Goldman Sachs, Wells Fargo and Morgan Stanley See Tokenization as a Growth Play

Polygon Labs has completed its acquisition of Coinme as it moves deeper into regulated payments, stablecoin infrastructure and fiat-to-crypto conversion services. The company is positioning the deal as a way to own customer relationships, collect payment fees and expand beyond blockchain infrastructure.

The U.S. dollar pushed toward yearly highs after inflation data came in above expectations, lifting Treasury yields and strengthening expectations for a more cautious Federal Reserve. EUR/USD, GBP/USD, USD/CAD and USD/JPY all moved in favor of the dollar as traders reassessed policy risks and key technical levels.

WTI and Brent oil climbed sharply as traders positioned for a potential escalation involving the U.S. and Iran, with supply-risk premiums returning to the energy market. Natural gas moved lower as weather expectations pointed to weaker demand next week and prices failed to hold above nearby resistance.