Trump Signs GENIUS Act for Stablecoin Regulation

President Donald J. Trump signed the GENIUS Act into law, a significant legislative move aimed at regulating stablecoin cryptocurrencies in the United States. This landmark legislation received bipartisan support and is set to elevate the country as a leader in the global digital asset revolution. Stablecoins, digital currencies pegged to traditional assets like the U.S. dollar, have gained popularity in recent years for their ability to maintain a stable value. The GENIUS Act mandates that stablecoins must be backed by liquid assets such as U.S. dollars and Treasury bills. It also requires issuers to disclose their reserves publicly, fostering transparency and credibility in the industry. The new law is expected to boost the adoption of stablecoins for everyday transactions, enhancing consumer confidence and expanding the market value of stablecoins, which is currently estimated at over $260 billion. Industry experts project that the market could grow to $2 trillion by 2028 under the regulatory framework provided by the GENIUS Act. President Trump's endorsement of the GENIUS Act aligns with his vision of positioning America as a global hub for cryptocurrency innovation. The legislation not only safeguards consumers from fraudulent activities in the digital market but also reinforces the U.S. dollar's status as the world's reserve currency by driving demand for U.S. Treasuries through stablecoin transactions. The signing of this law underscores the administration's commitment to bolstering national security, combatting illicit activities in digital assets, and fulfilling the promise of making America the forefront of the crypto industry. The regulatory framework established by the GENIUS Act sets the stage for a more secure and robust digital asset ecosystem, promoting innovation and economic growth in the digital currency space.

Sharps Technology, Inc. has unveiled its latest move in the digital asset market by announcing a private placement offering. The company plans to implement a digital asset treasury strategy focused on the Solana blockchain's native digital asset, SOL. Solana stands out as the fastest and most utilized public blockchain globally, supporting various assets like equities, bonds, and private assets with high-throughput and low-cost settlement capabilities. Alice Zhang, the appointed Chief Investment Officer and Board member of Sharps Technology, emphasized Solana's rapid global adoption and institutional support. The company aims to build a robust digital asset treasury strategy with SOL, well-positioned for success with a team deeply connected to the Solana ecosystem. To finance the acquisition of SOL and establish SOL treasury operations, the company is conducting a private investment in public equity transaction (PIPE) worth over $400 million. The transaction is set to close shortly, with net proceeds earmarked for SOL purchases, treasury operations, and general corporate purposes. Sharps Technology has also entered a non-binding agreement with the Solana Foundation to acquire $50 million worth of SOL at a discounted rate, further bolstering its digital asset position. The company's strategic advisor, James Zhang, envisions significant long-term value creation for shareholders through the digital asset treasury venture. The advisory team, including top-tier asset managers like Monarq Asset Management and ParaFi Capital, enhances the company's strategic positioning within the Solana ecosystem. With Solana's rapid growth and innovative approach to internet capital markets, Sharps Technology is gearing up to secure a leading position in the SOL treasury landscape. Overall, Sharps Technology's foray into digital asset treasury operations signifies a bold step towards leveraging the potential of blockchain technology and Solana's robust ecosystem for sustained growth and value creation.

Protean eGov Technologies saw its share price surge by over 12% after securing a work order from UIDAI to set up district level Aadhar Kendra. The stock peaked at ₹918.50 on the BSE, driven by a notable increase in trading volumes. A total of 94 lakh equity shares exchanged hands, a significant rise compared to its average volumes. Protean eGov Technologies bagged a ₹1,160 crore contract from UIDAI to establish and operate Aadhaar Seva Kendra in 188 districts across India. The project includes providing various Aadhaar services. The execution timeline for the order is six years, with a total consideration of ₹1,160 crore. The stock's upward trajectory comes amidst a bearish trend in the broader market today, with BSE Sensex and NSE Nifty 50 witnessing declines. Over the past periods, Protean eGov Technologies shares have shown mixed performance, with gains in the short term but declines in the longer term. Currently, the stock is trading 8.54% higher at ₹888.10 apiece on the BSE.

The sharp decline in Nazara Technologies shares has led to a staggering Rs 100 crore mark-to-market loss for notable investors Nikhil Kamath and Madhusudan Kela in just four trading sessions. Kamath’s stake plummeted from Rs 211 crore to Rs 152.7 crore, while Kela saw his value drop from Rs 153.63 crore to Rs 111.25 crore during the same period. Rekha Jhunjhunwala, wife of the late Rakesh Jhunjhunwala, completely divested her stake in Nazara ahead of the introduction of the Online Gaming Bill 2025, in contrast to the losses faced by other investors. The Bill, which restricts real-money online gaming, triggered a significant sell-off in Nazara’s stock, eroding investor wealth by nearly Rs 916 crore. With ICICI Securities downgrading Nazara and slashing its target price, the stock faced further downward pressure. The regulatory uncertainty brought by the new legislation has shaken the gaming sector, prompting other major players like Dream Sports and Mobile Premier League to halt operations. While several investors grapple with the market turmoil, questions loom over their next moves amidst the regulatory turbulence. The industry, including Nazara Technologies, grapples with the aftermath of the new law, which aims to regulate the sector but has raised concerns about stifling innovation and investment. Criticism from TMC MP Mahua Moitra has drawn attention to allegations of insider trading and market manipulation against Jhunjhunwala, underscoring the need for regulatory action from SEBI. The unfolding events highlight the challenges and uncertainties facing investors in the gaming industry amidst evolving regulations.

