Warning Savings protection Warning The AMF and the ACPR warn the public against the activities of several entities offering investments in Forex and in crypto-assets derivatives in France without being authorized to do so

1.3 Wed 30/09/2020 - 12:00 Reference texts Articles 318-44, 321-77, 321-81 and 323-39 of the General Regulation Articles 47, 48 and 92 of Delegated Regulation (EU) 231/2013 of the European Parliament and of the Council of 19 December 2012 …

Why Did Crypto Hack Losses Reach $110 Million? Crypto projects lost roughly $110 million to hacks in July, keeping cybersecurity risk high even as bug bounty programs identified more vulnerabilities before attackers could exploit them. Immunefi said confirmed and paid bug bounty reports increased 18% during the month, while researchers received $2.32 million for valid findings. The cybersecurity platform also reported that 374 threats were prevented through its bounty programs, up from 317 in June and 339 in May. The data points to a persistent gap between vulnerabilities discovered by security researchers and those found first by attackers. While bounty programs can reduce losses by rewarding researchers for responsible disclosure, the $110 million stolen during July shows that exploitable flaws remain a major cost for crypto protocols and their users. For investors, the issue goes beyond individual hacks. Security failures can drain protocol treasuries, weaken token prices, interrupt operations and force projects to reimburse users. The financial impact can therefore extend well beyond the value directly stolen. Are Audit Competitions Finding More Serious Bugs? Immunefi said its review of 1,178 tier-1 audits found a median of zero critical or high-severity vulnerabilities. It compared those results with 58 audit competitions conducted through its own platform, which identified more serious flaws per engagement. The firm said audit competitions found an average of 6.2 serious bugs per engagement, compared with 1.5 for tier-1 audits. The comparison suggests that opening code reviews to a larger pool of security researchers may uncover vulnerabilities that smaller private audit teams miss. Audit competitions generally allow multiple researchers to independently inspect a project's code and compete for rewards. That structure can expose the same codebase to different attack methods and specialist skills, potentially increasing the chances of finding complex vulnerabilities before deployment. Traditional private audits still provide value by reviewing architecture, testing implementation and giving development teams structured security feedback. The findings, however, suggest projects may benefit from combining private audits with broader bounty programs rather than treating one security review as sufficient protection. Investor Takeaway The cost difference between finding a vulnerability before and after exploitation is substantial. Projects that spend more on competitive security reviews and bug bounties may face lower financial exposure than protocols relying mainly on one-time private audits. How Much Does It Cost To Find A Critical Crypto Bug? Immunefi estimated that identifying a critical vulnerability through an audit competition cost an average of $6,548. That compared with about $66,000 through a private tier-1 audit. The financial difference becomes far larger when attackers discover vulnerabilities first. Immunefi estimated the average cost at $24.5 million when a critical weakness was exploited before security researchers identified it. That comparison changes the economics of security spending. A project may view audit fees or bounty rewards as expensive before a vulnerability is found, but those costs can be small relative to the losses from an exploit, emergency response expenses and damage to user confidence. The figures also help explain why bug bounty programs have become an important part of crypto security budgets. Paying thousands or even hundreds of thousands of dollars for a critical finding can still be cheaper than losing millions through a smart contract exploit or compromised infrastructure. What Does Rising Researcher Activity Mean For Crypto Security? Immunefi’s cumulative researcher payouts reached $143.1 million in July, up from $140.8 million in June. The increase shows that protocols continue to spend heavily on external researchers who identify vulnerabilities before they are exploited. The rise from 317 prevented threats in June to 374 in July also suggests greater researcher activity or a larger number of vulnerabilities entering bounty programs. Either explanation matters for investors because it indicates that security risk remains active even when major exploits are not dominating market headlines. Bug bounty programs can improve defenses, but they do not eliminate the need for secure development practices, internal testing and independent audits. Some vulnerabilities may also remain undiscovered until contracts are exposed to real market conditions or integrated with other protocols. The broader lesson from July is that crypto security increasingly depends on layered defenses. Projects that combine internal reviews, private audits, competitive testing and continuous bounty programs have more opportunities to identify weaknesses before attackers do. With $110 million still lost to hacks in a single month, the industry's security problem remains costly. The growing volume of confirmed bounty reports, however, shows that more vulnerabilities are being converted into researcher payouts rather than exploit losses, giving protocols a financial reason to expand defensive spending before attackers collect the larger reward.

