Pound Sterling edges higher as the BoE's deputy governors lean toward a hike

The Bank of England (BoE) held the UKs Bank Rate at 3.75% on September 17 by six votes to three, and half of the six who voted to hold now say a hike may be needed. BoE Deputy Governor Ramsden said in London on Monday that there could be a case for raising the Bank Rate if upside pressure on the inflation outlook keeps building, after Deputy Governors Breeden and Lombardelli made the same argument on Thursday. GBP/USD closed just above 1.3250 for a second straight gain.  The same count could point the other way  Chief Economist Pill and external members Greene and Mann voted for 4% on September 17. If Ramsden, Breeden and Lombardelli join them in November, the committee would hike by the same six votes to three it used to hold, and BoE Governor Bailey and external members Dhingra and Taylor would be the ones outvoted. All three deputies point to the same risk, that energy prices feed into wage bargaining and price-setting.  The ECB and the Fed have both raised rates since the Iran war began on February 28, and the BoE hasn‘t. It has held at 3.75% at every meeting this year, arguing its policy was already restrictive,

09-29انڈسٹری

Big chinese banks ending retail leveraged Gold and Silver futures trading

At least a dozen large Chinese banks plan to end leveraged precious metals futures contracts.  Specifically, banks are shutting down Shanghai Gold Exchange margin-traded deferred contracts, including Au(T+D) and Ag(T+D).  The move could potentially increase demand for physical metal in China, the worlds largest gold market.  Beijing-based China Everbright Bank is the latest Chinese institution to announce an end to leveraged precious metals trading, targeting an exit sometime after Oct. 19.  Discover more  Coinbase trading platform  investments  Crypto market analysis  Earlier this month, Shanghai Pudong Development Bank made a similar announcement.  These banks join at least 10 other major Chinese lenders that have already exited or announced plans to leave the leveraged futures business, including ICBC, the countrys largest bank, along with Bank of China (BOC) and China Construction Bank.  Shanghai-based Orient Futures analyst Xu Ying called it “an inevitable shift” and predicted every major bank will eventually exit the business.  Sources at two banks told the South China Morning Post that the Shanghai Gold Exchange (SGE) directed the move. The SGE is Chinas primary platform for physical precious metal trading physical gold and silver.  Officials also appear to be phasing out unleveraged spot gold futures contracts for retail customers.  In practice, leveraged trades allow investors to borrow money to speculate on gold

09-29انڈسٹری

India Gold market cautiously optimistic with approach of festive and wedding seasons

The Indian gold market is cautiously optimistic as we approach the festive gold-buying season.  Higher prices continue to weigh on gold jewelry demand even as they support investment purchases. Meanwhile, wedding buying appears “resilient,” according to the World Gold Council.  India ranks as the worlds second-largest gold market.  Gold prices surged in August before pulling back in the early weeks of September.  Gold prices recorded one of their strongest monthly gains in nearly three decades in August. The London Gold Price PM rose 13 percent, ending August at $4,386 per ounce. That was slightly lower than the 14 percent gain recorded in January.  However, the Feds September rate hike and another spike in oil prices created headwinds for gold in the first two weeks of September, causing a sharp price drop.  Discover more  FINANCE  Financial literacy course  Blockchain news subscription  Gold was up 12 percent in rupee terms last month, closing August at ₹158,854 per 10 grams. The price fell 4.6 percent through the first two weeks of September.  According to the World Gold Council, gold continues to trade at around 2 percent below import parity. This indicates local supply is adequate compared to demand.  Discounts widened from an average of $34 per ounce in July to $51 in August. The discount

09-29انڈسٹری

Bitget resumes withdrawals following $387.5 million hack, but major test is still ahead for exchange and BGB

Cryptocurrency exchange Bitget has begun restoring withdrawal services following a $387.5 million hack. While the resumption of operations gives relief to clients, the financial impact of the breach will depend on how many users choose to withdraw their assets now that the service is back online. The exchange currently faces a test of its ability to meet this demand, while its native token, BGB, faces a test of market confidence in the platforms resilience.  The exchange initially estimated losses at $351.6 million but later raised the figure to $387.5 million after accounting for additional transactions involving Zcash and TRON. According to Bitget, an attacker compromised the internal wallet infrastructure system and manipulated the data used to validate transfers. The exchange states that the vulnerability has been resolved and cold wallets remain unaffected, with investigations continuing in collaboration with Mandiant and SlowMist.  Notably, the attacker didnt gain access to private keys. According to Roman Prudnikov, co-founder of Rubin, financial infrastructure for onchain economy, the cold reserves remained untouched because the hackers “manipulated the transaction history within the back-end system and triggered unauthorized withdrawals by exploiting a logic vulnerability”.  Key security alone proves insufficient if the system accepts manipulated data as the basis for a

