Market Trends & Analysis - The market experienced a 36% increase since the April lows prior to the sell-off [1] - The recent drop is the largest in six months, considered a healthy reset [1] - A surge in the VIX (Volatility Index) often indicates a near-term bottom, barring structural changes [1] Key Drivers - AI innovation wave remains a strong long-term driver [1] - Wall Street's increasing focus on blockchain technology is a key factor [1] - The Federal Reserve's shift towards an easier monetary policy cycle is supportive [1]

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The New York-based bank intends to take part in the consortium as part of its broader efforts on blockchain and digital assets, a spokesperson confirmed on Friday https://t.co/Qeekjp5CV9 ...

A group of international banks including Goldman Sachs, Deutsche Bank, Bank of America and Banco Santander, have joined forces to explore the issuance of “digital money” on public blockchains https://t.co/sZwfextkeU ...

(Reuters) -A group of banks including Bank of America , Citi, Deutsche Bank, Goldman Sachs and UBS will work together to explore creating blockchain-based assets pegged to G7 currencies, the banks said on Friday. The project, which is in its early stages, will explore creating assets on public blockchains which are pegged 1:1 to real-world currencies - known as stablecoins. Various banks and other financial institutions have announced plans to look at launching stablecoins, as soaring crypto prices and U ...

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Core Insights - India's regulatory environment for digital currencies is characterized by a preference for Central Bank Digital Currencies (CBDCs) over decentralized cryptocurrencies, despite having the highest grassroots cryptocurrency adoption rate globally [1][2][5] Regulatory Environment - The Indian government is cautious about cryptocurrencies due to concerns over financial stability, illicit activities, and monetary sovereignty, leading to high taxation on crypto transactions [2][7] - Cryptocurrencies are not illegal in India but operate under a heavily taxed framework, with a flat 30% tax on gains from Virtual Digital Assets (VDAs) and additional taxes on transfers and platform fees [6][7] Adoption and Usage - India ranks first in the Chainalysis Global Crypto Adoption Index, driven by a young, tech-savvy population engaging in crypto for trading, savings, and remittances, despite regulatory challenges [4][5] - The Asia-Pacific region, led by India, experienced a 69% year-over-year increase in crypto transaction volume, reaching $2.36 trillion in the year ending June 2025 [4] Central Bank Digital Currency (CBDC) - The digital rupee (e₹) has seen significant growth, with circulation reaching ₹10.16 billion ($122 million) by March 2025, marking a 334% increase from the previous year [10] - The Reserve Bank of India (RBI) advocates for CBDCs as a safer alternative to cryptocurrencies, emphasizing their programmability for welfare transfers and compliance with anti-money laundering laws [12][13] Government Stance - Indian officials have expressed a commitment to developing a fully RBI-guaranteed digital currency, criticizing "unbacked cryptocurrencies" and promoting financial inclusion and faster settlements [11] - Recent discussions have indicated a potential ban on private cryptocurrencies, with officials asserting that CBDCs can fulfill the functions of cryptocurrencies with greater control and reduced risks [9] Global Context - While India maintains a cautious stance on cryptocurrencies, other regions like the U.S. and EU are advancing pro-crypto regulations, highlighting a contrast in regulatory approaches [12] - In neighboring countries like Pakistan, there is a more positive outlook towards crypto and blockchain, although meaningful actions to support the industry are still lacking [15]

Technology & Platform - Sui Network is highlighted as a suitable blockchain for gaming development [1] Key Personnel - Mysten Labs Co-Founder and CTO Sam Blackshear (@b1ackd0g) promotes Sui Network [1] Sponsorship - Stablecoin sponsors CoinDesk media network [1]

Blockchain Technology & Decentralization - Blockchain 提供全球范围内的理想货币政策、支付、智能合约和实体形成途径 [1] - 该系统由不可腐败且透明的计算机法官执行，并基于纯粹自愿原则加入 [1] Free Market Capitalism - 自由市场资本主义促进人才发展 [2] - 自由市场资本主义使寻找和鼓励人才变得有利可图 [2]

RT Nick Szabo (@NickSzabo4)It doesn't require day-to-day low-price payments to be a good store of value. That would just be a cherry on top as far as the SoV function goes. Besides its own properties in being more trust-minimized (far superior in this regard to any other major blockchain), more global, and with dilution approaching zero, being able to exchange it for other assets after a long HODL is sufficient to be a good SoV. ...