Apple introduced its latest lineup yesterday, headlined by the iPhone 17. The new model comes with a slimmer design, an upgraded display and battery, and a faster processor. Despite these improvements, many analysts argue the device lacks the kind of innovation that could significantly boost the company’s stock price. This was reflected in market performance: while major U.S. stock indices advanced, AAPL declined by about 1.5%. Technical Analysis of Apple (AAPL) In our review of the chart six days ago, we: → confirmed that the stock remains in an upward channel (shown in blue); → pointed out $235 as a key support level; → noted that although the uptrend could continue, a lackluster reception to Apple’s product launch might spark a correction. Recent price action seems to validate that view. On the hourly chart, several bearish signals now support the correction scenario: → a long upper shadow (indicated with an arrow); → sharp selling pressure when the $235 support was breached; → bearish divergences visible on the RSI indicator. For bullish traders, potential support lies along line S, part of a fan drawn from the start of the upward move on August 6. However, if negative sentiment persists, the stock could follow the structure outlined in red — possibly a bull flag forming within the broader bullish trend. This would mean further downside pressure, potentially driving the price toward the median of the red channel. In that event, bulls may look for support around a key confluence zone where several levels overlap: → the lower rays of the orange fan; → the psychological $230 level, which has repeatedly flipped between support and resistance since August; → the median of the blue channel; → the lower boundary of the bullish gap created on September 2. 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.

A global consortium of leading Web3 and fintech companies released ERC-7943 in a strategic initiative to promote interoperability, institutional readiness and decentralization in real-world asset (RWA) tokenization. This is an open and modular Ethereum standard that is meant to introduce increased transparency, flexibility and cross-industry collaboration to the dynamic tokenization environment. The coalition has leading figures including Bit2me, Brickken, Compellio, Dekalabs, DigiShares, Hacken, Forte Protocol, FullyTokenized, RealEstate.Exchange, Stobox, Zoth among other names in alphabetical order. ERC-7943 is an open standard providing a strong alternative to proprietary frameworks, complying with the needs of the enterprise and achieving the same effects of openness and composability. This is at a time when interoperable infrastructure is in high demand in the RWA industry. Information by RWA.xyz demonstrates that close to 27 billion tokenized assets have been implemented on the open chains, with 7.45 billion of U.S. Treasuries. There is steady growth in various industries in terms of 30 days. At the same time, tokenized funds in the money-market are experiencing high institutional inflows, not only due to the yield-seeking drive but also to the need to have simplified operations. “Institutions have struggled to meet compliance requirements with blockchain’s open architecture,” said Dario Lo Buglio, the EIP author. “ERC-7943 bridges that gap. Its modular structure makes integration seamless, and the shared community support gives us the confidence to go live with production-level RWA use cases.” Irrespective of this momentum, there are still infrastructure shortages. Vendor lock-in, platform interoperability, and an inconsistent patchwork of differing standards are still some of the challenges that institutions face which undermine scale and confidence. Closed systems tend to limit technical innovation and limit platform level cooperation. In the meantime, there are the challenges of missing documentation and insufficient support, as well as the uncertainty caused by the courses of compliance in the development or adoption of tokenization frameworks by developers and enterprises. ERC-7943 seeks to address these systems challenges through an open, adaptable and enterprise-scale token standard that can be deployed across platforms. Three principles on which the framework is planned are aimed at fulfilling both, technical and institutional requirements: Modularity – divides asset identity, permissions, and compliance logic into distinct layers and allows implementation of specific use cases without code reuse. Neutrality – vendor-neutral and by design interoperable so that risks of lock-in are minimized and collaboration between platforms is encouraged. Institutional Alignment- compliant, visible and scalable to address regulatory and operational needs. ERC-7943 is becoming popular. It is now in a mature stage of review, supplemented with wide community input and debate in the Ethereum Magicians forum. Its production-readiness was proven by its early implementation success at EthCC. All members of the ERC-7943 listed coalition have committed to supporting it, and some have already incorporated it into their workflows- indicating both the pressing need in the market and the maturing standardization consensus. To read more, see https://eips.ethereum.org/EIPS/eip-7943.

US labor market weakens, Fed rate cuts expected; markets anticipate easing, focus shifts to inflation data guiding future monetary policy. Weakening US Labor Market The US economy is showing definitive signs of a cooling labor market, which is a major factor influencing the Federal Reserve’s (Fed) policy decisions. A key piece of evidence for this is the preliminary benchmark revision to employment data for the 12 months ending in March 2025, which revealed that the economy actually created 911,000 fewer jobs than initially reported. This is a significant downward revision that suggests the labor market is weaker than official figures have led us to believe. This trend is further supported by the most recent Nonfarm Payrolls (NFP) report, which showed a meager increase of just 22,000 jobs in August, far below the forecasted 75,000. Additionally, the unemployment rate has climbed to 4.3%, its highest level since late 2021. A similar downward revision in 2024 immediately triggered a 50 basis point rate cut from the Fed, setting a precedent for a potentially larger cut this time around. High Confidence in Upcoming Fed Rate Cuts Given the deteriorating labor market, financial markets are operating with almost complete certainty that the Fed will cut interest rates at its upcoming meeting. The CME FedWatch Tool, a widely used indicator for market sentiment on Fed actions, shows a compelling consensus: 88.2% of traders are betting on a standard 25 basis point cut, while the remaining 11.8% are even more aggressive, pricing in a 50 basis point cut. This strong conviction is largely fueled by the disappointing employment data. Adding to the dovish outlook is a recent statement from Fed Chair Jerome Powell, who explicitly stated at the Jackson Hole Symposium that the “shifting balance of risks may warrant adjusting our policy stance.” This was seen as a clear signal that a rate cut was on the horizon, effectively solidifying market expectations.  Some speculators believe the Fed might enact more than two rate cuts this year, indicating a broader expectation for an extended period of monetary easing.  Focus on Inflation Data and Its Impact Even with a rate cut nearly guaranteed, market participants are now shifting their attention to upcoming inflation data to determine the pace of future cuts. The immediate focus is on the Producer Price Index (PPI) for August, followed by the more impactful Consumer Price Index (CPI). The PPI measures inflation at the wholesale level, and while it’s expected to show a steady annual rise of 3.3%, its data can be an early indicator for what’s to come in the CPI. The CPI is a critical piece of the puzzle because central banks, including the Fed, use it as a primary metric for setting monetary policy. Higher-than-expected inflation readings could temper the market’s aggressive rate-cut expectations, while softer data would add to bets for more significant easing. There is a unique challenge for the Fed: balancing the risks from US President Donald Trump’s tariffs, which pose an upward risk to inflation, against his immigration policies, which are contributing to the weakening labor market. This complex environment means that the upcoming PPI and CPI reports will be crucial for shaping future policy decisions beyond just the next meeting.   Top upcoming economic events: Wednesday, September 10, 2025 SNB Chairman Schlegel speech (11:45:00, High Impact, CHF): Central bank speeches are crucial as they offer insights into the institution’s current economic outlook and future monetary policy. The Swiss National Bank (SNB) chairman’s remarks can significantly influence the value of the Swiss franc (CHF) and provide clues about potential interest rate changes or other policy shifts. Producer Price Index ex Food & Energy (YoY) (12:30:00, High Impact, USD): This is a key inflation indicator for the U.S. dollar. It measures the changes in prices that producers receive for their goods and services, excluding the volatile food and energy sectors. A higher-than-expected reading indicates rising inflationary pressures, which could lead the Federal Reserve to consider tighter monetary policy and potentially strengthen the USD. RBNZ’s Governor Hawkesby speech (23:15:00, High Impact, NZD): Similar to the SNB speech, this event is highly important for the New Zealand dollar (NZD). The speech from the Reserve Bank of New Zealand’s governor can provide forward guidance on monetary policy, including their stance on inflation and economic growth, which directly affects the NZD’s exchange rate. Thursday, September 11, 2025 ECB Main Refinancing Operations Rate, Monetary Policy Statement, and Rate on Deposit Facility (12:15:00, High Impact, EUR): These are the core tools of the European Central Bank (ECB) for managing monetary policy. The interest rate decisions and accompanying statement are pivotal for the euro (EUR). A change in any of these rates or a significant shift in the policy statement can cause major volatility in the EUR as it signals the ECB’s commitment to either stimulate or cool down the economy. Consumer Price Index (MoM, YoY, and ex Food & Energy) (12:30:00, High Impact, USD): The U.S. Consumer Price Index (CPI) is arguably the most-watched inflation gauge. It measures the change in prices paid by urban consumers for a basket of goods and services. A high reading suggests inflation is rising, which can pressure the Federal Reserve to raise interest rates, positively impacting the USD. The “ex Food & Energy” component provides a clearer picture of underlying inflation trends. ECB Press Conference (12:45:00, High Impact, EUR): Following the ECB’s rate decision and policy statement, this press conference offers a deeper dive into the central bank’s reasoning. The ECB president’s comments and answers to questions often provide crucial details and forward guidance on future monetary policy, making it a high-impact event for the EUR. Monthly Budget Statement (18:00:00, Medium Impact, USD): This report details the U.S. government’s revenues and outlays for the month. While not a “high” impact event, a significant deficit or surplus can provide an indication of the nation’s financial health and fiscal policy, which can influence market sentiment toward the USD. Friday, September 12, 2025 Harmonized Index of Consumer Prices (YoY) (06:00:00, High Impact, EUR): The Harmonized Index of Consumer Prices (HICP) is a key inflation measure for the Eurozone. It is the primary inflation indicator used by the ECB to guide its monetary policy decisions. A high year-over-year reading of the HICP could increase expectations for future interest rate hikes from the ECB, which would strengthen the euro. Gross Domestic Product (MoM), Industrial Production (MoM), and Manufacturing Production (MoM) (06:00:00, Medium Impact, GBP): These reports provide a comprehensive snapshot of the UK’s economic health. Industrial and manufacturing production are key components of GDP, and the combined data helps analysts and policymakers gauge the pace of economic growth. Stronger-than-expected results can be bullish for the Great British Pound (GBP) as they signal a more robust economy. Consumer Price Index (EU norm) (YoY) (06:45:00, Medium Impact, EUR): This is another key inflation measure for the Eurozone, specifically for France in this case, that follows the harmonized European standard. While less impactful than the broader HICP, it provides important granular data on a major Eurozone economy and can influence expectations for the ECB’s policy, thus affecting the EUR.      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.

