(Bloomberg) -- Peru unexpectedly cut its benchmark interest rate Thursday, shrugging off concern that core inflation remains stubbornly high and that the economy is already growing faster than expected without the need of monetary policy support. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel R
Do Kwon’s Extradition from Montenegro Postponed Yet Again
Kwon has been held in the Balkan country since his arrest in March 2023.
Crypto for Advisors: Bitcoin and Lending
Bitcoin’s emergence in collateral structures has the potential to revolutionize the lending landscape. Its ability to mitigate credit risk amid escalating uncertainties highli...
Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield
The Galaxy-backed project aims to attract DAO treasuries to allocate to its new stablecoin.
CoinDesk 20 Performance Update: Index Rallies 7.1%, Led by XRP's 17.5% Gains
Also leading the index higher was SOL, which climbed 8.9%.
Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%
U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the slowing economy. The S&P 500 jumped 2.3% for its best day since 2022 and shaved off all but 0.5% of its loss from what was a brutal start to the week. The Dow Jones Industrial Average rose 683 points, or 1.8%, and the Nasdaq composite climbed 2.9% as Nvidia and other Big Tech stocks helped lead the way.
Franklin Templeton's Tokenized Money Market Fund Expands to Arbitrum
The $420 million OnChain U.S. Government Money Market Fund was already on Stellar and Polygon.