The US government sold $44 billion of seven-year debt on July 28, and buyers accepted it at a yield of 4.473%. That was 21.3 basis points above the 4.260% yield awarded at June’s Treasury auction. Investors could lend money to Washington for seven years, collect regular interest, and lock in a return approaching 4.5% before
India’s Union government has released an additional ₹1,09,019 crore ($12.5 billion) in tax devolution to state governments. The early transfer gives states access to funds more than a week before the regular August payment. The move aims to accelerate infrastructure and development spending. However, the additional liquidity could also have indirect effects on financial markets,
The Indian rupee strengthened for a sixth consecutive session on Friday, closing at ₹95.35 against the US dollar, up 15 paise from Thursday’s ₹95.50 close, itself a 26 paise gain marking the fifth straight session of gains. Why the Rupee Keeps Rising Sustained RBI dollar selling combined with a shift in foreign portfolio investor behavior
Coinbase told investors on Thursday that 88% of its second-quarter net revenue came from something other than Bitcoin spot trading. The same release reported a $359.5 million net loss under US accounting rules, the company’s third consecutive losing quarter. Both numbers describe the same three months. Taken together, they get closer to the truth about
Trading volume for tokenized stocks and ETFs surged 288% to a record $11.3 billion in July, though most of the increase came from a single Binance-linked token. Binance bStocks accounted for $9.41 billion, or 83.3% of the total, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. A bStocks token, QQQB, tracking Invesco’s QQQ
Perpetual futures, or “perps,” are the largest market crypto has built, and they are quietly reversing the story everyone tells about convergence. Crypto is described as maturing toward traditional finance, adopting its discipline around revenue, buybacks and disclosure. In perps, the movement runs the other way: traditional assets are migrating onto a structure that crypto
Tether, the world’s largest stablecoin issuer, has released its financial report for the second quarter of 2026. According to the report, prepared by independent auditing and accounting firm BDO, the company’s net operating profit for the quarter was approximately $1.5 billion, while its assets exceeding liabilities reached $4.11 billion. As of June 30, 2026, the
India’s position as the global leader in crypto adoption is being fueled by its younger generation. Gen Z investors are now embracing cryptocurrencies like never before. This group has started to consider digital assets as a part of their small investment portfolio along with stocks, mutual funds, and SIPs. A recent report highlights this growing