India’s proprietary trading firms face overhaul as RBI tightens lending norms

Oravel's IPO could reshape investor confidence in India's tech sector, influencing future capital flows and SoftBank's strategic pivots. The post Oravel updates filing for $703M India IPO backed by SoftBank appeared first on Crypto Briefing.

A sudden squeeze in Tether’s USDT supply in India has pushed the stablecoin’s local premium above 8.5%, more than double its usual level, with the dollar-pegged token trading well above the official exchange rate. A Supply Squeeze in the World’s Top Crypto Market The price of Tether’s USDT in India has surged well above its […]

India’s USDT premium exceeded 8.5% as stablecoin supply tightened after ED action. Reduced USDT inflows widened the gap between local crypto and forex market prices. Parliament’s July 2 crypto talks may shape future stablecoin liquidity and regulation. India’s USDT market has recorded an unusually sharp price premium after regulatory action disrupted domestic stablecoin supply. The […] The post India’s USDT Premium Surges Above 8.5% After Regulatory Crackdown appeared first on Live Bitcoin News.

IBIT's dominance in AUM highlights the growing institutionalization of Bitcoin, potentially influencing market liquidity and investor strategies. The post iShares Bitcoin Trust ETF surpasses Fidelity in assets under management appeared first on Crypto Briefing.

India’s USDT premium has climbed to more than 8.5%, more than twice its usual level, after enforcement action against crypto remittance firms has disrupted the domestic supply of the stablecoin. According to The Economic Times, Tether’s USDT traded at 102.88…

A major USDT supply squeeze has hit India’s USDT market, sending the price premiums of the stablecoin past its usual trading band. As per a report from The Economic Times, USDT was sold at around 102.88 INR on Saturday, whereas the USD/INR foreign exchange ratio stood at 94.65 on Friday.

India's regulatory crackdown on stablecoins highlights the broader challenges of balancing innovation with compliance, impacting market dynamics. The post India’s USDT supply tightens as local stablecoin premium surges past 8.5% amid regulatory crackdown appeared first on Crypto Briefing.

OpenAI's strategic expansion into India under Singh's leadership could accelerate AI adoption, influence regulatory frameworks, and spur market competition. The post OpenAI hires former Uber executive Prabhjeet Singh to lead India operations appeared first on Crypto Briefing.