Jeju City, the seat of South Korea’s beautiful Jeju Island, has started a strong push to take away the cryptocurrency holdings of people who are thought to be avoiding taxes. Local news outlet Newsis says that this program is in line with South Korea’s 2021 law that permits regulators to take digital assets from people who don’t pay their taxes.  The city’s tax department is going after 2,962 people who owe 19.7 billion won ($14.2 million) in taxes. They are focusing on their cryptocurrency holdings to recover the money. The effort includes looking closely at data from key South Korean cryptocurrency exchanges like Bithumb, Upbit, Coinone, and Korbit.  Authorities found 49 people who own crypto assets worth more than $166,269, which they can now take. Jeju City’s Tax Division is trying to protect these assets by calling these exchanges third-party debtors. This is to pay off the debts of those who are suspected of tax evasion. Tax Enforcement with AI The Tax Division of Jeju City is using artificial intelligence (AI) to improve its work. Hwang Tae-hoon, the head of the division, said that using AI to look at crypto transaction data is helping to find hidden tax sources. This technology allows the government to track and locate crypto assets quickly, which makes tax collection more thorough. Hwang stressed that the city is dedicated to creating a culture of honest tax payment while also generating significant tax revenue through these new ideas. Jeju’s usage of AI is part of a larger trend in South Korea, where technology is becoming increasingly integral to the rules. The island is a prominent tourist spot and has a history of supporting crypto projects. For example, in 2021, it launched non-fungible token (NFT) visitor cards and a blockchain-based COVID-19 contact tracing software. These initiatives show how Jeju has become a centre for crypto innovation, which now includes tax enforcement. The Changing Crypto Scene In South Korea The crypto industry in South Korea has experienced significant growth, with more than 16 million users, over 30% of the population, trading crypto. Events like the US presidential election in November 2024 have helped this rise. But this rise in use has happened at the same time as more regulatory scrutiny. The 2021 regulations that permit the government to seize cryptocurrencies are part of a bigger effort to crack down on tax evaders. In 2021 and 2022, the government took $180 million in cryptocurrencies from tax evaders. Other cities, such as Paju and Seoul, have also gone after crypto assets to recoup back taxes. In 2021, Seoul alone took $22 million. This project is happening at a time when South Korea’s rules are changing. Recent events include talks about stablecoin issuance and Bitcoin ETFs, as well as suggestions to let crypto companies qualify as venture businesses, which would provide them access to capital and tax incentives. But there are also problems, such as worries about market manipulation and the inability to follow the rules, as shown by the recent sanctions against Upbit. Risks for Investors Jeju’s crackdown is meant to make sure that people pay their taxes, but it also shows how risky it is to store crypto in a place where the rules are strict. If investors are discovered to be delinquent, their assets could be seized, which shows how important it is to be open and follow the rules. As South Korea works on its crypto rules, it will be essential to find a balance between allowing new ideas and maintaining existing regulations.

The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on whether to approve an exchange-traded fund tied to Bitcoin and Ethereum proposed by Truth Social, the social media platform operated by Trump Media & Technology Group. In a filing on Monday, the SEC designated Oct. 8 as the next deadline for the Truth Social Bitcoin and Ethereum ETF. The regulator said the extension was needed to give the agency “sufficient time to consider the proposed rule change and the issues raised therein.” Such delays are common, as the SEC reviews a growing slate of crypto-related ETF applications. Alongside the Truth Social delay, the SEC also postponed decisions on several other digital asset products, including the CoinShares Litecoin ETF, CoinShares XRP ETF, and 21Shares Core XRP ETF, pushing their deadlines to later in October. Additional deferrals were filed for the Canary XRP Trust, Grayscale XRP Trust, and a proposal to permit staking within the 21Shares Core Ethereum ETF. Truth Social first submitted its ETF application in June. The filing has so far drawn limited public comment, though one submission urged the SEC to deny approval, citing concerns about former President Donald Trump’s direct involvement in crypto ventures. Trump and his family have launched several projects in the sector, including the World Liberty Financial DeFi initiative and tokens branded under the TRUMP and MELANIA names. “If the SEC votes to approve the launch, it will put doubts into the minds of Americans and potentially undermine confidence in the markets and the agency itself,” said Caroline Ciccone, president of nonprofit watchdog Accountable.US. The ETF push reflects a shift in the SEC’s approach to digital assets since Trump returned to the White House. In July, under new leadership, the Commission approved rule changes to allow in-kind creations and redemptions by authorized participants for crypto ETFs. It has also opened the door to applications for spot Bitcoin and Ethereum ETFs, as well as options tied to certain spot Bitcoin products. During the prior administration, the SEC moved cautiously, only approving spot Bitcoin and Ethereum ETFs in 2024 after a pivotal court ruling forced a policy change. Truth Social’s filing marks a rare foray by a social media company into the ETF market — and one that ties directly to Trump’s growing influence in the digital asset space. The SEC now faces mounting political and market scrutiny as it weighs whether the platform’s crypto fund will proceed.

AMINA Bank AG has announced that Michael Benz will head its Hong Kong office and oversee growth across the Asia-Pacific region. The Swiss Financial Market Supervisory Authority-regulated crypto bank recorded 69 percent revenue growth in 2024, reaching $40.4 million, and now seeks to build on this momentum in Asia. Benz spent more than three decades in senior leadership roles, including Global Head of Private Banking at Standard Chartered, CEO of Merrill Lynch Wealth Management Asia, and Head of Product and Services at UBS Wealth Management APAC. He will report directly to Franz Bergmueller, CEO of AMINA Bank. “Michael’s expertise in both traditional finance and crypto makes him the ideal leader” Franz Bergmueller, CEO of AMINA Bank, commented, “Michael’s expertise in both traditional finance and crypto makes him the ideal leader to continue our expansion across Asia. His exceptional network and deep understanding of client needs will allow us to continue evolving our crypto products and capabilities. Michael’s leadership ensures that we can deliver the comprehensive, regulated crypto services that our sophisticated clients demand in the region.” Hong Kong has recently advanced its regulatory environment for digital assets with the rollout of the Securities and Futures Commission’s ASPIRe roadmap, the Hong Kong Monetary Authority’s stablecoin licensing framework effective August 1, and the government’s Digital Asset Policy 2.0. These steps have opened the door to wider institutional adoption of crypto services in the market. Benz said, “My two decades in Asia have shown me that Hong Kong uniquely prioritises practical business adoption in a regulated environment, and crypto technology is no exception. This creates an extraordinary opportunity for institutions, corporates, and professional investors exploring this new asset class. What drew me to AMINA is their distinctive approach, combining regulatory excellence and rigor with Hong Kong market access to deliver crypto solutions that clients can trust. I look forward to contributing to AMINA’s journey as we shape the future of financial services in Hong Kong and beyond.” AMINA Bank intends to accelerate its APAC expansion with new strategic partnerships in Hong Kong and technology platform upgrades scheduled for the second half of 2025. The bank said these developments will strengthen its role as an infrastructure provider for institutional adoption of crypto banking services.

