Digital asset products experienced a significant turnaround with $1.0 billion in inflows, ending a five-week streak of $4.0 billion in outflows. This change in sentiment was attributed to price weakness, technical resets, and a resurgence in accumulation by larger investors, often referred to as “whales,” highlighting a shift in market dynamics.
India’s chief economic adviser stated that the country’s rupee is “fundamentally undervalued,” suggesting that its current levels could attract investors. The rupee has been struggling as one of Asia’s worst-performing currencies, influenced by rising oil prices and foreign equity outflows due to ongoing Middle Eastern conflicts. Despite these pressures, India
Tether has made a strategic $200 million investment in Whop, an online marketplace, to expand the use of stablecoin payments in real-world scenarios. This investment is part of Tether’s broader effort to move beyond crypto […]
Solana has achieved a significant milestone with its real-world asset (RWA) market cap reaching an all-time high of $1.68 billion, which underscores its increasing importance in the tokenization of assets such as treasuries and private […]