Bitmine’s 5% hard cap leaves Ether’s biggest corporate buyer weeks from the exit

Pennymac is rolling out VantageScore 4.0 across its consumer direct, broker direct and correspondent channels, making all three of the nation’s largest originators users of the model, alongside Rocket and United Wholesale Mortgage. Processing Content The move gives brokers and correspondents another major outlet for VS4 loans just as the score gains a pricing edge….

The Department of Justice filed a civil fraud suit against Michael Shabsels and his companies, Simad Holdings, Damis Holdings and 26 companies, alleging they improperly obtained over $13 million in Paycheck Protection Program funds. In the lawsuit filed in White Plains federal court on Aug. 24, prosecutors allege Michael Shabsels concealed the web of his…

Deutsche Bank’s FX strategy team is out with a special report today that connects three things most people are still thinking about separately: the AI capital boom, asset tokenization, and the future of the dollar. The thesis from strategist Mallika Sachdeva is simple and uncomfortable. The US is going all-in on private foreign capital to…

Industry experts have warned that the Private Rented Sector (PRS) Database could be “little more than a national directory for councils”, with concerns it could have unintended consequences and drive small landlords out of the market. The comments come as the government confirms that landlords will be required to register their rental properties through its…

Crude oil climbs again as Russia-Ukraine “ceasefire” faces doubts, US-Iran stalemate extends !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Key insight: China does not need to replace the dollar to normalize non-dollar settlements. Washington must offer a faster, cheaper and more interconnected dollar system before China entrenches alternative rails. Supporting data: In July, Bank of China reported handling over 600 billion yuan in cross-border mBridge transactions since April 2024. On Sept. 24, The Clearing…