India is racing toward becoming a $10 trillion economy. But one missing piece, according to CoinDCX CEO Sumit Gupta, is the absence of an INR-backed stablecoin. In a series of posts on X, Gupta argued that the opportunity is too big to ignore. Globally, the stablecoin market has already crossed $150 billion. Yet India, despite
With Bitcoin price is still in the red and price trading sideways all week, investor sentiment has weakened and demand is slowing. Summary Bitcoin’s price has been hovering around $113,000 for the past week as the market struggles to find momentum. The cryptocurrency has lost approximately 8% over the week and is now 8.4% below
The Federal Reserve’s Reverse Repo Facility (RRP) dropped to its lowest level in 1,596 days, suggesting a crack in the liquidity backbone of global markets. This turnout, which points to tightening financial conditions, raises alarm bells across Wall Street and crypto circles. Experts Warn as Federal Reserve Reverse Repo Drops to a 5-Year Low Malone
Bitcoin has experienced notable volatility recently, with the crypto king falling to $112,500 twice this month. While this price movement may appear concerning, it’s important to understand the dynamics behind the decline. This drop is largely driven by leveraged positions and is unlikely to last long, given the broader market conditions. Bitcoin Investors Are Not
This is a segment from The Breakdown newsletter. To read more editions, subscribe “Civilization advances by extending the number of important operations which we can perform without thinking of them.” — Alfred North Whitehead Investors love the pricing power of “last mile” businesses. Comcast charges $75 a month for internet access because it buried the
REI Network, an EVM-compatible decentralized blockchain, has partnered with Orochi Network, a Verifiable Data Layer for real-world assets (RWAs). The partnership aims to integrate advanced technologies to improve data efficiency, privacy, and integrity for users and developers. In line with REI Network’s official social media announcement, the partnership intends to transform decentralized applications (dApps). Keeping
Key bitcoin BTC$113,770.75 indicators are signaling a potential shift to a bearish market regime as traders await Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Symposium. The first one is the 180-day call-put skew derived from options trading on Deribit, the largest crypto options exchange by volume and open interest. As of writing,
Fed Chair Jerome Powell is expected to hold his own against making a clear commitment to cut interest rates in September during his speech at the Jackson Hole meeting on Friday. While markets are strongly pricing in a rate cut, Powell may avoid giving definitive signals, highlighting the uncertainty surrounding the process. Research firm LHMeyer
Bitcoin BTC$114,022.47 hovered above $113,600 on Thursday after a slight rebound, with traders watching Powell’s address for clues on whether the central bank is ready to endorse rate cuts in September. Solana’s SOL (SOL) and dogecoin DOGE$0.2236 led gains among majors with a 4% bump. Gains across XRP XRP$2.9261 , BNB Chain’s BNB (BNB), ether