Story Highlights FOMC’s August 20 meeting could shape crypto market direction, with traders watching closely. Meanwhile, CME FedWatch Tool shows 83% chance of a 25-basis-point rate cut soon. However, Powell’s Jackson Hole speech may clarify Fed’s stance, fueling crypto optimism or disappointment. The upcoming Federal Reserve meeting on August 20 could decide how the crypto
CoinDCX CEO Sumit Gupta believes Web3 could become a cornerstone of India’s digital economy. In a post on X, Gupta projected that the sector could add $1.1 trillion to India’s GDP by 2032. He pointed to the country’s growing developer base and startup ecosystem as evidence of its readiness to lead. India already has more
JPYC Inc., a Tokyo-based fintech, has secured regulatory approval to issue Japan’s first yen-denominated stablecoin and will launch a new issuance and redemption platform dubbed “JPYC X” in the coming weeks. The announcement marks a breakthrough for Japan’s digital asset industry as it adapts to new legislation designed to bring stablecoins under financial regulation. Japan’s
A significant shift is underway in the traditional financial world. The Royal Bank of Canada (RBC) has made a notable move, substantially increasing its RBC crypto investment. This development highlights a growing trend among major financial institutions embracing digital assets. It’s a clear signal of evolving perspectives on the future of finance. Royal Bank of
Gemini’s long-awaited IPO filing drew fresh attention to payments giant Ripple, with the exchange disclosing a $75 million credit line from the company alongside a steep financial loss. In documents submitted to the U.S. Securities and Exchange Commission (SEC) on Aug. 15, Gemini revealed a $282.5 million net loss for the first half, an almost
Last month was a month filled with significant developments for the cryptocurrency market. The most significant of these was undoubtedly the passage of the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), which regulates tablecoins. The GENIUS law, which went through the necessary stages, finally came before US President Donald Trump and was
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine how XRP has evolved from being just a remittance tool to becoming one of the preferred assets in Latam’s portfolios, and how its popularity might continue to rise. Latam