Bank of America’s (BAC) rates strategy team said the U.S. Treasury market is increasingly shaped by two emerging forces: stablecoin demand for T-bills and the tokenization of government debt-related assets. BofA views stablecoins as less of a game-changer for Treasuries than for money market mutual funds (MMFs), where their higher-yield potential represents a competitive challenge, … Read more
Apple’s lucrative deal with Google could be under threat after a US judge ruled that the Alphabet-owned search giant was operating an illegal monopoly. A potential remedy for Google to avoid antitrust actions could involve terminating the agreement, which makes its search engine a default on Apple devices, Wall Street analysts said on Tuesday. Google … Read more
The U.S. is on the verge of passing landmark crypto legislation, and if it succeeds, the impact could be profound, not only by unlocking growth, but by significantly reducing risk, asset manager Bitwise said in a report on Monday. The growth story is straightforward according to Bitwise. Regulatory clarity would empower major financial institutions, such … Read more
India’s antitrust body has turned down a request from Apple to put a hold on an investigation report which found the company breached competition laws, allowing the case to continue, an internal order from the regulator seen by Reuters showed. The Competition Commission of India (CCI) in August ordered a recall of investigation reports after … Read more