(opens original source in a new tab)CoinDeskCrypto for Advisors: What are tokenized deposits?Banks are moving deposits on-chain using permissioned systems, not open ones. See why privacy and compliance dictate this path in this week's newsletter. (opens original source in a new tab)Laurie Rosini·20 August 2026
(opens original source in a new tab)Fintech News SingaporeFlipkart Co-Founder Sachin Bansal’s Navi Raises US$100 Million From ProsusIndian fintech Navi has secured a US$100 million investment from Prosus in its first institutional capital raise. The transaction remains subject to customary closing conditions and regulatory approvals, including clearance from the Competition Commission of India. Bengaluru-based Navi provides digital payments, loans, insurance and mutual funds directly and through partners. Sachin Bansal, Founder and Executive [...] The post Flipkart Co-Founder Sachin Bansal’s Navi Raises US$100 Million From P (opens original source in a new tab)Fintech News Singapore·20 August 2026
(opens original source in a new tab)Fintech News Singapore2025 Had 8,200 AI-Linked Job Cuts. 7 Months Into 2026, It’s 70,000AI-linked layoffs across fintech and financial services were relatively modest in 2025, with seven announcements affecting around 8,200 roles over the entire year. Quite a number, but not that eye-opening. Now, roughly seven months into 2026, the tally has made the figure seem a little dwarfed. Between January and July, our Fintech News Network AI [...] The post 2025 Had 8,200 AI-Linked Job Cuts. 7 Months Into 2026, It’s 70,000 appeared first on Fintech Singapore. (opens original source in a new tab)Izzat Najmi Abdullah·20 August 2026
(opens original source in a new tab)CoinDeskTrader who made $49 million shorting crypto lost $24 million on ether in 12 secondsThe Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind. (opens original source in a new tab)Shaurya Malwa·20 August 2026
(opens original source in a new tab)CoinDeskBearish crypto bets lose record $2.7 billion as bitcoin surges toward $70,000Traders betting against crypto lost $2.74 billion in a day, more than the short side of the October 2025 crash that remains the biggest liquidation event in the market's history. (opens original source in a new tab)Shaurya Malwa·20 August 2026
(opens original source in a new tab)CoinDeskEther jumps 18% to $2,250 as bitcoin tops $69,000 in broad crypto rallyEvery major except tron posted double-digit weekly gains, with nearly $1.4 billion of short positions wiped out after the Treasury doubled its bond buybacks. (opens original source in a new tab)Shaurya Malwa·20 August 2026
(opens original source in a new tab)Fintech News SingaporeAnt International’s FalconTST 2.0 Now Powers FX at Four Global BanksAnt International has launched Falcon Time-Series Transformer (TST) AI Model 2.0, its newest TST model to deliver more accurate forecasting in real-world FX risk management for cross-border payments. The FalconTST 2.0 model is said to demonstrate State-of-the-Art (SOTA) performance on the Mean Absolute Scaled Error (Metric), one of the most critical metrics used to evaluate [...] The post Ant International’s FalconTST 2.0 Now Powers FX at Four Global Banks appeared first on Fintech Singapo (opens original source in a new tab)Fintech News Singapore·20 August 2026
(opens original source in a new tab)Fintech News SingaporeShopeePay Users Can Now Make QR Payments in ChinaShopeePay users from Singapore and Thailand can now make QR payments while travelling in China. They can scan Weixin Pay merchant QR codes and pay directly through the ShopeePay or Shopee app. The service will later expand to users from Malaysia, Vietnam and the Philippines. The partnership connects ShopeePay to TenPay Global’s cross-border payment infrastructure [...] The post ShopeePay Users Can Now Make QR Payments in China appeared first on Fintech Singapore. (opens original source in a new tab)Fintech News Singapore·20 August 2026
(opens original source in a new tab)Fintech News SingaporeDBS AI Agents Take On Over 70 Credit Tasks for 1,500 Employees WorldwideDBS has deployed an agentic AI tool to help about 1,500 employees worldwide assess corporate clients seeking financing. The bank aims to cut the time spent preparing credit memos and carrying out related work by at least 30%. These tasks can currently take up to 40% of a relationship manager’s time, according to DBS. The [...] The post DBS AI Agents Take On Over 70 Credit Tasks for 1,500 Employees Worldwide appeared first on Fintech Singapore. (opens original source in a new tab)Fintech News Singapore·20 August 2026
(opens original source in a new tab)CoinDeskBitcoin briefly hits $70,000 for the first time since June. Here is whyThe largest crypto asset rose more than 7% on Wednesday after several catalysts sent crypto-related assets higher. (opens original source in a new tab)Helene Braun·19 August 2026
(opens original source in a new tab)CoinDeskHYPE jumps 11% as Trump says CFTC is working to bring Hyperliquid to U.S.During a White House meeting Wednesday, President Donald Trump said CFTC Chair Mike Selig is working to bring the perpetual futures platform into the U.S. under federal rules. (opens original source in a new tab)Helene Braun·19 August 2026
