Barclays analysts still expect the Fed to cut rates once this year. "The current risk is that the Fed will not cut rates this year," they said in a client note. "To some extent, we place more emphasis on the non-benchmark scenario where interest rate hikes enter the discussion." (Jin Ten)
Robinhood, a US fintech company, is launching its US stock options trading service to UK customers and plans to expand further to tax-free accounts (ISAs) in the UK in the coming period. Jordan Sinclair, president of Robinhood UK, said customers have been clamouring for options trading since the company launched its service in the UK last year. He pointed out that options contracts that customers can trade include NVIDIA, Tesla stock options and S & P 500 index options. These transactions are st...
Ethereum ecosystem developer Nethermind client side update, World's blockchain World Chain is now supported by Nethermind. After rigorous testing, debugging and fine-tuning, optimal performance is ensured. The upcoming version will provide full support.
Coinbase says it is addressing the issue of latency experienced by customers using the Solana blockchain on Coinbase due to increased transaction activity. User funds are safe and action is currently being taken to resolve this issue as soon as possible. To get users access to funds as quickly as possible, Coinbase is processing all pending on-chain Solana sends, and funds for these transactions will be credited to your account shortly. Users can retry sending, and Coinbase wants to be able to p...
On January 16, it was reported that Upbit, the largest cryptocurrency trading platform in South Korea, received a notice of business suspension from the financial regulator for violating the customer confirmation system (KYC) and failing to fulfill its anti-money laundering obligations. According to the news from the financial industry on the 16th, the Financial Intelligence Analysis Unit (FIU) of the Financial Commission issued a pre-notice to Upbit on the 9th of this month on the content of sa...
JPMorgan's Treasury client survey showed that bears rose 6 percentage points in the week to January 6, bulls rose 8 percentage points and neutral fell 14 percentage points. The survey of all clients showed that bulls rose to their highest level since December 4, 2023, while neutral fell to its lowest level since December 4, 2023.
In response to user inquiries on the X platform, Binance Customer Support said that the Binance platform inscription market has been removed, and users can no longer buy and sell inscription assets. However, users can still view their inscription assets through Binance's inscription center and transfer them to other wallets. Users can manage related assets by clicking "View More" - "Inscription" on the Web3 page.
On November 20, the virtual asset custody platform Haru Invest was officially declared bankrupt by the Seoul Reorganization Court in South Korea on November 20 after it was suspected of cheating customers and taking away virtual assets worth about 1.40 trillion Korean won. Haru Invest's operating company, Haru Management Limited, had previously filed for bankruptcy because it could not pay its debts. The court said that although the company was registered in the British Virgin Islands, it had of...
Chat-based payments startup Felix, which allows its customers to send money internationally via WhatsApp messages, announced Wednesday that it has partnered with Zero Hash to help it leverage the speed and convenience of stablecoins when facilitating money transfers. "By embedding Zero Hash's infrastructure into Felix services, Felix is able to control the front-end customer experience," a statement said. "And Zero Hash handles the flow of funds for end-to-end technical and regulatory compliance...
Ripple Custody, a subsidiary of Ripple that focuses on client asset custody, has announced support for XRP Ledger tokenization features. According to cryptocurrency lawyer Bill Morgan, these features will also involve XRP tokens, thus increasing the adoption of digital assets. Ripple Custody confirmed in a press statement that businesses will be able to tokenize and manage a number of assets, including RWA, cryptocurrencies and fiat currencies, while also "facilitating the issuance of digital as...
Kraken's customers can now re-pledge their already-pledged ETH on the Ethereum network and receive additional rewards through projects on the decentralized financial protocol EigenLayer.
Nikolas Gierczyk, an FTX client in California, said he sold $15.90 million of his debt to Olympus Peak, a hedge fund, at a "substantial 42 per cent discount" late last year, and that FTX had won approval for a bankruptcy restructuring plan this year and expected to repay between 129 per cent and 146 per cent of his clients. Mr. Gierczyk claimed Olympus Peak owed him a larger payout because the fund was expected to earn more than $1 million from their trades. Olympus Peak, located in Greenwich, C...
After the US court approves the bankruptcy reorganization plan of FTX, FTX will distribute cash to customers and creditors. At this stage, it is working to finalize the arrangement of distributing funds to creditors in more than 200 jurisdictions around the world, and is formulating relevant agreements. It will also hire professional agencies to recover debts from customers around the world.
In April 2024, an elderly American victim was targeted by an Indian phone scam group impersonating Coinbase customer service, resulting in the theft of most of his life savings. After investigation, $275,000 was successfully recovered, which has now been seized and will be returned to the victim. The investigation revealed that the scam gang stole a total of more than 5 million dollars, laundered Ethereum and Bitcoin through centralized exchanges, and then transferred stablecoins over the counte...