India’s competition regulator has cleared Coinbase’s acquisition of a minority stake in local crypto exchange CoinDCX, valuing the Indian platform at $2.45 billion. The approval marks a significant regulatory milestone for Coinbase’s strategic re-entry into one of the world’s largest digital asset markets, with CEO Sumit Gupta calling it a ‘big win for the Indian crypto ecosystem’ that will build trust and unlock global capital.
about Coinbase Gains India Approval for CoinDCX Stake, Valuing Exchange at $2.45BRupee
0 posts last weekIndia Rupee Hits Record Low, RBI Intervention Eyed
The Indian rupee has plunged to a historic low against the US dollar, raising urgent questions about the Reserve Bank of India’s next move. Traders were caught off-guard as the currency tumbled 0.9% to an unprecedented 89.4812 per dollar, breaching previous defense levels and approaching the psychologically critical 90 barrier. All eyes are now fixed on the central bank’s willingness to intervene amid mounting pressure from what analysts describe as the harshest US tariffs in Asia.
about India Rupee Hits Record Low, RBI Intervention EyedMaharashtra Seamless Shares Rise on Rs 256 Crore Order
Shares of Maharashtra Seamless Ltd (MSL) climbed 2% on September 25, buoyed by the announcement of a significant Rs 256 crore order to supply seamless pipes to the oil and gas sector. This positive market response comes despite the company facing concurrent antitrust investigations, highlighting investor focus on near-term revenue visibility. The order, confirmed via a regulatory filing, is scheduled for dispatch over the next two quarters, providing a clear near-term boost to the flagship firm of the DP Jindal Group.
about Maharashtra Seamless Shares Rise on Rs 256 Crore OrderIndia’s Economy to Grow 6.5% in FY25-26: S&P
India’s economy is projected to expand by 6.5% in FY25-26, maintaining its position as one of the fastest-growing in the Asia-Pacific region despite mounting global trade pressures. According to S&P Global Ratings, strong domestic demand, favourable monsoon conditions, tax cuts, and increased government investment are effectively counterbalancing challenges posed by higher US import tariffs and intensified competition from Chinese exporters. With inflation easing sharply to 3.2%, the Reserve Bank of India now has room to consider rate cuts, further supporting growth momentum.
about India's Economy to Grow 6.5% in FY25-26: S&PZaggle Soars 5% on Mastercard Prepaid Card Partnership
Shares of Zaggle Prepaid Ocean Services Ltd surged 5% to a day’s high of ₹373.60 on September 23rd, propelled by two significant back-to-back partnership announcements. The company revealed a five-year agreement with Mastercard Asia Pacific to launch co-branded domestic prepaid cards, a deal complemented by a separate collaboration with AU Small Finance Bank for new retail credit and prepaid card offerings. These strategic moves are designed to significantly expand Zaggle’s footprint in India’s rapidly growing digital payments ecosystem by leveraging the global network of a payments giant and the domestic underwriting strength of a leading finance bank.
about Zaggle Soars 5% on Mastercard Prepaid Card PartnershipIndian Markets Rally on US Rate Cut Hopes, Trade Talks
Indian equity indices surged over 1.4% in three sessions, fueled by optimism around US rate cuts and potential breakthroughs in trade negotiations. Foreign investors poured billions into Indian stocks, signaling renewed confidence in the market’s prospects.
about Indian Markets Rally on US Rate Cut Hopes, Trade TalksRupee Bond Sales May Slow Amid Portal Upgrade
Companies issuing rupee-denominated bonds in India may experience a brief slowdown in sales as the government upgrades its regulatory filing portal. The online system, essential for submitting compliance documents, will undergo maintenance, potentially delaying new bond issuances. Market participants are advised to plan accordingly to mitigate any disruptions during this period.
about Rupee Bond Sales May Slow Amid Portal UpgradeXRP Could Hit $357 by 2030, Capturing 14% of SWIFT’s Market
XRP’s potential to capture 14% of SWIFT’s cross-border payment market by 2030 could propel its price to $357, according to Ripple CEO Brad Garlinghouse. Analysts suggest a near-term target of $5 if XRP breaks the $2.6 resistance level. Ripple’s blockchain technology offers banks up to 60% cost savings compared to SWIFT, with XRPL gaining traction through initiatives like USDC integration. Pro-XRP analysts estimate that 14% of SWIFT’s $150 trillion annual volume could translate to $21 trillion flowing through XRPL, significantly boosting XRP’s value. The asset is currently testing key resistance at $2.19, with bullish momentum building.
about XRP Could Hit $357 by 2030, Capturing 14% of SWIFT's MarketXRP Tops Bullish Poll as Ripple Invests $5M in APAC Growth
XRP has dominated CoinMarketCap’s bullish poll with 1.1 million votes, reflecting strong investor confidence as 91.3% of participants see its potential. Technical analysts highlight bullish signals, including a W-shaped double bottom pattern and rising open interest above $4 billion, suggesting a possible breakout toward $2.60 or even $5. Ripple’s $5 million investment in APAC blockchain development, targeting education and innovation, adds to the positive momentum. Additionally, speculation around a potential XRP ETF and partnerships like Guggenheim’s Treasury-backed asset on XRPL further bolster XRP’s prospects. The token’s current price sits at $2.1, with analysts predicting significant upside if key resistance levels are breached.
about XRP Tops Bullish Poll as Ripple Invests $5M in APAC GrowthUS Lawmaker Pushes for Crypto Bank Licenses to Disrupt TradFi
Greg Kidd, a US politician and co-founder of Haka Yaka Ventures, is pushing for legislation to enable crypto companies to secure bank licenses, challenging the traditional banking monopoly. He proposes leveraging blockchain technology, particularly the XRP Ledger, to create on-chain banking solutions that reduce costs and settlement times. Kidd highlights the efficiency of XRPL, with near-zero payment costs and 3–5 second transaction finality, while also noting Ripple’s existing global banking partnerships. If successful, this shift could democratize banking access for digital wallets, remittance platforms, and retailers. Meanwhile, XRP’s price potential is being eyed by analysts, with long-term predictions suggesting a possible surge to $73.
about US Lawmaker Pushes for Crypto Bank Licenses to Disrupt TradFiRipple & SEC Seek to Lift XRP Injunction: 70% Approval Chance
Ripple and the SEC have filed a joint motion to lift the injunction on XRP sales, with attorney John Deaton predicting a 70% approval likelihood by Judge Torres. The SEC’s 2020 lawsuit accused Ripple of selling unregistered securities, but a proposed settlement includes a $50 million SEC payment and $75 million returned to Ripple. Deaton criticized the SEC’s aggressive enforcement, citing cases like Debt Box, where the agency admitted to misleading claims. He also highlighted Ripple’s competitive disadvantage due to the legal uncertainty, as XRP trades at $2.16, up 1.64% in 24 hours.
about Ripple & SEC Seek to Lift XRP Injunction: 70% Approval ChanceEx-Crypto Exec Named SEC Trading and Markets Director
The U.S. Securities and Exchange Commission (SEC) has named Jamie Selway, a veteran financial services executive with crypto experience, as its new Director of Trading and Markets, effective June 17. The appointment reflects Chairman Paul Atkins’ push for a more innovation-friendly regulatory stance, contrasting with the aggressive enforcement actions of former Chair Gary Gensler. Atkins has emphasized the need to modernize SEC rules to accommodate blockchain technology and on-chain assets, aiming to position the U.S. as a global crypto hub while maintaining investor protections. This shift has already led to the closure of several high-profile cases against crypto firms initiated under Gensler’s tenure.
about Ex-Crypto Exec Named SEC Trading and Markets Director