FPFX Tech, a leading prop trading technology provider in the world, was honored with  all three prop trading technology awards  at the FinanceFeeds Awards 2025. Specifically, FPFX Tech received awards  in the following categories: Outstanding Fintech Service Provider, Most Innovative Fintech Provider, and Most Reliable Fintech Provider. Founded in 2020, FPFX Tech has quickly become the go-to tech provider in the retail prop trading space. The company has launched  over 150 prop trading firms in FX/CFDs, Futures and Crypto by streamlining operations through end-to-end-automation and real time risk management solutions .  The company’s Prop Trading Tech Kit offers full automation tailored for prop trading firms,  covering  everything from customized trading plans and automated account creation to risk oversight, live liquidations, real-time streaming, and trading competitions. Licensees  also get access to a branded trader dashboard, a full-featured admin CRM portal, and multilingual support among other features. On the operational front, FPFX integrates natively with platforms like MT4/5, DXtrade, cTrader, MatchTrader, Rithmic and ProjectX,  along with major payment gateways and bridge and liquidity providers and other third party vendors  — making it easy for prop firms to scale with ease. Currently supporting over 2 million traders and 10 million accounts, FPFX Tech helps prop firms grow faster, eliminate  manual tasks, and boost operational efficiency. By automating complex workflows, prop firms can reduce overhead and focus more on growing their business than managing internal workflows and user journeys . The FPFX Tech Prop Trading Kit  is widely trusted across the industry and it is the engine behind many of the world’s largest and most successful prop firms. “We’re honored to be recognized by FinanceFeeds —it really validates the work our team puts in every day to make our Prop Trading Tech Kit the best possible solution for prop firm operators. At FPFX, we don’t chase headlines—we focus on building systems that actually hold up under pressure and help our partners grow,” said Justin Hertzberg , CEO  at FPFX Technologies. FPFX Tech’s sweep of awards for prop tech providers  says a lot about its unwavering commitment to scalability, sustainability and reliability.. By focusing on delivering technology solutions that meet the rapidly evolving needs of prop firm operators and their traders, FPFX Tech is also delivering the trust that prop traders so desperately seek with their prop firms. . The “Outstanding Fintech Service Provider” award comes down to the overall user experience. The service side feels like it’s been well thought out—responsive support, a clean API structure, solid uptime. Basically, the basics done right, which in fintech, is rare enough to stand out. As for “Most Innovative Fintech Provider”, it probably wasn’t about launching features for the sake of it. FPFX has found smart ways to improve things like trade processing, client onboarding, or risk analytics—stuff that actually makes fintech more efficient, not just trendier. The kind of innovation that makes the backend smoother without the user even realizing how much work went into it. “Most Reliable Fintech Provider” might be the most telling one of all. Reliability is everything in fintech and FPFX clearly puts effort into stability, uptime, and keeping things running smoothly under pressure—especially when markets go volatile or volumes spike.  Put it all together, this year’s triple award highlights FPFX’s continued role as the leading  technology partner powering proprietary trading platforms worldwide.  Built to Scale and Built to Last  Over the past year, FPFX Tech  has supported dozens of independent prop firm operators and regulated brokers entering the prop trading space —by delivering scalable, secure, and deeply customizable solutions. Its ability to balance technical flexibility with reliability has been instrumental in helping both startups and mature operators launch and grow their offerings without the need for internal development teams. . “FPFX Tech stood out by doing the hard things well—delivering real innovation without breaking reliability, and supporting firms of all sizes with tools that just work. From backend automation to risk management and platform stability, they’ve quietly become one of the most dependable tech partners in the space. That’s why FPFX Tech earned not one, but three awards in 2025,” added FinanceFeeds EIC, Nikolai Isayev. In the FinanceFeeds evaluation process, FPFX Tech ranked highly in both quantitative and qualitative assessments of reliability, including long-term partner retention and technical support responsiveness. The company also stood out for its operational dependability. Uptime records, platform stability under load, and partner feedback all pointed to a consistent delivery of service, even during periods of heightened trading activity or onboarding surges.

Given the bearish sentiment seen across the cryptocurrency markets today, Bitcoin Cash cryptocurrency can be expected to fall to the next round support level 500.00 (which stopped the earlier minor correction ii).   Bitcoin Cash reversed from resistance zone Likely to fall to support level 500.00 Bitcoin Cash cryptocurrency recently reversed down from the resistance zone between the strong resistance level 625.00 (which stopped the earlier sharp weekly impulse wave (C)at the end of 2024, as can be seen from the weekly Solana chart below) and the upper weekly Bollinger Band. The downward reversal from this resistance zone formed the weekly Japanese candlesticks reversal pattern Shooting Star (which stopped the previous impulse waves i, C and (E)). Given the strength of the resistance level 625.00, overbought weekly Stochastic and the bearish sentiment seen across the cryptocurrency markets today, Bitcoin Cash cryptocurrency can be expected to fall to the next round support level 500.00 (which stopped the earlier minor correction ii). Bitcoin Cash Technical Analysis The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.

The Securities and Exchange Commission has charged Ryan Wear, a Washington state resident, and his companies Water Station Management LLC and Creative Technologies, Inc., with operating two related schemes that raised more than $275 million from over 250 investors between 2016 and 2024. In a separate action, the SEC also filed charges against portfolio manager Jordan Chirico of Indiana, alleging he failed to act in his client’s best interests while directing investments into the fraudulent scheme. Ponzi Scheme Tied to Water Machine Business According to the SEC’s complaint, Wear and his entities raised more than $165 million from retail investors, including veterans, through investment contracts tied to water machines that were supposed to generate revenue. Thousands of machines did not exist or had already been sold to other investors. A second scheme between 2022 and 2024 raised over $110 million from institutional investors through the issuance of notes allegedly secured by water machines, which in many cases were also fabricated. The SEC alleged that over $60 million was misappropriated for Ponzi-like payments and to finance Wear’s other ventures, including Refreshing USA, LLC and Ideal Property Investments LLC. Corey Schuster, Chief of the Division of Enforcement’s Asset Management Unit, commented, “Wear’s alleged scheme spanned more than seven years and ensnared hundreds of investors, including veterans who were solicited with higher guaranteed returns and exclusive financing options. Furthermore, it is fundamental to the advisory relationship that investment advisers like Mr. Chirico act in their clients’ best interests and disclose all material conflicts of interest. As alleged, Mr. Chirico failed to do so here while increasing his fund client’s investments in Water Station in the face of red flags.” The SEC’s complaint against Chirico alleges that he violated fiduciary duties to his private fund client by causing it to purchase Water Station notes without disclosing his personal stake in the business. The regulator also alleged Chirico failed to protect client interests when he expanded the fund’s exposure to Water Station despite indications that the collateral backing the notes may have been falsified. The Commission filed its complaints in the U.S. District Court for the Southern District of New York. It seeks injunctive relief, civil penalties, disgorgement of ill-gotten gains, and an officer and director bar against Wear. In parallel, the U.S. Attorney’s Office for the Southern District of New York announced criminal charges against both Wear and Chirico. Federal authorities including the FBI, IRS Criminal Investigation, U.S. Postal Inspection Service, SBA Office of Inspector General, FDIC Office of Inspector General, and Washington State Department of Financial Institutions assisted in the case.

