Welcome to the “Weekly Roundup,” where we dig into the latest headlines in Forex, Fintech, and cryptocurrency. This week, the spotlight is on the Securities and Exchange Commission (SEC) targeting NFTs, WazirX pointing fingers at Binance, and Binance’s founder CZ walking free. Dive in to stay updated and ahead in these dynamic fields.
U.S. Options Market Expansion
IEX’s New U.S. Options Exchange
The Investors Exchange (IEX) has revealed plans to launch a new U.S. options market. Utilizing IEX’s unique solutions for risk management and markout optimization, this electronic venue will cater to the entire multi-listed options market. Read More
SEC’s Regulatory Actions
SEC Charges Crypto Scams NanoBit and CoinW6
The U.S. Securities and Exchange Commission (SEC) has filed charges against two fraudulent cryptocurrency platforms, NanoBit and CoinW6. Read More
Lime Trading’s New Leadership Team
Lime Trading has appointed Eva Sehic as its new Chief Executive Officer and Johan Sandblom as President. Their expertise is expected to drive significant growth and innovation.Read More
Fintech Developments
NAGA Integrates Within Telegram
NAGA has become the first trading platform fully integrated within Telegram, which boasts a user base of over 950 million. This integration aims to streamline trading activities for users. Read More
Macquarie’s $79.8 Million Settlement
Macquarie Investment Management Business Trust (MIMBT) is set to pay $79.8 million due to charges from the SEC relating to retail mutual funds fraud. Read More
Wintermute’s Crypto CFD Volume Soars
Wintermute’s digital asset derivatives trading arm has reported an impressive 19-fold increase in its Crypto CFD volumes since its launch. Read More
Crypto Market Updates
SEC Targets NFTs
The SEC has issued an order against Flyfish Club, LLC for conducting an unregistered offering of NFT-based crypto asset securities. The move has sparked debates about regulatory overreach in the NFT space. Read More
Binance Founder CZ to be Released
Changpeng Zhao, the founder of Binance, is expected to walk free next week, according to the U.S. Bureau of Prisons. This news follows a turbulent period for the crypto exchange giant. Read More
Revolut’s New Stablecoin Venture
London-based fintech Revolut, recently valued at $45 billion, is reportedly advancing towards launching its very own stablecoin. This move marks another significant step in their expanding crypto offerings. Read More
FTX Auditor Settles with SEC
Prager Metis, a New York auditing firm, has agreed to pay $1.95 million to settle SEC charges, including negligence in auditing the crypto exchange FTX. Read More
Celsius CEO’s Legal Battle
Ex-Celsius CEO Alex Mashinsky is facing a possibility of 100 years in prison and is requesting testimony from former employees to support his defense. Read More
TrueX Exchange Launched by Former Coinbase Executives
A new digital asset exchange, TrueX, has been launched by a team of former Coinbase execs, using PayPal’s stablecoin PYUSD for settlements. Read More
WazirX Blames Binance
Following the $230 million hack of Indian crypto exchange WazirX in July 2024, the company has blamed Binance for hindering the repayment process to hack victims. Read More
Bitget’s Partnership with La Liga
Crypto exchange Bitget has announced a multi-million dollar sponsorship with Spain’s top football league, La Liga, solidifying its presence in the sports world. Read More
Terraform Bankruptcy Plan Approved
A U.S. bankruptcy court has approved Terraform Labs’ plan to wind down operations as part of its Chapter 11 bankruptcy proceedings. Read More
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