A startup is racing Wall Street’s biggest exchange operators to bring 24-hour trading in U.S. stocks to life—and it just picked up a powerful ally to help it get there first. 24X National Exchange, approved by U.S. regulators late last year, has struck a deal with Transaction Network Services (TNS) to distribute its market data to banks, brokers and trading firms. The agreement plugs the exchange’s feed directly into one of the industry’s broadest low-latency networks, giving potential customers instant access once trading goes live. The service is pitched as a 23-hours-a-day, five-days-a-week stock market, filling the overnight gap that has long frustrated investors outside U.S. time zones. If 24X meets its target, it will open the venue in 2025—well before Nasdaq’s planned expansion into 24/5 trading in 2026. A Founder With Form 24X is the brainchild of Dmitri Galinov, a market-structure veteran who previously built FastMatch, the foreign exchange platform later sold to Euronext. He has also run electronic trading at Credit Suisse and held senior roles at Direct Edge, the upstart exchange that merged into what is now Cboe Global Markets. Backed early on by SC Ventures, the investment arm of Standard Chartered, and later by Point72 Ventures, Galinov’s company began with foreign exchange and digital assets before pursuing the bigger prize: U.S. equities. In May this year, Japan’s Rakuten Securities joined as an investor, a move that opened distribution channels in Asia. Regulatory Firsts In November 2024, the Securities and Exchange Commission granted 24X a national exchange license, a landmark decision that allows it to trade listed stocks under unlisted trading privileges. Unlike alternative trading systems such as Blue Ocean ATS, which already runs overnight sessions, 24X will operate as a full-fledged exchange subject to Regulation NMS. That status obliges brokers to route orders to it whenever it shows the best price, potentially pulling real liquidity into the book. The SEC also issued conditional relief because U.S. market utilities—such as the Securities Information Processors that consolidate prices, and the DTCC clearinghouse—do not yet operate round-the-clock. Those hurdles remain, but 24X plans to start with extended sessions and expand toward a full 23/5 cycle. Why TNS Matters For Galinov, the TNS arrangement addresses one of the biggest headaches for any new exchange: distribution. TNS, acquired by Koch Industries’ investment arm in 2021, operates in all the major data centers used by Wall Street and high-frequency traders. Earlier this month it agreed to buy BT’s Radianz financial network, which would add thousands more endpoints globally. That means 24X’s market data will arrive in the same pipes already carrying Nasdaq, NYSE and Cboe feeds. For brokers, the connection is effectively turnkey. Racing Nasdaq The prize is not just novelty. Nasdaq has said it expects to offer 24-hour equity trading in the second half of 2026, once the clearinghouse NSCC can support it. Cboe has filed similar plans for its EDGX venue. If 24X opens next year as expected, it will have the field to itself for at least 12 months. The big question is whether investors and market-makers will show up in the thin hours of the night. But if they do, a startup founded only six years ago could end up changing the rhythm of the U.S. equity market before its much larger rivals.

