Wall Street financial services firm Lazard plans to partner with Bitfinex Securities and SkyBridge Invest to create a tokenized fund. The tokenization of traditional financial products is a booming area in the digital asset industry, and global companies such as BlackRock, HSBC, and Lazard have entered the field. It is reported that the tokenized fund will be established and issued under the Kazakh Financial Services Law and regulated by the Astana Financial Services Authority (AFSA), where SkyB...
Bret Kenwell, an analyst at financial investment services firm eToro, said the U.S. June PCE report was largely in line with economists' expectations, while the core PCE index rose only slightly more than expected year-on-year. Still, there was nothing in the report to suggest an unexpected acceleration in inflation. Combined with a lower-than-expected CPI report earlier this month and a recent trend in lower inflation data, this should give the Federal Reserve the green light to cut interest ra...