The U.S. Department of Justice announced the seizure of more than $2.8 million in cryptocurrency, $70,000 in cash, and a luxury vehicle following the unsealing of six warrants in federal courts in Virginia, California, and Texas. The assets were allegedly tied to ransomware proceeds laundered by Ianis Aleksandrovich Antropenko, who faces charges in the Northern District of Texas. According to the indictment, Antropenko and his coconspirators deployed Zeppelin ransomware to infiltrate victims’ systems, encrypt data, and exfiltrate information. They then demanded ransom payments in exchange for decrypting files, withholding publication, or deleting stolen data. Victims included individuals, businesses, and organizations both in the United States and abroad. Ianis Aleksandrovich Antropenko faces charges in Texas The warrants allege that Antropenko laundered ransomware proceeds through various channels, including the use of ChipMixer, a cryptocurrency mixing service dismantled in 2023 in an international enforcement action. Prosecutors said he also converted cryptocurrency into cash and deposited the proceeds in structured amounts to avoid detection. Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division, Acting U.S. Attorney Nancy Larson for the Northern District of Texas, FBI Norfolk Special Agent in Charge Dominique Evans, and FBI Dallas Special Agent in Charge R. Joseph Rothrock jointly announced the seizures. The FBI’s Dallas and Norfolk Field Offices, along with the bureau’s Virtual Assets Unit, are leading the investigation. Trial Attorney Benjamin Bleiberg of the Computer Crime and Intellectual Property Section (CCIPS) and Assistant U.S. Attorney Jongwoo “Daniel” Chung for the Northern District of Texas are prosecuting the case. Assistant U.S. Attorney Elyse Lyons is supporting forfeiture proceedings, with additional contributions from prosecutors in the Eastern District of Virginia. The Justice Department highlighted CCIPS’s broader record of cybercrime enforcement. Since 2020, the section has secured more than 180 convictions, recovered over $350 million for victims, and disrupted ransomware groups before they could collect more than $200 million in ransom demands. DoJ also charged BlackSuit ransomware gang U.S. authorities and international law enforcement carried out Operation Checkmate, targeting the BlackSuit ransomware gang, in late July 2025. This gang, which is linked to Russia and is a successor of the Conti and Royal ransomware operations, has been a constant danger to critical infrastructure since 2022. The operation took down four servers, nine domains, and almost $1.09 million in cryptocurrencies, making it harder for the group to use dark websites to extort victims. In the U.S. alone, BlackSuit has attacked more than 450 businesses, mainly in the healthcare, education, government, and manufacturing sectors. The group employs double-extortion tactics, encrypting victims’ PCs and threatening to reveal stolen data unless they pay ransoms, typically in Bitcoin. BlackSuit has extorted more than $370 million since 2022, with individual demands ranging from $1 million to an unbelievable $60 million. Their attacks have put public safety and economic stability at serious risk, which is why law enforcement has taken decisive action. The U.S. Department of Justice (DOJ), which was responsible for the operation, took $1,091,453 worth of cryptocurrencies on January 9, 2024. A lot of it came from a 2023 case in which a victim paid 49.3 BTC, which was worth $1.4 million at the time, to decode their data.

Crypto.com announced a new partnership with the VeChain Foundation that will see the digital asset custodian offer secure custody for VeChain’s native tokens, VET and VTHO, on its institutional-grade platform. The partnership broadens institutional access to the VeChainThor blockchain, a public network that drives transparent information sharing, efficient collaboration, and rapid, high-velocity value transactions across both B2B and B2C use cases. Crypto.com Custody provides a fully integrated, end-to-end custody solution for qualified institutions and high-net-worth clients, safeguarded by rigorous security, comprehensive compliance, and uncompromised safety. As a result of the integration, institutions can now safeguard, administer, and conduct transactions with VET and VTHO within Crypto.com’s regulated custody platform. By combining multi-user account access controls, customizable governance workflows, and insured asset protection, the service meets the rising demand for blockchain infrastructure that is cost-effective, scalable, and fully compliant. “Digital asset institutions require a custodial solution that provides the best possible service from both a security and liquidity perspective,” said Eric Anziani, President and COO of Crypto.com. “That is what we have focused on building at Crypto.com, and we are honored to support the VeChain Foundation by enabling custody for their native assets.” The blockchain’s dual-token architecture, together with its recent network enhancements. The VeChainThor blockchain runs on a distinctive dual-token model. VET operates as the network’s primary vehicle for value transfer, while VTHO is devoted to funding gas fees for transactions and smart-contract operations. The architecture keeps transaction fees steady even amid periods of elevated volatility. In 2024, the blockchain rolled out dynamic gas fees based on a creation inspired by Ethereum’s EIP-1559. By harmonizing demand with transaction fees, the mechanism improves security and fortifies the protocol’s tokenomics by hastening the deflation of VTHO supply. “Crypto.com is well established as a leading exchange in the crypto market, and stands at the forefront of mainstream adoption,” said Sunny Lu, VeChain CEO. “Through this new partnership, we can confidently accelerate our institutional and mainstream adoption strategies using Crypto.com’s world-leading custody services, supported by their robust infrastructure.” Institutional advantages, paired with over-the-counter (OTC) trading facilities. In addition to the secure custody service, Crypto.com will likewise extend OTC (over-the-counter) trading support for VeChain assets. This broadens the range of opportunities for institutions in pursuit of deep liquidity and efficient execution that extend past the boundaries of conventional exchange order books. About Crypto.com Established in 2016, Crypto.com now delivers its services to over 150 million users worldwide and is recognized as a frontrunner in regulatory compliance, bolstered security, and rigorous privacy. Acting on its vision “Cryptocurrency in Every Wallet”, Crypto.com is dedicated to accelerating mainstream digital-asset adoption through innovation while empowering developers, entrepreneurs, and creators to build a more equitable digital ecosystem. Find out more at crypto.com. About VeChain Founded in 2015, VeChain rolled out the VeChainThor blockchain—a high-throughput, adoption-centric platform that enables businesses and developers to create Web3 applications with minimal technical expertise. VeChain has collaborated with leading entities—among them the UFC, BCG, and Walmart China—and continues to drive the adoption of blockchain in practical, real-world settings. Vechain’s VeBetter platform propels a retail-centric strategy, providing an app ecosystem that incentivizes users for engaging in sustainable lifestyle actions. To date, VeChain’s network has amassed more than 4 million active users across its VeBetter-enabled applications, prompting the on-chain registration of more than 30 million sustainability actions. For more on grants, resources, and other information, please visit vechain.org.