According to crypto reporter Eleanor Terrett, the U.S. Commodity Futures Trading Commission (CFTC) is actively considering whether to recognize overseas crypto trading platforms that comply with strict, crypto-specific regulatory frameworks such as the European Union’s Markets in Crypto-Assets (MiCA) regulation. Acting CFTC Chair Caroline D. Pham announced this development in a recent industry speech on U.S. cross-border rules that could have wide-reaching implications for investors and the digital asset market. What’s Driving the CFTC’s Move? The current U.S. regulatory uncertainty and enforcement-led policymaking have forced talent and activity abroad. Many leading U.S. crypto firms established European subsidiaries to benefit from MiCA’s clarity. Meanwhile, investors and international businesses see increased harmonization as essential for bridging fragmented global oversight and making compliance less costly. The CFTC is exploring an innovative framework to let foreign crypto exchanges serve U.S. customers, provided they follow recognized, robust rulebooks like the EU’s MiCA. Speaking to UK lawmakers, Pham said such recognition would build on long-standing Foreign Boards of Trade (FBOTs) rules that already allow regulated derivatives platforms to access the U.S. market. Under current FBOT rules, international exchanges may access U.S. traders if their home countries maintain standards comparable to American regulations. The CFTC’s latest proposal expands this to include digital asset venues authorized under frameworks like MiCA, potentially restoring volumes lost to offshore entities and offering U.S. investors fresh, regulated market access. The SEC and CFTC have also announced plans for greater coordination, with joint roundtables slated to harmonize product standards and data definitions later this month, further aligning the U.S. with global best practices on crypto markets. Investor Takeaway If CFTC recognizes MiCA-compliant platforms, U.S. investors may gain access to global liquidity and products, with stronger safety and regulatory clarity. Why Would Recognizing MiCA Matter for Investors? MiCA, enacted by the EU in June 2023, represents one of the world’s most comprehensive digital asset regulatory regimes. MiCA covers capital rules, transparency, retail protections, risk management, and anti–money laundering standards. The framework addresses many gaps in U.S. policy. If CFTC provides recognition based on MiCA, U.S. traders could access exchanges meeting these high bars, diminishing risks commonly associated with offshore platforms. For investors, that could mean broader product choice, including spot and derivatives on global platforms, reduced compliance friction resulting from less need to “work around” domestic restrictions, and potential normalization of safe, legal access to “offshore” liquidity pools. Investor Takeaway MiCA’s strong standards could set new benchmarks for global crypto oversight and drive the U.S. toward regulatory parity with Europe. What’s Next: Outlook and Risks CFTC’s cross-border approach isn’t final, but the momentum is unmistakable. A recognition pathway based on MiCA and equivalent regimes could launch a new era of U.S. market access for global crypto exchanges, spurring competition and innovation. However, international regulatory differences, technology-specific rules, and enforcement uncertainties persist. The CFTC’s “Crypto Sprint” initiative seeks feedback on spot trading and tech-neutral rules, with enforcement priorities now focused mainly on major fraud cases rather than ambiguous compliance missteps.

Strong H1 Performance Across Divisions Alpha Group International reported robust first-half 2025 revenue growth as it prepared for its upcoming acquisition by U.S. financial services group Corpay. Unaudited results for the six months to June 30 showed revenue climbing 34% to £86.2 million, driven by a 68% surge in corporate division sales to £50.1 million. Private Markets rose 2% to £34.1 million, while Dutch subsidiary Cobase expanded 63% to £2.1 million. Underlying profit before tax increased 25% to £27.9 million, though margins slipped slightly to 32% from 35% due to higher operating costs tied to technology investment and regulatory compliance. On a statutory basis, profit before tax dropped 20% to £48.5 million, reflecting an £11.9 million share-based payment charge and £1.7 million in M&A fees. Total income rose 17% to £125.4 million, while client balances grew 5% to £2.2 billion. Adjusted net cash rose to £234.5 million from £217.5 million at the end of 2024, underscoring the group’s financial strength as it approaches the sale. Investor Takeaway Alpha’s strong cash position and double-digit revenue growth reinforce the £600M Corpay deal. Investors will watch margins and integration risks as the takeover nears completion. Client and Headcount Expansion Alpha’s client base continued to expand across segments. Corporate FX risk management clients rose 9% to 1,029, private market FX clients surged 23% to 332, and Cobase clients climbed 45% to 245. Group front-office headcount grew 32% to 207, reflecting the company’s investment in scaling its sales and service capacity. Cobase, majority-owned by Alpha since 2022, provides a multi-banking platform for large corporates and financial institutions. Positioned as a key growth engine, it has been central to Alpha’s digital services push and is expected to strengthen Corpay’s European footprint post-acquisition. Corpay Acquisition Set for Q4 2025 Alpha’s upcoming sale to Corpay, a division of U.S.-listed Fleetcor Technologies, is valued at about £600 million. The transaction has been structured as a scheme of arrangement and requires approval from both Alpha shareholders and the U.K. Financial Conduct Authority. The deal is expected to close in Q4 2025, marking one of the largest financial services acquisitions in London this year. CEO Clive Kahn said Alpha’s growth reflects both market volatility and strategic execution, adding that the Corpay acquisition “recognises the value of Alpha’s performance, people and potential.” Corpay is targeting Alpha’s strong corporate FX franchise as part of its strategy to expand cross-border payments and foreign exchange services across Europe. Investor Takeaway A successful takeover could accelerate Corpay’s European expansion and provide Alpha with broader distribution, though regulatory approval remains a key milestone. Market Outlook Alpha reaffirmed its commitment to capitalising on growth opportunities through the second half of 2025 while navigating the acquisition process. Shares have risen nearly 45% in the past 12 months, far outpacing the FTSE All-Share Index, as investors bet on client growth and the benefits of Corpay’s integration. For shareholders, the combination of strong organic performance, rising client numbers, and the strategic Corpay acquisition provides a compelling growth narrative. Still, the deal’s ultimate success will depend on execution, cost control, and how seamlessly Alpha’s operations integrate into Corpay’s global network.

Eric Trump, son of U.S. President Donald Trump, has called for accelerating crypto growth in South Korea, describing the country as a major economic hub. He made the remarks during a virtual speech at the Upbit D Conference in Seoul, highlighting South Korea’s potential role in the global crypto market and expressing his interest in expanding within the region. In his words, “Korea is doing it the best out of any country in Asia,” adding that countries not taking similar steps are falling behind. This aligns with his position as Vice President of the Trump Organization, where he has shown interest in introducing its services to South Korea. “We will be there both in terms of the digital asset space and in terms of hard real estate,” he said. The Trump family has remained a strong backer of the crypto economy since Donald Trump’s 2024 presidential victory. President Trump has set the pace for integrating digital assets into global economic policy, encouraging frameworks that support adoption—particularly in China with its state-backed stablecoin, Voyage. WLFI and the Trump Family’s Crypto Bet Through World Liberty Finance (WLFI), a digital asset investment company established in 2024, the Trump family has deepened its foothold in the market. WLFI launched its own stablecoin, USD1 on Solana, which has gained significant traction amid the growing popularity of stablecoins. USD1 has emerged as one of the fastest-growing networks in the market, reaching a $2.2 billion market capitalization as of September 1, according to Artemis. WLFI’s native token has also boosted the Trump family’s net worth into the billionaire range, according to a recent report by FinanceFeed. At press time, the token’s market capitalization stood at $5.12 billion, with a trading volume of $886 million. Earlier in the day, the asset surged to a high of $0.2214 before sharply falling to $0.203. Despite this growth, WLFI has not mirrored the broader bullish sentiment in the market. The asset has recorded a 10% decline over the past 30 days—a clear indication of investor caution and bearish positioning.