With a hold from the RBA today priced in almost unanimously, the rate decision itself carries little market moving potential, and the real signal will come from the Statement, the accompanying Statement on Monetary Policy, and the Governor's press conference. A dissent from any of the seven non-RBA Board members in favour of tightening would be read as hawkish and could quickly reprice the timing of the next move, particularly given a meaningful minority of economists still expect further hikes rather than the cuts some major banks are pencilling in for mid 2027. Forecast revisions are likely to cut both ways, with an upgraded unemployment outlook offset by only modest inflation improvement given the minimum wage adjustment, meaning the net tone of the Statement may matter more than any single data point. A repeat of the Bank's standing warning that it remains ready to tighten further would reinforce current pricing, while any softening of that language would likely be read as a dovish shift.Earlier:RBA preview: Analysts see cash rate on hold at 4.35% TuesdayRBA preview - Westpac says soft Q2 CPI gives RBA room to hold at 4.35%Preview: RBA meet Tuesday. CBA expects RBA to hold rates through the rest of 2026MUFG opens long AUDJPY at 111.20, targets 114.50 as yen intervention debate buildsPreview: RBA to stay in pause and observe mode, TD Securities says ahead of today's decision--- The RBA hold is not in doubt today, but the forecast revisions and Board commentary will tell markets far more about where rates go next.Summary:The RBA is widely expected to leave rates on hold at today's meeting, with the decision due alongside updated forecasts in the August Statement on Monetary Policy.Since May, oil prices have eased slightly, unemployment has run higher than forecast at 4.4% in two of three months in the June quarter versus a 4.2% expectation, and Q2 trimmed mean inflation came in a little softer at 0.8% quarter on quarter.Housing turnover and prices have weakened more than expected, partly due to May budget tax changes, while construction has strengthened on the back of AI data centre investment.Key focus areas include whether any non-RBA Board members dissent in favour of a hike, how the unemployment and inflation forecasts are revised, and the tone of the Governor's decision statement and press conference.Major bank economists broadly believe rates have now peaked, with possible cuts from around mid 2027, though a sizeable group of economists still expects further tightening given persistent wage and services inflation pressure.A rate cut is not expected to be seriously considered at this meeting, with housing weakness more likely viewed as helping return inflation to target than as grounds for easing. The Reserve Bank of Australia is widely expected to leave interest rates unchanged when it hands down its decision today, a call so broadly anticipated by markets and economists that the hold itself is unlikely to move markets on its own. Attention instead is centred on the updated economic forecasts and communication that will accompany the decision.Alongside the rate call, the RBA will release fresh forecasts for growth, unemployment and inflation in its quarterly Statement on Monetary Policy. Since the Bank's previous forecasts in May, conditions have shifted in several directions. Oil prices and Middle East tensions have eased somewhat, a modest positive for the inflation outlook. Unemployment has come in higher than the RBA expected, printing at 4.4% in two of the three months of the June quarter against a prior forecast of 4.2%. Trimmed mean inflation for the quarter came in a touch softer than anticipated at 0.8%, welcome news though still a pace that would sit above target if sustained. Housing turnover and prices have also softened more than expected, partly reflecting tax changes in the May budget, while construction has found unexpected strength on the back of heavy AI data centre spending.Three things will be closely watched in today's communication. The first is whether any of the seven non-RBA Board members dissent in favour of a further rate increase, which would signal at least some members see policy as not yet sufficiently restrictive or see the timeline for returning inflation to target as having already run too long. The second is the scale of the forecast revisions, with an upward revision to unemployment expected alongside only modest improvement to the inflation outlook, since the recent 4.8% increase in the minimum award wage is expected to limit how much that forecast can improve. The third is the tone of the Governor's decision statement and subsequent press conference, where the Bank is expected to repeat its standing message that it remains prepared to raise rates further if needed to return inflation to target within a reasonable timeframe.That combination of signals has left economists split. Economists at each of the four major banks now believe the cash rate has peaked, with modest cuts possible from around the middle of 2027. A separate, sizeable group of economists continues to argue further tightening will be required, pointing to persistently low unemployment, a 4.8% minimum wage increase, broader wage growth running at 3.5% to 3.75%, and sticky services inflation as reasons the current forecast path may prove too optimistic.A rate cut is not expected to feature meaningfully in today's discussion, with housing market softness likely to be viewed by the Board as assisting the return of inflation to target rather than as a reason to ease policy. The case for holding rests on the Board having more time to assess the effects of its earlier tightening before needing to act again, a view aligned with both market pricing and the majority of economist forecasts, while the case for a further hike centres on inflation still running 0.75 to 1 percentage point above target after an already extended period above goal.Reserve Bank of Australia Governor Bullock  This article was written by Eamonn Sheridan at investinglive.com.

