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Share link:In this post: Ripple has released the first volume of its OCC banking license application, taking a formal step to increase its financial infrastructure. The firm proposes its National Trust Bank, with its application focusing on the use of RLUSD. Ripple unveils its five-man governance panel, establishing its commitment towards regulatory oversight.
Share link:In this post: Pakistan and Kyrgyzstan have agreed to deepen collaboration in crypto and blockchain innovation. Both countries also agreed to share knowledge, expertise, and best practices to help their economies. Pakistan signs several MoUs with Kyrgyzstan amid the downturn in its economic conditions.
Share link:In this post: India confirmed it will continue importing Russian oil despite Trump’s threat of penalties and a 25% tariff. Officials said no instruction has been given to oil companies to cut back on Russian crude. India now gets over 33% of its oil from Russia, up from less than 1% before the Ukraine war.
Share link:In this post: Trump Media & Technology Group reported a net loss of $20 million on net sales of $883,300 for Q2 2025. Donald Trump owns 52% of TMTG through a revocable trust, with his stake valued at approximately $1.9 billion. TMTG attributed its Q2 results to various factors, but the most notable one is reportedly its Bitcoin treasury.
- 00:59UK government: US companies plan to invest over £1.25 billion in the UK financial services sectorJinse Finance reported that the UK government announced on Saturday that the US private sector will invest over £1.25 billion (approximately $1.69 billion) in the UK's financial services sector, including PayPal, Bank of America, Citigroup, and S&P Global. The statement said that these new US investments will create 1,800 jobs in the UK and bring greater convenience to millions of customers. The statement also pointed out that this agreement promotes £20 billion in trade between the two countries, including a £7 billion commitment that BlackRock is expected to make in the UK. According to the statement, Bank of America will create up to 1,000 new jobs in Belfast, marking the bank's first business operation in Northern Ireland; Citigroup will invest £1.1 billion in its UK business; S&P Global will invest £4 million in Manchester, creating 200 permanent positions.
- 00:56CARDS market cap surpasses $650 million, reaching a new all-time highAccording to ChainCatcher, based on GMGN market data, the Solana ecosystem physical card trading platform Collector Crypt's token CARDS briefly surpassed a market capitalization of $650 million, reaching a new all-time high. It has now retraced to $620 million, with a 24-hour increase of 44% and a 24-hour trading volume of $26.5 million.
- 00:40Data: A user’s short position on PUMP has an unrealized loss of $35 million, with total losses exceeding $44.1 million.According to ChainCatcher, crypto analyst Ember@EmberCN has monitored that the account named “btc@tuta.com” on Hyperliquid currently holds the largest PUMP short position. The account is shorting 8.56 billions PUMP with 5x leverage, with a position value of $64 million and an entry price of $0.00338. However, the current price of PUMP has more than doubled since the entry, resulting in an unrealized loss of approximately $35 million. The account also holds other short positions such as SOL and LINK, with total unrealized losses reaching $44.1 million. Analysis suggests that due to its frequent trading, this account may be engaged in arbitrage or hedging strategies.