Vietnam has officially kicked off a five-year pilot program for regulated cryptocurrency trading platforms aimed at capitalizing on the growing digital asset market in the country. According to a statement on the government website, the trial, announced on September 9, 2025, follows parliamentary approval earlier this summer and marks Vietnam’s most significant step yet toward formalizing its approach to crypto assets. Despite the absence of a legal framework in Vietnam, this move could reshape its growing digital asset market and bring one of Southeast Asia’s most crypto-curious populations under the umbrella of state oversight. Vietnam’s new resolution restricts crypto activity to domestic companies, mandating that all issuances, trading, and payments be conducted exclusively in the Vietnamese dong. Under the framework, only Vietnamese companies are permitted to launch crypto assets, with sales targeting exclusively foreign investors. The trial program will last until 2030, at which point the Ministry of Finance will deliver a comprehensive evaluation to determine whether regulated crypto trading should become permanent. If successful, Vietnam could evolve from an informal hotspot into a regulated hub for digital finance in Asia. Vietnam’s Emerging Crypto Sector: Grey Market to Regulated Trial Phase The government has authorized the Ministry of Finance to oversee the program, with the State Bank of Vietnam and the Ministry of Public Security jointly involved in supervision. The goal is to create a transparent, legal environment for trading digital assets while ensuring consumer protection and reducing risks tied to fraud and money laundering. The five-year experiment begins with a limited number of licensed exchanges operating under strict compliance frameworks. These platforms will be closely monitored, including KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols. Currently, crypto trading in Vietnam is widespread but unregulated, with P2P marketplaces and offshore exchanges dominating activity. Chainalysis ranked Vietnam as the world’s top country for crypto adoption from 2021 to 2022. Yet, despite its popularity, Vietnam has never provided a clear regulatory path—until now. Investor Takeaway Vietnam’s trial introduces regulatory clarity in a high-adoption market, signaling a possible opening for both local and global crypto businesses. How Vietnam’s Crypto Rules Could Redefine Regional Competition Vietnam’s regulatory experiment comes at a time when Southeast Asia is emerging as a critical market for crypto adoption. Singapore leads with a fully licensed framework for exchanges, while the Philippines has experimented with blockchain-based remittances. Thailand has tightened restrictions but continues to allow exchanges with local registration. For global investors, Vietnam’s pilot offers a glimpse into how emerging markets with high crypto adoption are approaching regulation. Unlike advanced economies where rules often limit innovation, Vietnam’s model introduces oversight without stifling growth. This could make the country an important hub for Southeast Asia’s rapidly expanding Web3 sector. By allowing compliant platforms to operate, the government could give global exchanges a pathway to establish a local presence, potentially sparking competition with dominant players in the region such as Binance and OKX. Investor Takeaway Vietnam’s cautious regulatory experiment could provide a model for other high-adoption emerging markets balancing innovation and financial security. What’s Next for Vietnam’s Crypto Market? Vietnam’s approach sits somewhere between cautious and forward-looking. The government is setting the stage for regulated activity without rushing to finalize a permanent structure. This contrasts with countries like China, which banned crypto trading outright, and the United States, where enforcement actions have created regulatory uncertainty. Ultimately, the trial represents both an experiment and a signal: Vietnam aims to control crypto risks while leveraging its popularity as a driver of digital economy growth.

What the Deal Involves Nasdaq has agreed to take a $50 million strategic stake in cryptocurrency exchange Gemini via a private placement linked to Gemini’s upcoming U.S. initial public offering, according to people familiar with the matter. The investment signals Wall Street’s deepening engagement with crypto firms at a time of renewed listing momentum. Gemini, founded by Cameron and Tyler Winklevoss, is targeting as much as $317 million in its IPO. If completed, the listing would rank among the most significant public debuts by a crypto-native exchange since Coinbase went public in April 2021 at an $86 billion valuation. Gemini’s last fundraising round in 2021 valued it at $7.1 billion, when it raised $400 million led by Morgan Creek Digital. Investor Takeaway Nasdaq’s investment boosts Gemini’s IPO credibility and signals that tokenization and digital custody are moving into mainstream market infrastructure. Why Nasdaq and Gemini Are Partnering The agreement goes beyond capital. Nasdaq will integrate Gemini’s custody and staking services into its ecosystem, while Gemini’s institutional clients will gain access to Nasdaq’s Calypso platform. Calypso, acquired by Nasdaq in 2017 for $3.7 billion, is widely used by banks and hedge funds to manage derivatives and collateral obligations. The tie-up effectively merges Gemini’s crypto infrastructure with Nasdaq’s institutional fintech backbone. For Gemini, the deal represents a bridge to traditional financial clients and a validation of its regulated U.S. framework. For Nasdaq, it provides an entry point into crypto-native custody and staking, complementing its broader push into tokenized securities. Nasdaq’s Tokenization Push The deal comes just as Nasdaq announced plans to expand into tokenized securities, filing with the SEC to amend rules that would allow blockchain-based versions of stocks to trade on regulated markets. Nasdaq argued such products should be offered by established platforms, not “siloed venues.” Globally, tokenized securities remain small but fast-growing, estimated at $6 billion in 2024 by Boston Consulting Group, with potential to exceed $16 trillion by 2030 if adoption accelerates among institutions. Analysts say Nasdaq’s attempt to bring tokenized equities under regulated oversight could be a watershed moment for the sector. Gemini already operates tokenized stock offerings in Europe, including digital shares of MicroStrategy. The exchange has also positioned itself as a compliance-first player, licensed by the New York State Department of Financial Services, and reported $92 billion in global trading volume in 2024. Investor Takeaway Tokenized securities may be the next growth frontier. Nasdaq-Gemini integration suggests major exchanges want to control this market before unregulated competitors do. What’s Next for Gemini’s IPO The partnership enhances Gemini’s IPO narrative, offering investors not just exposure to a crypto exchange but to a firm embedded in Nasdaq’s tokenization strategy. While regulatory clarity remains incomplete, SEC Chair Gary Gensler has stressed that most digital assets fall under securities law, meaning regulated exchanges will likely shape the future of tokenized markets. If Gemini’s IPO succeeds, it would signal investor appetite for compliant crypto platforms remains strong and that alliances with traditional exchanges may define the next phase of digital asset adoption. Together, Nasdaq and Gemini could set a precedent for how Wall Street integrates blockchain-native infrastructure.

