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The Ripple-SEC settlement cannot take effect until the Court of Appeals formally signs off on the stipulation.
Share link:In this post: Digital Currency Group (DCG) has filed a lawsuit against its subsidiary, Genesis Global Capital LLC, concerning a $1.1 billion promissory note. The $1.1 billion promissory note is a safeguard that Genesis had in place. Genesis also sued DCG for $2.1 billion to get more funds to pay back additional customers, accusing it of fraud and mismanagement amounting to $3.1 billion.
Share link:In this post: Trump’s administration is negotiating a government equity stake in Intel using Chips Act funds. The move aims to rescue Intel’s delayed Ohio factory and boost U.S. chip production. Lip Bu Tan, Intel’s CEO, gained $29M as Intel stock surged 15% since his March appointment.
Share link:In this post: Hedge fund Brevan Howard is now the biggest shareholder of IBIT with 37.5 million shares. More entities are gaining or increasing their exposure to IBIT with Havard disclosure being most significant. IBIT has now crossed $90 billion in assets under management.
Share link:In this post: The S&P 500 and Nasdaq both fell Friday, while the Dow rose slightly, boosted by a 12% surge in UnitedHealth. Applied Materials dropped 14%, dragging chip stocks lower, and consumer sentiment slipped due to inflation fears. Buffett, Burry, and Tepper revealed large stakes in UnitedHealth, sending the stock to its best day since March 2020.
Share link:In this post: Trump and Putin held a three-hour meeting in Alaska but reached no agreement on ending the war in Ukraine. Zelenskiy was not invited, and no ceasefire or follow-up summit was confirmed. Trump claimed progress but admitted major issues remain unresolved.
- 07:07Hong Kong Monetary Authority: Digital Hong Kong Dollar to be promoted for personal use, preparatory work expected to be completed in the first half of next yearAccording to Jinse Finance, citing Ta Kung Wen Wei, the Hong Kong Monetary Authority (HKMA) stated in its "Digital Hong Kong Dollar" Pilot Program Phase II Report that eleven pilot groups have participated in the second phase of the project, covering three major themes: tokenized asset settlement, programmable payments, and offline payments. The report emphasizes that the "Digital Hong Kong Dollar" will gradually expand to the individual user level, with the relevant technical, legal, and commercial mechanisms expected to be ready in the first half of 2026, at which time broader application channels will be available to the public and enterprises.
- 06:56Fosun International Securities becomes Asia's first Solana ETF participating brokerJinse Finance reported that Fosun Wealth Holdings Limited ("Fosun Wealth Holdings") subsidiary Fosun International Securities Limited ("Fosun International Securities") announced that it has officially become the participating dealer for Asia's first and only Solana ETF—"ChinaAMC Solana ETF" (stock code: 3460.HK), providing both in-kind and cash creation and redemption services to help institutional and individual investors seize cutting-edge opportunities in the digital asset sector. This ETF is issued by China Asset Management (Hong Kong) Limited and is the first Solana spot ETF approved by the Hong Kong Securities and Futures Commission. It is also the third type of cryptocurrency-based spot ETF approved in Hong Kong after Bitcoin and Ethereum, marking another significant step in the financialization of digital assets in the Asian market. The fund was listed on the Hong Kong Stock Exchange on October 27, further enriching the local digital financial product matrix and strongly consolidating Hong Kong's position as Asia's Web3 financial hub.
- 06:38Brazilian listed company OranjeBTC acquires 7 more bitcoins, bringing its total holdings to 3,708 bitcoins.Jinse Finance reported, citing market sources: A certain exchange listed on the Brazilian stock market has newly purchased 7 Bitcoins (Bitcoin), bringing its total Bitcoin holdings to 3,708.