09-29انڈسٹری

Strategy buys 1,665 Bitcoin amid renewed geopolitical tensions

Bitcoin (BTC) dropped below $84,000 on Monday as Strategy (MSTR) announced a fresh treasury purchase of $143 million last week, boosting its holdings to 847,666 BTC.  Strategy adds 1,665 Bitcoin, repurchases preferred stock  The company purchased 1,665 BTC for roughly $142.7 million, according to a filing with the Securities and Exchange Commission (SEC) on Monday. The latest purchase brings its total Bitcoin holdings to 847,666 BTC, acquired at an aggregate purchase price of $63.95 billion.  Strategy primarily funded the latest Bitcoin acquisition through proceeds from its at-the-market (ATM) offering program. The company sold 1.4 million shares of its MSTR stock, generating approximately $246.2 million in net proceeds. It allocated $142.7 million to its BTC acquisition and used the remaining $103.5 million to support STRC repurchases.  Discover more  Financial literacy course  News  investments  Strategy deployed an additional $48.1 million from its USD Cash balance to fund a total buyback of 1.5 million STRC shares for an aggregate purchase price of roughly $151.7 million. Following the latest transaction, approximately $723.5 million remains available under Strategys authorization for repurchases of its digital credit securities.  The company also reported a USD Reserve of about $5.02 billion and a USD Cash balance of approximately $1 billion.  MSTR is down 1.2% following the announcement, with the

09-29انڈسٹری

US 10-year yield revisits 2007 heights as curve flirts with inversion

US Treasury yields climb on Monday as energy prices remain high, amid US President Donald Trump‘s rejection of a peace agreement with Tehran. Also, investors are pricing in further tightening by the Federal Reserve (Fed) to tackle high inflation above the central bank’s 2% goal, which is another reason for investors demanding a higher premium on US debt.  Energy risks and Fed tightening bets keep pressure on US debt  The US 10-year Treasury note yield rose to its highest level since June 2007 at 5.274%, before trimming some of its gains to 5.247%, up over eight basis points.  In the meantime, contradictory US-Iran news headlines keep financial markets volatile. News that Iran agreed to halt its uranium enrichment program, reported by Al Hadath, was followed by Al Arabiya reporting that the chances of an agreement between the two countries are extremely slim, according to a US source involved in negotiations with Tehran.  Fed speaking is keeping US Treasury yields higher as well. Governor Lisa Cook was hawkish, expecting continued inflationary pressures in the coming months from AI and hostilities in the Middle East.  Consequently, traders still see a 65% chance of a 25-basis-point rate hike by the Federal Reserve at the October meeting. Although it

09-29انڈسٹری

WOO X EU Goes Live for European Traders

September 28, 2026— WOO X, a leading global digital asset exchange, today officially announced the launch of WOO X EU, a dedicated trading platform custom-built to operate in alignment with Europes Markets in Crypto-Assets (MiCA) regulation.  The rollout is supported by WOO X‘s strategic collaboration with Payward Services, the B2B infrastructure platform from Payward, subject to the parties’ respective operating roles and applicable regulatory requirements.  Elevating Asset Safety Under MiCA  The launch of WOO X EU marks a pivotal milestone in WOO Xs global expansion strategy. Built from the ground up around Crypto-Asset Service Provider (CASP) standards, WOO X EU establishes a compliant gateway for European retail and institutional traders seeking high-performance execution within a legally protected framework.  Key highlights of the WOO X EU platform include:  Discover more  Bitcoin investment guide  Finance market insights  investingCustomer-Asset Safeguarding: Customer assets are subject to segregation and safeguarding arrangements designed in accordance with applicable requirements. Details of the applicable arrangements, supported assets and user protections are available in WOO X EUs terms and disclosures.EEA Market Readiness:WOO X EU is designed to support a consistent user experience for eligible users in supported EEA jurisdictions. Service availability varies by jurisdiction, product and applicable requirements.Enterprise Security Infrastructure:Supported by battle-tested B2B infrastructure and custody rails