Valve has reportedly suffered a data leak linked to the delivery of Steam hardware in Europe. In the morning, European customers received an email from the Steam developer that the third-party company CEVA Logistics, responsible for shipping Steam hardware across Europe, was targeted in a cyberattack between July 29 and August 1, 2026. The leak has raised concerns for people who have bought devices such as the Steam Deck through the service.To deliver devices, CEVA needs customer details; thus, the attackers might have accessed a particular set of information tied to hardware orders, including full name, street address, postal code, city, country, phone number, email address linked to the Steam account, and the price of the ordered product. However, Valve assured that CEVA never had access to payment details, Steam passwords, Steam Guard codes, or any other Steam account data. So, customers can rest assured that none of them got hacked. Anyway, Valve warned customers that more phishing attempts may happen. The scammers may try email, text, or phone that references their hardware order to appear legitimate. The company is reportedly pushing CEVA for details of the attack to understand the breach's scope and method. This will help the company take necessary steps to protect customer data from further risk. How Stolen Delivery Data Can Enable ScamsA stolen delivery record can be useful to scammers. They may use real order details to make fake messages look genuine. A buyer could receive an email or text claiming that a package is delayed and asking them to pay a small fee.Another trick could involve fake tracking links. These links may lead users to a website that looks like a real delivery page. Once there, victims could be asked for card details, passwords, or other private information.Steam hardware buyers should be careful with unexpected delivery messages. It is safer to check an order through the official Steam account instead of clicking a link in a message.Also Read: OpenAI Slows Astra Development After Critical Cybersecurity ReviewWhat Buyers Should Do NowThe reported leak is a reminder that even trusted delivery networks can become targets. Buyers should watch their inboxes and phones for strange messages, especially if they recently ordered Steam hardware.Valve customers should avoid sharing payment details through links sent by unknown sources. A real order may give scammers enough information to make a fake message look convincing.Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

The Jones Act waiver extension comes after the Trump administration's latest signs of a deal to reopen the Strait of Hormuz failed to materialize.

The binance coin price just earned a stamp most tokens never receive, with S&P Dow Jones and Pantera Capital ranking BNB second by protocol revenue in a brand new eighteen token digital asset index, yet the chart cannot push past $602. The institutional validation is official. The breakout is not. While BNB grinds between its […]Read the full article on TechBullion.

TMTG said it has signed more than 10 customer agreements for Truth API, the service offering faster access to President Donald Trump's posts.

EUR/CHF is testing recent highs while Williams %R flashes overbought momentum. Will sellers step in or will the rally extend?