How to Use MetaMask Wallet: Step by Step Guide Metamask is one of the most popular cryptocurrency wallets in the world which allows users to securely store, send, and receive Ethereum and other tokens, as well as interact with decentralized applications (dApps). For those new to cryptocurrency or encountering difficulties with Metamask, this guide provides a comprehensive, step-by-step walkthrough. Key Takeaways 1. MetaMask is a secure wallet for Ethereum, ERC-20 tokens, and other networks. 2. You can add crypto by buying directly, transferring from another wallet, or using swaps/bridges. 3. MetaMask connects to dApps, allowing access to DeFi, NFTs, and other blockchain applications. 4. Protect your crypto by securing your recovery phrase and verifying all transactions. 5. With MetaMask, you have full control over your crypto and easy access to the decentralized ecosystem.   What Is Metamask? Metamask is a digital wallet that serves as a bridge between your browser or mobile device and blockchain networks like Ethereum and Binance Smart Chain. It allows you to store cryptocurrencies securely, send and receive crypto with ease, connect to dApps, NFTs, and decentralized finance (DeFi) platforms and also manage multiple accounts and tokens in one place. Metamask is available as a browser extension for Chrome, Firefox, Brave, and Edge, as well as a mobile app for iOS and Android. Why You Should Use Metamask Metamask gives you full control over your funds and private keys. Unlike centralized exchanges, your crypto is stored on your device, not on someone else’s server. It is ideal for beginners because it is user-friendly, compatible with multiple blockchains and secure when you follow best practices. It is also essential for accessing the growing ecosystem of decentralized applications. How to Set Up Your Metamask Wallet Step 1: Install Metamask Browser: Go to the official Metamask website at and download the extension for your browser. Mobile: Search for “Metamask” in the App Store or Google Play Store and install the app. Step 2: Create a New Wallet Open Metamask and select Create a Wallet Agree or decline data collection prompts Set a strong password to secure your wallet You will receive a 12-word secret recovery phrase. This is extremely important so it is advisable that you write it down and store it safely offline. Never share it with anyone. Step 3: Backup Your Wallet Metamask will ask you to confirm your secret recovery phrase. Store this phrase in multiple secure locations, ideally offline and do not take screenshots or store it digitally where it could be hacked Step 4: Access Your Wallet Once setup is complete, you can access your wallet from the browser extension or mobile app Your wallet will show your wallet address, balance, and options to send or receive tokens   Adding Crypto to Your Metamask Wallet MetaMask supports Ethereum (ETH), ERC-20 tokens, and cryptocurrencies from other networks like Binance Smart Chain (BNB), Polygon (MATIC), and Avalanche (AVAX). You can add crypto to your wallet using the following methods. Method 1: Buying Cryptocurrency Directly Open your MetaMask wallet. Click on Buy. Choose a payment method (credit/debit card or partner service). Select the cryptocurrency you want to buy (ETH or supported tokens). Confirm the purchase. Your crypto will appear in your wallet shortly. Method 2: Transferring from Another Wallet or Exchange Open MetaMask and copy your wallet address. Go to your external wallet or exchange. Select the crypto and the correct network. Paste your MetaMask address as the recipient. Confirm the transfer. The funds will arrive in your MetaMask wallet. Method 3: Using a Crypto Swap or Bridge Identify a swap or bridge service compatible with your token. Connect your MetaMask wallet. Select the token and network you want to move. Complete the swap or bridging process. Your tokens will now appear in MetaMask.   Sending and Receiving Crypto 1. Sending Crypto Open Metamask and select Send Enter the recipient’s wallet address Enter the amount and choose the network fee Confirm the transaction The transaction may take a few seconds to a few minutes depending on network congestion. 2. Receiving Crypto Click Receive in your wallet Copy your crypto wallet address or scan the QR code Share it with the sender Wait for the transaction to be confirmed   Connecting Metamask to dApps Metamask allows you to interact with decentralized applications like NFT marketplaces, DeFi platforms, and games. Below are the methods you can use to connect your MetaMask wallet to decentralized applications (dApps). Navigate to the dApp in your browser or app Select Connect Wallet and choose Metamask Approve the connection in your Metamask wallet The dApp can now view your wallet balance and request transactions Always review permissions and transactions before approving   Troubleshooting Common Issues Wallet Not Showing Funds Ensure you are on the correct network (Ethereum Mainnet, Binance Smart Chain, etc.) Add missing tokens manually using the token contract address Check blockchain explorers like Etherscan to confirm transaction completion 2. Transaction Stuck or Pending Increase the gas fee to speed up the transaction Cancel the transaction if it remains unconfirmed for too long Wait patiently during network congestion, or choose to make your transfer at a later time when the network is less busy to avoid delays and high fees. 3. App or Extension Not Loading Clear browser cache or reinstall the extension Restart your mobile device or app Ensure your device has a stable internet connection   Security Tips for Metamask Users Never share your 12-word secret recovery phrase Avoid storing recovery phrases or passwords digitally Use hardware wallets for large amounts of crypto Verify websites and links before connecting your wallet Enable biometric or password authentication on your mobile app   Conclusion Metamask is a versatile and beginner-friendly wallet that opens the door to a decentralized ecosystem. By following this guide on how to use metamask wallet, you can confidently set up your wallet, manage crypto, connect to dApps, and keep your funds secure. Remember, security is essential in crypto therefore always safeguard your recovery phrase and verify transactions carefully. With MetaMask, the decentralized ecosystem is right at your fingertips.

Ebury, the global fintech specialising in cross-border payments, FX, and business lending, has announced the extension of its partnership with Fulham Football Club for two additional seasons. The renewed agreement ensures that Ebury will continue to power the Premier League club’s FX transfer operations and support its international business growth. Takeaway: Ebury extends its collaboration with Fulham FC, reinforcing its role in powering the club’s international FX transfers and payment infrastructure. A Partnership Built on Growth The partnership, first established in 2023, marked Ebury’s debut sponsorship in the Premier League. Since then, both organisations have collaborated to deliver value on and off the pitch through community engagement, exclusive content, and business networking events. Under the renewed agreement, Ebury remains the Official FX Transfer Partner of Fulham FC. Its global platform will continue providing tailored financial solutions designed to optimise operations and manage FX risk while also supporting the club’s strategic ambitions. Ebury’s branding will remain prominent at Craven Cottage, reinforcing its visibility among fans and business partners. Takeaway: The renewal strengthens Ebury’s footprint in sports while showcasing its fintech expertise in international payments and FX management. Executive Perspectives Peter Brooks, Global Head of Sport at Ebury, said: “We are thrilled to extend our partnership with Fulham Football Club. Our first two seasons of working together were a resounding success, and we’ve established a strong, collaborative relationship. At Ebury, we are proud to deliver tailored financial solutions that power Fulham’s international payment infrastructure and FX risk management. We look forward to continuing this journey with one of England’s most historic clubs, supporting them with our expertise as they pursue their strategic goals.” Elliott Thomas, Financial Controller at Fulham FC, commented: “The renewal of our partnership with Ebury is proof of the value that they bring to our financial operations. Their expertise in international payments has been essential in helping us operate more efficiently on a global scale. We’re proud to continue this journey with a partner that understands the needs of our football club, and we look forward to another successful season together.” Jon Don-Carolis, Commercial Director at Fulham FC, added: “We are delighted to continue our partnership with Ebury. Their approach to FX services and tailored solutions has propelled the Club’s growth over the past two seasons, and we look forward to our continued relationship.” Takeaway: Fulham FC executives highlight the tangible value Ebury brings to the club’s financial operations, enabling efficiency and growth at an international scale. Strengthening Sports Presence The renewed partnership underscores Ebury’s strategy of aligning with ambitious organisations and leveraging its cross-border payment and FX infrastructure to showcase capabilities beyond traditional finance. For Fulham FC, it ensures continued financial efficiency and risk management support as the club navigates the global business of football. Takeaway: The partnership reinforces Ebury’s position as a fintech partner of choice in elite sports, combining financial technology with global brand visibility.

