The Reserve Bank of India (RBI) warned in its December 2024 Financial stability report that the widespread use of digital assets, stablecoins and tokenization based on blockchain can create significant vulnerabilities for financial stability. “Widespread use of crypto-assets and stablecoins…
TLDR: Robinhood reported 165% growth in crypto revenue to $61 million in the third quarter Total revenue increased 36% year-over-year to $637 million Assets under custody increased 76% to $152.2 billion The company’s shares fell 11% despite strong crypto performance…
TLDR Czech National Bank Governor Aleš Michl discusses Bitcoin as a potential reserve asset CNB currently holds 50 tons of gold, plans to increase to 100 tons in 3.5 years The governor personally thought of buying “some bitcoin”. Final decisions…
TLDR: New stablecoin USDG launched by major crypto companies including Robinhood, Kraken and Paxos Based in Singapore and compliant with local regulatory framework 97% of the reserve income will be shared among network participants DBS Bank will manage the money…
India digital asset exchange is likely to seek consolidation in 2025, with smaller exchanges either shutting down operations or merging with larger ones due to the country’s punitive taxation regime. The government has long treated digital assets with suspicion, so…
TLDR The Fed cuts interest rates by 25 basis points to 4.50%-4.75% Bitcoin price at $76,644.57, up 1% in 24 hours RWA tokens lead market gains with 11% increase S&P 500 and Nasdaq hit record highs after rate decision Powell…
Singapore has pulled ahead of its rivals in the race to become Asia’s digital wealth hub, and the country’s financial watchdog has pledged to provide further regulatory clarity to promote adoption. In 2024, the Monetary Authority of Singapore (MAS) issued…
TLDR: The Brazilian Central Bank (BCB) is launching phase two of the DREX CBDC pilot program Partnership includes Microsoft Brazil, Banco Inter, 7COMm, and Chainlink The project focuses on the automation of cross-border commodity settlements using blockchain Chainlink’s CCIP allows…
Indonesia is in a race to shift oversight of the country’s digital asset sector from the trade ministry to the financial services watchdog as a new law takes effect. Indonesia adopted the amended Financial Sector Act in 2024, which will…
TLDR US national debt has reached $36 trillion by November 21, 2024 Trump appointed Elon Musk and Vivek Ramaswamy to lead the new Department of Government Efficiency (DOGE). Debt servicing costs are expected to exceed $1 trillion next year, surpassing…
