India’s banking sector is reportedly entering a new phase after years of high bad loans. Bad loans have fallen sharply, with public-sector banks bringing their net NPA ratio down to a record low of 0.4%. This points to healthier balance sheets and a significant recovery from the bad-loan crisis. Thus, Indian banks are now getting
US spot Ethereum ETFs appeared to begin trading with $10.36 billion already inside them, an opening balance large enough to resemble an institutional buying wave before the first full session ended. However, almost all of that amount came from $ETH that Grayscale’s older trusts already held, so the launch moved an existing pool into exchange-traded
Crypto and blockchain companies disclosed $184.1 million across eight funding rounds between Aug. 22 and Aug. 28, led by RQD* Clearing’s $74 million growth investment. Stablecoin neobank Fasset followed with a $68 million Series C that valued the company at $1 billion. Hivemind Digital Group and Entropy completed the next-largest raises, while five of the
The United States has secured majority control of more than 65 billion barrels of Venezuela’s oil reserves, which could reshape global energy markets, but does it actually matter for bitcoin and crypto? President Trump announced on Friday that the US had secured majority control through an agreement involving Washington, Venezuela, and private businesses. He called
The Bank for International Settlements is renewing its criticism of stablecoins, questioning their credibility as everyday money as governments worldwide build regulatory frameworks around the tokens. BIS General Manager Pablo Hernández de Cos, a candidate to succeed European Central Bank President Christine Lagarde next year, argued that stablecoins do not credibly function as a means
Hong Kong’s securities watchdog has declared broker SBCFX and many of its affiliated entities unlicensed, shortly after a collapse in trading that forced thousands of gold investors to lose their $USDT holdings. According to the reports, the SFC added SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited, and Topical Wealth International Ltd to
Federal Reserve Chair Kevin Warsh used his Jackson Hole address to explain his approach to monetary policy and inflation control. The speech focused on price stability, economic conditions, financial markets, and the future role of technology. Markets reacted quickly after the speech, with investors adjusting expectations around the Federal Reserve’s next policy decisions. Treasury yields