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- NEWS
Coinbase to convert GYEN balances as yen stablecoin winds down
Coinbase will convert customers' remaining GYEN into USDC from Oct. 26 as issuer GMO Trust closes its 180-day redemption window on Nov. 11, ending a stablecoin dogged by litigation.
- NEWS
Circle shareholder sues Trump over UAE crypto deals and $82m in revenue
A former Circle employee claims a $2bn MGX investment settled in Trump-linked USD1 diverted business from USDC, worth $70m-$82m a year in reserve income.
NEWSRupee edges up one paisa against dollar in interbank trading
The rupee closed at Rs 276.85 to the dollar, a one-paisa gain, while the euro and sterling strengthened against the local currency, according to the State Bank of Pakistan.
NEWSGold falls Rs2,500 per tola in Pakistan as international prices slip
APGJSA data show gold at Rs422,036 per tola on Saturday after a Rs7,000 drop the previous day, with 10-gram gold at Rs361,827 and silver down Rs7 to Rs5,858.
MARKETS169,770 ether left exchanges in a day as US ETF outflows pass $1 billion
Santiment recorded the largest daily ether exchange withdrawal in over four months on Oct. 23, even as spot Ethereum ETFs bled more than $1 billion in October.
MARKETSEarnings flood and Fed meeting to test AI-driven market rally
A heavy week of corporate earnings and a Federal Reserve policy meeting will test a rally widely attributed to artificial intelligence enthusiasm, according to the source.
POLICY & REGULATIONSEBI plans Demat 2.0 with tokenised corporate bonds open to secondary trading
India's markets regulator is developing a framework for secondary-market trading in tokenised corporate bonds and graded compliance for brokers, chairman Tuhin Kanta Pandey said.
POLICY & REGULATIONUS stablecoin yield fight echoes Brazil's decade-old free-soda battle
Washington killed the Clarity Act over whether stablecoins may pay interest. Brazil's banks lost that argument years ago, and its lenders still posted record profits.
NEWSCiti wins approval for wholly owned securities firm in China
The China Securities Regulatory Commission has approved Citigroup Securities (China) Co., Ltd., allowing Citi to offer equities brokerage, securities underwriting, securities research and principal trading onshore.
- MARKETS
US 10-year Treasury yield rises but holds below 5% as AI jitters linger
US Treasury yields climbed while the 10-year stayed under the 5% mark, with unease over artificial intelligence weighing on sentiment, according to the source.
- NEWS
Coinkite faces proposed class action over $140-million bitcoin hack
A proposed class action in Ontario Superior Court alleges Coinkite's negligence and a 2021 coding error let hackers steal more than US$140-million in bitcoin from users.
- NEWS
Brazil fund manager warns fiscal pullback will squeeze company margins
HIX Capital's Rodrigo Heilberg says the end of fiscal stimulus will weaken Brazilian corporate earnings next year, pushing him toward defensive stocks with predictable cash flow.
ANALYSISPakistan's stablecoin moment: what Seoul, Stockholm and Hong Kong signal
South Korea, Sweden, Thailand and Hong Kong are moving on stablecoin rules, while Binance data shows 54% of its Pakistani users are aged 18-29. Pakistan's own framework remains the open question.
MARKETSBitcoin hovers near $80,000 and Ethereum at $2,370 as macro uncertainty weighs
Bitcoin hovered near $80,000 and Ethereum traded at $2,370 as macroeconomic uncertainty and weak institutional flows weighed on crypto markets.
- MARKETS
Oil rally drags stocks and bonds lower before Fed decision
Brent crude near US$117 revived inflation concerns, pushing equities and Treasuries down as investors weighed AI valuations and midterm elections ahead of the Federal Reserve's rate decision.
- NEWS
Dow closes 600 points lower as AI doubts weigh ahead of Federal Reserve meeting
US equities fell sharply as persistent doubts over artificial intelligence valuations weighed on markets, with investors also positioning ahead of the Federal Reserve's policy meeting.
NEWSFranklin Templeton clears SEC hurdle for ETFs that turn dividends into bitcoin
Franklin Templeton has registered two Nasdaq-listed ETFs that reinvest stock dividends into bitcoin, with an effective date of October 27 and a 0.09% fee on the equity fund.
MARKETSKSE-100 falls 1,549 points to close at 162,374
The Pakistan Stock Exchange's benchmark index ended Friday lower at 162,374 points, having traded between 163,966 and 162,292 during the session, on volume of 390 million shares worth about Rs18 billion.
NEWSPakistan, World Bank discuss reforms and investment-led growth
Finance Minister Muhammad Aurangzeb met World Bank and IFC officials on moving from stabilisation to investment-led growth, citing the recent $3bn Eurobond issuance and credit rating ambitions.
MARKETSJPMorgan includes bitcoin in its long-term capital market assumptions
JPMorgan Asset Management's 2027 long-term capital market assumptions project a 10% annual compounded base-case return for bitcoin over ten years, the highest in its public asset table, while keeping it out of portfolio models.