Sportsbook operators are trying to defend their core business by adopting the very market structure that is challenging it.Prediction markets have grown large enough that sportsbook operators now treat them as a strategic problem rather than a regulatory nuisance. Kalshi’s valuation has reportedly climbed to $22 billion after a $1 billion financing round, while Polymarket closed a round at roughly $15 billion and is reportedly discussing a valuation above $20 billion. Sportsbooks respond by entering that same exchange-style market and use prediction markets to expand distribution and protect customer relationships. What Prediction Markets Remove from Bookmaking Traditional sportsbooks do more than provide a customer interface. They price odds, manage liabilities, balance customer flows, and earn margin on the gap between stakes and payouts. DraftKings’ own filings describe sportsbook revenue through hold — the portion of handle retained after winning customers are paid. Prediction exchanges provide a venue where counterparties trade event contracts, with liquidity supplied by other users and professional market makers. The economics are more transaction-led, and outcome risk sits mainly with trading participants rather than the venue itself. The Financial Times has argued that this distinction matters because bookmaking expertise has historically been part of the sportsbook moat. Recent earnings prove the point. DraftKings reported second-quarter revenue of about $1.44 billion, with sports outcomes and promotions weighing on profitability, and Flutter lowered its guidance after unfavourable sports results. Those numbers shed some light on why a less outcome-dependent revenue stream is getting attention. Sportsbooks Take Different Routes into Exchanges DraftKings Predictions launched in December 2025 through a CFTC-registered subsidiary, giving the company access to event contracts in 38 states, including several large markets where online sports betting remains restricted. Joel Shulman, founder and CIO of ERShares and portfolio manager of the XOVR ETF, says roughly 600,000 customers have engaged with the product. Annualised prediction-market volume, meanwhile, rose from about $2.3 billion in April to $11 billion in July. DraftKings management has argued that prediction-market customers could have lifetime value comparable to sportsbook users, though the actual results are yet to be seen. Flutter is taking a related but not identical route. FanDuel Predicts launched with CME in five states ahead of a planned wider rollout, and Flutter executives have argued prediction markets can be incremental where they reach users outside conventional sportsbook availability. Flutter also says it’s already earning from prediction markets as a market maker, applying its odds-pricing infrastructure to event contracts. Sporttrade shows the response can go further than adding another product tab. The company shut down sports wagering in five states and has applied to the CFTC to become both a Designated Contract Market and a Derivatives Clearing Organisation. Validation or Self-Cannibalisation? Shulman argues that DraftKings’ own behaviour validates the category it’s trying to defend against. He says that if prediction markets were marginal to sportsbook economics, incumbents would have little reason to build exchanges, acquire infrastructure, and spend heavily on customer acquisition.XOVR has exposure to Kalshi through a special purpose vehicle and owns DraftKings stock, and Shulman is also co-founder of Signal Markets, a CFTC-regulated introducing broker in event contracts. Distribution may get users to try a product, but liquidity and product quality decide whether they stay. DraftKings and Flutter may simply be hedging against regulatory uncertainty, widening their addressable market, or testing adjacent products without touching their core sportsbooks. Still, their actions show prediction markets are being treated as a serious competitive category rather than a side bet. DraftKings and Flutter carry advantages that prediction-market startups don’t automatically inherit - brands, existing customers, product design, promotions, pricing teams, and gaming-regulatory relationships. Those assets can help them get into event contracts. Distribution can bring users into a prediction product, but liquidity, pricing, and product depth determine whether they stay. For sportsbook operators, the strategic test is whether they can add that model while keeping the economic case for traditional bookmaking clear. This article was written by Tanya Chepkova at www.financemagnates.com.

The capital package highlights the growing role of private capital in financing the costs of the artificial intelligence boom.

Across the UK, financial institutions are using machine learning models to make decisions that affec...

The order builds on the Trump administration's efforts to reshape the childhood shot schedule under HHS Secretary RFK Jr., a longtime vaccine skeptic. 