Trump Media and Technology Group has linked its Truth Social rewards program to cryptocurrency, allowing users of its Patriot Package subscription to convert digital “Truth gems” into Cronos (CRO), the native token of Crypto.com. The update, announced Tuesday, marks a shift for the company, which had previously floated the idea of launching its own proprietary token. Truth gems can be earned through activities across Trump Media’s platforms and converted via Crypto.com’s wallet infrastructure. CRO is currently the 40th-largest cryptocurrency by market capitalization, with a circulating value of about $3.3 billion as of September 2025, according to CoinGecko. It powers Crypto.com’s ecosystem, including payments, exchange fees, and DeFi applications. Pivot Away From Proprietary Token Plans In April, Chief Executive Devin Nunes told shareholders the company was considering a utility token and digital wallet to support its Truth+ streaming platform. That token was intended for subscription payments and loyalty rewards. But by May, after rumors of a “Truth memecoin” surfaced on social media, Trump Media denied any such plans. Donald Trump Jr. also publicly dismissed the speculation. The new integration with CRO suggests Trump Media has opted to partner with an established player rather than build its own token infrastructure from scratch. Launching a proprietary token would have required navigating complex U.S. Securities and Exchange Commission rules, particularly around whether such an asset would be treated as a security. By using CRO, Trump Media sidesteps these regulatory risks and gains access to Crypto.com’s 100 million registered users worldwide. The move extends Trump Media’s existing ties with Crypto.com. Earlier this year, the firms unveiled plans for exchange-traded funds focused on U.S.-based digital assets, which will be launched through Truth.Fi and offered via Crypto.com’s broker-dealer Foris Capital. The ETFs are expected to debut later in 2025, pending regulatory approval. Truth.Fi is envisioned as a digital-first financial platform aligned with Trump Media’s political branding, aiming to channel retail investor interest in U.S.-centric crypto products. ETF filings submitted in June list indexes of Bitcoin, Ethereum, and regulated stablecoins as potential underlying assets. Trump Media has also entered a major treasury deal with Crypto.com, agreeing to acquire 684.4 million CRO tokens — worth about $105 million — as part of a broader $6.4 billion digital asset strategy. The purchase, structured in stock and cash, will be custodied by Crypto.com and may be staked to generate yield. The size of the acquisition represents nearly 20% of CRO’s average monthly trading volume on major exchanges, signaling a large bet by Trump Media on the token’s future performance. The $6.4 billion strategy reportedly involves diversification across Bitcoin, Ethereum, and tokenized U.S. Treasuries in addition to CRO. Trump Media stock, listed on Nasdaq under the ticker DJT, has been volatile since its March 2024 debut via SPAC, with market capitalization swinging between $4 billion and $9 billion. The CRO partnership is likely aimed at stabilizing revenue streams while also appealing to a politically active retail investor base that has shown high engagement with both Trump Media and cryptocurrency markets.

Ripple, the company behind the world’s third-largest cryptocurrency, XRP, has entered a new partnership with Spain’s Banco Bilbao Vizcaya Argentaria (BBVA). According to an announcement released earlier today, Ripple will provide crypto custody services for the bank’s holdings. This development follows BBVA’s acquisition of Bitcoin (BTC) and Ether (ETH), as well as its broader entry into the cryptocurrency market. The bank is now opening digital assets to retail investors, enabling them to buy, sell, and hold cryptocurrencies directly—supported by Ripple’s infrastructure. Ripple emphasized that the initiative complies with Spain’s National Securities Market Commission (CNMV) and aligns with the European Union’s Markets in Crypto-Assets (MiCA) framework. Francisco Maroto, BBVA’s head of digital assets, described the deal as a strategic step toward meeting the bank’s long-term goals.“Through this agreement we can deliver on our goal of supporting our customers to explore digital assets, backed by the strength and security of a bank like BBVA,” he said. Cassie Craddock, Ripple’s managing director for Europe, added that MiCA has been central to the partnership’s success.“Now that the EU’s Markets in Crypto-Assets regulation (MiCA) is established across Europe, the region’s banks are emboldened to launch the digital asset offerings their customers are asking for,” she noted. The partnership is not Ripple’s first collaboration with BBVA. The bank’s Swiss branch previously worked with Metaco, a Ripple-owned technology company, while Garanti BBVA in Turkey has also launched similar initiatives. Building Momentum in the Crypto Ecosystem Ripple now holds more than 60 regulatory licenses worldwide as it continues to expand its global footprint. Recently, the company extended its RLUSD stablecoin to African markets, securing partnerships with regulated local cryptocurrency firms. Similarly, Ripple partnered with Thunes, a Singapore-based payments company, to integrate global payment solutions into its blockchain infrastructure. Market analysts see these moves as a sign of growing momentum for XRP. On September 9, Finance Feeds analyst Jerome Greenspan predicted that XRP could rally significantly.“XRP could rise first to $3.65, then potentially $4.29. The real momentum may come in October when deadlines for XRP ETF approvals approach,” Greenspan forecast. If Ripple’s global expansion continues, it could significantly strengthen XRP’s position in the market.

Centroid Solutions has announced the successful integration of Cboe Market Data, enabling brokers using its advanced multi-asset connectivity engine to access high-fidelity, real-time U.S. and European market data feeds. The integration allows seamless delivery of equities, options, indices, futures, and derivatives data directly into Centroid’s trading platforms, including the Centroid Trading Ecosystem. Takeaway: Brokers leveraging Centroid can now plug directly into Cboe’s U.S. and European market data streams, enriching pricing and execution across multiple asset classes. Key Benefits of the Integration Real-time U.S. and European market data feeds Seamless connectivity via the Centroid Bridge Engine and Centroid Trading Ecosystem Cost-effective, scalable integration to support brokers’ expansion into new markets Multi-asset data coverage: equities, options, futures, FX, and indices Takeaway: The integration is designed to help brokers expand into new markets with scalable, cost-efficient infrastructure. Executive Insight Cristian Vlasceanu, CEO of Centroid Solutions, commented: “Our partnership with Cboe represents a pivotal evolution in how clients access and interpret market intelligence. With Cboe’s renowned U.S. equities feeds, along with its extensive European equities and derivatives datasets, brokers can utilize integrated market data directly in their trading activities. This integration is part of our continuous effort to strengthen our multi-asset connectivity, helping brokers prepare for evolving market conditions. It reinforces Centroid’s mission to deliver best-in-class, end-to-end connectivity and trading solutions, empowering brokers to scale efficiently, drive smarter execution strategies, and offer exceptional trading experiences.” Takeaway: Centroid aims to combine Cboe’s data depth with its multi-asset infrastructure to improve broker execution and client experience. Industry Context The partnership reflects Centroid Solutions’ commitment to providing comprehensive, multi-asset technology solutions that enhance trading performance and operational reach. With more than 350 clients in over 50 countries, Centroid continues to play a key role in equipping brokers with advanced trading technology, risk management, and connectivity solutions. Cboe Global Markets, one of the world’s largest exchange holding companies, brings unmatched scale as an exchange operator and market data provider. Its services span North America, Europe, and Asia-Pacific, offering real-time, historical, and derived data that help institutions and investors make informed decisions with speed and accuracy. Takeaway: The collaboration underscores how partnerships between fintech providers and global exchanges are reshaping multi-asset trading access.

Corpay, Inc. (NYSE: CPAY), a global leader in corporate payments, has announced that its Cross-Border business has entered into a multi-year agreement with the International Tennis Federation (ITF). Under the agreement, Corpay will serve as the Official Foreign Exchange Partner of both the ITF and the prestigious Davis Cup. Takeaway: Corpay expands its sports partnerships by becoming the Official FX Partner of the ITF and Davis Cup, enhancing its presence in global tennis. Supporting ITF Operations Through this partnership, the ITF will gain access to Corpay Cross-Border’s innovative solutions to mitigate foreign exchange exposure in its daily operations. The ITF will also benefit from Corpay’s award-winning platform, which provides seamless global payment management through a single access point. Takeaway: Corpay’s FX solutions will streamline ITF’s payment operations and reduce currency risk across its global activities. Executive Commentary Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions, said: “Corpay is honoured and excited to be named the Official FX Partner for the International Tennis Federation and the Davis Cup. We’re confident that the ITF, its member associations, and commercial partners will benefit from our comprehensive cross-border payments and currency risk management solutions. Our deep experience in sports—especially tennis—positions us well to deliver meaningful value. We look forward to supporting the ITF and playing a role in the continued global growth of tennis.” David Haggerty, ITF President, added: “We are pleased to welcome Corpay Cross-Border to the ITF’s family of official partners. Access to Corpay’s foreign exchange services will greatly benefit the ITF and our member nations. We also look forward to working alongside colleagues from Corpay on-site at Davis Cup events in 2025 and beyond to further promote the partnership.” Takeaway: Both Corpay and the ITF view the partnership as a way to strengthen tennis globally through financial efficiency and visibility at Davis Cup events. Industry Context Corpay continues to build its reputation as a trusted partner for international sports organisations, leveraging its expertise in cross-border payments and FX risk management. For the ITF, the partnership provides a strategic tool to enhance operational resilience and efficiency, while further integrating commercial partnerships into the sport’s global ecosystem. Takeaway: The agreement reflects a growing trend of fintech firms partnering with global sports bodies to align financial technology with international expansion.

