Market analyst Benjamin Cowen says the Q4 market selloff in US stocks arrived on schedule, despite arguments that a widely expected correction would never happen. The call rests on three midterm cycles, and Cowen says it is not an exact science. He says the Nasdaq has dropped over 10%, mirroring 2018. Bitcoin (BTC) holders face […]
Altyndara said it became the investor and subsoil-use license recipient for two deposits and plans to invest more than $500 million.
Crypto.com will discontinue its consumer app services in Hong Kong on Feb. 1, 2027, while continuing to pursue regulatory approval for its institutional exchange.On Monday, the company confirmed the shutdown to Bloomberg, saying affected customers had been notified and would receive instructions on closing their accounts and withdrawing funds. According to local news outlet HK01, Crypto.com cited regulatory changes in emails sent to its users in Hong Kong. The consumer app is operated by Foris DAX MT Limited, while a separate entity, Foris DAX HK Limited, is seeking a Hong Kong virtual asset trading platform license.According to the Securities and Futures Commission’s (SFC) public register, the company’s Hong Kong entity submitted its VATP license application on Feb. 9, 2024. Nearly three years later, Foris DAX HK Limited remains listed as “deemed-to-be-licensed” — a transitional status rather than full regulatory approval.Crypto.com told Bloomberg it would continue pursuing the application for its institutional-grade Crypto.com Exchange platform.Cointelegraph reached out to Crypto.com for comment but did not receive a response before publication. Related: Hong Kong takes tokenized settlement to 24/7, plans stablecoin trials
The three latest Bitcoin cycle lows came 13 to 71 days after midterm voting. The S&P 500’s average gain across the 21 periods was 16.6%.
Bybit is listed at $1.5 billion and Ronin/Axie Infinity at $620 million. The figures are event-time estimates, not net losses after recoveries or freezes.
OJK Indonesia has announced significant enforcement actions against PT Aurora Asset Management, imposing a fine of Rp2.575 billion. The regulator has also mandated the liquidation of several mutual funds within six months. This action reflects OJK’s commitment to maintaining regulatory compliance in Indonesia’s financial sector, as detailed in their official tweet. The Latest In a […]
Nvidia’s directive may reshape global cloud service dynamics, impacting Chinese tech growth and influencing semiconductor market volatility. The post Nvidia tells cloud clients to sell at least 51% of services to non-Chinese firms appeared first on Crypto Briefing.
XRP whale net flow on Binance hit -226 million units on October 29. This reading is 2.72 times the -83 million units recorded in September 2022. CryptoQuant analysis flagged 283 million XRP in large-transfer outflows from the exchange that day, as the security breach unfolded. Whale Movement TRM Labs traced 233.46 million XRP from five […]
On election eve, a trader put about $84,200 into positions tied to a congressional-control outcome, then opened a new Hyperliquid position about six hours later.
Intel expects quarterly revenue to miss analyst forecasts by $1 billion to $2 billion as it redirects some Oregon capacity toward server CPUs.
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