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The move to acquire the crypto company comes after Mastercard was in talks to acquire another stablecoin startup BVNK for around $2 billion.

Leaders of billion-dollar behemoths including Airbnb’s Brian Chesky and Apple’s Tim Cook say the top job is isolating, and entrepreneurs should lean on peers to feel connected.

Central bank says it will halt quantitative tightening programme amid signs of stress in money markets

US and Chinese leaders expected to unveil deal to extend tariff truce amid tensions over rare earths and tech controls

US and Chinese leaders are holding two hours of negotiations as tariff deadline looms

The move follows lawsuits alleging Character.AI’s chatbots encouraged self-harm and ongoing investigations into child safety.

The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.

However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.