Class A share's first annual report in 2024 was released, and Jucan Optoelectronics' net profit in 2024 was 195.50 million yuan, an increase of 61.44% year-on-year.
New York's Department of Financial Services has issued a consumer alert warning against "sentiment-based virtual currencies," known as meme coins, highlighting their extreme volatility, lack of regulation and high risk of fraud, including "chive-cutting" schemes that suddenly drive up shipments. The department warned that these tokens are often...
TikTok leadership said in an internal memo that it plans to continue paying U.S. employees even if the U.S. Supreme Court does not overturn laws that force the sale of U.S. TikTok or ban TikTok in the U.S. TikTok has 7,000 employees in the U.S., according to market sources.
According to a public regulatory filing, the SEC has delayed the decision to apply for the conversion of the Bitwise 10 Crypto Index Fund (BITW) into an ETF until late July. This means that it will still take longer for the Bitwise ETF to be approved. In addition, Bloomberg ETF analyst James Seyffart pointed out that the next deadline for the grey release's GDLC is February 2. Delays are also expected.
Stablecoin issuer Paxos released its second USDG attestation report, which revealed that as of November 29, 2024 Singapore time, the number of tokens held by USDG contracts on the Ethereum network increased to 29,386,864, an increase of 18,636,724 from the end of October. The fair value of redeemed assets is at least equal to or greater than $29,467,869, and the number of USDG tokens does not exceed the balance of redeemed assets reported below. In addition, it is reported that USDG is a collabo...
MoonPay said in a Dec. 30 notice that the Dutch financial marekt authority has granted the cryptocurrency firm a license under the European Union Crypto Asset Market Regulation Act (MiCA) to operate as a licensed crypto business in the Netherlands.
The Federal Reserve could cut interest rates more than market expectations in 2025 as inflation falls and unemployment rises, economists at Paidenreiger Asset Management said in a note on the economic outlook. They said the Fed's preferred measure of core inflation could fall below 2 per cent sometime in 2025, while the US unemployment rate could reach 4.4 per cent or higher by the end of 2025. They also said the Fed could "easily" cut rates by more than the 20 per cent that US money markets cur...
House Republicans in the United States are looking for ways to avoid a government shutdown after their second appropriations proposal was defeated Thursday night. It is now hours away from the Friday deadline. House Speaker Johnson said earlier Friday that Republicans have reached a Plan C to avoid a government shutdown and plan to vote soon. Senate Republicans have called two proposals they witnessed in the House to fund the government through Christmas a "mess...
The team behind Meme Coin HAWK, linked to Internet celebrity Haliey Welch or "Hawk Tuah Girl", has been sued by investors for alleged violations of securities laws, according to a court filing. HAWK acted like an unregistered security, attracting first-time cryptocurrency investors who subsequently suffered "substantial losses" after the token fell, the lawsuit claims. The 12 plaintiffs who invested in HAWK, who suffered a total of $151,000 in financial losses, filed a lawsuit and asked for a ju...
A court filing revealed that a team of FTX creditors successfully recovered about $14.50 million in November through a small claims settlement, mainly from previous political donations. The recovered funds include $6 million from the House Majority PAC and $3 million from the Senate Majority PAC. In addition, the Forward Action Fund, Mindthe Gap and American Road People also returned more than $1 million each. FTX executives launched donations to nearly a third of members of Congress, and SBF hi...
Will the last blockbuster data before the Federal Reserve's annual closing meeting shake the expectation that the Federal Reserve will cut interest rates again? Investment banks said that this inflation report may confirm that the process of US inflation falling has stalled, and can the dollar index set sail again as a result?
Ahead of November's CPI data, a new report says the leadership of the US Bureau of Labor Statistics is responsible for a series of missteps this year that have put the agency under scrutiny. However, the report by a team of experts from government and the private sector says these...
Citi GPS released a report, Finance 2030, which explores the future direction of the corporate finance function. A survey found that 93 per cent of corporate treasurers surveyed believe there will be significant changes to the corporate finance function in the next three to five years, but more than half are unsure how these changes will be. The report points out that artificial intelligence (AI) and distributed ledger technology (DLT) are...
According to an S-1 filing with the Securities Exchange Commission (SEC), WisdomTree has filed an application with the SEC for the WisdomTree XRP Fund, an exchange-traded fund (ETF) that issues beneficial common shares to be listed on Cboe BZX Exchange, Inc., under the ticker symbol "TICKER." The investment objective of the trust is to obtain exposure to the XRP price, less the fees and liabilities of the trust's operations. Bank of New York Mellon ("BNYM") acts as administrator of the trust, fu...
On December 2nd, 10x Research pointed out in a report released recently that bitcoin balances on cryptocurrency exchanges have reached an all-time low, and on-chain data shows a sharp decline in the number of bitcoins available for purchase. The report said that this was in sharp contrast to the trend in late summer, when sudden inflows temporarily replenished exchange reserves.