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In a tale that’s equal parts tragic and absurd, a 69-year-old Hyderabad businessman has reportedly lost ₹2.65 crore (~$291,334) to a cryptocurrency scam. Yes, you read that right. Someone who’s old enough to remember when phones had cords got duped by a digital con artist. The Hyderabad Cyber Crime team is now on the case, because apparently, the only thing growing faster than India’s digital market is the creativity of its scammers.

Startale Group and SBI Holdings, those pillars of financial society, have announced they’re whipping up JPYSC, a yen stablecoin with a trust bank issuance model. They’re aiming for a Q2 2026 launch, though one must always cross one’s fingers and toes for those pesky regulatory clearances.

Apparently, institutions are suddenly very into onchain derivatives, like they just discovered a new flavor of artisanal cheese. And Ripple, ever the gracious host, has rolled out the red carpet with a shiny new update to its prime brokerage platform.