Reports claiming Coinbase is planning the acquisition of India-based crypto exchange CoinDCX have been denied by the company&#8217;s leadership. In a July 29 X post, CoinDCX CEO Sumit Gupta shut down the rumors directly, saying the platform is not for…

India’s CoinDCX shuts down Coinbase acquisition talks

XRP takes center stage as Wellgistics Health files with the SEC to adopt it as 
both a treasury reserve and payments engine across its healthcare and tech 
operations. Wellgistics Health Unveils XRP Strategy in SEC Filing With Dual 
Focus on Reserve and Payments Wellgistics Health Inc. (Nasdaq: WGRX) filed a 
registration statement with the U.S. […]

XRP Positioned for Strategic Reserve and Payments in Wellgistics Health SEC Filing

Traders cut risk ahead of Wednesday’s Federal Reserve decision on interest 
rates, and a long-awaited crypto policy report from the White House.

Bitcoin momentum loss is pre-FOMC derisking, not a trend change

Strategy bought over 21,000 Bitcoin after raising $2.5 billion from a 
preferred stock offering, the largest initial public offering in the US this 
year.

Strategy buys 21K Bitcoin with 2025’s biggest public offering

Rakbank, officially known as the National Bank of Ras Al Khaimah, has set a 
notable precedent in the UAE by becoming the first conventional bank in the 
country to offer crypto trading services to retail customers. This move 
highlights a significant shift in the banking sector within the region, 
reflecting the increasing integration of cryptocurrencies into traditional 
finance. Rakbank&#8217;s customers can now directly engage in crypto transactions 
via the bank’s mobile banking app, accessing services such as buying, selling, 
and swapping cryptocurrencies directly from their UAE dirham accounts. Related 
Reading: Crypto Hype Cools—Analyst Predicts When The Next Altcoin Surge Will 
Start Efficient Access to Crypto Assets In a carefully structured partnership, 
Rakbank collaborated with Bitpanda, a renowned global digital asset platform 
regulated by Dubai’s Virtual Assets Regulatory Authority (VARA). Through 
Bitpanda’s regional entity, Bitpanda Broker MENA DMCC, Rakbank has integrated 
crypto trading capabilities into its existing digital banking framework. The 
cooperation ensures transactions are efficiently executed in AED, removing 
common obstacles such as foreign exchange fees and complicated transfer 
procedures. With Rakbank&#8217;s newly launched crypto brokerage service, customers 
avoid many hurdles traditionally associated with crypto exchanges. Users 
transact directly through their Rakbank savings or current accounts, bypassing 
lengthy onboarding and fund transfer processes typical of standalone crypto 
trading platforms. This arrangement significantly streamlines the crypto 
experience, making it accessible to a broader range of customers by reducing 
complexity and enhancing convenience. Raheel Ahmed, Rakbank’s Group CEO, 
highlighted the strategic importance of this launch, stating that it aligns 
closely with the bank’s mission of digital innovation complemented by a human 
touch. Ahmed also emphasized that the integration with Bitpanda allows Rakbank 
to provide customers a regulated, simplified, and secure path into digital 
asset trading. Ahmed added: We recognize the opportunity this solution will 
provide to customers in the UAE, as we believe they deserve a more efficient 
and seamless crypto buying, selling and swapping journey that is fully 
regulated and entirely in AED. A Regulatory Milestone for UAE Banking The 
collaboration between Rakbank and Bitpanda signifies a pivotal moment for 
regulatory advancement in digital asset adoption within the UAE’s banking 
industry. Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, noted the 
significance of this partnership, describing it as a critical step toward 
establishing crypto services in a regulated, straightforward, and trustworthy 
manner. Related Reading: Crypto Market’s Fate Hangs On The Last Days Of July 
He expressed that integrating digital asset capabilities into established 
banks is representative of the future landscape of finance, marked by 
compliance and customer-centric simplicity. Initially, access to Rakbank’s 
crypto services is being offered on an invitation-only basis, with plans for a 
gradual rollout to a broader customer base in the forthcoming months. Featured 
image created with DALL-E, Chart from TradingView

Rakbank Introduces AED-Based Crypto Trading for UAE Clients

Stablecoins are redefining global payments with unmatched speed and 
efficiency, as Ripple’s RLUSD gains traction amid soaring demand across 
volatile markets and underserved financial corridors. Ripple Names Stablecoins 
as Core to Fast, Low-Cost Payments in Volatile Markets Ripple published a 
report on July 25, examining the role of stablecoins and highlighting leading 
payment providers shaping […]