Coinbase shares rose 8% after Goldman Sachs upgraded the stock to “buy,” citing improving crypto market conditions and stronger trading volumes that could bolster the exchange’s revenue and long-term growth prospects.
Goldman Sachs and BNY Mellon are set to launch tokenized money market funds for clients, marking a significant shift in traditional finance. This innovative offering aims to enhance liquidity and streamline transactions in the evolving digital asset landscape.
Goldman Sachs estimates that Trump’s proposed 10% oil tariff could impose a hefty $10 billion annual cost on foreign producers. This move reflects escalating trade tensions and may reshape global oil dynamics amid an already volatile market.
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Apple Inc. and Goldman Sachs have reportedly abandoned plans to launch a jointly-developed crypto trading product, according to people familiar with the matter. The two firms are said to have faced issues with customer demand and regulatory guidelines.