Business
Tom Lee’s Bitmine Slows Ethereum Purchases for $86M Stock Buyback
Bitmine Immersion Technologies repurchased 5.5 million shares for $86 million last week, drastically slowing its Ethereum acquisitions to defend its stock price.
Business
Libya Central Bank Adopts China’s CIPS to Cut US Dollar Dependence
The Central Bank of Libya will begin investing its sovereign reserves into Chinese bonds and routing commercial letters of credit through CIPS, effectively bypassing U.S. dollar intermediary banks.
Business
Capital B Approves 10-for-1 Reverse Stock Split to Woo Institutional Funds
Capital B is executing a 10-for-1 reverse stock split to escape sub-euro penny stock territory. The Paris-listed firm holds 3,139 BTC and aims to attract larger institutional funds.
Business
John Abraham Expands Mumbai Real Estate Portfolio With Rs 84 Crore Bandra Bungalow
Bollywood actor John Abraham has finalized the purchase of an Rs 84 crore luxury bungalow on St Martin Road in Bandra West, adding to his extensive Mumbai portfolio.
Business
Crypto Markets Face Regulatory Squeeze as OCC Rules and ECB Rate Decision Loom
The digital asset sector faces a gauntlet of Washington deadlines this week, culminating in the closure of the OCC's GENIUS Act comment window on July 24.
Business
South Korea Accelerates Wholesale CBDC Pilot to Counter Big Tech Stablecoins
South Korea is expanding its wholesale CBDC pilot to nine banks this September. The central bank will test programmable deposit tokens to distribute government subsidies, directly countering the rise of private stablecoins.