Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.
FX Market
FinanceFeeds joins Fintech Unplugged: Afterparty as Official Media Partner
The Fintech Unplugged: Afterparty, organized by Finery Markets, in collaboration with Nexpay and Sumsub, is set to take place on Wednesday, June 19, from 18:30 to 23:00 GMT+3 at the elegant Cinéma Bar in Limassol, Cyprus. Read More
US sanctions trigger major shifts in Russian FX market, says Sergey Romanchuk
The U.S. sanctions imposed on June 12 against the Moscow Exchange and its clearing entity, the National Clearing Center (NCC), are set to cause massive disruptions in the Russian currency market, according to FX industry veteran Sergey Romanchuk. Read More
IG launches tastytrade-powered US options and futures in the UK
IG has launched US-listed options and futures trading for UK self-directed retail traders looking to access one of the fastest growing markets globally. Read More
eToro brings financial education to Elon Musk’s X
eToro has partnered with X, formerly known as Twitter, to bring accurate and accessible investment content to the platform, with the program rolling out across the UK, Germany, France, Italy, Spain, the UAE, and the United States. Read More
BNY Mellon rebrands to BNY after 240 years in banking
BNY Mellon has announced that after 240 years in operation and being America’s oldest bank, the financial institution has rebranded to BNY, with changes to the logo including a modern font, a refined arrow, and a distinctive teal color. Read More
Mogo and Postmedia announce financial news channel in Canada
Mogo has teamed up with Postmedia to launch a new content channel with news and information on wealth-building aimed at educating Canadians on how to invest, accumulate wealth, and manage it effectively to achieve their financial goals. Read More
Crypto Digest
Crypto.com secures VASP license in Ireland
Crypto.com has received approval as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland, enabling it to further its offering in Ireland, including crypto-to-fiat exchanges and fiat wallets. Read More
Ripple and Archax team up for tokenization with XRPL
Ripple and Archax have extended their existing collaboration which is expected to bring hundreds of millions of dollars of tokenized real-world assets (RWAs) onto the XRP Ledger (XRPL) over the coming year and establish the XRPL as one of the leading blockchains for RWA tokenization. Read More
Binance onboards 40 million users in six months
Despite ongoing legal and regulatory challenges, Binance’s growth remains strong. The world’s largest cryptocurrency exchange expanded its user base to 100 million customers. Read More
OKX users compensated after SIM-swap attack
OKX, the world’s second-largest cryptocurrency exchange by trading volume, has has quietly reimbursed users who lost funds in a SIM-swap attack last week, according to Chinese crypto reporter Wu Blockchain. Read More
Terraform and Do Kwon fined $4.5 billion to settle with SEC
Terraform Labs and its co-founder Do Kwon have reached a final settlement with the U.S. Securities and Exchange Commission (SEC) regarding a fraud case, according to a court filing on Wednesday. Read More
MicroStrategy raises $500M to buy more Bitcoin, now holds 214,400 BTC
MicroStrategy, the largest corporate investor in bitcoin, plans to raise $500 million through a convertible senior note offering, with an option for an additional $75 million. Read More
Ripple seeks $10 million penalty citing Terraform fine in SEC case
Ripple Labs wants to reduce the financial penalties proposed by the U.S. Securities and Exchange Commission (SEC) by leveraging recent fines imposed on Terraform Labs. Read More
Gemini Earn users to recover $2.18 billion in crypto payouts
Cryptocurrency exchange Gemini has agreed to pay $50 million worth of digital assets to investors in its Gemini Earn program as part of a settlement with the New York Attorney General. Read More
