Investment Banking on Track for Worst Streak in Over a Decade

Overview & ContextInvestment banking—the engine of Wall Street advisory revenue—is enduring its bleakest streak since at least 2014. For the 14th consecutive quarter, it is contributing less than 25 percent of total revenues at the five largest U.S. banks: JPMorgan, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley. During the same period, trading revenue has…

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CoinDCX Closes Ranks Amid WazirX Accusations

Crypto in India is entering its next phase of maturity—and the recent exchange of allegations between CoinDCX and WazirX brings regulatory transparency into sharp focus. 🚨 Allegations Raised WazirX filed affidavits in Singapore, asserting that CoinDCX transferred customer assets to a Lithuania-based entity that did not secure FIU approval until February 2025—raising concerns over possible…

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rypto Firms Advance into U.S. Banking: A Strategic Pivot

The U.S. crypto landscape is evolving rapidly—leading companies are now pursuing national trust bank charters, signaling a strategic shift toward traditional financial integration. Why it matters:The move toward federal charters marks a departure from the libertarian ethos that once defined crypto. Firms like Circle, Ripple, BitGo—and even Anchorage Digital, which already holds a federal charter—are…

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Crypto Traders Eye $130K Bitcoin as Market Structure Shifts Under Institutional Weight

Bitcoin’s meteoric rise to $120,000 this week has ignited a broader crypto market rally, but traders argue this surge is fundamentally different from past frenzied bull runs. According to Seamus Rocca, CEO of Xapo Bank, the current momentum reflects a “measured ascent” driven by institutional players positioning Bitcoin as a macro hedge against geopolitical volatility…

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Africa’s Top Garment Exporter Could Fold Under US Tariffs, Minister Warns

The tiny mountain kingdom of Lesotho—Africa’s leading garment exporter to the U.S.—is on the brink of economic collapse after the Trump administration imposed staggering 50% tariffs on its textile exports. Trade Minister Mokhethi Shelile called the move a “national disaster,” with factories already shuttering and 40,000 jobs at risk in a country where textiles account…

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Traders Cash In Big as U.S. Copper Tariff Sparks Frenzy

In a dramatic twist following President Trump’s announcement of a 50% tariff on copper imports starting August 1, major commodity traders—Trafigura, Mercuria, Glencore, and IXM—are positioned to reap an estimated $300 million windfall. Within minutes of the tariff announcement, U.S. copper prices on the COMEX surged 13%, creating a staggering 28% premium over London Metal Exchange…

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Open Interest in XRP Options Nears $100M as High Volatility Lures Yield‑Hungry Traders

Open interest in XRP options on Deribit has surged dramatically—up 38% in just two weeks—from $71 million to nearly $98 million, approaching the all‑time high of $102.3 million from late June . In contract terms, that’s a 26% jump, with over 42,000 contracts now outstanding (each representing 1,000 XRP). Why It Matters: Market Sentiment &…

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