🚀 Trading volumes of cryptocurrencies in Russia are projected to not exceed 4 trillion rubles in the first year, according to Sberbank's forecast. By 2029, this figure is expected to reach approximately 7.5 trillion rubles, as reported in an interview with TASS.
🇺🇸 Hegset has denied reports regarding his intentions to run for President of the United States.
⚠️🇺🇸🇮🇷 The United States has deployed a significant number of missiles and air defense systems to the Middle East in preparation for potential conflict with Iran. This move has led to critically low stock levels in Europe and Asia, according to media reports citing American officials.
🌟 Major banks in Russia are fully prepared for the implementation of the digital ruble, while smaller credit organizations continue to face challenges due to the high costs of technical integration. According to Akasakov in an interview with TASS, the price for banks to connect to the digital ruble is expected to decrease. Mass implementation of the digital ruble in Russia will begin on September 1.
📈 Apple is raising subscription prices for Apple TV and Apple One in the United States.
🇩🇪🇷🇺 Ahead of elections, Merz plans to introduce separate sanctions against Russia, distinct from those of the EU, according to Politico.
⚠️🇪🇺🇷🇺 There are currently no grounds for improving relations between Moscow and Europe, according to Kremlin spokesman Dmitry Peskov.
⚠🇪🇺🇷🇺 Belgium has thwarted a new attempt to expropriate frozen Russian assets, as announced by Defense Minister Theo Francken in an interview with VRT. This initiative was made by four EU member states aiming to seize these assets.
🚀 A nine-day streak of inflows into spot BTC ETFs has shifted to outflows. Meanwhile, inflows into spot ETH ETFs continue, according to data from SoSoValue.
🇺🇦 CIA Director Ratcliffe proposed a trilateral summit involving the presidents of the United States, Russia, and Ukraine during his visit to Russia earlier this week, according to Axios.
🇷🇺 Marketplace platforms have carved out a significant role in Russia's economy, accounting for 15% of all consumer spending. However, recent data shows a 15% decrease in consumer expenditures on these platforms over the past few weeks. Russian marketplaces have matured into robust companies capable of overcoming challenges. Additional support measures for sellers will be discussed at the Eastern Economic Forum, according to an interview with TASS featuring Sberbank.
✨ Russia's Central Bank Digital Currency (CBDC) is causing concerns among bankers and analysts regarding a potential outflow of deposits, as funds in the digital ruble remain isolated in Central Bank accounts, according to Sberbank in an interview with TASS. Previously, experts expressed fears about altering business models due to CBDC implementation. However, central bankers reassured that banks will retain their competitive advantage and will not incur significant losses.
⚠🇪🇺 Ursula von der Leyen, speaking at the La Rencontre des Entrepreneurs de France conference in Paris, proposed directing citizens' savings to serve the EU economy. She highlighted that currently, €10 trillion of household savings are held in bank accounts, with a significant portion invested outside Europe. "Now Europe needs to make these savings work for its companies," von der Leyen stated.
🚀 Recent growth in BTC is backed by strong spot demand, according to QCP Capital. Additionally, purchases of long-term U.S. Treasury bonds by the Treasury Department are contributing to the rise in BTC, as noted by Arthur Hayes.
🌍 Key events for the week include the SCO summit in Bishkek on September 1, alongside the Eastern Economic Forum in Russia. On September 1, multiple PMI reports will be released from countries including Australia, Japan, and the US. Notable data such as the US JOLTS Job Openings and Chicago PMI will also be available. The week culminates with the US Non-Farm Payrolls and unemployment data on September 4, and an OPEC+ meeting on September 6.