Major United States (US) banks, including JPMorgan Chase, Bank of America, Citigroup and Wells Fargo, are eyeing a joint stablecoin venture amid a potential seismic shift in crypto regulations following the advancement of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) A
The United Kingdom (UK) Retail Sales jumped 1.2% month-over-month (MoM) in April after advancing 0.1% in March (revised from 0.4%), the latest data published by the Office for National Statistics (ONS) showed Friday. Markets expected a 0.2% rise in the reported month.
The Indian Rupee (INR) trades in negative territory on Friday. Likely foreign outflows from domestic equities and higher crude oil prices undermine the Indian currency.