Binance Japan’s business partnership with PayPay is an ambitious push to make crypto an everyday payment tool in Japan’s fragmented, yet rapidly evolving market. The crypto market in Japan is entering a new phase of mainstream adoption after PayPay, the SoftBank and Yahoo Japan-backed payments giant, took a 40 percent stake in Binance Japan to
Key Takeaways The Central Bank of Russia is moving to permit limited crypto activity among banks. Strict capital reserve requirements will remain to manage risk, even as banks engage more with cryptocurrencies. Russia’s central bank is preparing to permit banks to engage in crypto operations under tight regulatory oversight. The monetary authority is exploring a
US Secretary of Commerce Howard Lutnick is personally assisting with Tether’s equity fundraise, according to Swan Bitcoin CEO Cory Klippsten. Citing a tip from a national news reporter, Klippsten claims that Lutnick is simultaneously running the Department of Commerce (DOC) and drumming up support for the stablecoin giant’s $20 billion open equity round. On September
Morgan Stanley is expanding its crypto offerings, allowing all clients to have access to digital assets, according to a Friday report. CNBC reported Friday that advisors will be able to offer crypto fund investments to any client as of October 15, including those with retirement accounts. Previously, only high-net-worth individuals could invest in crypto at the
India’s Prime Minister Narendra Modi expressed confidence in the Reserve Bank of India’s digital currency initiative during his address at the Global Fintech Fest 2025 in Mumbai. The Prime Minister stated that the digital currency project will strengthen India’s economic growth story. Modi highlighted India Stack as the foundation of the country’s digital economy during
Online prediction market Kalshi has raised more than $300 million at a $5 billion valuation as prediction markets move into the financial mainstream, according to a report by the New York Times on Friday. The company will now allow users in over 140 countries to place bets, marking its first major international expansion, the article
The US government shutdown has negatively impacted government agencies. As a result, government employees were furloughed, and the publication of key economic indicators, such as employment and Gross Domestic Product (GDP), was suspended. As uncertainty persists about how long the US lockdown will last, anxiety about the Fed’s interest rate cuts has also increased. The
Hargreaves Lansdown, the UK’s largest retail brokerage, advised investors to avoid adding cryptocurrencies to their portfolios even as regulators opened new paths for exposure. The firm reiterated that Bitcoin “has no intrinsic value” and lacks the fundamentals that define legitimate asset classes such as equities or bonds. Hargreaves Lansdown framed crypto’s sharp rallies and collapses
News that the Bank of England could allow certain exemptions for its planned stablecoin holding cap has been greeted with muted enthusiasm from within the UK crypto industry, with stakeholders calling for the proposed limits to be “recalibrated.” The potential waiver would enable crypto-exchanges and other large entities to exceed the mooted £10 million ($13.3
South Korea’s cryptocurrency market, well-known for its focus on retail spot trading, is experiencing a noticeable slowdown. The country’s daily stablecoin trading volume exceeded ₩1 trillion ($730 million) at the end of last year. Since then, it has shrunk to around ₩200 billion ($146 million) by June—an 80% drop in just six months. Why Did