India’s stock market witnessed an unusual divergence this week after the Securities and Exchange Board of India (SEBI) rolled out its new Closing Auction Session (CAS), triggering sharp swings in benchmark indices and reigniting debate over how markets discover their final closing price. Why Did the Nifty Reverse? The Nifty 50 erased part of Monday’s
Samsung’s recent announcement that it is adding stablecoin support to 800 million new smartphones could position the tech giant to become a major stablecoin distributor, experts told CoinDesk. This is not Samsung’s first venture into cryptocurrencies. Samsung, the largest company in South Korea, has been actively involved in the crypto industry for several years, having
Bitdeer Technologies Group said on Aug. 4 that its Tydal Data Center subsidiary signed a 16-year colocation and services agreement with Volta Tydal AS for an artificial intelligence and high-performance computing campus in Norway. The contract covers 121 megawatts of critical IT capacity, supported by about 133 MW of total power. Bitdeer expects approximately $4.7
Polymarket, the blockchain-based prediction market platform, is reportedly seeking to raise $1 billion in a new funding round that would value the company at approximately $20 billion, according to a Bloomberg report. The report, which cites sources familiar with the matter, indicates that the company is in discussions with investors, though the terms are not
Tokenized equities firm Dinari is bringing its blockchain-based U.S. stock offering to eligible domestic investors, marking an expansion of the custodial tokenization model into the U.S. market. The company said Tuesday that investors can buy and sell 724 tokenized U.S. stocks, including every company in the S&P 500, using Circle’s $USDC stablecoin through self-custody wallets.
As South Korea’s government tightens lending regulations to cool the housing market, a notable shift is emerging among Seoul homebuyers: many are selling financial assets, including stocks and cryptocurrencies, as well as existing real estate, to finance new purchases. According to an exclusive report by Maeil Business Newspaper, an analysis of home purchase financing plans
Despite the remarkable growth of the Indian crypto market, Indian traders still use dollar-backed stablecoins like $USDT and $USDC. While this creates currency risks, industry leaders highlight the significance of a regulated Indian rupee-backed stablecoin. According to experts like Binance’s SB Seker, an INR stablecoin could reduce foreign exchange risks and build a stronger crypto
Cathie Wood’s Ark Invest bought an extra $8M worth of Coinbase COIN stock on the 3rd of August. According to the asset manager’s daily trades, $716.3K worth of COIN was acquired by ARKF, its fintech ETF tracker. Another $5.7M COIN buy was made by ARKK, its innovation ETF index. Finally, $1.6M was purchased by ARKW,