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Indonesia's parliament appointed President Prabowo Subianto's nephew, Thomas Djiwandono, as a deputy governor of the central bank, adding to concerns about the institution's operational independence. More here

US memory chipmaker Micron said it plans to build a $24-billion chip manufacturing plant in Singapore, as it races to boost output in the face of an acute global shortage. More here

Base co-founder @jessepollak wrote on X that the Base core team will not “pump” assets behind the scenes or manipulate markets by privately coordinating capital deployments to push prices toward specific outcomes. He said such behavior would unfairly harm other assets, be

India and the European Union have finalised a landmark trade deal that will represent a quarter of the world's economy, Indian Prime Minister Narendra Modi said, as the two sides seek to hedge against fickle ties with the US. More here

INSIGHT: Hong Kong to greenlight its first stablecoin licenses soon, major South Korean crypto firm launches KRW stablecoin blockchain. Asia Express via Cointelegraph Magazine

Discover more top stories in Asia's crypto space this week here

Stablecoin Movements Offer Insights into Crypto Trends