Search results for Fidelity Investments
Crypto
XRP revaluation thesis gains ground as U.S. regulatory shifts raise hopes for institutional participation
XRP could be revalued over a short period as institutional money flows into crypto markets and the U.S. regulatory environment shifts, an analyst said. The analyst cited a gap between XRP\'s current price and its real-world use, and pointed to recent moves by the SEC and CFTC to classify major assets as digital commodities. The analyst also cited growing interest in the CLARITY bill and broader institutional activity around bitcoin and ether.
Crypto
Bitcoin shakes out \'weak hands\' and aims to build a base at $65,000
Bitcoin may be able to build a base around $65,000, an analysis said, as much of the selling pressure has been absorbed after short-term speculative funds left the market. Fidelity Investments\' Jurrien Timmer called the current price action technically interesting and pointed to $65,000 as strong support. He said markets are pricing in a possible resolution to tensions involving Iran, while warning that a worst-case hit to Gulf energy infrastructure could amplify shocks.
Crypto
Wall Street-backed crypto exchange EDX Markets applies for bank charter to expand custody, settlement services
Crypto exchange EDX Markets, backed by Wall Street firms including Citadel Securities, Fidelity Investments and Charles Schwab, has applied for a U.S. national bank charter. The Block reported the company submitted an application to the Office of the Comptroller of the Currency, seeking approval to offer custody, asset management and trade settlement services. Other crypto companies such as Bridge, Ripple, Circle, BitGo, Fidelity Digital Assets and Paxos have also applied.
