XRP trades near $1 as network activity on the XRP Ledger rebounds and whale deposits to Binance plummet. Despite broader adoption and lower exchange supply, fresh institutional spot demand via US-listed ETFs has slowed sharply for three consecutive months.
Hawaii Governor Josh Green signed Act 224, banning cash-to-crypto kiosks starting October 1 to curb scams targeting older adults. While cash deposits to buy crypto are outlawed, users can still sell crypto for U.S. currency.
Beijing issued a preliminary ruling finding the US and Mexico are dumping pecans in China, announcing provisional anti-dumping cash deposits of up to 54.3 per cent.
Real-world asset deposits across decentralized finance platforms more than tripled year over year to $7.4 billion in Q2 2026, driven by financial utility and demand for yield-bearing stablecoins and Treasuries, according to a joint CoinShares and Token Terminal report.
Financial experts advise investing in fixed deposits based on personal financial goals and cash flow rather than timing interest rates, as RBI keeps repo rate unchanged.
The Reserve Bank of India's special schemes have drawn $40.81 billion in foreign exchange inflows by July 31, with Foreign Currency Non-Resident (FCNR(B)) deposits accounting for $36.72 billion. This surpasses 2013 levels, and further significant inflows are projected by research firms.
Investors with large sums (Rs 10-15 lakh) in fixed deposits face a choice between a single large deposit or splitting it into multiple FDs. Splitting offers better liquidity, increased DICGC insurance coverage, and flexibility through laddering, but requires more management effort.
Donald Trump stated the US can take "pretty much whatever we want" from Ukraine's rare earth deposits under a 2025 minerals deal, claiming profits could exceed US aid. He criticized Biden for not securing repayment, while the deal faces conflict-related risks and corruption.
The Bank for International Settlements (BIS) announced Project Agorá successfully completed real-value testing of tokenized wholesale cross-border payments. The trials involved 28 financial institutions and central banks, settling 800,000 Swiss francs across 17 scenarios with an average settlement time of 80 seconds.
Investors with large sums, such as Rs 10-15 lakh, face a choice between single or multiple fixed deposits. Splitting FDs offers enhanced liquidity, increased deposit insurance coverage, and flexibility through laddering, but requires more management effort. The decision depends on liquidity needs, financial goals, and risk appetite.
Goldman Sachs CEO David Solomon supports the Clarity Act, a crypto market-structure bill, despite opposition from much of the banking sector, particularly regarding stablecoin yield provisions. The bill aims to legalize most crypto activity in the US and classify many assets as non-securities, potentially drawing more institutional players.
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.
A Bank for International Settlements (BIS) study reveals dollar-backed stablecoins are fostering 'digital dollarization' in emerging markets, largely bypassing capital controls. This trend, driven by macroeconomic stress, challenges traditional monetary policy and necessitates new regulatory tools, despite offering financial access.
Zilliqa, a layer-1 blockchain network, is investigating a security incident involving an exchange partner after its native ZIL token was stolen from a cold wallet. Zilliqa has asked exchanges to temporarily pause ZIL deposits and withdrawals as a precaution, but has not disclosed the amount stolen or the partner's identity.
The Bank of Korea is reportedly planning to launch the second phase of its wholesale central bank digital currency (CBDC) pilot, Project Hangang, as early as September. This phase will expand participation to nine banks, introduce new payment features, and test government subsidy disbursements using tokenized bank deposits.
HSBC Bank's IFSC unit in GIFT City offers Non-Resident Indians up to 19x leverage on FCNR(B) deposits, enabling significantly amplified returns. While this strategy can boost profits, experts warn of substantial risks if borrowing costs, particularly SOFR, exceed deposit interest rates. FCNR(B) deposits also provide protection against Indian Rupee depreciation.
The European Central Bank (ECB) warns that stablecoins threaten European bank deposits by operating outside the traditional banking system, potentially reducing lending capacity. Executive board member Piero Cipollone presented the digital euro as a structural solution to safeguard deposits and transaction data for commercial banks.
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ECB Executive Board member Piero Cipollone warns that widespread stablecoin adoption could reduce commercial banks' retail deposit base, while promoting the digital euro as a solution to preserve banks' role in the payments system.
Circle has received final OCC approval to establish Circle National Trust, a national trust bank. However, it cannot accept deposits, make loans, or offer retail banking services. Its primary function will be fiduciary digital-asset custody, with potential future expansion to institutional clients and USDC reserve management.
SWIFT's new blockchain-based ledger pilot allows 17 global banks to transfer tokenized deposits on weekends, improving client experience and liquidity efficiency. Major institutions like Citi, HSBC, and Wells Fargo are participating, though ultimate settlement still relies on legacy systems.
EU officials are reportedly planning to revise the Markets in Crypto-Assets (MiCA) framework, potentially in 2027, in response to the US GENIUS Act on stablecoins. The revisions may broaden MiCA's scope to include non-EU companies issuing stablecoins and tokenized payments/deposits.
The Enforcement Directorate has frozen Rs 440 crore in All India Trinamool Congress (TMC) bank deposits in Kolkata under the Prevention of Money Laundering Act. The action is part of a probe into alleged financial transactions linked to cyber fraud proceeds routed through aviation and travel companies.
Non-resident Indians (NRIs) and OCIs can choose between FCNR(B) and NRE fixed deposits for reliable returns. FCNR(B) offers currency protection in foreign denominations, while NRE is in Indian rupees. Both are tax-exempt and fully repatriable, with the choice depending on currency expectations and financial goals.
