Zerodha CEO Nithin Kamath expressed concerns over the Indian stock market’s recent crash, highlighting a significant drop in trading volumes and the number of active traders, indicating a shallow market. He noted that this decline could impact the government’s expected revenue from the Securities Transaction Tax, projecting it to fall below ₹40,000 crore for FY 25/26, significantly lower than the ₹80,000 crore estimate. The BSE Sensex and Nifty 50 indices both experienced sharp declines, influenced by negative global cues and trade war fears.
about Zerodha CEO highlights market crash and declining trading volumes in IndiaState Street Corporation
0 in Finance and 0 in Crypto last weekGold Frenzy Sparks Questions About US Reserves and Global Holdings
Gold prices are surging as demand for physical gold increases, with significant interest in the US Federal Reserve’s gold reserves at Fort Knox, last inspected in 1974. Elon Musk and Senator Rand Paul have sparked discussions about transparency regarding these holdings. Meanwhile, the Swiss National Bank retains about 1,000 tons of gold, with some stored abroad, raising questions about the location and accessibility of central bank reserves.
about Gold Frenzy Sparks Questions About US Reserves and Global HoldingsCitibank and State Street Expand into Digital Asset Custody Services
Citibank and State Street are advancing into digital asset custody, reflecting the growing acceptance of blockchain technology in traditional finance. State Street has partnered with Taurus to enhance custody services and explore tokenization of financial instruments, while Citibank is testing Avalanche’s Spruce Subnet for tokenizing private equity funds. Both banks aim to improve efficiency and accessibility for institutional investors amid increasing interest in cryptocurrencies, despite regulatory and technical challenges ahead.
about Citibank and State Street Expand into Digital Asset Custody ServicesHealthcare stocks poised for significant gains in 2025 according to strategists
Healthcare stocks, long underperforming, are expected to rebound significantly in 2025, driven by innovation and demographic trends, according to Wall Street strategists. Despite concerns over RFK Jr.’s nomination to lead the Department of Health and Human Services, analysts believe the sector’s recent sell-off presents a buying opportunity, with anticipated earnings growth outpacing the S&P 500. The aging population and advancements in medical research are set to further boost healthcare spending, making it a compelling investment choice.
about Healthcare stocks poised for significant gains in 2025 according to strategistsUS Banks Anticipate Deregulation Boost Under Trump Administration
US banks are optimistic about a potential wave of deregulation under President Trump, with leaders like J.P. Morgan’s Mary Erdoes noting that it could invigorate corporate transactions and reduce regulatory burdens. However, European banks express concern over a widening regulatory gap, fearing competitive disadvantages. While some executives anticipate smart deregulation, others, like UBS’s Sergio Ermotti, caution against excessive changes, emphasizing the importance of maintaining existing regulations.
about US Banks Anticipate Deregulation Boost Under Trump AdministrationChainlink Price Recovery Driven by Strong Fundamentals and Whale Investments
Chainlink (LINK) has rebounded from a crucial support level of around $19, gaining over 6% in 24 hours to trade at approximately $20.72, driven by robust fundamentals and whale investor confidence. The recent upgrade to its CCIP system allows seamless token transfers across more than 20 blockchains, attracting significant institutional partnerships, including Ripple Labs and major financial institutions like JPMorgan and BNY Mellon. Whale investors have responded positively, adding 1.35 million LINK coins, bringing their total holdings to about 146.7 million LINK, valued at around $3 billion.
about Chainlink Price Recovery Driven by Strong Fundamentals and Whale Investments