Doug Clinton, Intelligent Alpha founder and CEO, joins 'Closing Bell' to talk his outlook in Big Tech and what prompted his decision to sell Alphabet.

Trading activity fell at 45 of 51 retail brokers in the second quarter of 2026, according to FM Intelligence calculations. The median broker handled $3.06 million in monthly volume per active account, down 9.7% from the first quarter.Account growth and trading activity moved apart during the quarter. A larger client base did not reliably produce more client flow, so a rising headline account number said little about how much those clients traded.The full broker-by-broker breakdown is on the FM Intelligence DataLab portal.Axi Tops the Distribution at $10.70 MillionAxi recorded the highest per-account figure among the 51 at $10.70 million a month, up 13.5% from the first quarter. Its monthly volume fell 12.4%. Its estimated account base fell faster, by 22.8%.That combination runs through much of the ranking. A ratio can rise because volume grew, because the account count shrank, or through both, and the direction on its own says nothing about whether trading economics improved.Aggregate monthly volume on the matched account series fell 7.3% to $30.5 trillion. A separate FM Intelligence volume ranking puts the quarterly decline at 9.3%, drawing on a different set of first-quarter totals.Six Brokers Increased Activity per AccountSix of the 51 firms increased monthly volume per active account between the two quarters. In four of those cases the ratio rose while the estimated account count was falling.Only two brokers grew both active accounts and monthly volume. The rest added accounts and lost volume, held their account estimate flat, or declined on both measures.[#highlighted-links#] The equivalent first-quarter study put the median at $3.40 million across 52 brokers, with a 17-fold spread between the highest and lowest observations.The Range Between Top and Bottom Runs to 21 TimesThe weighted industry ratio, total volume divided by total active accounts, fell 7.0% to $4.12 million. That is a shallower decline than the median, because the weighted measure gives the largest firms more influence.Active accounts themselves held near 7.39 million, down 0.4% on an excluding-Japan basis. The denominator barely moved. The fall came from volume.XTB is at the low end of the range, and its figure is not directly comparable with the rest. Its estimated 851,000 active accounts include investment accounts alongside CFD accounts, after XTB moved to combined client reporting from the first quarter.Per-account figures are ratios of aggregates, not observed trading by an individual client. They shift with product mix, leverage and how each firm counts a low-frequency account.Seventeen brokers reported unchanged account estimates for the quarter. That limits how finely close rankings can be read.The calculations draw on the Quarterly Industry Report series. They cover the 51 named brokers present in both quarters and exclude the aggregated other-brokers row.The complete ranking, the quarterly gainers and decliners, and the account-versus-volume split are on the FM Intelligence DataLab portal. This article was written by Damian Chmiel at www.financemagnates.com.

