Russia's largest bank, Sberbank, plans to accept Bitcoin, Ethereum, and Tether's USDT stablecoin as collateral for loans once new digital asset regulations take effect on September 1, 2026. This move signals Russia's financial sector is recognizing crypto as a legitimate asset class. Sberbank has already tested crypto-backed lending and is preparing to launch crypto wallet and digital depository services by December 2026. The bank aims to become the main institutional gateway for digital assets in Russia amid evolving regulations and geopolitical tensions.
Affirm's growth strategy includes expanding offline retail via Affirm Card, new professional services, elective medical verticals, and international expansion, driving merchant growth and transaction frequency. Despite strong free cash flow, a health...
Pi Network's price rose slightly to $0.0917 on August 29, despite a 20% drop in daily trading volume to $5.40 million. The market is focused on the upcoming Protocol 27 Mainnet launch scheduled for September 15, which promises enhanced smart contract...
PayPal's potential $60.50 per share acquisition by Stripe-Advent has fallen through, leaving the company's future growth dependent on its own operational improvements. In Q2, total payment volume rose 10% to $486.45 billion, but transaction margin do...
US Treasury Secretary Scott Bessent is intensifying efforts to reduce long-term borrowing costs by doubling buybacks of longer-dated debt from $2 billion to $4 billion per operation starting September 9. This strategy, known as the "Treasury twist," ...
Jim Cramer sold Broadcom due to concerns over its $80 billion debt raise linked to AI chip financing but defended NVIDIA for using a similar financing strategy. The key difference is NVIDIA's strong financial health, with extremely low leverage and h...
