Women's clothing retailer Reformation commenced trading on the New York Stock Exchange under ticker "REF," raising $210.9 million in its IPO priced at $15, though the stock ended the day essentially unchanged. CEO Hali Borenstein highlighted the company's readiness to scale and capitalize on sustainable fashion demand.
Elon Musk admitted getting "carried away" by politics during his alliance with Donald Trump, serving as head of Doge. In an Economist interview, he shared controversial predictions on AI, UK civil war, and the Ukraine war, reflecting on his wealth and influence.
OKX appointed former NY Governor Andrew Cuomo to its board, leveraging his regulatory expertise for its push into licensed financial services, including a joint venture with ICE. This move aims to secure broker-dealer status and institutional customers, occurring as Congress debates the CLARITY Act, which addresses the overlap between political power and crypto wealth.
As the US approaches its 250th anniversary, its relationship with China is defined by rivalry, yet deep financial entanglement persists. Despite US restrictions and China's diversification from the dollar, experts note the underlying financial infrastructure remains profoundly interconnected.
Computershare, the world's largest transfer agent serving 58% of S&P 500 companies including Apple, Tesla, and Nvidia, has partnered with Securitize to enable tokenized securities issuance on-chain. The agreement will allow issuers to provide shareholders with Issuer-Sponsored Tokens (ISTs), enabling on-chain access to major tech companies while retaining the same rights and economics as traditional shares. The partnership could unlock trillions in on-chain value, with 10,000 US public companies potentially shifting capital to blockchain.
