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After being on a downswing for nearly six months, stock markets have started to rise again. The overall benchmark indices, Nifty 50 and Sensex, spiked over the last four trading sessions (up to Thursday), with the former rising 6.5 per cent and the latter 6.4 per cent during this period.Although trade tensions over Trump’s tariffs persist, the pause button pressed by Donald Trump has fuelled a sense of hope in markets worldwide.The overall bearish sentiment over the past few months has dissuaded investors from putting money into mutual funds. Inflows into mutual funds SIPs have been declining month after month.…
Ripple Labs’ legal standoff with the US Securities and Exchange Commission (SEC) has entered a new phase, with both parties agreeing to pause an ongoing appeal for 60 days while settlement discussions continue. At the same time, momentum is building in the market for a spot XRP exchange-traded fund (ETF), with ETF analyst Nate Geraci stating there is little reason for regulators to deny approval. The convergence of legal de-escalation and increasing investor interest suggests that XRP could soon see more mainstream financial integration.Ripple and SEC Hit Pause on Legal Battle Amid Settlement Talks and Political Shake-UpThe long-running legal saga between…
Welcome to your Good Friday edition of the daybook. With markets on a shortened schedule for the Easter holiday, today’s update is shortened as well. CoinDesk’s Crypto Daybook Americas will be back to its regular size on Monday, April 21. Enjoy the holiday! By Francisco Rodrigues (All times ET unless indicated otherwise) It’s Easter. Traditional markets are closed in many parts of the world and plenty of people are taking a break from work, and that’s keeping crypto markets in check as well. The CoinDesk 20 Index (CD20), a measure of the biggest, most active cryptocurrencies, has gained less than…
Kevin O’Leary, widely recognized as a shrewd investor and a no-nonsense entrepreneur from CNBC’s Shark Tank, has built a formidable reputation with a net worth once estimated at $400 million. Known for his blunt honesty and sharp business acumen, O’Leary’s journey to wealth has been marked by successful ventures across various industries. However, his fortune took a significant hit in the aftermath of the FTX collapse, where he lost millions following the implosion of Sam Bankman-Fried’s crypto empire. The FTX debacle not only tarnished O’Leary’s finances but also called into question the due diligence practices of the seasoned investor, who…
Trump criticized Jerome Powell for not lowering interest rates and hinted at removing him from office. The Federal Reserve chair’s independence is legally protected, making it difficult for the president to dismiss him without valid cause. If Trump tries to remove Powell, it could lead to a legal battle over the interpretation of the law and the Fed’s autonomy. The Federal Reserve is the central bank of the US. It sets interest rates and makes decisions to maintain the stability of the economy. The Fed is supposed to be independent. This means it should not be controlled by the president…
UCITS offer a tax-efficient, transparent, and liquid pathway to global markets—without the downsides of directly investing in US securities. Mint breaks down what UCITS are, how they work, and why they matter. “UCITS are essentially pooled investment vehicles,” explains Lovaii Navlakhi, managing director & CEO of International Money Matters, a firm offering financial consulatncy. “They are a European fund structure that enables investment vehicles to be established and distributed across multiple jurisdictions in the form of Exchange Traded Funds (ETFs).” Read this | Investing in 2025: How often should you rebalance your portfolio? Most UCITS are domiciled in Luxembourg and…
With the use of Blocksquare’s white-label technology, Vera Capital will introduce its own dedicated digital marketplace. This partnership will use Blocksquare’s scalable and regulatory-compliant tokenization infrastructure to put a large portfolio of commercial and multifamily real estate assets across the US on-chain. Vera Capital and Blocksquare, a leading real estate tokenization infrastructure provider, announced a $1 billion deal to tokenize real estate in the United States. This partnership will use Blocksquare’s scalable and regulatory-compliant tokenization infrastructure to put a large portfolio of commercial and multifamily real estate assets across the United States on-chain. With the use of Blocksquare’s white-label technology, Vera Capital will…
Shiba Inu (CRYPTO: SHIB) has amassed a following among a certain group of cryptocurrency enthusiasts who value community and follow the hype. It probably helps that Shiba Inu’s price has climbed astronomically since its launch in August 2020, despite the extreme volatility. As of April 17, this meme token is trading for a gut-wrenching 87% below its all-time high. That record was established in October 2021, at the tail end of a strong run for both stocks and cryptocurrencies. Speculative investors could be eyeing the current situation as an opportunity to be more aggressive. Where to invest $1,000 right now? Our…
Kyrgyzstan introduced the legal framework for its CBDC, the digital som, with testing set for 2025. Prototype testing for the digital som will begin this year, with a final issuance decision planned for 2026. President Sadyr Zhaparov made Kyrgyzstan one step closer to becoming part of the few countries operating central bank digital currencies (CBDCs). He signed on constitutional amendments, which introduced the legal framework for the digital som. This legislation outlines the future CBDC launch framework. Meanwhile, the National Bank of the Kyrgyz Republic was appointed to manage this digital currency platform as its sole operator. Testing to Begin…
The problem of growing credit card debt is not limited to the general public. Even employees of the US federal government face the same issue – at least, that’s what DOGE, a government audit body reportedly conceived by Tesla and SpaceX CEO Elon Musk, has confirmed.Recently, the official social media handle of the Department of Government Efficiency (DOGE) posted that its programme to audit unused and unneeded credit cards has been expanded to 30 agencies. It also noted that, after seven weeks, around 470,000 credit cards have been deactivated.In the same post, DOGE further points out that there were around…