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On a weekly basis, however, BTC is down by 4.7% and by more than 50% compared to a year back. Celsius Network’s bankruptcy plea dampened the spirits at the start of the week though there have been some positive developments along the way. The story of the week could well be that South Africa is all set to regulate crypto as a financial asset.

The Securities and Exchange Board of India (Sebi) has approved Ashish Chauhan to be the next CEO of the National Stock Exchange (NSE), reports ET Now. Ashish Kumar Chauhan is the current MD & CEO of the Bombay Stock Exchange (BSE). The governing body of the NSE has formed an internal executive committee to run the affairs of the company till the new MD & CEO take charge.

Bitcoin climbed almost 8% in the final three days of the work week, while Ether surged 20%. Neither of the two dominant tokens has set a new low point in this bear market for almost a month. Bitcoin has been hugging the closely watched $20,000 round number, while Ether is hovering near $1,000.

The eight products from AXS Investments look like the start of a coming invasion of amped-up strategies that will seek to enhance or invert the performance of volatile companies, including Tesla Inc., Nvidia Corp. and PayPal Holdings Inc. Another proposed lineup from Toroso Investments offers to layer on a bullish options strategy in order to boost returns

However the main battleground has shifted to how long the overnight benchmark might remain at its peak level and how much, if at all, it will decline next year -- questions that depend on how the economy copes with a policy rate that’s expected to reach 3.5%, from its current range of 1.50%-1.75%. This week’s decline in 10-year yields to levels more than 20 basis points lower than two-year yields signal pessimism on that front.

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"I am not even saying show me the cash flow. I am saying show me some profit. I am not even saying make profit at a consolidated level. I am saying be profitable at the product level and these guys do not have it. Most of them do not have credible business models and basically most of them are ponzi schemes."

The dollar has steamrolled through global currency markets lately, benefiting from bets on aggressive Federal Reserve rate hikes. A stronger greenback bodes ill for Asian stocks when it signals lower risk appetite and is also seen as negative for growth in emerging economies, many of which rely on imports priced in the currency.

Despite the multiple unanticipated challenges that have put enormous strain on trade flows and the international financial system, HDFC Bank chairman said he was confident that the government and the RBI will manage to control inflation.

India’s largest private sector lender reported a net profit of Rs7,730 crore in the corresponding period last year. Analysts polled by Bloomberg had estimated net profit of Rs8,197 crore for April-June.“Despite the bond losses, we have produced a 19% rise in net profit. . . it’s a reasonably healthy performance,” said Sashidhar Jagdishan, managing director of HDFC Bank at the lender’s AGM. “We will be able to recoup those losses as yields stabilise. ”