Currencies

Decentralized Finance (DeFi) tokens surge after Paul Atkins’ speech, with Uniswap (UNI), XDC Network (XDC), and Jito (JTO) posting double-digit gains as top performers in the last 24 hours. Uniswap edges lower by over 4% at press time on Wednesday after a spectacular performance of a 26% surge to close a bullish engulfing candle the day before. With a brief pause at $8.67, a three-month high, UNI reverses from the $8.70 supply ceiling to take a breather.  Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing early signs of strength as BTC is nearing...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets climbed Wednesday as trade discussions between the U.S. and China led to an agreement, representatives from both sides said. The deal is now awaiting a nod from the leaders of the two countries. "We have reached a framework to implement the Geneva consensus and the call between the two presidents," Lutnick told reporters. That echoed comments made to reporters by Li Chenggang, China's international trade representative and a vice minister at China's Commerce Ministry. The talks had continued for a second...

Asian stocks rose on Wednesday as investors welcomed a China-US agreement to lower trade tensions that stoked hopes the economic superpowers will eventually reach a broader tariff deal.After two days of high-profile, closely watched talks in London, the two sides said they had set up a framework to move towards a pact, following negotiations in Geneva last month that saw them slash tit-for-tat levies.The news provided some much-needed relief to markets after US President Donald Trump accused Beijing of violating that deal. The latest round of talks followed a phone...

HONG KONG, June 10, 2025 /PRNewswire/ -- HashKey Exchange, Hong Kong's largest* licensed virtual asset exchange, announced today the expansion of its bank deposit services to cover 32 countries and regions, an increase of 15 from its previous scope. This move significantly broadens users' fiat deposit and withdrawal channels. The platform now supports multi-currency deposits and withdrawals, including offshore Renminbi (CNH), Hong Kong Dollars (HKD), US Dollars (USD), and Euros (EUR), with accepted bank transfers extended to 32 countries/ regions such as Hong Kong China, the United States, the United...

Talks in London came after the US and China accused each other of reneging on a deal reached in May in Geneva, where they tried to start dialing back the trade war. Ahead of the talks, China granted approval to some applications for the export of rare earths. Boeing Co. has also begun shipping commercial jets to China for the first time since early April, indicating a reopening of trade flows.Meanwhile, data Wednesday is expected to show US consumers probably saw slightly faster inflation in May, notably for merchandise, as companies gradually pass...

It has been another uneventful trading session with light newsflow. US equities are slightly higher, US treasury yields have range traded and currency movements have been small, with the NZD tracking just under 0.6050. US and China trade talks entered their second day and were ongoing into the London evening as we go to print.  A Treasury official said the session could stretch into the night as the parties work out technical details, resuming talks at 7am NZ time after a break for dinner. The economic calendar has been light. ...

Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), CreditAccess Grameen Limited, has secured a $100 million multi-currency syndicated social loan facility. The company, which qualifies as an External Commercial Bank (ECB) under the automatic route of the Reserve Bank of India (RBI), will utilise the proceeds from this loan to be directed toward eligible social projects, supporting CA Grameen’s mission of driving equitable and sustainable progress. The loan comprises Japanese Yen (JPY) and United States Dollar (USD) currencies, predominantly raised from banks in South Asia and the Far East. Headquartered in Bengaluru,...

XRP's uptrend shows signs of faltering, suggesting trader exhaustion and potential profit-taking.Ripple enhances investment in the Asia-Pacific region with $5 million in additional funding to support blockchain innovation.A 5% increase in the derivatives market's Open Interest and a spike in trading volume to $5.2 billion suggest growing bullish sentiment.Ripple (XRP) is slowly losing its grip on the uptrend printed on Monday, following last week's sell-off, triggered by the public spat between United States (US) President Donald Trump and Tesla's CEO Elon Musk. Meanwhile, the cross-border money remittance token hovers at...

CANADA - 2025/05/20: In this photo illustration, the Circle Internet Group logo is seen displayed on ... More a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Circle Internet Group (NYSE:CRCL) experienced an impressive IPO last week. The stock was initially priced at $31 per share, opened at $69, and is currently trading at $115 – which is a nearly 270% increase in just a few days. Circle is a stablecoin issuer and created USDC, a dollar-pegged stablecoin intended to operate like fiat...

In recent years, a new form of digital money has been gaining serious attention across the globe — Central Bank Digital Currencies, or CBDCs. These are government-backed digital versions of a country’s official currency. Unlike traditional cryptocurrencies, CBDCs are controlled and issued by central banks, making them a hybrid of traditional money and digital innovation.The rise of CBDCs is not just a technological development. It marks a potential turning point in how money functions in the modern economy, especially in relation to the crypto market. As more countries test or...