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Donald Trump is all set to embrace the ASEAN summit scheduled to be held this October. The development was confirmed by Anwar Ibrahim, the prime minister of Malaysia, stating that Trump will be present at a key ASEAN summit this October. Also Read: Why ASEAN Isn’t Using the US Dollar as Much Anymore Trump’s Visiting Southeast Asia Source: FoxNews Anwar Ibrahim, the prime minister of Malaysia, has shared an exclusive update, confirming Trump’s visit to the ASEAN summit this October. This visit is significant in many ways, as it outlines the bloc’s significant trade importance and connections that the US could harness for better expansion and progress. “I had the opportunity to speak with the President of the United States, Donald Trump. He confirmed that he will be attending the 47th ASEAN Summit in October…Following my explanation. He has decided to review the tariff rates imposed on Malaysia by tomorrow at the latest.” , as Anwar Ibrahim declared. While speaking abou...

Bitcoin (BTC) slipped 1.14% in the past 24 hours to $117,529 as the Trump administration previewed its long‑awaited White House report on digital assets, a document that could reshape the U.S. regulatory landscape for crypto. Bitcoin 1-day price chart. Source: Finbold The report, produced by the President’s Working Group on Digital Asset Markets, set out to outline sweeping recommendations for integrating crypto into the U.S. financial system. These include directing the SEC and CFTC to “immediately enable the trading of digital assets at the federal level,” creating regulatory sandboxes and safe harbors for innovative financial products, and fast‑tracking the implementation of the recently signed Clarity Act and GENIUS Act, which respectively establish frameworks for crypto markets and stablecoins. Notably, the report embraces decentralized finance (DeFi) as a key growth area and frames stablecoins as tools for strengthening the role of the U.S. dollar, marking a cle...

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United Arab Emirates (UAE)-based RAKBANK (National Bank of Rak Al Khaimah) will now offer Bitcoin (BTC) and other cryptocurrencies to its customers. The bank has partnered with Vienna-based crypto exchange Bitpanda to roll out its latest crypto services. According to a CoinDesk BTC report, customers can access Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple’s XRP via RAKBANK’s mobile application. Will Bitcoin Rally After UAE’s RAKBANK Move? Source: Investmentmonitor.ai / ShutterStock RAKBANK is one of the oldest lenders in the UAE. The decision marks the first instance of a conventional bank in the UAE offering Bitcoin and other cryptocurrencies to clients. The move is another milestone for the UAE’s ambitions of becoming a global crypto hub. The country has made substantial progress in accepting cryptocurrencies as a legitimate investment. The UAE is one of the few leading the global crypto narrative. Bitcoin (BTC) has seen incredible adoption over the l...

Currency investors who bet against the US dollar could face consequences, said Kunal Shah, Goldman Sachs Co-Chief Executive Officer (GSI). Shah highlighted that betting against the greenback is a bad idea, citing the broader markets’ phenomenal recovery since April. He indicated that a pullback is around the corner that could make long positions against the USD lose big. His statements came when the DXY index fell to a three-year low, as TradingView reveals, with its price being stagnated around the 96 to 98 level. The currency is struggling to remain afloat above the 100 level as it is down nearly 9.5% year-to-date in the charts. The Goldman Sachs analyst said that while US exceptionalism is under question, the dollar’s prospects remain solid. Also Read: Next US Dollar Low: Key Week With Fed Decision and Tariff Risk Goldman Sachs Analyst Says the US Dollar is Down, But Don’t Bet Against It Source: kahawatungu.com Shah explained that the US markets recovered after the ...

Tether’s USDT minting has surged dramatically this July, and the stablecoin issuer just created another $1 billion USDT tokens, which actually pushes the month’s total to $8 billion. This aggressive expansion represents one of the largest monthly increases in stablecoin market cap right now, and it’s raising fresh tether printing concerns among market observers who are tracking the USDT supply surge along with related crypto whale activity. Tether transaction transfers showing recent minting activity – Source: Arkham Tether Prints $1B USDT in July Minting Surge Source: Changelly The latest Tether USDT minting operation adds to what has become an extraordinary month for token creation, actually. Since July 1st, Tether has been consistently expanding its supply through multiple large-scale operations, and each billion-dollar mint has been contributing to concerns about the rapid pace of stablecoin market cap growth. Tether(@Tether_to) just minted another 1B $USDT! ...

The intra-BRICS trade is now being dominated by the local currencies as 50% of trade were settled in the Chinese yuan and not the USD, according to the independent think tank for central banking OMFIF. Apart from the Chinese yuan, the alliance used multiple national currencies to bypass the US dollar for cross-border settlements. This makes the greenback less used in the global markets as the bloc advances the de-dollarization agenda. China is pushing the Chinese yuan among BRICS members and not the USD for payment settlements. Around 80% of all trade deals with Russia are done in national currencies like the yuan and ruble. Even Russia and India paid the rupee and ruble for crude oil deals before Trump took office in mid-January. India saved over $7 billion in foreign exchange fees by sidelining the US dollar for oil trade with Russia. Also Read: India Confirms BRICS De-Dollarization Efforts Despite Trump’s Pressure BRICS Using Chinese Yuan & Other Local Currencies, USD Being Aban...

Cryptocurrency exchange Bybit has announced a strategic partnership with Tether, the issuer of USDT stablecoin, to accelerate cryptocurrency adoption across Brazil, as per the information shared with Finbold on July 25.  The partnership Features co-sponsorship of Blockchain Rio, a major Latin American blockchain conference, where new Bybit users will receive exclusive USDT bonuses.  Bybit and Tether are also in discussions with Visit Rio to integrate cryptocurrency into the city’s tourism sector, offering discounts and USDT bonuses to tourists who use digital assets for services and purchases from local businesses. As part of its strategy, Bybit will launch a national educational program to increase crypto literacy through “Learn to Earn” campaigns that reward users for completing blockchain courses, complemented by workshops, university meetups, and seminars targeting students, developers, and entrepreneurs. New leadership Earlier this y...

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