Search results for Raymond James
Crypto
Galaxy Ventures leads investment in high net worth credit card startup Karta
Crypto investment firm Galaxy Ventures led a $15 million Series A funding round for Karta, a premium credit card issued in the United States and distributed through more than 80 global private banks and brokerages. Karta aims to combine stablecoin infrastructure and AI to offer a differentiated experience for high net worth clients, particularly those lacking a U.S. Social Security number or taxpayer identification number. Galaxy Ventures said Karta’s revenue and payment volume surged in 2025 and grew again in early 2026.
Crypto
CME CEO warns crypto perpetual futures could wipe out retail investors
CME Group CEO Terry Duffy (테리 더피) voiced strong concern about U.S. regulators approving crypto perpetual futures, warning they could pose excessive risks to retail investors and harm financial market stability. He said the products often offer leverage of up to 50 times, meaning a 2 percent adverse price move can trigger full liquidation. Duffy also criticised the review process as rushed and said retail investors may not understand funding fees or automatic liquidations.
AI & Enterprise
AI-driven layoffs spread as Big Tech shaken by new AI job categories
Hiring in the U.S. tech industry is shifting as artificial intelligence spreads, with companies restructuring jobs around AI and creating new roles. While more firms cite AI as they cut staff, others are hiring to deploy and run generative AI and expand its internal use. New postings include AI communications, on-site engineers, internal AI rollout roles, ethics and safety positions for philosophers, gig-style training work, vibe-coding jobs and executive posts such as chief AI officer.
