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
China stepped up rare earth export controls on Thursday in a rare move that could have widespread implications for global supply chains and both traditional and crypto market sentiment. China’s Ministry of Commerce announced sweeping new export restrictions on rare earth materials, processing technologies and derivative products used in semiconductors, AI systems and defence. The
Mitsubishi UFJ Financial Group launched a security token platform for retail investors. The move enters a market that has grown to $1.27 billion (JPY 193.8 billion) in cumulative issuance as of August 2025. ASTOMO, the new platform, allows individuals to invest in fractionalized real estate starting at $653 (JPY 100,000). This lowers the entry point
Hong Kong is scaling up its digital yuan infrastructure, adding more merchants accepting e-CNY payments. Authorities are also exploring raising transaction caps and expanding wallet functionality, which are part of broader efforts to deepen cross-border payment integration with mainland China. Current Limits Under Review Hong Kong’s government is working to expand China’s digital currency reach
The Japanese yen has weakened significantly, trading past ¥153 per US dollar for the first time since February. This has reignited concerns over the yen carry trade and its potential to trigger a global financial upheaval. The Bank of Japan faces a critical choice: raise interest rates to support a plunging yen, or maintain current