According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC), and Tron founder Justin Sun’s being sued by the Securities and Exchange Commission (SEC)
0 Comments
SoftBank has moved to sell almost all of its remaining shareholding in Alibaba, limiting its exposure to China and raising cash as the market downturn pummels the value of its technology investments. The Japanese group, led by billionaire founder Masayoshi Son, has sold about $7.2bn worth of Alibaba shares this year through prepaid forward contracts,
0 Comments
Municipals were firmer in trading Wednesday as triple-A benchmark yields fell along with U.S. Treasuries after the consumer price index report showed inflation slowing. Equities ended down after the Federal Reserve Open Market Committee signaled another rate hike is likely at its May meeting. The two-year muni-Treasury ratio was at 55%, the three-year at 56%,
0 Comments
Chicago’s revisions to its water and wastewater credit features drew an upgrade as the city prepares a nearly $1billion sale of water and wastewater revenue bonds next month ahead of Mayor Lori Lightfoot’s handover of power to Mayor-elect Brandon Johnson.   S&P Global Ratings lifted the rating on the second lien for both enterprise systems to
0 Comments
The Ethereum network’s planned Shanghai hard fork is nearly here. Planned for April 12, this is the first major upgrade since The Merge in September 2022. The “Shapella” upgrade (a combination of the two major proposals Shanghai and Capella), includes EIP-4895 which enables validators to withdraw staked ETH from the Beacon chain (Consensus layer) to
0 Comments
Muni leaders are digesting new approaches to solving pension fund challenges and monitoring warning signs, with recent evidence suggesting that there may be less cause for alarm than previously believed by many. Despite concerns about underfunded pension plans, a brief published on Tuesday by Louise Sheiner of the Hutchins Center on Fiscal and Monetary Policy at the
0 Comments
President Biden’s veto of a congressional resolution challenging his Environmental Protection Agency’s redefining of “waters of the United States,” sets up a larger battle to play out in the courts for his administration to uphold the rule that is now being challenged in over half the country. Efforts to define WOTUS and stretch the interpretation
0 Comments
Brussels is set to unveil plans to better shield taxpayers from bank failure by strengthening its rules for struggling lenders. The European Commission is in the process of finalising draft legislation that makes it easier to transfer depositors’ cash to healthy institutions from troubled lenders, or to wind down a problem bank without drawing on
0 Comments
The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s overall volumes. Temporary Reduction in Sale of Foreign Exchange The Russian central
0 Comments
Longtime public finance veteran Brian Wynne has landed at Jefferies Financial Group Inc. after being ousted in January from Morgan Stanley, where turnover on its muni team continues. At Jefferies, Wynne will co-head the municipal syndicate group with Roy Carlberg. Wynne “brings decades of experience and a unique perspective to our issuer and investor clients,”
0 Comments