Plum, the smart money app, has introduced a new Sunny Day Rule that automatically sets money aside for users whenever the app records sunny weather in their registered location. The feature builds on the company’s existing Rainy Day Rule and is designed to help people develop consistent saving habits. The Sunny Day Rule includes five different savings levels: Shady Spot (£1), Sunny Side Up (£2), Summer’s Here (£5), Beach Day (£10), and Blazing Hot (£20). Based on last year’s 103 sunny days, a user activating the Summer’s Here setting could save about £519 in a year, while those opting for the Blazing Hot mode could set aside up to £2,078. “Inspired by our popular Rainy Day Rule savings automation” Plum said its automated rules are central to how the app helps more than 2 million users save, invest, and manage their money. Other rules include the Naughty Rule, which sets aside money whenever a user shops at designated retailers, the 1p Challenge, which gradually builds up to £667 a year, and the 52-week challenge, which grows to £1,378 in a year. Nivedhitha Selvam, Senior Product Manager of Automations at Plum, commented, “Saving can often feel like an uphill struggle, especially at the moment, with cost of living challenges including rising utility bills, housing payments and council tax costs. That’s why many of our users find automation helpful when it comes to meeting their savings goals so they don’t have to actively do it themselves. Inspired by our popular Rainy Day Rule savings automation, our new Sunny Day Rule is brilliant for people who feel like they’re behind on saving and want to make their finances brighter! The new automated feature allows users to save each time the sun shines, without having to remember they’re doing it. Over the course of a few months, you’d be shocked at just how much you can save by setting a little money aside, but frequently thanks to this new automation.” Plum secured £15 million in debt financing Plum recently secured £15 million in debt financing from BBVA to fuel its European growth and product development efforts. The deal marks the global financial group’s first venture financing transaction in the UK and reflects BBVA’s increased strategic interest in the region’s fintech sector. The funding follows a year of rapid expansion and product delivery for Plum, including the launch of exchange-traded funds in the EU and Cash ISAs in the UK. The company also accelerated its acquisition strategy and developed new artificial intelligence tools to improve financial decision-making for users. The fintech now serves over 2 million users and has helped set aside more than £5 billion in savings. Plum’s revenue has grown more than fourfold over the past three years, and the firm is targeting operational profitability in 2025. The venture debt facility will support Plum’s strategic roadmap, which includes refining its current product suite, launching new features, and scaling its app across Europe. The company plans to enhance customer experience through end-to-end improvements and increase investment in marketing. BBVA’s investment in Plum follows its recent strategic expansion in Europe, including the establishment of a new venture lending team in London. The bank has committed nearly €600 million in credit across markets such as Spain, Mexico, Colombia, and Argentina, supporting over 1,500 startups and scale-ups. Plum’s backers also include Eurobank, dmg ventures, Global Brain, and Venture Friends. The latest funding round strengthens the fintech’s ability to compete in the crowded personal finance and wealth management sector, particularly as AI-driven services reshape user expectations in digital banking.

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near-term outlook.  Highlights of the week: Canadian inflation, British inflation, FOMC minutes Tuesday Canadian Inflation rate at 12:30 PM GMT. The anticipation is for an increase of around 0.1%, reaching 2%. If these anticipations become reality, then the loonie might see some short-term gains against its pairs.  Japanese Balance of trade at 11:50 PM GMT: Expectations are for an increase from ¥ 153.10 billion to ¥196.2 billion for July. If the expectations are correct, then the yen could face some support against the currencies traded against it.  Wednesday British Inflation rate at 06:00 AM GMT: The figure for the month of July is expected to increase from 3.6% to 3.7%. If this is confirmed, then the pound might witness some short-term gains against other currencies. FOMC Minutes at 18:00 GMT, where investors and traders will be paying close attention to any hints from the Federal Reserve regarding future developments on monetary policy. According to the Fedwatch tool, the possibilities of cutting rates went up and are now around 85%.  Thursday Japanese inflation will be released at 11:30 PM GMT. Market participants expect the rate to remain stable at 3.3%, while any surprise in the publication might create some volatility in the Yen pairs.  Friday Fed chair Jerome Powell will be giving a speech about the economic outlook at the Jackson Hole symposium in Wyoming this Friday, around 14:00 GMT. This year’s conference, titled “Labor Markets in Transition,” will focus on structural forces such as demographics, productivity, and immigration that are reshaping the U.S. job market and the broader economy. USOIL, daily Oil prices edged higher as markets focused on Trump’s meeting with Zelenskiy, where the U.S. president is pressuring Ukraine to strike a peace deal with Russia that could involve ceding territory. European leaders are joining the talks, but U.S. officials stressed a settlement is still far off despite some progress. Trump has hinted at security guarantees and threatened new measures against Russia and its oil buyers if no ceasefire is reached, though he is delaying further tariffs on China. India has already been hit with penalties for purchasing Russian crude. Overall, the uncertainty around peace negotiations, trade tensions, and OPEC+ supply increases has kept oil trading range-bound, with futures still down over 10% this year.  On the technical side, the price of crude oil is currently testing the low of early June. The Stochastic oscillator has been in extreme oversold levels for almost two consecutive weeks and could possibly hint at a bullish correction in the upcoming sessions. Despite the medium-term bearish image on the daily chart, the moving averages are still validating an overall bullish trend in the market. If the current bearish momentum projects further, then the first area of major technical support could be found around the $60, which is made up of the psychological support of the round number, the 78.6% of the weekly Fibonacci retracement level, and the lower band of the Bollinger Bands.  Gold-dollar, daily Gold steadied after last week’s decline, inching up 0.1% as focus shifted to Trump’s talks with European leaders and Zelensky on a possible Russia-Ukraine peace deal. Prices have been range-bound between $3,330 and $3,350, with gains capped by higher Treasury yields but supported by a softer dollar. Investors are also watching Fed signals at Jackson Hole amid mixed U.S. data—strong retail sales, weaker industrial output, and rising inflation expectations.  From a technical point of view, the price of gold has found sufficient support on the 61.8% of the daily Fibonacci retracement level and has corrected to the upside since. The recent selloff has pushed the Stochastic oscillator back to neutral levels while the moving averages are still validating an overall bullish trend. If the bullish correction extends in the short term, then the first major technical resistance area might be seen around $3,380, which is the psychological resistance of the round number as well as the 23.6% of the daily Fibonacci retracement.  Disclaimer: The opinions in this article are personal to the writer and do not reflect those of Exness or Finance Feeds.

