Finance

Reasons the US dollar stays below $4,000 pesos in Colombia

October 29, 2025 Carlos Ramírez

The US dollar has completed eight weeks without exceeding $4,000 pesos in Colombia, driven by global and local factors like the Federal Reserve's rate cut and increased dollar inflows. Analysts point to the DXY index's weakness and government operations strengthening the peso. This stability benefits imports and travel to the United States.

Solana price drops despite U.S. spot ETF launches

October 30, 2025 Chris Blake

Solana's token price tumbled 8% on Thursday, erasing year-over-year gains, even as the first spot-based Solana ETFs debuted in the U.S. The Bitwise Solana Staking ETF attracted significant inflows, but failed to lift the price. Meanwhile, Fidelity advanced its own Solana ETF filing with the SEC.

Coinbase reports strong Q3 earnings as everything exchange advances

Coinbase announced $1.9 billion in revenue and $433 million in profit for the third quarter of 2025, marking a 25% increase from the previous period. The company highlighted progress on its 'Everything Exchange' vision, integrating trading, financial services, and applications. CEO Brian Armstrong emphasized solid financial results and innovative product development.

Mastercard declines comment on reported zerohash acquisition

October 30, 2025 Chris Blake

Mastercard executives sidestepped questions about a reported $2 billion deal to acquire crypto infrastructure firm Zerohash during their third-quarter earnings call. The card network emphasized a broad acquisition strategy without confirming the speculation. This comes amid accelerating mergers and acquisitions in the digital assets sector.

Goldman Sachs and DBS complete first OTC interbank crypto options trade

DBS and Goldman Sachs have executed the first-ever over-the-counter cryptocurrency options trade between two banks. The transaction involved cash-settled Bitcoin and Ether options. This milestone highlights the growing integration of digital assets with traditional finance practices.

Egypt extends EGP 50bn hotel financing initiative by six months to boost tourism capacity

The Egyptian Cabinet has approved a six-month extension of the EGP 50 billion hotel financing initiative to expand the country's hotel capacity. Ministers of Finance and Tourism announced the decision, effective from October 20, 2025. The move responds to requests from investors seeking to complete ongoing and planned tourism projects.

Financial coach advises avoiding frail-care costs for children

A financial wellness coach recommends factoring frail-care expenses into retirement plans after a reader shared subsidizing their mother's R30,000 monthly facility costs. With one in 10 people likely reaching 100, proactive planning can prevent children from facing similar burdens. Options include dedicated investment funds and specialized annuities.

OpenAI eyes $1 trillion IPO despite quarterly losses

OpenAI is preparing for a potential initial public offering that could value the company at up to $1 trillion, with filings possibly in late 2026. CEO Sam Altman has indicated that going public is the most likely path due to massive capital needs. However, the company reported significant losses, estimated at $11.5 billion in its latest quarter.

Sura investments promotes investing bonuses to strengthen savings

October 30, 2025 Juan Pérez

During a virtual forum, Sura Investments experts recommended directing bonuses and aguinaldos to investments to boost savings and wealth. Companies are accelerating savings incentives to retain young talent in a competitive market. The balance between spending and saving was emphasized during the holiday season.