Cryptocurrency assets got exposure in January 2026
Global banking authorities have authorized templates for banks to reveal their exposure to cryptocurrency assets starting in January 2026. The Basel Committee on Banking Supervision aims to enhance information availability and support market discipline. The committee addresses the prudential impact on capital of tokenized deposits and stablecoins. Basel members will continue to monitor cryptoasset markets…
Binance got filled against SEC
The US Securities and Exchange Commission (SEC) has allowed a lawsuit against Binance, the world’s largest cryptocurrency exchange, to proceed in part. The lawsuit alleges that Binance and its founder, Changpeng Zhao, violated securities laws, including falsifying trade volume figures, stealing customer cash, and misleading investors about market surveillance measures. The judge’s decision is a…
US dollar weakened while Treasury rose
The US dollar weakened following data showing unchanged monthly inflation in May, while Treasury yields rose. Global stock indexes retraced their early gains, with the Nasdaq, S&P 500, and MSCI world stock index reaching new highs before declining. The PCE price index grew 2.6% in the year ending in May, following a 2.7% gain in…
Inflation remained within Swiss National Bank range
The Swiss National Bank (SNBN.S) has announced a new tab for foreign currency purchases in Q1 2024, totaling 281 million Swiss francs ($312.47 million). This move contrasts with the 22.7 billion francs sold between October and December. The SNB has been selling foreign exchange to support the franc and lessen inflation caused by more expensive…
FTX will pay back all customer claim
FTX, a bankrupt cryptocurrency exchange, has been granted permission by a court to ask creditors to vote on a liquidation plan that would reimburse customers in cash. The company has settled with US government agencies and sold off assets acquired with improperly obtained customer funds, including investments in real estate, venture capital funds, and cryptocurrency…
Canada CPI slip with increases of petrol
Canada’s retail sales increased by 0.7% in April, despite a downward trend in the previous three months, thanks to increases at petrol stations. Monthly retail sales reached C$66.80 billion ($48.78 billion), with sales of automobiles, apparel, furniture, food, and beverages. Gas station sales increased by 4.5%, while food and beverage shops saw a 1.9% gain.…
Singapore Bank became haven to money laundry case last year
Singapore’s banking industry, including wealth management, poses the biggest risk of money laundering in the city-state, according to a money laundering risk assessment analysis released by the government. The home affairs, central bank, and finance ministries highlighted the vulnerability of banks due to the volume of transactions they handle and their interaction with clients from…
Blackstone acquisition Infocom Japanese digital comics
Infocom, a Japanese digital comics distributor, has been bought by Blackstone for 275.8 billion yen ($1.74 billion), including a tender offer for 141.4 billion yen. The company’s parent, Teijin, will sell its 58% holding in Infocom for 134.4 billion yen in a share repurchase. The Infocom transaction is the largest private equity deal made in…