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Fed officials split on rate path after third straight cut

After a third consecutive rate cut, Federal Reserve officials are openly divided on the bigger risk heading into 2026. Chicago’s Austan Goolsbee and Kansas City’s Jeff Schmid dissented, warning about inflation and data gaps, while incoming voters like Cleveland’s Beth Hammack stressed staying restrictive and Philadelphia’s Anna Paulson flagged labor‑market softening. The split keeps rate‑path uncertainty elevated, with implications for the yield curve, risk assets, and the dollar into year‑end positioning.

Source: Crain’s New York Business


SEC gives DTCC the green light to tokenize stocks, bonds and ETFs

The SEC’s no‑action relief for DTCC to tokenize highly liquid instruments from H2 2026 puts the core of U.S. market plumbing onto blockchain rails. By marrying tokenization with trusted clearing, DTCC instantly sets a high‑compliance standard that will pressure crypto exchanges and traditional venues alike to integrate with its model, consolidate liquidity, and cut settlement frictions. It’s a defining moment for real‑world asset tokenization in mainstream markets.

Source: FinanceFeeds


Crypto-finance converges with banking: Ripple, Circle, BitGo win conditional trust charters

The OCC has conditionally approved several large crypto firms to become national trust banks, bringing stablecoins and institutional custody closer to federal oversight. If finalized, charters would move big parts of U.S. stablecoin and custody activity into bank‑grade compliance, reducing regulatory fragmentation and broadening access for traditional institutions. It marks a major step in integrating digital‑asset infrastructure with the U.S. financial system.

Source: FinanceFeeds


Nasdaq gains authority to deny risky small-cap IPOs despite checklist compliance

Nasdaq adopted a rule change allowing it to reject listings that show red flags—such as opaque jurisdictions, weak investor remedies, or advisors linked to problematic trading—even if applicants meet baseline requirements. The move targets wild swings and manipulation seen in certain microcaps, especially from overseas issuers, and adds an extra integrity screen to protect investors and market quality.

Source: Crain’s New York Business


Interactive Brokers to accept stablecoin deposits from retail clients

Interactive Brokers will roll out stablecoin funding for U.S. retail accounts, letting clients move money into brokerage balances directly from crypto wallets. Faster, 24/7 token transfers could reduce funding frictions versus wires or ACH, and signal broader competition among brokers to embed on‑chain payment rails alongside traditional markets.

Source: FinanceFeeds


AI trade stumbles drag U.S. stocks to a weekly loss

U.S. equities finished the week lower as another stumble in popular AI trades—highlighted by Broadcom’s guidance concerns and Oracle’s selloff—pressured the Nasdaq and bled into broader risk sentiment. The pullback underscores how concentrated leadership leaves the tape vulnerable to guidance resets and margin anxieties, even as secular AI demand remains a tailwind.

Source: Seeking Alpha


UK growth disappoints, widening trade gap stokes BoE cut bets

UK GDP missed market expectations as the trade deficit widened, reinforcing a downbeat growth narrative into 2026. The weak print, alongside softer domestic demand, has investors leaning toward earlier Bank of England easing, with sterling and gilt pricing reflecting mounting cyclical pressure.

Source: Seeking Alpha


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Coinbase set to launch prediction markets and tokenized equities

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Interactive Brokers opens global client access to Brazil’s B3 exchange

Tether explores tokenized equity and buybacks in pursuit of a $500B valuation

Business — December 13, 2025 | Briefing24