Tether and Nairobi Securities Exchange explore tokenized securities, blockchain infrastructure, and USDT as a settlement layer in a new MoU, amidst growing tokenized real-world assets sector.
Two Volkswagen engineers face securities fraud charges for allegedly using insider information to profit over $300,000 from Rivian stock ahead of a joint venture announcement, undermining market fairness.
SEC Commissioner Hester Peirce warned that some crypto vaults and onchain lending strategies could be subject to federal securities laws, depending on their structure and management. Her statement comes as major firms like Coinbase and Bitwise expand into this rapidly growing market, prompting a re-evaluation of regulatory boundaries.
China's private securities investment funds surpassed 8 trillion yuan ($1.2 trillion) by June end, driving the private fund industry's record 23.66 trillion yuan in assets under management. New fund registrations remain active, with VC/PE showing increased activity, particularly in electronic information, advanced manufacturing, and healthcare.
BitGo and OTC Markets Group plan to partner on digital asset trading and custody infrastructure for over 150 broker-dealers using OTC Link ATS. This alliance aims to expand institutional access to tokenized securities through existing market infrastructure, leveraging BitGo Bank & Trust as custodian.
SEC Commissioner Hester Peirce stated that crypto vaults and onchain lending products, especially those involving discretionary asset management, may fall under US federal securities laws, urging developers to assess compliance.
AgiBot had eyed a Hong Kong listing this year, targeting a HK$40-50 billion valuation, with CICC and Morgan Stanley as potential joint sponsors. Separately, Innolight's IPO, aiming to raise US$8 billion, attracted over 30 cornerstone investors for a July 30 debut, potentially the city's biggest listing in seven years.
China Merchants Securities, a leading Chinese brokerage, ceased market making for the mainland's only South Korea-focused ETF and five other QDII products. This move, described as commercial, aligns with Beijing's efforts to stabilize capital markets amidst significant volatility in South Korea's KOSPI index.
Sales of equity-linked securities (ELS) and equity-linked bonds (ELB) in South Korea fell 41.7% in the first half of the year compared to the previous six months, totaling 27.7 trillion won. This decline is attributed to significant stock market volatility and Mideast tensions.
Hong Kong police arrested a 26-year-old investment manager at Chief Securities for allegedly making unauthorized investments, causing an estimated HK$150 million (US$19.1 million) loss. The suspect, who worked as a trader for six months, was arrested Monday after audits revealed suspicious activity between January 9 and Monday.
The Hong Kong Stock Exchange (HKEX) is in early discussions to extend its trading hours, potentially to 5pm or 8pm, according to two sources. The move aims to enhance market competitiveness, though scrapping the lunch break is not being considered.
HSBC has received approval to operate its digital assets platform, HSBC Orion, within the UK's Digital Securities Sandbox (DSS), enabling the issuance, servicing, and settlement of digital securities, including the UK's planned Digital Gilt Instrument (DIGIT).
Citadel Securities made a $400 million strategic investment in Crypto.com, valuing the Singapore-based platform at $20 billion. This marks Crypto.com's first institutional funding round and signals a broader trend of Wall Street firms, including Visa and DTCC, investing heavily in blockchain infrastructure and tokenized assets.
Citadel Securities has invested $400 million in Singapore-based crypto exchange Crypto.com, valuing it at $20 billion. This marks Crypto.com's first institutional funding round and highlights traditional finance firms' increasing involvement in digital assets, with funds aimed at expanding into tokenized securities and derivatives.
CXMT, China's memory chip champion, attracts heavy investment in its IPO, promising a high allotment rate and potential fourfold gain amid the AI-driven market boom.
South Korea's casino industry's performance is directly linked to inbound tourism, with Chinese visitor growth being the critical factor for the rest of the year. Analysts note a confirmed inbound boom, driven partly by a temporary visa-free program for Chinese group tourists launched last September.
The US Department of Justice is reportedly planning to drop charges against Matthew Goettsche, founder of the BitClub Network, accused of defrauding investors of $722 million. This potential reversal follows a directive to end "regulation by prosecution" against the digital asset industry.
Online retail giant Shein has received approval from China's CSRC to pursue an IPO in Hong Kong, planning to issue up to 341.6 million shares. Previous IPO attempts in New York and London were stalled due to regulatory scrutiny.
MCX Gold August futures show a positive bias, with a 'buy on dips' strategy recommended near Rs 1,45,200–Rs 1,45,400. Technical indicators like EMAs, MACD, and RSI support a bullish outlook, suggesting further upside as long as prices remain above Rs 1,44,000.
A campaign against African immigrants in South Africa has led to deaths and mass displacement. Cultural historian Fezokuhle Mthonti explains this wave of xenophobia is well-funded, legitimized by media, and linked to state failure and a fragile national identity, distinct from past incidents.
ESMA is launching a supervisory action to review crypto custody providers' operational resilience under the MiCA framework. National authorities will assess CASPs from now until mid-2027, focusing on key management, operational risks, and compliance with new regulations.
Sales of derivative-linked securities in South Korea surged 24.1% in the first quarter compared to the previous year, reaching 19.6 trillion won ($12.9 billion). This growth is driven by investor preference for higher yields, despite the products not guaranteeing principal.
Psychologists explain that individuals who constantly offer help, often driven by insecurity to feel valuable rather than vulnerable, tend to develop shallow friendships and experience emotional burnout, as their giving prevents reciprocal relationships.
China's securities regulator fined three Hong Kong brokerages over $330 million for unauthorized overseas stock access for mainland investors. This move aims to enforce capital controls through legal channels, not discourage outbound investment, as investors were given two years to unwind positions.
