ProShares targets stablecoin reserves with IQMM
ProShares has launched the ProShares GENIUS Money Market ETF, trading under ticker IQMM, designed to qualify as an eligible reserve asset under the GENIUS Act for potential use by stablecoin issuers.
ProShares has launched the ProShares GENIUS Money Market ETF, trading under ticker IQMM, designed to qualify as an eligible reserve asset under the GENIUS Act for potential use by stablecoin issuers.
A transaction-level study by KlariVis found that customers at 92 US community banks moved a net $78.3 million in deposits to Coinbase over 13 months, with $2.77 flowing out for every $1.00 returning across banks where direction could be determined.
Bitcoin’s Lightning Network surpassed $1 billion in monthly transaction volume in November 2025, reaching an estimated $1.1 billion across 5.2 million transactions, according to a report from River.
US Securities and Exchange Commission chair Paul Atkins and crypto task force head Hester Peirce said they would support efforts to clarify how tokenised securities interact with existing regulation, aiming to better position digital asset developers.
Kraken said its tokenised equities platform xStocks has surpassed $25 billion in total transaction volume less than eight months after launch, highlighting accelerating adoption of blockchain-based US stock exposure.
CME Group will launch 24/7 trading for its regulated cryptocurrency futures and options from 4 p.m. CT on May 29, pending regulatory approval, marking a structural shift in traditional derivatives market access to digital assets.
Winnie Harlow, supermodel and founder of Cay Skin; Dee Ocleppo Hilfiger, former model and designer; Loren Ridinger, CEO of Market America; and Isabela Grutman, founder of ISA Grutman, discuss The CEO Club, premiering Monday on Prime Video. Ocleppo Hilfiger says it's not your typical reality TV show
Dave Bozeman, CEO of C.H. Robinson, discusses the company's AI strategy, saying it has used AI as a "game changer." He speaks with Romaine Bostick and Katie Greifeld on "The Close."
Jim Mintern, CEO of CRH, discusses AI, data center demand and the company's M&A strategy and outlook with Romaine Bostick and Katie Greifeld on "The Close." He says its biggest exposure is infrastructure.
John McCluskey, President and CEO of Alamos Gold, joins Bloomberg Businessweek Daily to discuss the company's most recent earnings results, expected gold output through 2026, and the company's plans to lower mining costs as it opens a new mine in Manitoba, Canada. Alamos is aiming to produce one million ounces of gold annually by 2030 as it works on expansion plans. McCluskey speaks with Carol Massar and Tim Stenovec.
President Donald Trump declares victory in the fight over cost-of-living concerns during a visit to Rome, Georgia.
Figma gave an annual revenue outlook that topped estimates, easing Wall Street anxiety that the business is threatened by the emergence of rival artificial intelligence products. Sales will be about $1.37 billion in 2026, the San Francisco-based company said Wednesday in a statement. Analysts, on average, projected $1.29 billion, according to data compiled by Bloomberg. Figma is known for making software used to design applications and website interfaces. It has worked to expand its suite of software, including a generative AI tool called Figma Make, which creates app interfaces and code from prompts. Weekly users of the tool grew 70% in the fourth quarter, the company said in the statement. Figma CEO Dylan Field joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.
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