Markets

The US Department of Treasury and the Internal Revenue Service (IRS) have made filings for 45 claims against FTX. These claims have totaled around $44 million. The claims have targeted the bankrupt FTX cryptocurrency exchange and other affiliates. US tax...

CICC Capital, a division under the CICC investment bank in China, has suspended the use of services offered by Capvision Partners. These services were suspended after an investigation into the network as Beijing cracks down on national security. CICC Capital...

The Cyprus Securities and Exchange Commission (CySEC) has withdrawn the Investor Compensation Fund (ICF) membership for Trilt and RMG Holding Limited. The regulator said that the decision to withdraw the ICF membership for the two companies came after their Cyprus...

GCEX, a digital prime brokerage company that Lars Holst leads, has secured regulatory authority from the Danish Financial Supervisory Authority (FSA). The regulatory approval will enable GCEX to operate as an investment institution. GCEX secures a new Danish license The...

On Monday, Tesla Inc revealed that it has broke ground on the establishment of a lithium refinery in Texas. The electric car maker noted that the new refinery will have the capacity to produce about 1 million batteries for its...

Retail broker Plus500 is seriously looking to raise its valuation by expanding and offering its shares in the United States. The broker’s management is visibly frustrated about its current valuation of $1.8 billion and wants to list its shares in...

Automakers have been engaged in a price war for electric vehicles, with the current focus being a shift to SUV-styled electric vehicles. Electric SUVs have become the largest market segment, currently dominated by Tesla and BYD. Automakers battle for dominance...

Some members of the Bank of Japan have urged the central bank to remain vigilant in addressing the risk of inflation. The policymakers said that the risk of inflation was accelerating at a higher-than-expected rate, as seen in the minutes...

Binance, one of the largest cryptocurrency exchanges by trading volumes, suspended Bitcoin withdrawals for several hours on Monday. The exchange attributed the matter to heavy trading volumes and increased processing fees. The exchange later cleared the withdrawal backlog at a...

The Alibaba logistics division plans to raise up to $2 billion through a Hong Kong listing that will likely happen early next year. The move has raised hopes for a revival in the Hong Kong capital markets. Alibaba plans an...

Deus Finance, a decentralized finance (DeFi) protocol, has lost over $6M because of a security breach on its DEI stablecoin. The hacker behind the breach exploited a flaw in the BNB Smart Chain on May 5. This exploit comes amid...

The meme coin hype appears to be back, given the recent gains made by meme coins such as PEPE and FLOKI. One of the reasons behind the recent surge in FLOKI's price is the launch of a new perpetual contract...

CME Group has published its trading data for April 2023. The data shows that the total volumes for spot foreign exchange traded on the Electronic Broking Services (EBS) hit $52.9 billion. However, the spot FX volumes slumped. CME’s FX Link...

The founder of US-founded cryptocurrency exchange Coinbase, Brian Armstrong, has said the company has no plans to shift its operations outside the US. Armstrong revealed the company's commitment to the US market in a Q1 earnings call. Coinbase is fully...

Artificial intelligence has become a hot topic in the technology sector. Apple, the largest tech company in the US, is showing interest in the field. Apple's CEO, Tim Cook, shared a glimpse into the company's plans during a Q&A session...