About a year-and-a-half after the collapse of crypto-friendly banks in the US, European players are pushing to reinvigorate the market for around-the-clock payments in the digital-asset sector, Bloomberg News reported. A pair of Swiss lenders — AMINA Bank AG and Sygnum Bank AG — have debuted real-time payment and settlement networks in recent weeks. They are targeting a gap in the market left by the Silvergate Exchange Network (SEN) and Signature Bank’s Signet platform which, prior to their collapse in March 2023, played a crucial role in bringing liquidity to the crypto market.
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Swiss inflation unexpectedly eased — offering reassurance to Swiss National Bank officials who’ve lowered borrowing costs for two straight meetings, Bloomberg reported. Consumer prices rose 1.3% from a year ago in June, the statistics office said Thursday. That’s less than economists estimated and down from May’s 1.4%, which was the fastest clip this year. The slowdown was helped by a 0.2% annual decline in the cost of goods, while services were up 2.4%. Core inflation also moderated to 1.1%, defying expectations for it to quicken.

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