Goldman Sachs and Citadel spend money on crypto agency Digital Asset

Goldman Sachs and Citadel spend money on crypto agency Digital Asset

Crypto company Digital Asset said Tuesday that it’s netted $135 million in funding from a raft of major names in banking and finance. The firm, which touts itself as a regulated crypto player, said it raised the fresh cash in a funding round co-led by DRW and Tradeweb, with Goldman Sachs, BNP Paribas and Ken … Read more

China retail gross sales, industrial output, fastened asset funding for Could

China retail gross sales, industrial output, fastened asset funding for Could

Huge waiting lines are seen in front of jewelry retailer stores at Yu Garden in Shanghai, China, on May 17, 2025, as the city offers consumption vouchers to stimulate consumer spending. Nurphoto | Nurphoto | Getty Images China’s retail sales growth accelerated in May, data from National Bureau of Statistics showed Monday, in part helped … Read more

Gold is now the world’s second-largest reserve asset

Gold is now the world’s second-largest reserve asset

An employee arranges gold bars at the Italpreziosi SpA precious metals refinery plant in Arezzo, Italy, on Tuesday, May 6, 2025. Bloomberg | Bloomberg | Getty Images Central banks’ growing appetite for gold meant that the precious metal was the second-largest global reserve asset in 2024, according to a European Central Bank report out Wednesday … Read more