A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels, as fiat on- and off-ramp frictions accounted for most costs and transfer delays.Researchers tested 200 USDC (USDC) remittances…

The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax of ₦535 billion in June 2026, while its crude oil and condensate production rose to 1.72 million barrels per day, the company’s latest monthly report stated. The…

Bitcoin (BTC) fell to its lowest levels in over two weeks on Friday as US stocks saw pressure into the monthly close.Key points:Bitcoin approaches $62,000 as daily losses hit 3.5%.US stocks saw no positive reactions to relief in Asia, where…

Key points: Bond yields have been going up since the beginning of the Iran war, widely attributed to inflation expectations due to energy pricesHowever, the five-year inflation expectation priced into Treasury Inflation-Protected Securities is 2.2% and trending down since MayThe driver…

Japan’s central bank held interest rates steady at 1.0% on Friday after a reported major intervention in the yen.Key points:Japan holds interest rates at 1.0%, following market expectations.Both Japan and South Korea’s central banks reportedly engage in currency interventions, as…

The federal government has said it has no immediate plans to increase electricity tariffs, stressing that its priority is improving power supply, expanding metering and ensuring Nigerians pay only for the electricity they consume. The Minister of Power, Joseph Tegbe,…

Crypto forensics and compliance company AMLBot has launched its AI Tracer, described as a self-service blockchain analysis tool that maps visible fund movements from a transaction hash across blockchain networks.AMLBot said the tool aims to address the current need for…

Ken Griffin’s Citadel reportedly bought a large proportion of the public stock portfolio of Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner.The Financial Times first reported Thursday that Citadel bought the portfolio holdings after heavy losses…

New York has sued prediction market platform Kalshi, alleging it operates an illegal, unlicensed gambling business by offering event contracts on sports, elections and other outcomes.The lawsuit seeks to stop Kalshi’s alleged illegal gambling operation in the state, require the…

Perpetual futures tied to tokenized stocks and commodities generated nearly as much trading volume as Bitcoin perpetuals on two of the largest venues for the products over the past week, according to Talos.Combined seven-day volume across tracked real-world asset (RWA)…

First HoldCo has shifted to a liberal dividend policy that seeks to distribute at least 60 per cent of its annual post-tax profit as dividends. The board of directors of the bank holding company adopted the policy at a meeting…

An Aave governance proposal would wind down the lending protocol’s V3 markets on six blockchains and retire dozens of low-use token listings, a cleanup covering $98.1 million in supplied assets and $15.6 million in debt.Risk service provider LlamaRisk, working with…

[Update 08:55 UTC, July 30: Updates with additional reporting and context.]Online brokerage Robinhood posted record second-quarter revenue and earnings, though cryptocurrency transaction revenue fell 38% from a year earlier.The company said Wednesday in its earnings report that crypto transaction revenue…

Crypto’s next altcoin season may produce fewer winners as institutional investors concentrate their activity in a narrower group of digital assets, according to crypto market maker Wintermute.In its over-the-counter (OTC) flow report for the first half of 2026, Wintermute said…

S&P Global announced Tuesday that it has agreed to acquire a majority stake in Agusto & Co., a leading Pan-African rating agency with operations in Nigeria, Kenya, Rwanda and Ghana. The investment, a strategic step for both companies, will complement…