In our earlier analysis of the US Dollar Index (DXY), we: → identified a descending channel (marked in red), shaped by a series of lower highs and lower lows; → projected that price could drift toward the channel’s median line. As of 18 August, the DXY is trading near this median line and is currently forming a contracting triangle pattern (highlighted in blue). Meanwhile, the RSI remains anchored close to the neutral 50 level, suggesting an overall balance between buying and selling forces in the market. This equilibrium, however, may soon be disrupted by key developments:  → Later today, high-level discussions at the White House involving Donald Trump, Volodymyr Zelenskyy, and European leaders will center on the ongoing conflict in Ukraine. The talks are expected to shed light on geopolitical risks and may provide additional context following the Trump–Putin meeting held on 15 August.  → On Wednesday at 21:00 GMT+3, the release of the FOMC minutes will be closely monitored by traders. Investors will seek insights regarding the probability of a rate cut in September, especially in light of last Thursday’s stronger-than-anticipated Producer Price Index (PPI) data, which some market participants view as a sign of potential inflationary pressures linked to new trade tariffs. Given these developments, traders should brace for potential volatility, with price swings possible in either direction. For this week, the primary scenario remains a test of one of the quarter lines (QL or QH) within the established channel. This would align with the broader US dollar weakening trend that has been unfolding since January 2025. However, a decisive breakout beyond either the QL or QH, combined with a sustained move away from the channel’s median line, would indicate a meaningful change in sentiment and open the door for a more directional move that breaks beyond the current consolidation structure. FXOpen offers spreads from 0.0 pips and commissions from $1.50 per lot. Enjoy trading on MT4, MT5, TickTrader or TradingView trading platforms! The FXOpen App is a dedicated mobile application designed to give traders full control of their accounts anytime, anywhere. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Disclaimer: This sponsored market analysis is provided for informational purposes only. We have not independently verified its content and do not bear any responsibility for any information or description of services that it may contain. Information contained in this post is not advice nor a recommendation and thus should not be treated as such. We strongly recommend that you seek independent financial advice from a qualified and regulated professional, before participating or investing in any financial activities or services. Please also read and review our full disclaimer.

Standard Chartered has launched direct custody services in Egypt, extending its post-trade network across the Middle East and North Africa. The rollout follows the bank’s earlier introduction of custody services in Saudi Arabia this year and reflects its strategy to strengthen its presence in high-growth markets. Through Standard Chartered Bank Egypt, institutional clients will gain access to safekeeping, settlement, and corporate action services for equities, treasury bills, government bonds, and corporate bonds. The services can be accessed via multiple channels, including the bank’s Straight2Bank platform. “Egypt is a vital market for us, not only as a new BRICS member” Mohammed Gad, Chief Executive Officer of Standard Chartered Egypt, said, “This launch represents a key milestone in our efforts to strengthen Egypt’s financial infrastructure and expand investor access to the region. Egypt is a vital market for us, not only as a new BRICS member, but as a rising investment hub linking Africa, the Gulf and beyond. By introducing direct custody services from day one, we are providing our institutional clients with greater speed, transparency, and operational efficiency. Backed by our global platform and deep local expertise, this offering will help unlock capital flows into Egypt and support the growth of a more resilient, connected capital market.” The new service is fully licensed by the Financial Regulatory Authority and approved by the Central Bank of Egypt. It aligns with Egypt’s plans to modernize its financial infrastructure, diversify sources of capital, and attract foreign investment under Vision 2030. Scott Dickinson, Regional Head of Financing and Securities Services AME, commented, “Standard Chartered’s expanding custody footprint across the region underlines its commitment to supporting capital markets in key emerging economies. By improving investor access, raising service standards, and helping to attract long-term capital, the Bank continues to play a leading role in connecting global investment to opportunity across the MENA region.” Standard Chartered said the move responds to growing demand from investors across Asia, the Gulf, and Africa for institutional-grade post-trade infrastructure in Egypt. Standard Chartered launched digital assets trading service for institutional clients Standard Chartered recently launched a fully integrated digital assets trading service for institutional clients, marking a new phase in its expansion into digital finance. The new service offers deliverable spot trading for Bitcoin and Ether through its UK branch, with plans to introduce non-deliverable forwards in the near future. The bank’s move follows the earlier rollout of its digital assets custody service and positions it as the first global systemically important bank to provide spot cryptoasset trading for institutions. The service targets corporate clients, asset managers, and institutional investors, and integrates directly with Standard Chartered’s existing trading platforms, allowing access via traditional FX interfaces. Clients can settle trades through a custodian of their choice, including Standard Chartered’s own custody solution. The bank emphasized that the offering operates under its FCA registration as a cryptoasset service provider and benefits from its institutional-grade risk management systems and balance sheet strength. The new trading service forms part of the bank’s broader strategy for digital assets. Standard Chartered now offers digital assets custody and trading under its Corporate and Investment Bank, as well as through its ventures Zodia Custody, Zodia Markets, and Libeara, which provides digital asset tokenisation services. The bank said the regulated nature of the offering helps address many of the entry barriers that institutional clients face when considering crypto markets, especially around trust, security, and operational efficiency.

