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Three of Japan’s largest banks said they will jointly issue a stablecoin this financial year, which ends in March. Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMBC) and Mizuho Financial Group will establish a council to explore operational frameworks and prepare for the issuance of stablecoins, according to a statement on MUFG’s website….
Chinese investors are seeking indirect ways to gain exposure to SpaceX’s highly anticipated initial public offering (IPO), after being excluded from direct participation in what could become the world’s largest listing.The surge in interest around Elon Musk’s rocket and satellite internet company has triggered strong fear of missing out (FOMO) among mainland investors. With direct…
Congress on Wednesday urged the Election Commission (EC) to immediately reverse the rejection of its Rajya Sabha candidate Meenakshi Natarajan’s nomination from Madhya Pradesh, calling the poll body’s decision ‘egregious’ and ‘blatantly unlawful’.A delegation of senior Congress leaders, including KC Venugopal, Randeep Surjewala, Jairam Ramesh, Deepa Dasmunshi, Vivek Tankha and Abhishek Singhvi, met Election Commission…
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A widely-tracked 5x-leverage perpetual on Hyperliquid tied to SpaceX’s impending IPO, expected to be the largest in history, has declined for three consecutive weeks. The product, tickered as SPCX, traded near $157 on Wednesday, down about 27% from its mid-May launch price of around $216, after briefly touching $230. That does not mean traders are…
MUMBAI/NEW DELHI: Raising concerns over recurring electrical accidents, fires and electrocutions across the country, former power sector regulator D Radhakrishna has urged the Centre to introduce sweeping electrical safety reforms, arguing that stronger oversight is essential to protect consumers and prevent avoidable tragedies.In a letter dated June 9 to NITI Aayog member Prof Abhay Karandikar,…
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