The RBI's special foreign currency attraction measures have mobilized over $40 billion in two months, primarily through FCNR(B) deposits, aiming to strengthen India's external defences rather than boost the rupee, which remains stable around 95.31 to the dollar
Kraken will automatically liquidate seven delisted tokens (PLANCK, AIR, MICHI, FLY, ANLOG, TERM, STRD) from August 3-7, following the July 31 withdrawal cutoff. Clients with remaining balances face forced conversion, with potential for minimal proceeds due to limited market liquidity.
The Japanese yen surged to a two-month high after a rare joint currency intervention by Tokyo and Washington, following its drop to a 40-year low. US President Donald Trump called the move a "signal of friendship," with analysts noting Japan's favorable window and US aims to limit Treasury selling pressure.
Five-year Chinese treasury bond futures began trading on the Hong Kong stock exchange, providing a standardized instrument for hedging interest rate risk. This move is seen as a critical institutional cornerstone to elevate the renminbi's status as an international reserve currency amid global demand for credible safe assets.
The Japanese yen reached a three-month high against the US dollar after Japan and the US conducted a rare joint currency intervention to support the yen, which had weakened to a 40-year low. Both nations confirmed further action if needed, while analysts offer mixed views on the long-term impact.
The US and Japan conducted a rare coordinated currency market intervention, with Japan buying yen to counter excessive volatility. Both nations signaled readiness for further action if needed, as Japan also cut its economic growth outlook due to high oil prices and a weaker yen.
Japan and the United States confirmed a rare, coordinated yen-buying intervention to prevent the Japanese currency from falling to 40-year lows, with Tokyo signaling readiness for further action. The move aims to curb inflation and stabilize the global economy.
The European Central Bank is redesigning euro banknotes, launching a public survey that has garnered over 6 million votes on whether to feature cultural figures or wildlife. The new notes, aimed at enhancing security and European identity, are slated for circulation by 2030 or 2031, with the final design chosen in late 2026.
The European Central Bank launched a public survey for redesigned euro banknotes, asking whether cultural figures or wildlife should be depicted. Over 6 million people voted, with the final decision in 2026 for new notes circulating in 2030-2031.
A Chinese study highlights cryptocurrency's dual nature, facilitating illicit activities like money laundering while offering regulatory tools to combat financial crime. This comes as Chinese prosecutors indicted 3,259 people in 2025 for crypto-related money laundering.
Minnesota has enacted a law prohibiting virtual currency kiosks, effective August 1, following Governor Tim Walz's signing of SF 3868 in May. The ban aims to curb scams, which caused residents $1 million in losses from 2023-2025, disproportionately targeting seniors.
Louisiana's Act 482, effective August 1, allows users to demand full refunds for virtual currency kiosk transactions if the operator was unlicensed at the time. Operators must respond within 10 business days and complete refunds within 90 calendar days.
Deutsche Bank Research's report reveals Turkey as the most expensive market for the iPhone 17 Pro, costing over twice the US price, while Japan offers the cheapest. The report highlights taxes, tariffs, and currency weakness as key factors in price disparities, particularly widening the Europe-US gap.
Russia has expanded its cryptocurrency mining restrictions to Moscow, the Moscow Region, and parts of the Kursk Region, with the ban taking effect on August 15, 2026, and lasting until December 31, 2032, citing growing electricity demand.
A raid in Malaysia revealed how cryptocurrency mining is increasingly linked to electricity theft and organized crime across Southeast Asia, causing billions in losses for utilities and prompting governments to enhance enforcement and legislation.
Japan's central bank maintains 1.0% interest rate, aligns with market expectations. Yen surges 3.5% after reported intervention, with South Korea joining. BoJ warns of CPI inflation exceeding 2% in 2026's second half.
A Consumer Federation of America report estimates $80.7 billion in scam and cybercrime losses in the US, with cryptocurrency scams accounting for over half, at $61.4 billion estimated loss, based on FBI-reported $11.37 billion, a 22% increase from 2024.
Zcash activates Ironwood upgrade, retiring vulnerable Orchard pool, introducing new accounting rules, and enhancing privacy/security, following a critical vulnerability that sparked a 38% market rout.
45% of crypto investors cite diversification as their primary reason for holding digital assets, but experts warn of volatility and conditional benefits, recommending small allocations (1-3%) to balance risk and diversification.
Russian Central Bank Governor Elvira Nabiullina announced there are no restrictions for investors to withdraw cryptocurrency abroad, but cautioned that Russian law does not protect investors operating outside the country's jurisdiction.
Bitcoin dropped below $65,000 as rising oil prices, fueled by Red Sea tanker attacks and US threats against Iran, pushed Treasury yields higher and triggered a broader retreat from risk assets, impacting spot demand and ETF flows.
The EU unveiled its largest sanctions package in four years against Russia, leading FIDE President Arkady Dvorkovich to suspend his activity. The measures target 218 individuals and entities, including banks, vessels, and military-industrial complex, while Ukraine faces ongoing attacks.
Binance has partnered with UK nonprofit STOP THE TRAFFIK to enhance its capabilities in identifying and investigating cryptocurrency activity linked to human trafficking and child exploitation, receiving specialized intelligence and training.
Non-resident Indians can choose between FCNR(B) and NRE deposits for investments in India. FCNR(B) offers currency protection, while NRE deposits carry exchange rate risk but can yield higher returns if the rupee strengthens. Historically, the rupee has depreciated against the US dollar, making the choice dependent on risk appetite and future fund utilization.
