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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.
- 04:46Société Générale: After the Fed decision, market focus returns to inflation dataJinse Finance reported that Société Générale stated the Federal Reserve's decision to cut interest rates by 25 basis points was in line with general expectations and was not disappointing. Although our unconventional forecast of a 50 basis point rate cut did not materialize, as we mentioned last week, if the September meeting decides on a 25 basis point cut, it is very likely that there will be additional 25 basis point cuts in both October and December, which is indeed confirmed by the median in the dot plot. We also note that the Federal Reserve expects the interest rate level to reach 3.38% by the end of 2026, which is consistent with our forecast but nearly 50 basis points higher than current market pricing. Next week, the market's focus will shift entirely to personal income and expenditure data and the Federal Reserve's preferred inflation indicator—the Personal Consumption Expenditures Price Index (PCE). (Golden Ten Data)
- 02:02Former SEC Chairman Gensler says he is "proud" of taking enforcement actions to regulate cryptocurrenciesChainCatcher news, according to Cointelegraph, former US SEC Chairman Gary Gensler admitted in an interview on Wednesday that he has no regrets about the way cryptocurrency enforcement was handled during his tenure at the agency. Gensler said he is "proud" of the right decisions he made regarding digital asset regulation during his time at the SEC, and reiterated his view that cryptocurrency is a "highly speculative and extremely risky asset." When talking about enforcement actions against cryptocurrency companies, Gensler stated: "We have always worked to ensure investor protection. However, during this period, we have also encountered many fraudsters: look at Sam Bankman-Fried, he is not the only one."
- 01:29Falcon Finance releases FF tokenomics: total supply of 10 billions, with 8.3% allocated for community airdrop and Launchpad sales.ChainCatcher news, Falcon Finance has released the FF tokenomics. The total supply is 10 billion tokens, managed by an independent foundation. The distribution is as follows: 35% allocated to the ecosystem, 32.2% to the foundation, 20% to the core team and early contributors, 8.3% for community airdrops and Launchpad sales, and 4.5% allocated to investors.