Solana reported that SOL reached a new all-time high of 107,664 transactions per second (TPS) in one block on Sunday, according to Solana Floor data. This milestone set the highest throughput ever measured on the network.  JUST IN: @Solana hit a new all-time high with a max recorded TPS of 107,664 in a single block, setting the highest throughput ever measured on the network. pic.twitter.com/uvnPJssUhs — SolanaFloor (@SolanaFloor) August 17, 2025 The spike in Solana’s TPS highlights the network’s scalability and technical ability to handle surges in activity, which is crucial for developers and investors seeking utility, mass adoption, and a long-term bullish outlook for Solana’s native token, SOL. According to Mert Mumtaz, the co-founder of the Solana developer tooling firm Helius, Solana has become the “first major blockchain” to record 100,000 transactions per second (TPS) on its mainnet.  He shared that a Solana block late on Sunday saw 43,016 successful transactions and 50 failed ones, claiming the total TPS reached 107,540. Most transactions in this record-setting block were achieved under a high load of program call transactions, also called “noop” program calls. As a result, these boosted calls that were recorded do not directly affect the network’s daily payment or utility and aren’t indicative of the typical network workload The event highlights Solana’s ability to absorb heavy loads; meanwhile, actual transaction processing, critical for real-world performance, remains much lower. Solana’s Actual TPS Averages Near 1,050 While the announcement of Solana’s network theoretical TPS milestone is impressive, real-time blockchain data suggest more modest activity. Data from Solscan places Solana’s current TPS at about 3,600, while Chainspect reports an even smaller number at roughly 1,030 tx/s. Solana Real-time TPS –  Chainspect These blockchain figures reflect active usage, not artificial spikes caused by program call clusters or stress tests. Most of the reported throughput can be attributed to voting transactions submitted by network validators to secure consensus and does not reflect user-driven actions like transfers or smart contract executions. The distinction is that while TPS headlining is common, the best way to evaluate a solid network capacity, particularly for regular transactions, is through non-voting activity. This is why experts note that this disconnect between peak and average throughput is typical for proof-of-stake blockchains.  Understanding the difference between these metrics and the driving force behind the headline TPS helps to put Solana’s actual readiness for dApp growth and user adoption into a much clearer context. Solana’s Key Drivers: DeFi Momentum and Memecoin Surge Solana’s network activity is also heavily influenced by the memecoin sector. Platforms such as Pump.fun now account for 62% of total value locked (TVL), according to Solscan data. This concentration highlights the market’s appetite for high-risk, rapid-trade assets, driving traffic and network volume. According to DefiLlama, the total value locked on Solana’s DeFi applications hit $10.7 billion — just shy of its January peak — showing resilience despite crypto market fluctuations. This steady TVL signals that developers and users remain engaged, even as volatility tests broader market confidence. Safe to say that robust USDC activity and rising TVL continue to support Solana’s status as a leading DeFi and crypto trading venue. However, sustainable growth will hinge on real network utility driven by everyday transactions and DeFi engagement.

ComplyControl has introduced a new program called SafeStart, offering early-stage fintechs in the UK and EU access to its AI-powered compliance tools at no cost for their first year. The initiative is designed to reduce the operational and financial pressures of regulatory compliance for startups, while supporting scalable growth and trust-building from day one. The London-based compliance technology provider said the SafeStart program provides startups with free access to its full suite of tools for up to 50,000 transactions per month. These tools include real-time transaction monitoring, AI-powered anti-money laundering and counter-terrorism financing detection, sanctions screening, and policy gap analysis. Small businesses spend significantly more per employee on compliance than large enterprises “The field of compliance grows perpetually more complex every day, making it a major roadblock for many fintechs who are just taking their first steps towards growth. With ComplyControl SafeStart, we want to remove that burden and let startups focus on building great products while we take care of the compliance side of things,” said Roman Eloshvili, Founder of ComplyControl. Data shows small businesses spend significantly more per employee on compliance than large enterprises, with the average cost reaching $7,000 annually. For startups operating with limited capital, these expenses can be prohibitive, yet skipping compliance often leads to even greater risks, including fines, investor hesitation, and failed partnerships. To help mitigate this risk, ComplyControl SafeStart offers 12 months of usage with no restricted features or hidden charges, enabling participants to fully integrate and test the platform without immediate commercial pressure. The program also includes unlimited no-code rule creation, allowing companies to configure the system rapidly, along with early access to new features and expert guidance from the ComplyControl team. The company emphasized that SafeStart participants will be using the same compliance infrastructure already deployed by banks and regulated financial institutions. Its AI engine enables transaction screening in under five seconds and reduces false positives by up to 80%, while maintaining explainability and usability. ComplyControl also highlighted its role as a hands-on partner in the compliance process. Startups enrolled in SafeStart receive ongoing mentoring, implementation support, and direct access to compliance specialists throughout the onboarding period. By removing the cost and complexity barriers typically associated with compliance technology, ComplyControl aims to help newer fintechs operate with the same confidence and efficiency as more mature players in the space.

eToro has announced a multi-year agreement to become the Official Trading Partner of Nottingham Forest FC for the 2025/26 season, covering both the Men’s and Women’s teams. The trading and investment platform said the partnership builds on its existing sponsorships with Crystal Palace, Everton, and West Ham United. The deal is tied to eToro’s Loud Investing campaign, an initiative aimed at reducing the gender investment gap by making investing more visible and relatable. “Football shapes culture, sparks conversation and brings people together” Stephanie Wilks-Wiffen, Director of Marketing at eToro, commented, “Football shapes culture, sparks conversation and brings people together, which is exactly what we need to make investing feel open and relatable. By supporting both Nottingham Forest’s Men’s and Women’s teams, we’re doubling down on our commitment to close the gender gap, in both the finance and sports spaces.” As part of the sponsorship, eToro’s branding will appear across the City Ground, including on pitch-side LED boards, stadium screens, and interview backdrops. The collaboration will also feature co-branded digital content with football insights, alongside a fan-zone activation on matchdays. Paul Bell, Chief Business Officer at Nottingham Forest, said, “We’re excited to add eToro to our portfolio of valued partners. It’s a global brand with an important focus on being socially responsible, and it shares our passion of using football to create a meaningful difference to communities. We’re looking forward to collaborating on impactful campaigns throughout the upcoming season.” eToro had a strong first quarter as a publicly listed company eToro delivered a strong first quarter as a publicly listed company, with revenue momentum and asset growth boosted by new product launches and a push into Asia. The Nasdaq-listed trading and investing platform said net contribution — a key measure of revenue after certain costs — climbed 26% from a year earlier to $210 million in the three months to June 30, driven by higher trading activity. Adjusted EBITDA rose 31% to $72 million, while funded accounts reached 3.63 million, up 14% year-on-year. Assets under administration jumped 54% to $17.5 billion, helped by both organic growth and last year’s acquisition of Australian app Spaceship. The company closed the quarter with $1.2 billion in cash, equivalents, and short-term investments. Net income dipped slightly to $30.2 million from $30.6 million a year earlier, weighed down by $15 million in IPO-related costs. On an adjusted basis, net income rose to $54.2 million, with adjusted diluted EPS at $0.56. eToro’s product rollouts spanned all four of its business pillars. The Israeli broker launched 24/5 trading for U.S. equities, expanded its U.S. crypto coverage to over 100 assets and rolled out AI-powered “Alpha Portfolios” as part of its Smart Portfolio range. eToro will roll out tokenized trading for U.S. equities, ETFs, and futures, aiming to offer 24/7 access to traditionally time-bound markets. The plan will allow investors to trade tokenized versions of stocks like Apple, Tesla, and Nvidia via ERC-20 tokens on Ethereum. Futures trading will be offered through a partnership with CME Group. A partnership with Franklin Templeton brought target-date investment strategies to the platform, while the company debuted French savings products and expanded recurring investment services to the UAE. The period also saw the Europe-wide rollout of the eToro Money card, which offers stock-back rewards and fee-free FX. Assia said eToro is investing in tokenization and AI as part of a strategy to make investing simpler and more accessible for retail users, while continuing to drive sustainable growth.

