefits for the crypto industry remain uncertain. Rob Hadick, a general partner at crypto venture firm Dragonfly, warned that while tokenized stocks may greatly benefit traditional finance, they might not offer the expected advantages for the broader crypto ecosystem. Hadick’s views challenge the optimism seen by some figures in the industry about Ethereum’s role in the process. Uncertainty Over Tokenized Equities in Crypto Hadick raised concerns about the future of tokenized ... (full story)
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From @NourHammoury|Oct 1, 2025|88 comments*SUPREME COURT REFUSES TO LET TRUMP IMMEDIATELY OUST FED'S COOK baaaam The US Supreme Court is to hear arguments over Trump's bid to remove Federal Reserve Governor Cook.
Supreme Court allows the Fed's Lisa Cook to stay in office for now as Trump pushes to fire her The Supreme Court on Wednesday deferred action on whether President Donald Trump can immediately fire Federal Reserve board member Lisa Cook, instead agreeing to hear oral arguments in the case early next year. The move means that Cook can remain in office while the consequential legal question is decided. The court will hear oral arguments in January, the brief order said, with a ruling likely before the end of June. Trump had asked the court to allow him to immediately fire Cook while litigation continued in lower courts. Under the Federal Reserve Act, presidents are restricted from removing governors unless it is “for cause,” meaning there is evidence of wrongdoing. Trump has said he fired Cook for cause, over allegations of mortgage fraud made by one of his political appointees, Federal Housing Finance Agency Director Bill Pulte. Cook has denied the allegations, and bank documents obtained by NBC News appear to contradict the fraud claim. Since taking office in January, Trump has pushed for lower interest rates and had criticized the Fed for failing to act on his wishes. While the president's aggressive use of executive power has often led to setbacks in lower courts, the Supreme Court has regularly granted the administration's emergency requests that allow his policies to move forward.
From cointelegraph.com|Oct 1, 2025Bitcoin whipsawed through September, but managed to close the month 5% higher at $114,000 on Tuesday. Several key indicators now suggest that the recent recovery from $108,000 ...
From prnewswire.com|Oct 1, 2025|16 commentsEconomic activity in the manufacturing sector contracted in September for the seventh consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation's supply executives in the latest ISM® Manufacturing PMI® Report. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. "The Manufacturing PMI® registered 49.1 percent in September, a 0.4-percentage point increase compared to the reading of 48.7 percent recorded in August. The overall economy continued in expansion for the 65th month after one month of contraction in April 2020. (A Manufacturing PMI® above 42.3 percent, over a period of time, generally indicates an expansion of the overall economy.) The New Orders Index contracted in September following one month of growth; the figure of 48.9 percent is 2.5 percentage points lower than the 51.4 percent recorded in August. The September reading of the Production Index (51 percent) is 3.2 percentage points higher than August's figure of 47.8 percent. The Prices Index remained in expansion (or 'increasing' territory), registering 61.9 percent, down 1.8 percentage points compared to the reading of 63.7 percent reported in August. The Backlog of Orders Index registered 46.2 percent, up 1.5 percentage points compared to the 44.7 percent recorded in August. The Employment Index registered 45.3 percent, up 1.5 percentage points from August's figure of 43.8 percent. ISM Mfg 49.1, Exp. 49.0, Last 48.7 Prices Paid 61.9, Exp. 62.7, Last 63.7 New Orders 48.9, Exp. 50.0, Last 51.4 Employment 45.3, Exp. 44.3, Last 43.8
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From cnbc.com|Oct 1, 2025|7 commentsThe U.S. government entered a shutdown on Wednesday, sparking conversation across global markets as investors weighed the potential impact on the wider economy. Although ...
From financemagnates.com|Oct 1, 2025NinjaTrader Group, now owned by Kraken, has entered the prop trading business with the launch of two new platforms: NinjaTrader Prop and Tradovate Prop, giving prop traders a ...
From fxstreet.com|Oct 1, 2025Ripple (XRP) upholds an intraday bullish outlook, trading above $2.91 on Wednesday. The crypto market has generally kicked off October on a positive note, providing insight into ...
