RBI Burned $8 Billion in One Week — Is Your Rupee Safe?
The rupee bounced to 95.20 but RBI's forex reserves took a brutal $8.1 billion hit in a single week — here is what every Indian investor needs to understand right now.
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FTX bankruptcy filing: The Miami Heat’s home arena is seeking a new naming sponsor for the building.
Abstract：According to reports, The Miami Heat of the National Basketball Association (NBA) dropped FTX’s name after FTX’s bankruptcy filing.
According to reports, The Miami Heat of the National Basketball Association (NBA) dropped FTX‘s name after FTX’s bankruptcy filing. The Miami Heat is an American professional basketball team based in Miami. The Heat competes in NBA as a member of the league's Eastern Conference Southeast Division. Until now, Miami Heat has won three NBA championships.
The home arena of the Miami Heat used to be named FTX Arena as the business cooperation made between the crypto exchange FTX and Miami Heat. In March 2021, FTX gained the naming rights to the Miami Heat home arena for $135 million over 19 years.
As we know so far, the Miami Heat team is extremely disappointed about what happened on FTX. Miami Heat has terminated its business cooperation with FTX. It now is seeking a new naming sponsor for the home arena.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Further Reading
What? The Rupee’s Fall from 90 to 95 Remains the Fastest Five-Point Decline in a Decade!
No, we are not kidding! The rupee has indeed hit this low, from 90 to 95 against the US dollar, the fastest in nearly a decade, highlighting the slump due to rising crude oil prices and global uncertainty from the series of adverse events related to the geopolitical conflict in the Middle East. It just took five months for the rupee to weaken from 90 to 95, the sharpest five-point depreciation since the 2013 taper tantrum. During this period, the rupee declined from 60 to 65 within a month amid concerns over India’s current account deficit and large capital outflows.
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OANDA Japan to End Browser-Based MT4 and MT5 Access in May
OANDA Japan will shut down MT4 and MT5 web terminal access at the end of May, while desktop and mobile trading remain available as the broker continues its MT4 phase-out.
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Acetop UK Reports 2025 Loss as Trading Volumes Drop to $9.5 Billion
Acetop Financial Limited posted a £35,691 pretax loss in 2025 after revenue declined and trading volumes fell 21% to about $9.5 billion.
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