Spotware, the developer of the cTrader multi-asset trading platform has launched an essential update with the introduction of cTrader Windows version 5.4, native Python, supporting algorithmic trading development. At this launch, cTrader will become the first trading platform to include Python at a native level, which is a big step towards increased flexibility and accessibility of the platform among traders and developers. Being one of the most popular programming languages in the world, Python is characterized by simplicity, readability, and a range of libraries related to data science and machine learning. Being integrated with the cTrader is a game-changer leveraging traders of all skill levels with an easier and more intuitive method of developing, personalizing, and automating trading strategies. New language, More opportunities to Algo Traders Version 5.4 also brings the ability to create cBots, indicators and plugins in Python to cTrader Windows users, opening up the potential for multi-faceted workflows and making it more attractive to a wider developer base. The new feature augments the platform which already supported C# allowing traders to use the language they feel most comfortable to code in. To the Python bot-builders, cTrader also offers a library of sample scripts running Python 3, to ensure a similar experience to C#. When combined with cTrader intuitive bot creation wizard, the user can begin creating an automated trading solution in Python with minimal requirements, ready to go with existing templates or work ad hoc. “The addition of native Python support in cTrader is a big leap forward for our ecosystem,” said Ilia Iarovitcyn, CEO Spotware. “Python is one of the most widely adopted languages in the world, particularly among algorithmic traders and fintech developers. By supporting it natively within cTrader, we’re not only lowering the barrier to entry for algo development, but also opening the door to a much broader community of innovators. This gives developers a fast, elegant way to turn their ideas into reality using the tools and libraries they already know. For brokers, it means faster delivery of new solutions and more ways to differentiate their offer.” As Engines of Growth to Brokers and IBs Algorithms Python support in cTrader is an entirely new source of revenues to introducing brokers (IBs). The popularity of the language worldwide allows a huge number of developers to create more sophisticated trading robots, plugins and indicators to be built more rapidly. The net effect is an even more powerful collection of innovative algorithms in the cTrader Store that IBs now have to attract and convert traders. Another advantage is on the side of brokers, who can provide clients with a more comprehensive palette of algorithmic solutions, increased client outreach and retention in an increasingly competitive trading environment. The Open Trading PlatformTM in Practice This update demonstrates Spotware focus on its Open Trading Platform philosophy- a flexible, extendible platform on which traders and developers may innovate without limitations, as well as brokers. The introduction of Python support languages expands the access and eases the process of innovation by developers, eases the capability of integration within the ecosystem of the platform. Regardless of whether it offers institutional-grade solutions or a retail strategy, the 5.4 release enables all participants to customize, scale and differentiate their trading experience with tools that can integrate into a transparent, broker-friendly environment. Spotware challenges traders and developers to wait and see what cTrader 5.4 will provide at its complete release. The team in the interim is currently accessible to enable individuals who are keen to exploit its latest Python features. About cTrader cTrader is a multi-asset FX/CFD trading platform launched by Spotware which is driven by its Traders First 00827616 euro concepts. With features, engineering and unmatched performance, cTrader is a premium trading platform designed by brokers, prop firms and retail traders. The most important highlights were: Full native charts Advanced native tools In-built social trading aspects Trading algorithm on-demand execution Free cloud Trading algorithm free on-demand cloud Algorithm execution free of charge login There are more than 100 third party integrations through the APIs and plugins provided as an open ecosystem. The cTrader Store will enable developers to commercialise their trading algorithms and place them in front of more than 8 million traders worldwide, and enable brokers to scale through IB solutions and streamlined onboarding.

KuCoin, one of the largest cryptocurrency exchanges globally, has reported that KuCoin Pay, its very own crypto payment option is to conclude a partnership with Umy, a transformative Web3 travel and lifestyle platform. The integration will result in opening up travel, making it competent and worth it by making payments with seamless and secure cryptocurrencies on Umys worldwide reservations network. With this integration, KuCoin users can simply make hotel bookings, flight reservations as well as availing lifestyle services on Umy, using their digital currency. KuCoin Pay supports more than 50 cryptocurrencies such as KCS, USDT, USDC, and BTC, and its no currency conversion or even traditional banking middleman, providing a smoother travel expenditure. “At KuCoin Pay, our mission is to bridge crypto with everyday life, and travel is one of the most exciting frontiers,” said Kumiko Ho, Head of Payment Business at KuCoin. “Our partnership with Umy allows users to unlock real-world experiences directly with their digital assets, offering more freedom, convenience, and value in every journey.” “Umy is committed to making travel and lifestyle services accessible in the Web3 era,” said Alex Lee, Umy CEO. “By partnering with KuCoin Pay, we’re enabling travelers to seamlessly use their crypto assets for bookings, making the experience more efficient, borderless, and rewarding.” In promotion of the launch, KuCoin Pay and Umy have decided to provide KuCoin users with a special offer until 1September 2025: 20 dollars of discount with every 200 dollars spent on hotel booking, flights, and other traveller accommodations. The complete information is contained in an official announcement made by KuCoin.