Strategy (formerly MicroStrategy) and Japanese investment firm Metaplanet have emerged as the dominant buyers of Bitcoin in early September, together acquiring nearly two-thirds of all new supply issued by miners. Market data shows the two firms collectively purchased 2,091 BTC during the week ending September 8, 2025, an amount representing roughly 66% of the total 3,150 BTC mined. The majority of this accumulation came from Strategy, which added 1,955 BTC to its corporate treasury. At current market prices, the purchase was valued at approximately $217.4 million. Metaplanet, meanwhile, added about 136 BTC during the same period, rounding out the combined tally. With this activity, both firms reinforced their reputations as major institutional players in Bitcoin markets. Implications for the Bitcoin market The scale of these purchases has immediate implications for supply and demand dynamics. With a significant portion of new issuance absorbed by just two companies, less Bitcoin remains available for open market trading. Analysts suggest that such aggressive buying could add to upward price pressure by constraining circulating supply. More broadly, the move highlights a trend in which corporate entities are playing an increasingly large role in Bitcoin’s ecosystem. By taking a large share of miner issuance off the market, Strategy and Metaplanet are accelerating the institutionalization of Bitcoin ownership. This signals long-term conviction on the part of public companies, many of which are framing Bitcoin as a strategic reserve asset rather than a speculative investment. Institutional adoption trend continues Both Strategy and Metaplanet have been steadily building their Bitcoin positions over the past several years. Strategy, rebranded from its original MicroStrategy identity, is already the largest publicly traded corporate holder of Bitcoin. Its consistent purchases are part of an aggressive strategy to align the company’s balance sheet with what it views as digital gold. Metaplanet, a relatively newer entrant, has drawn comparisons to Strategy for its own rapid accumulation and Bitcoin-centric treasury management. Observers note that the timing of the latest purchases is also significant. Bitcoin’s supply schedule, halved every four years, already restricts new issuance. With the next halving expected in 2028, weekly mining output will fall further. Large-scale buying by institutions ahead of that event suggests confidence in Bitcoin’s scarcity-driven value proposition. The combined acquisition of 2,091 BTC by Strategy and Metaplanet underscores the tightening link between institutional demand and Bitcoin supply. If similar accumulation patterns continue, the influence of a handful of companies could reshape market liquidity and volatility. While retail interest remains a driver of day-to-day trading activity, the consolidation of ownership in corporate treasuries represents a structural shift. For now, the move solidifies Strategy’s role as Bitcoin’s most aggressive corporate backer while positioning Metaplanet as a significant regional counterpart. Both firms are likely to remain influential in shaping the trajectory of institutional adoption in the years ahead.

Ledger’s Chief Technology Officer, Charles Guillemet, has issued an urgent warning about an ongoing large-scale software supply chain attack targeting the Node Package Manager (NPM) ecosystem. According to Guillemet, a reputable developer’s NPM account was compromised, allowing malicious code to be distributed through widely used packages. Early estimates suggest the affected libraries could collectively account for more than a billion downloads, raising fears of far-reaching consequences across industries that depend on NPM. NPM is the default package manager for JavaScript and a foundational component for countless applications, including many crypto-related tools. By infiltrating a trusted developer’s account, attackers gain the ability to push updates that appear legitimate but contain malicious payloads. This type of compromise, known as a supply chain attack, has the potential to spread quickly, especially when downstream developers automatically update dependencies. Guillemet stressed the seriousness of the threat in a public statement, noting that the impact extends beyond the crypto sector but carries particularly acute risks for blockchain users. Applications such as web wallets, decentralized exchanges, and other platforms that interact directly with digital assets could be exploited if they unknowingly integrate compromised code. The most likely attack vector is the injection of address-swapping malware, which silently replaces a user’s intended recipient address with that of the attacker. Crypto users urged to take caution In response to the warning, security researchers and blockchain developers have recommended that crypto users exercise extreme caution. Several have advised against signing new on-chain transactions until the extent of the compromise is fully assessed. Hardware wallets, which require users to verify transaction details on a secure screen, are generally considered more resistant to this type of attack. However, experts emphasize that users must still carefully review every detail before confirming transfers. Developers are being urged to immediately audit their dependency trees, pin specific versions of packages, and scrutinize lockfiles to detect any suspicious updates. The incident serves as a stark reminder of the inherent vulnerabilities in open-source ecosystems, where trust in widely used libraries can be weaponized when a single account is breached. This is not the first time the crypto community has faced risks stemming from supply chain attacks. In late 2023, Ledger itself was affected by a compromise in its Connect Kit library, which briefly exposed users to malicious code before being remediated. The latest incident underscores that despite advances in security practices, the open-source software supply chain remains a high-value target for attackers seeking to exploit trust at scale. The investigation into the full scope of the attack remains ongoing. While no definitive list of affected packages has yet been released, the scale of reported downloads suggests the potential impact could be severe. For now, both end users and developers are advised to remain vigilant, verify transactions meticulously, and await further updates from security researchers tracking the threat.

eToro is preparing to step up its dealmaking after a string of smaller acquisitions, with co-founder Ronen Assia telling Bloomberg the Israeli trading platform has the cash to pursue more ambitious targets. The brokerage, which went public on Nasdaq in May under the ticker ETOR, ended June with $1.2 billion in cash, equivalents and short-term investments, giving it room to strike if opportunities arise. “We’re ready for more ambitious M&A,” Assia said, without giving specifics. From aborted SPAC to public market debut The fresh appetite for deals comes after a rocky route to the stock market. eToro had agreed in 2021 to merge with a blank-check company in a $10.4 billion transaction, only to scrap the plan a year later as market conditions soured. It later secured $250 million in March 2023 from investors including ION Group and SoftBank Vision Fund 2, at a valuation of $3.5 billion, before finally listing in New York this year. A track record of bolt-ons Up to now, eToro’s acquisitions have been focused on adding technology, regulatory licenses and niche customer bases rather than bulking up through scale. In 2019 it bought Firmo, a Danish start-up building smart-contract infrastructure, and Delta, a crypto portfolio tracker app. In 2020 it acquired Marq Millions, a UK e-money business, later rebranded eToro Money, which gave the broker the ability to issue debit cards and plug into payments networks. In 2022, eToro folded in Bullsheet, a portfolio-tools service created for its own users. A year later it completed the purchase of Gatsby, a US stock and options app aimed at younger traders. Most recently, in November 2024, eToro closed the takeover of Spaceship, an Australian savings and investment platform, in a deal worth up to A$80 million. That deal gave it a foothold in the country’s pension and long-term savings market. These acquisitions show a preference for buying capabilities that broaden the product suite and smooth out the volatility of retail trading revenues. The people behind the push eToro was founded in Tel Aviv in 2007 by brothers Yoni and Ronen Assia and their partner David Ring. Yoni, the chief executive, has positioned the company as a mass-market brokerage built around social features and the ability for users to copy one another’s trades. Ronen, with a background in industrial design, has been the architect of much of its product look and feel. The company now counts more than 35 million registered users worldwide and offers trading in equities, crypto, ETFs and commodities, with a strong retail base in Europe, the UK and Australia. Why now eToro’s renewed dealmaking mood comes as rivals are also expanding by acquisition. Robinhood recently agreed to buy crypto exchange Bitstamp for $200 million, while London-listed Plus500 bought India’s Mehta Equities brokerage earlier this year. Industry analysts expect eToro to pursue regulated platforms that open new geographies, as well as savings products that bring in recurring cash flows to balance its trading revenues. The Spaceship deal in Australia is likely to be an early test of how well it can integrate and cross-sell outside its core. For now, eToro is keeping details close to its chest. But with more than a billion dollars in liquidity and a public listing to draw on, the company has the means—and the timing—to join the front ranks of retail-brokerage consolidation.

