Category: Business

[ad_1] Key Takeaways The Sensex fell 2.15% on July 8 before recovering as Indian mutual funds bought the dip. UPI processed 241.6 billion transactions in FY 2025-26, per NPCI, cementing India’s payments lead. The RBI continues urging banks to avoid crypto exposure even as 39 million Indians hold digital assets. A Sharp Drop, a Fast…

[ad_1] The US Senate is expected to vote soon on a comprehensive bill to establish market structure rules for digital assets, backed by Republican lawmakers, while some Democrats continue to push for ethics provisions. In a Tuesday press conference, Senators Chris Murphy, Jeff Merkley, and Chris Van Hollen spoke alongside representatives for Americans for Financial…

U.S. gross national debt crossed $39 trillion in mid-March, and debt held by the public stood at over $31 trillion. With the Congressional Budget Office projecting a $1.9 trillion deficit in fiscal 2026 and public debt rising to $56 trillion by 2036, Sen. Cynthia Lummis is pitching the proposed BITCOIN Act to have the Treasury…

[ad_1] The US Department of Justice is reportedly moving to drop charges against the founder of BitClub Network, a purported crypto mining platform that allegedly defrauded investors of $722 million between 2014 and 2019. A court filing shows Matthew Goettsche’s attorneys wrote to New Jersey district court Judge Claire Cecchi on Wednesday, stating that the…

[ad_1] Key Takeaways Euroclear sued to void a Russian asset ruling, exposing global clearing risks as Brussels next decides. Russia ordered $232B in assets unblocked, bypassing EU law as Nabiullina next deploys legal tactics. The dispute risks asset seizures abroad, threatening clearance markets as global legal battles next grow. Euroclear Introduces Lawsuit Against the Central…

[ad_1] Crypto infrastructure company BitGo Holdings laid off about 15% of its staff on Thursday as its CEO pledged to focus the company on areas including trading, stablecoins and artificial intelligence. “Today I’m sharing a hard decision: we are reducing our workforce by nearly 15%,” BitGo co-founder and CEO Mike Belshe posted to X on…

[ad_1] White House officials claimed that they had “not received names” in response to requests to Senate Democrats for potential commissioners to two US financial regulatory agencies. In a Thursday letter to US Senate majority leader John Thune and minority leader Chuck Schumer, White House officials said that they had already solicited names from Senate…

[ad_1] Key Takeaways Rick Rule warns junk bond ETFs holding trillions in assets face a liquidity mismatch risk. Rule says U.S. federal debt near 120% of GDP limits the Fed’s 2026 bailout options. Rule turned away 135 exhibitors from his Boca Raton symposium after a 40% sector selloff. The veteran resource investor made the comment…

[ad_1] Crypto gaming company Yield Guild Games says it has shut down its crypto game publishing arm, YGG Play, and will instead focus on feeding data to artificial intelligence. Yield Guild Games said Monday that it would also lay off 35 employees, adding that a prolonged crypto market downturn and a “similarly brutal” video game…

[ad_1] The Trump administration’s push to establish a US Strategic Bitcoin Reserve has reportedly hit a roadblock, as the Commerce and Treasury departments are at odds over how the reserve should be structured and which agency should have primary oversight of the holdings. US President Donald Trump’s March 2025 executive order called for the SBR…