Business Sandesh

U.S. Banks Get Green Light to Issue Stablecoins as FDIC Implements GENIUS Act

The Federal Deposit Insurance Corporation (FDIC) has taken a significant step toward implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act by approving a notice of proposed rulemaking on December 16, 2025. The proposal outlines an application process for FDIC-supervised banks to seek approval to issue payment stablecoins through dedicated subsidiaries. Signed into law by President Donald …

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Robinhood Rolls Out Sports Betting Feature Before NFL Playoffs

Robinhood Markets Inc. has expanded its prediction markets platform with new sports-focused features, including player proposition bets and preset combination contracts for NFL games, just in time for the upcoming playoffs starting in January 2026. Announced on December 16, 2025, the updates allow users to trade event contracts on individual player performances—such as touchdowns, passing yards, or rushing stats—as well …

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SBF’s Ex Caroline Ellison Moved to Early Community Confinement

Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried (SBF), has been quietly transferred to community confinement after serving approximately 11 months of her two-year prison sentence. The move, which occurred on October 16, 2025, places her in a less restrictive setting—likely a halfway house or home confinement—while she remains under federal supervision. Ellison, …

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रोज़ एक्सरसाइज़ करते हो?

टीचर: होमवर्क क्यों नहीं किया? छात्र: सर, लाइट नहीं थी। टीचर: दिन में? छात्र: जी, दिमाग की! 😜 **************************************** पत्नी: सुनते हो? पति: हाँ। पत्नी: क्या सुनते हो? पति: वही जो आप सुनाना चाहती हो! 😂 **************************************** डॉक्टर: रोज़ एक्सरसाइज़ करते हो? मरीज: जी हाँ, व्हाट्सऐप खोलते ही उंगलियाँ दौड़ने लगती हैं। **************************************** दोस्त: पढ़ाई कैसी चल रही है? मैं: …

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मजेदार जोक्स: डाइट फॉलो कर रहे हो?

डॉक्टर: नींद पूरी लेते हो? मरीज: हाँ, अलार्म पूरी नहीं लेने देता।😊😊😊😊 **************************************** माँ: पढ़ाई कर ली? बेटा: हाँ, किताब देख ली।😊😊😊😊 **************************************** बॉस: प्रेज़ेंटेशन कहाँ है? कर्मचारी: सर, दिमाग में है—USB भूल आया! 😜 **************************************** दोस्त: डाइट फॉलो कर रहे हो? मैं: हाँ, सोच-समझकर ज़्यादा खा रहा हूँ।😊😊😊😊 **************************************** पापा: मोबाइल से दूर रहो। बेटा: ठीक है… चार्जिंग पर …

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मजेदार जोक्स: सर, नंबर भी सोशल डिस्टेंसिंग फॉलो कर रहे हैं

पत्नी: क्या मैं सही हूँ? पति: हमेशा… जब तक आप पूछती नहीं! 😂 **************************************** टीचर: इतने कम नंबर? छात्र: सर, नंबर भी सोशल डिस्टेंसिंग फॉलो कर रहे हैं। **************************************** दोस्त: कल क्या किया? मैं: अलार्म से लड़ाई… अलार्म जीत गया। **************************************** बॉस: टीमवर्क चाहिए। कर्मचारी: सर, टीम तो है—वर्क गायब है! 😆 **************************************** माँ: सब्ज़ी खाओ। बेटा: मम्मी, मैं वेजिटेरियन …

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One of the Largest DDoS Attacks Hits Solana, But Network Remains Unscathed

Solana, a top blockchain platform, has emerged unscathed from one of the largest DDoS attacks in history, demonstrating unparalleled network resilience amid escalating cyber threats. The sustained assault, ongoing for over a week as of December 16, 2025, peaked at nearly 6 terabits per second (Tbps)—ranking as the fourth-largest DDoS event against any distributed system, per data from SolanaFloor. Attackers …

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US Financial Watchdog No Longer Views Crypto as a Systemic Threat: Report

The U.S. Financial Stability Oversight Council (FSOC) has removed cryptocurrencies from its list of potential systemic threats to financial stability in its 2025 annual report, marking a dramatic regulatory pivot toward embracing digital assets. Released on December 11, 2025, the report eliminates previous warnings about crypto’s contagion risks, stablecoin vulnerabilities to runs, and market concentration issues highlighted in 2024. Instead, …

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Asia Market Open: Bitcoin Slides to $85K Amid Falling Asian Shares

Bitcoin plunged nearly 4% to around $85,900 during Asian trading hours on December 16, 2025, extending a broader cryptocurrency sell-off as risk assets faced renewed pressure. The decline coincided with lower openings in major Asian stock indices, underscoring heightened investor caution in global markets. After failing to sustain above $90,000 following a rejection near $100,000 earlier in the month, Bitcoin …

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PayPal Moves to Secure State-Chartered Bank License for PYUSD

PayPal Holdings Inc. announced on December 15, 2025, that it has applied for a Utah state-chartered industrial bank license to establish **PayPal Bank**, aiming to expand small-business lending and offer interest-bearing savings accounts while reducing reliance on third-party partners. The applications, filed with the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC), would allow PayPal to …

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