The UK Financial Conduct Authority (FCA) has secured a two-year prison sentence for 85-year-old ex-NASA scientist John Burford, who defrauded more than 100 investors of £1 million through a fraudulent investment scheme operated between 2016 and 2021. Background of the Case Burford, based in Mansfield, ran Financial Trading Strategies Limited as its sole director. He falsely marketed himself as a skilled trader, using articles, blogs, and a book to attract unsuspecting investors. The FCA found he misled investors by overstating fund performance, concealing losses, and diverting funds for personal use, including property purchases and personal expenses. How the Fraud Worked Burford offered trade alerts and investments in three self-branded funds, despite lacking FCA authorisation. Investors entrusted him with significant amounts, drawn in by his self-promoted expertise. The court heard that many victims suffered severe financial and emotional harm as a result of his deception. Takeaway: Burford used his reputation as a supposed expert trader to build trust, underscoring how investor fraud often preys on credibility and confidence rather than verified performance. FCA and Court Statements Steve Smart, joint executive director of enforcement and market oversight at the FCA, said: “John Burford deliberately misled investors, stealing their money to fund his own lifestyle. We will pursue those who abuse investors’ trust and ensure they do not profit from their criminality.” In sentencing, His Honour Judge Coles described the fraud as a “sustained fraud causing much misery to investors,” adding that Burford “used other people’s hard-earned money as a cash fund to purchase a house and for living expenses.” He emphasised that “old age is never an excuse for avoiding punishment for serious offending.” Takeaway: The FCA continues to highlight its aggressive stance on financial crime, ensuring even older offenders cannot evade accountability. Legal Outcome Two years’ immediate imprisonment for Fraud by False Representation. One year each for three counts of unauthorised business under the Financial Services and Markets Act (FSMA), to run concurrently. Total custodial sentence: two years. Fraud by false representation carries a penalty of up to 10 years’ imprisonment, while carrying out unauthorised business can result in up to two years’ imprisonment and/or a fine. Victim Compensation and Enforcement The FCA is pursuing confiscation proceedings to seize Burford’s assets and compensate victims. The regulator is also urging any investors who may have been affected and not yet contacted to reach out via 0800 111 6768 or email opwinonaexternal@fca.org.uk. Takeaway: Victims may yet receive restitution as the FCA works to confiscate proceeds of crime and return them to investors. Context of Enforcement This conviction follows other high-profile FCA actions against investor fraud, including the recent case of Daniel Pugh, who operated a Ponzi scheme that raised more than £1 million. The FCA has made fighting financial crime central to its enforcement strategy to protect consumers and market integrity. Takeaway: The FCA is doubling down on its mission to protect market integrity and prevent consumer harm through targeted enforcement.

According to data by Token Terminal, Robinhood-backed USDG, a dollar-pegged stablecoin, has surged over 160% on the Solana blockchain in the past month, overtaking its supply on Ethereum. USDG crossed the $350 million circulating supply mark on Solana, compared to the stagnating $200 million on Ethereum, representing one of the fastest adoption curves for a new multi-chain stablecoin in 2025. What Happened: Why Did USDG Spike? Robinhood, Paxos, and a coalition of major fintech firms launched USDG as part of the Global Dollar Network in late 2024, with an explicit goal of bridging institutional and DeFi liquidity. Solana’s adoption accelerated this summer as USDG’s supply increased by 160% in just 30 days, a move confirmed by market data from Token Terminal. The rollout of USDG on Solana in February was part of a broader strategy to make the stablecoin multi-chain and more accessible for DeFi trading. USDG’s utility, including yield-generation and robust compliance frameworks (MiCA in the EU), has attracted both DeFi traders and institutions seeking alternatives to USDT and USDC. Partnerships with payment processors, wallets, custodians, and exchanges, including Robinhood, Kraken, and Paxos have fueled rapid adoption and deep liquidity. Investor Takeaway USDG’s 160% supply surge on Solana suggests growing confidence in new stablecoins that blend compliance, yield, and native DeFi access. Why Does Solana Matter More Now? Solana’s high throughput — averaging over 200 million monthly stablecoin transactions in Q1 2025 — and deep DeFi activity have made it a preferred chain for rapid-scaling tokens like USDG. After lagging Ethereum and Tron for years, Solana’s stablecoin supply rebounded sharply, with USDG’s rise outpacing established tokens like USDT and USDC in recent volume growth. For crypto traders, USDG on Solana offers lower fees, faster access to DeFi protocols, and robust liquidity, positioning it as a direct competitor to existing market leaders. Solana’s regulatory clarity, especially post-GENIUS Act, and its surge in daily active addresses (~4 million) created fertile ground for USDG’s ascent. How Are Markets and Rivals Reacting? USDG’s multi-chain model and institutional-grade compliance are shifting the competitive landscape. USDT and USDC still hold the largest stablecoin shares, but USDG’s “partner yield model” which shares earnings with ecosystem participants could disrupt entrenched positions. Stablecoin market watchers note that USDG’s approach of balancing regulatory security and DeFi yields appeals to both conservative financial players and aggressive traders. USDG is already seeing integrations with top exchanges, wallets, and payment platforms, and is poised to tap into the projected $300 billion stablecoin market by year end. Investor Takeaway Solana’s liquidity boom gives USDG critical momentum. But investors should watch out for chain-specific regulatory risks and competition from established coins. What’s Next: Can USDG Sustain Growth? Future upside hinges on USDG’s ability to deepen cross-chain integrations (Ethereum, Solana, and beyond), preserve its regulatory edge, and maintain lucrative yield offerings in a rising rate environment. Risks remain: rapid growth could draw enhanced scrutiny from global regulators, while technical vulnerabilities in newer protocols could threaten multi-chain assets. With USDG now the biggest “new” stablecoin on Solana, all eyes are on whether its adoption can be sustained in the face of competition from USDC and USDT, evolving DeFi trends, and shifting regulatory guidance. For traders and fintech strategists, USDG’s next moves, especially expansion plans and additional liquidity partnerships will provide critical data on the future of institutional-grade stablecoins.