Shares of paper companies surged following the Indian government's mandate of a Minimum Import Price on Virgin Multi-layer Paper Board (VMPB), a crucial packaging material. The move, meant to deter cheaper imports and support local manufacturers, caused notable spikes in various paper company stocks. JK Paper witnessed a 15% rise, reaching Rs 401, while Tamil Nadu Newsprint & Papers and West Coast Paper Mills saw increases of 16.6% and 14.3%, respectively. Andhra Paper and Orient Paper also experienced gains ranging from 6% to 11%. This market rally was notably accompanied by high trading volumes. The Directorate General of Foreign Trade announced that the Minimum Import Price on VMPB will remain in effect until March 31, 2026. This regulation aims to elevate import costs, making overseas supplies less competitive and safeguarding the interests of domestic paper producers. Indian paper manufacturers have long voiced concerns about being undercut by cheaper imports, particularly from countries like Indonesia and China. The recent move follows the Indian Paper Manufacturers Association's request for an anti-dumping investigation into Indonesian VMPB supplies in June. Virgin Multi-layer Paper Board is extensively utilized in various industries like pharmaceuticals, consumer goods, food and beverages, electronics, cosmetics, liquor, and book publishing. The government's action is expected to steer demand towards local producers as importers face heightened costs. Apart from regulatory support, stable raw material prices have enabled paper companies to sustain margins. Anticipated growth in packaging demand ahead of the festive season and potential reforms in the education sector that could boost textbook demand further contribute to the sector's positive momentum. Ongoing expansions in production capacity are poised to enhance supply, indicating a favorable market outlook for paper stocks in the foreseeable future.

The latest data from the World Gold Council in mid-2025 reveals significant trends in gold reserves. The United States holds the top spot, boasting 8,133 tonnes of gold as of May 2, 2025. This substantial reserve, safeguarded at Fort Knox, underlines the financial strength of the US, reinforcing investor trust in the country's currency and its global economic dominance. Following the US, Germany holds 3,351 tonnes of gold, less than half of America's reserves. These reserves played a crucial role in Germany's post-World War II recovery, allowing it to support other European nations during the Eurozone crisis. Italy ranks third on the list with 2,451 tonnes of gold reserve. Despite facing significant national debt, Italy has refrained from selling its gold reserves, using them as a shield during financial crises to prevent total collapse. France follows closely behind with 2,452 tonnes of gold reserves. France has utilized its gold holdings to counter US and IMF domination, strengthen the Euro, and bolster its financial influence within the EU. Russia's substantial gold reserve of 2,333 tonnes has helped cushion the impact of sanctions from the US and EU, mitigate ruble devaluation, and form alliances with other nations such as China, Iran, and North Korea to challenge the existing global order. China, with 2,292 tonnes of gold reserves, leverages its holdings to support the internationalization of the yuan and reduce dependency on the US dollar, especially during economic crises. Switzerland's 1,040 tonnes of gold reserves contribute to the stability of the Swiss Franc, enhancing the credibility of its banking systems as global wealth vaults. In India, gold plays a crucial role in stabilizing forex reserves and shielding the economy from global crises like conflicts in Russia-Ukraine and the Middle East, which can impact energy supplies. The Reserve Bank of India holds 880 tonnes of gold reserves, while Indian households hold an estimated 25,000 tonnes privately, serving as a significant hidden economic asset.

A significant number of pre-listing shareholder lock-ins are set to expire in the upcoming months, potentially impacting the stock market. Between August 25, 2025, and November 27, 2025, 57 companies are projected to have their lock-ins released, totaling a value of USD 20 billion. Notably, not all of these shares will be available for sale, as some are held by Promoter & Group. Nuvama Institutional Equities reported that companies from various sectors will have their IPO lock-in expirations, creating a busy phase for the market. Some firms, such as GNG Electronics, Brigade Hotel Ventures, and Indiqube Spaces, will see their shareholder lock-ins released within a month, starting from August through mid-September. These releases will range from 3% to 5% of the companies' total outstanding equity. Anchor investor lock-ins, which restrict selling shares for a specific period post-IPO, aim to maintain stability and exhibit commitment to the company's long-term success. CIO Mohit Gulati emphasized that lock-in expiries attract two kinds of investors - those capitalizing on price surges and those looking for long-term investment opportunities. A more substantial wave of unlock events is anticipated from late August to mid-November, with notable companies such as Belrise Industries, Prostarm Info Systems, Aegis Vopak Terminals, and Schloss Bangalore unlocking varying percentages of their total outstanding equity. Furthermore, two significant companies, Ather Energy and Borana Weaves, are expected to release a substantial number of shares within a six-month timeframe. The unlocking of shares provides a dynamic market environment catering to differing investor strategies. It is crucial for investors to seek advice and analyze market conditions before making investment decisions.