$XRP ETFs outperformed Bitcoin ($BTC) ETFs by roughly 106% on a net-flow basis on September 1, even as both cryptocurrencies experienced notable price declines. Namely, in the eleventh consecutive day of inflows, U.S. spot $XRP ETFs attracted another $14.38 million on September 1, extending one of their strongest stretches of institutional demand this year, according
India’s stock market is currently facing a strange phase with significant pressure from an unusual source. While Indian investors continue to explore the market via SIPs and mutual funds, foreign investors are reportedly dumping shares. This growing gap between these two trends has raised questions about the future of Indian equities. Foreign investors are losing
Standard Chartered estimated in January that stablecoins could pull about $500 billion from US bank deposits by the end of 2028. Regional banks looked especially exposed given how much they depend on the spread between what they pay depositors and what they earn on loans. Now, 21 major financial institutions, including Bank of America, Citi,
DeFi Technologies reached its Sept. 1 Nasdaq minimum-bid deadline after its US-listed DEFT shares closed Aug. 31 at $0.6032, making it impossible to complete the required 10-business-day streak at or above $1. The threshold miss moves the company into an eligibility review, with either a second compliance window or a written delisting determination as the
The number of tokenized stock holders more than doubled in the month of August with data from Token Terminal showing that 928.4K new holders were added in the month. This is a growth of around 120% from the previous month where the holder count was sitting at roughly 771K. One month added more holders than
Coinbase co-founder Fred Ehrsam is reportedly seeking operating rights for more than three oil fields in Venezuela, according to a Bloomberg report citing people familiar with the matter. The fields are currently operated by Alborada Heavy Industries, while U.S. authorities are reviewing whether to cancel the existing contract. Background and Recent Moves Ehrsam, who co-founded
Former U.K. Prime Minister Liz Truss said surging global bond yields reflect mounting government debt and currency debasement, with Britain among the most exposed major economies. “Global bond yields are spiking due to mountains of debt and the U.K. is one of the worst examples, Truss said in an interview. “The Bank of England has