Coinbase introduces AI advisor, stock options and pre-IPO markets in finance push

The company is simultaneously broadening its derivatives business. New products include perpetual futures tied to thematic baskets such as artificial intelligence, defense and Chinese equities, as well as pre-IPO perpetual futures that provide exposure to private companies including SpaceX (SPCX), which went public earlier this month. Coinbase said contracts tied…

L3Harris is said to tap JPMorgan, Morgan Stanley for Axyv missile unit IPO (LHX:NYSE)

Alones Creative L3Harris Technologies (LHX) selected JPMorgan Chase and Morgan Stanley to lead the planned initial public offering of Axyv, its missile systems business, Bloomberg News reported Tuesday, citing people familiar with the matter. The offering could raise as much as $2 billion Source link

Ripple invests in Flutterwave, bringing RLUSD and XRP Ledger to payments in Africa

Ripple, the blockchain firm closely associated with the XRP Ledger (XRP) network, invested in African payments company Flutterwave as part of its Series E funding round, a deal centered on expanding the use of stablecoins for cross-border payments. Flutterwave said Tuesday that the funding round values the company at $3.2…

Argentina’s YPF to explore EV charging, energy storage partnership with Tesla (YPF:NYSE)

CGinspiration/E+ via Getty Images Argentina’s YPF (YPF) said Tuesday ‌it signed a letter ​of intent with Tesla (TSLA) ​to explore joint opportunities ⁠in fast-charging ​networks and energy ​storage infrastructure. YPF (YPF) said the agreement came as CEO Horacio ​Marin visited ​Tesla’s (TSLA) Gigafactory in Source link

State Street targets stablecoin reserve boom with new money market fund

Wall Street’s largest asset managers are increasingly competing to manage the assets backing stablecoins, a market that could swell into the trillions of dollars as digital dollars become a larger part of the financial system. State Street Investment Management introduced the State Street Stablecoin Reserves Money Market Fund on Tuesday,…

Uniswap (UNI) gains 12.9% while index trades lower

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1829.21, down 0.7% (-12.13) since 4 p.m. ET on Monday. Six of 20 assets are trading higher. Leaders: UNI (+12.9%) and XLM (+2.7%). Laggards:…