UK Chancellor of the Exchequer Rachel Reeves sought to allay market concerns over the government’s fiscal position during a trip to China, where she reached deals worth £600 million ($731 million) to the British economy over the next five years. Reeves on Saturday reiterated the Labour government’s goal of pursuing economic growth, including through boosting trade with countries like China.

Genius Group has increased its Bitcoin Treasury to $35 mn, purchasing 372 Bitcoin at an average price of $94,047 each, achieving 30% of its $120 mn target ahead of schedule. The company also expanded its Bitcoin-backed loan to $14 mn and approved a Founder Compensation Plan, aiming for a $1 bn market cap and Bitcoin Treasury NAV growth, reflecting its strategic focus on Bitcoin and AI innovation.

SEBI may revise the ₹500-crore exposure or open interest limit each in index futures and options introduced for institutional investors—foreign portfolio investors and mutual funds—after the covid-19 outbreak in March 2020. The markets regulator proposes to change the methodology for measuring OI, the value of outstanding buy-sell positions, among participants in the derivatives segment.

Neville Noronha, CEO of Avenue Supermarts, will not renew his contract ending in January 2026 after leading the company for over two decades. Anshul Asawa from Unilever will take over as CEO Designate from March 2025 and assume full CEO responsibilities in February 2026. Noronha leaves a legacy of achieving significant milestones, including expanding DMart to over 380 stores.

Avenue Supermarts, which operates the retail chain DMart, on January 11, reported a 4.9 percent increase in consolidated net profit at Rs 723.54 crore for the December 2024 quarter. It reported a net profit of Rs 690 crore in the corresponding quarter. Its consolidated revenue grew 17.6 percent at Rs 15,973 cr vs Rs 13,572 in the corresponding quarter.

The total number of registered startups in India have surged to 1,57,066 from around 400 in 2016, when the 'Startup India' initiative was launched, with investment in these new ventures jumping to $115 billion, from $8 billion in this nine-year period, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

High-interest rate FD for super senior citizens: Indian banks, including SBI, RBL Bank, Union Bank of India, Indian Bank, and PNB, offer high-interest rates on FDs for super senior citizens (aged 80 and above), with rates ranging from 7.60% - 8.75%. SBI offers the highest interest rate of 7.60% for super senior citizen FDs with tenures of 2 years to less than 3 years and 5 years and upto 10 years.

📌Monday is likely to see the Nifty beginning on a soft note; the levels of 23650 and 23880 are likely to act as resistance points. 📌The supports come in at 23300 and 23050 levels. 📌The weekly RSI is 43.53; it has marked a new 14-period low, which is bearish. 📌The RSI also shows a bearish divergence against the price. 📌The weekly MACD is bearish and stays below the signal line.

Chinese property developer Redsun Properties said on Friday it would not be able to pay its $350 million bond maturing on January 13, which includes the principal and the accrued interest. The bond was issued in January 2021 with a coupon rate of 7.3%. A prolonged property market slump in China over the last three years has been weighing on developers' ability to repay debt.

Sumeet Bagadia of Choice Broking believes bears have taken hold over the bulls as the Nifty 50 index has broken the crucial 23,500 support. 📌Tech Mahindra: Buy at ₹1705.60, target ₹1860, stop loss ₹1628. 📌JSW Steel: Buy at ₹900.10, target ₹980, stop loss ₹860. 📌Bajaj Finserv: Buy at ₹1701.25, target ₹1875, stop loss ₹1620.

Nasdaq Seeks Tenfold Increase in IBIT Options Limits Nasdaq ISE filed a proposal with the Securities and Exchange Commission this week to increase the position and exercise limits for options on the iShares Bitcoin Trust (IBIT) to 250,000 contracts from 25,000. The proposal aims to expand trading capacity for the largest spot bitcoin ETF’s options market at a crucial time.

Enforcement Director Ian McGinley is leaving the Commodity Futures Trading Commission in a week, ending a relatively short tenure that saw some high-profile crypto cases. He arrived at the agency in February 2023, a month before the CFTC sued Binance and then-CEO Changpeng Zhao for violating U.S. commodities laws.

Usual Protocol, an up-and-coming DeFi protocol that has seen a remarkable rise over the past months, faced community backlash on Friday after a tweak in the protocol's yield-generating token triggered a sell-off on secondary markets. Amid the turmoil, the protocol's USD0++ token fell briefly below 90 cents from $1 on decentralized marketplace Curve.

Insurance stocks tumbled Thursday as wildfires in Los Angeles pose record-high losses. Allstate plunged as much as 4%, while Chubb and Travelers fell roughly 3% at lows. Progressive and American International Group also saw shares drop. The downturn comes as traders worry that massive losses from the fires could hit the insurers' earnings.

India's biggest private lender, HDFC Bank, has revised FD interest rates for both senior citizens and the general public. For deposits in the range of ₹3 crore to ₹5 crore, the bank will now offer interest up to 7.40% for the general public and 7.9% for senior citizens on the basis of tenure. On fixed deposits with tenures from 7 to 29 days, depositors can earn 4.75% and 5.50% for 30 to 45 days.