Crypto firms are racing to launch stock-pegged tokens, sparking concerns among financial giants and regulators. While proponents tout 24/7 trading and instant settlement, critics warn of investor risks and market fragmentation. Many tokens lack traditional rights, resembling riskier derivatives. This rapid innovation faces scrutiny over investor protections and regulatory oversight.
PhysicsWallah Q2 Results: Profit soars 62% YoY to Rs 72 crore, revenue surges 26%
PhysicsWallah reported 62% YoY profit growth and 26% revenue rise in Q2, backed by rapid offline expansion, diversified income streams, and improved margins following major