Bitcoin (BTC) is undergoing a period of consolidation after recently hitting an all-time high above $124,000. As of August 18, the cryptocurrency is trading around $115,000, marking a notable retracement from its peak. Market sentiment has shifted from euphoric highs to cautious observation, as analysts highlight the potential for a deeper correction. Current technical patterns suggest that BTC is forming a triangle consolidation structure, with a key support zone between $117,000 and $118,000. If this level holds, traders expect a rebound toward resistance levels at $120,000–$123,000. However, a breakdown below support could trigger a retreat to the $108,000–$112,000 range, as some analysts warn of an overdue correction following a seven-week rally. Despite the short-term uncertainty, long-term technical indicators and historical halving cycle patterns point to renewed strength later in 2025. Market researchers note that Bitcoin may be entering a fresh price discovery phase, with potential to surpass recent highs if macroeconomic conditions remain favorable. Factors such as institutional inflows, evolving regulatory clarity, and the U.S. Federal Reserve’s policy stance could play pivotal roles in shaping BTC’s trajectory. For now, all eyes are on the $117,000–$118,000 support zone. A sustained defense of this level may provide the springboard for the next bullish leg, while a failure to hold could extend the correction further. As Bitcoin consolidates, the market faces a defining moment that could set the tone for the remainder of the year. Ethereum (ETH) is trading around $4,377, nearing a critical resistance zone at $4,480–$4,500. The second-largest cryptocurrency has gained momentum in recent weeks, approaching levels not seen since its previous record highs. A decisive break above this resistance could pave the way for ETH to test $5,000 in the near term. Exchange balances for Ethereum have dropped to a nine-year low, indicating investor accumulation and reduced selling pressure. This trend provides a supportive backdrop for a potential breakout. However, technical indicators remain mixed, with short-term oscillators and moving averages signaling caution. While the short-term outlook is cautious, institutional flows and broader market adoption are underpinning Ethereum’s longer-term trajectory. Analysts highlight Ethereum’s expanding role in stablecoin transactions, staking, and decentralized finance as key factors driving its fundamental strength. Standard Chartered recently raised its year-end price target for ETH to $7,500, citing its utility and demand in supporting the stablecoin economy. Support levels remain at $4,200 in the immediate term, with deeper floors near $3,950–$3,800 if selling pressure intensifies. Conversely, if ETH can sustain momentum above $4,500, analysts expect a strong move toward $5,000 and potentially new all-time highs later this year. For now, traders are watching Ethereum’s critical resistance zone. The coming days could define whether ETH embarks on a new bullish leg or faces another consolidation phase before resuming its upward climb.  

On August 18, 2025, FalconX, a leading institutional crypto prime broker, executed a transaction that immediately caught the attention of the digital asset industry. The firm moved 25,684 ETH, valued at roughly $115.1 million, to two newly created wallets. Analysts believe the wallets are likely controlled by the same entity, sparking widespread speculation about the purpose and timing of such a significant movement. The transfer was first detected and flagged by Onchain Lens, a blockchain analytics platform that monitors real-time on-chain activity. The alert quickly circulated across crypto trading communities, highlighting how institutional players’ moves are now scrutinized in the same way as those of high-profile individual investors, often referred to as “whales.” While FalconX has not issued a public statement on the matter, industry observers suggest multiple possible explanations. The move may represent internal restructuring of custodial assets, settlement of client-driven trades, preparation for Ethereum staking under the Proof-of-Stake model, or even the early stages of a new product launch. Each scenario has different implications for market structure and liquidity. Market Implications and Institutional Significance Despite the eye-catching size of the transaction, the Ethereum market has not yet shown sharp volatility in response. ETH prices remained relatively stable in the hours following the transfer. However, many analysts caution that such movements often shape investor sentiment and may foreshadow broader shifts. Even if the direct price impact is muted in the short term, the psychological effect of watching $115 million in ETH flow to unknown wallets cannot be overlooked. This episode underscores the growing influence of institutional actors in the crypto ecosystem. A decade ago, whale movements typically referred to early retail adopters or mining collectives. Today, prime brokers and trading firms like FalconX play a central role in liquidity provision, custody, and settlement. Their activity not only influences markets directly but also provides signals to other large players deciding how to allocate capital. Moreover, the visibility of blockchain transactions ensures that institutions cannot operate behind closed doors as traditional banks might. Instead, their strategic maneuvers are increasingly subject to real-time public analysis, which can amplify both market confidence and market anxiety, depending on interpretation. As the community speculates about FalconX’s intent, the lack of immediate clarification from the firm has fueled competing theories. Some argue the move is purely operational and reflects routine balance sheet management, while others see it as a sign of long-term positioning during a market dip, possibly in preparation for staking or derivative products. What is clear is that blockchain transparency has heightened the stakes for institutional actors. Their movements are no longer private decisions but rather public signals that can sway perception and shape narratives. For Ethereum traders and institutional investors alike, FalconX’s $115 million transfer serves as another reminder that in today’s digital asset markets, even the most technical transactions carry profound symbolic weight. As Ethereum continues to evolve and institutional adoption deepens, such events will likely become more common—each one a flashpoint for speculation, strategy, and scrutiny in the global crypto economy.

AMINA Bank AG has announced that Michael Benz will head its Hong Kong office and oversee growth across the Asia-Pacific region. The Swiss Financial Market Supervisory Authority-regulated crypto bank recorded 69 percent revenue growth in 2024, reaching $40.4 million, and now seeks to build on this momentum in Asia. Benz spent more than three decades in senior leadership roles, including Global Head of Private Banking at Standard Chartered, CEO of Merrill Lynch Wealth Management Asia, and Head of Product and Services at UBS Wealth Management APAC. He will report directly to Franz Bergmueller, CEO of AMINA Bank. “Expertise in both traditional finance and crypto” Franz Bergmueller, CEO of AMINA Bank, commented, “Michael’s expertise in both traditional finance and crypto makes him the ideal leader to continue our expansion across Asia. His exceptional network and deep understanding of client needs will allow us to continue evolving our crypto products and capabilities. Michael’s leadership ensures that we can deliver the comprehensive, regulated crypto services that our sophisticated clients demand in the region.” Hong Kong has recently advanced its regulatory environment for digital assets with the rollout of the Securities and Futures Commission’s ASPIRe roadmap, the Hong Kong Monetary Authority’s stablecoin licensing framework effective August 1, and the government’s Digital Asset Policy 2.0. These steps have opened the door to wider institutional adoption of crypto services in the market. Benz said, “My two decades in Asia have shown me that Hong Kong uniquely prioritises practical business adoption in a regulated environment, and crypto technology is no exception. This creates an extraordinary opportunity for institutions, corporates, and professional investors exploring this new asset class. What drew me to AMINA is their distinctive approach, combining regulatory excellence and rigor with Hong Kong market access to deliver crypto solutions that clients can trust. I look forward to contributing to AMINA’s journey as we shape the future of financial services in Hong Kong and beyond.” AMINA Bank intends to accelerate its APAC expansion with new strategic partnerships in Hong Kong and technology platform upgrades scheduled for the second half of 2025. The bank said these developments will strengthen its role as an infrastructure provider for institutional adoption of crypto banking services.