XRP Nears $3 as ETF Hopes Fuel Bullish October Outlook
With support at $2.80 and SEC rulings on spot XRP ETFs due this month, analysts see October as a turning point for the token
Finance
Halyk Bank Approved to Acquire 49% of Click for $176 Mln
Click will acquire 49% of Tenge Bank
World Nears Quarter Million Crypto Millionaires in Historic Wealth Boom
Uzbekistan Partners with NASDAQ to Upgrade Tashkent Stock Exchange
The trading platform can also aid with the sale of government bonds
DBS, Franklin Templeton and Ripple Launch Tokenised Services on XRP Ledger
Investors will be able to trade between the two assets seamlessly
XRP and Dogecoin ETFs Smash Debut Expectations With $54 Mln in Trades
Most new funds manage around $1 mln in their first session
Uzbekistan Leads Region with We-Finance Code Supporting Women Entrepreneurs
The initiative provides women entrepreneurs with access to grants
Uzbekistan Moves Towards Islamic Banking with New Draft Law
The bill proposes amendments to the Tax Code
Gold Prices Reach Record $3,689 as Investors Anticipate US Fed Rate Cut
Spot gold rose 0.2% to $3,685.02 an ounce by 0632 GMT
Uzbekistan Moves Toward Legal Framework for Islamic Banking
The proposed legislation is designed to tackle the shadow economy
KFC, Evos and Oqtepa Lead Uzbekistan’s Food Sector Tax Payments
In total, 20,100 catering organisations paid $77.5 mln in taxes
CERR: Uzbekistan’s Business Climate Index Rises to 55 Points in August
The August business climate index stood at 55 points
Uzbekistan Plans Stablecoin Trials for Payments and Asset Tokenisation
Stablecoins can be used for everyday transactions
Oracle Shares Rise Over 43% With Larry Ellison’s Wealth Closing Up to Musk’s
The company announced four multi-billion-dollar cloud agreements
Forbes: Wealth of America’s 400 Richest Hits Record $6.6 Trln
Together, the 20 wealthiest Americans now control $3 trln
Uzbekistan’s Reserves Top $50 Bn for First Time
The country also expanded its gold stock in physical terms
George Paresishvili Steps Down as Head of Tashkent Republican Stock Exchange
His three-year employment contract expired in September 2025
Gold Hits Record High as Mining Shares Outperform
The metal has reached a record high and mining stocks are now outperforming, but investors remain cautious about the sector’s track record
Uzbekistan’s Corporate Bond Market Needs Active REPO Operations
REPO deals are actively used in the government securities market
Toss Makes Money Transfers from South Korea to Uzbekistan Free of Charge
TBC Bank Group Expands in Uzbekistan with OLX UZ Acquisition
TBC Bank Group intends to fully integrate OLX Uzbekistan into the wider digital ecosystem
Frank RG: Digitalisation, Open Banking and Privatisation to Propel Uzbekistan’s Banking Sector Over Next Five Years
Analysts, however, expect this rapid pace to ease during 2025–2026
CERR Survey Shows Rising Optimism Among Entrepreneurs in Uzbekistan
37% of entrepreneurs reported improved conditions over the past three months
Uzbekistan Cuts Shadow Economy to 35%
Digital and innovative solutions were identified as the most effective tools