Wealth management firm True Potential has partnered with financial data infrastructure firm Origo, joining the company’s Integration Hub. Joining the Integration Hub will put automated, daily investment and pension valuations directly into the existing workflows of financial advisers on True Potential’s platform. Headquartered in Newcastle upon Tyne in the UK and founded in 2007, True Potential made its Finovate debut at FinovateFall 2014. UK-based wealth management company True Potential has teamed up with Origo, a financial data infrastructure company that specializes in wealth management and pension schemes. True Potential will join the firm’s Integration Hub, giving advisers the ability to access automated, data-rich, daily valuations from multiple providers directly in their current workflows. “For today’s advisers, choosing a back-office partner is about making a decision on where they want to be in five years and how to remove some of the obstacles that stand between them and their clients,” True Potential Adviser Services CEO Gregg Lang said. “Manual valuation requests are exactly that kind of obstacle—time-consuming, error-prone, and entirely avoidable. Our partnership with Origo, along with existing processes, will give advisers even more time to focus on what they do best—giving brilliant advice—and is the latest in a series of investments True Potential has made in the tools that allow advisers to run better businesses, serve more clients and grow with confidence.” The Origo Integration Hub is a popular option for financial services providers, platforms, and adviser technology ecosystems, providing a single connection that delivers automated valuation data directly into existing workflows. By standardizing and routing everything from account opening, trading instructions and transaction histories to pension and investment valuations and remuneration data, the Integration Hub removes administrative complexity by eliminating the need for multiple point-to-point integrations. Currently live and available to True Potential’s Directly Authorized advisers, the new service can be activated on an opt-in basis by advisers at no additional cost and requiring no new processes or procedures. “Advisers should not have to contend with fragmented, manual processes to access something as fundamental as valuation data,” Origo CEO Anthony Rafferty said. “We are delighted to welcome True Potential to the Origo Integration Hub, marking another important step forward as our network grows to more than 65 connected organizations across the industry.” Founded in 1989 and headquartered in Edinburgh, Scotland, Origo helps financial services companies improve performance, become more efficient, and reduce integration costs while enhancing financial outcomes for customers. The company’s Integration Hub delivers faster connections between advisers’ software systems, platforms, and providers—which can then share data between different parties connected to the Hub. The result is improved and simplified integrations between organizations and trading partners, as well as an extended market reach that helps smaller firms compete with larger ones. Origo also offers transfer services and tracking, asset migration, and mortality screening. A Finovate alum since its debut at FinovateFall 2014, True Potential was founded in 2007. The company combines personal financial advice and leading technology to offer advisers a hybrid advice approach to helping people reach their financial goals. True Potential offers tax, savings, inheritance, and investment advice services as well as ISAs, pensions, and cash savings services. True Potential began the year with an announcement that its True Potential Investments division had appointed Amundi as a strategic investment solutions partner for its Growth-Aligned fund management team. The partnership will include the provision of bespoke index-level funds for True Potential’s Growth-Aligned fund, streamlining portfolio construction and enabling greater client transparency. “Delivering exceptional client outcomes is our number one focus, so we are always looking at how we can evolve and improve our investment strategy to deliver those outcomes,” True Potential Investments Chief Executive Officer Jeff Casson said. “This appointment is a strategic move that demonstrates our agile approach to investment management and will allow us to build on the top quartile investment performance we already deliver for our thousands of clients.” Photo by Kamil on Unsplash The post True Potential Joins Origo’s Integration Hub, Giving Advisers Greater Access to Valuation Data appeared first on Finovate.       

Revolut Bank S.A. (RBSA) has been awarded a full banking licence in France, the company announced on Monday. The move marks a major step for the fintech giant’s growth in Europe. The licence was approved after a joint review by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the European Central Bank (ECB), with final approval given by the ECB Governing Council on August 10, 2026. Revolut already has around 30 million customers across Western Europe, with almost 8 million of them joining in 2025 alone. This new licence helps cement its position as one of the region’s biggest retail banks. The company plans to invest more than €1 billion in Western Europe and create over 600 new jobs. It will also open a new regional headquarters in Paris in 2027. RBSA will begin serving customers first in France, before expanding to other countries such as Germany, Ireland, Italy, Portugal, and Spain. Meanwhile, Revolut’s existing Lithuanian entity, Revolut Bank UAB, will continue to support operations across the rest of the European Economic Area. Both entities will be supervised by the ECB, forming what Revolut calls a “dual hub” model designed for large scale growth. Nik Storonsky, Revolut’s founder and CEO, said the licence gives the company “the foundation to build the next generation of banking” for its millions of customers in Western Europe. He added that France’s strong financial industry and regulatory system make it an ideal base for future growth. With banking licences now held in both Europe and the United States, Revolut continues to expand its global reach, currently operating in 40 markets worldwide.The post Revolut Bank Receives Full Banking Licence in France first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Five spot tokenized US stocks and ETFs go live as native spot markets on HyperCore's onchain order books, with additional assets to follow. The post Payward’s xStocks goes live on Hyperliquid appeared first on FX News Group.