09-29انڈسٹری

Near Intents Slams Door on $50M in Bitget Hack Laundering Flows

Key TakeawaysNear Intents detected over $50M in laundering attempts tied to Bitgets Sept. 24 hack.SHIELD froze $503,000 during execution, while just $166,000 passed through Near Intents.Bitget CEO Gracy Chen praised Near Intents for waiving its recovery bounty.  Hackers Run Into a $50 Million Roadblock  The hackers behind Bitget‘s nearly $388 million security breach found themselves facing an unexpected roadblock when they attempted to funnel stolen cryptocurrency through Near Intents. Rather than provide an easy escape route, the cross-chain protocol’s security system identified more than $50 million in suspicious flows, stopped transactions and froze over half a million dollars worth of crypto during execution.  The response drew applause from Bitget‘s CEO, who has been calling on decentralized protocols like Thorchain to prevent known stolen assets from moving through their infrastructure. And the outfit responsible for the $50 million intervention isn’t asking for a penny in recovery rewards.  SHIELD Catches Hackers Trying to Move Stolen Funds  On Sept. 28, Ukrainian blockchain engineer and Aurora co-founder Alex Shevchenko took the wraps off Near Intents response to the Sept. 24 Bitget breach, which resulted in approximately $387.5 million being stolen.  Shevchenko explained that much of the cryptocurrency moving through cross-chain services eventually converged on Ethereum as ETH. The attackers also

09-29انڈسٹری

Belarus Set to Launch Its First Two Crypto Banks

Belarus is preparing to register its first two crypto banks as authorities strengthen oversight of the countrys digital asset sector. The move follows more than six months of regulatory work involving the High-Tech Park (HTP) and National Bank.  Officials said the initiative could create stronger links between traditional financial services and cryptocurrency businesses. The development also follows a presidential decree that established rules for crypto bank operations in July.  New Crypto Banks Enter HTP  The HTP Supervisory Board has approved decisions supporting the registration of two crypto-focused companies. Both firms will initially operate as HTP residents before seeking accreditation from the National Bank.  Additionally, officials said the companies have built professional teams and upgraded their technology systems. They have also completed technical and legal reviews before starting operations.  Closer Link Between Finance and Crypto  The new framework covers crypto banks activities, transactions, accounting, and reporting requirements. Hence, regulators expect clearer standards for businesses operating across traditional finance and digital assets.  Moreover, dual oversight from the HTP and National Bank could strengthen compliance and institutional trust. Consequently, officials expect the sector to attract investment and expand financial services.  Significantly, the initiative could reduce barriers between conventional financial companies and crypto businesses. However, regulators will oversee the new institutions as

09-29انڈسٹری

Fully Diluted vs. Circulating Valuation: How Tokenomics Mask Suis DeFi Lead Over NEAR

If market cap measured effort, Suiwould be ahead of NEARand this article wouldnt exist.  It measures something else. Right now the market values NEAR at roughly $1.8 billion more than Sui, while Sui quietly beats it on TVL, daily users and DEX volume. I spent time with the numbers, and the gap says a lot about what investors actually pay for.  NEAR Wins The Market Cap Race By $1.8 Billion  On DefiLlama‘s NEAR token page, NEAR trades at $5.02 with a market cap of $6.548 billion. Sui’s token page shows SUI at $1.15 and a market cap of $4.72 billion. That makes NEAR about 38% larger by market cap.  On price action alone, you would guess NEAR is the busier network. I dont think that guess survives a look at the chain data.  Sui Doubles NEAR On Every Activity Metric  DefiLlamas Sui chain dashboard and NEAR chain dashboard show the same pattern in every category I checked:  Discover more  News  Crypto market analysis  Bitcoin halving forecast  - TVL:Sui holds $542.11 million against NEARs $240.12 million, about 2.3x more.  - Active addresses (24h):Sui has 127,942 against NEARs 63,589, roughly double.  - DEX volume (24h):Sui does $83.56 million against NEARs $36.56 million, close to 2.7x more (see the Sui DEX page and NEAR DEX page).  -

09-29انڈسٹری
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