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ChainCatcher News, according to Golden Ten Data, Barclays stated that the euro has now become the main "anti-dollar" trading target. Meanwhile, under the combined pressure of a strengthening yen and expectations regarding Federal Reserve policy, the US dollar is approaching its lowest point in four years.

According to a report by Bijie Network: Indian state-owned railway financing institution IRFC is considering converting its loans from US dollars to Swiss francs to mitigate foreign exchange losses caused by a 6% annual depreciation of the rupee against the dollar. IRFC has an overseas exposure of $8 billion, with 70% of its foreign currency loans denominated in US dollars. This move aims to reduce financing costs. If approved, this de-dollarization strategy by the company, which has assets totaling $56 billion, could set a precedent for other Indian public sector enterprises.

According to CoinWorld, global institutional digital asset investment firm 3iQ Corp. has appointed Chris Desjardins as its new Chief Technology Officer. Desjardins is a technology executive with over 20 years of experience and will be responsible for leading technology strategy and platform security. He previously co-founded virtual asset custody company Tungsten (later acquired by Zodia Custody) and crypto wallet company Big Index (later acquired by Brane). The CEO of 3iQ stated that Desjardins’ expertise in blockchain and finance makes him an ideal candidate for the position.