Here’s what’s shaking up the trading world: FPFX wins a fraud case against Funded Engineer, Revolut pledges €1B to France, and Bloomberg’s outage stirs global markets. Airwallex hits a $6.2B valuation, Deriv bets on AI with a new CEO, and Trading 212 crosses €30B in assets. Let’s break it down.
Exclusive: FPFX Tech CEO Speaks Out After Winning Fraud Judgment Against Funded Engineer
FPFX Technologies has secured a judicial default ruling in Florida against Funded Engineer and its principals, Tristian Talbot and Harri Sawicki, following a legal battle centered on allegations of fraud. Read More
Revolut to Invest €1 Billion in France, Eyes Banking Licence and Paris Hub
London-based fintech giant Revolut plans to invest €1 billion ($1.1 billion) in France over the next three years as it moves to expand its footprint in Western Europe and seeks a French banking licence. Read More
FX Industry Prepares for Volume Surge With Infrastructure Overhaul and AI Integration
A new wave of investment is sweeping through the institutional FX market as firms within the FX industry prepare for a sharp rise in volumes and technological disruption. Read More
Bloomberg Outage Disrupts Global Trading and Rattles Markets
Government bond auctions in the UK and European Union were delayed on Wednesday after a widespread technical outage hit Bloomberg’s terminal services, a popular tool for global financial markets. Read More
Airwallex Lifts Valuation to $6.2 Billion in $300 Million Funding Round
Airwallex said Wednesday it has raised $300 million in fresh capital, boosting its valuation to $6.2 billion, an 11% rise from its last funding milestone in 2022. Read More
Deriv Appoints Rakshit Choudhary as CEO to Lead AI-Driven Strategic Shift
Deriv has appointed Rakshit Choudhary as its new Chief Executive Officer, signaling a leadership evolution that places artificial intelligence at the core of the company’s future growth strategy. Read More
Trading 212 Reports €30 Billion in Client Assets and 4.5 Million Users
Trading 212 has surpassed €30 billion in client assets and now serves over 4.5 million clients globally, as the broker solidifies its standing as the fastest-growing savings and investment platform in the United Kingdom. Read More
Circle is reportedly up for grabs at a $5B valuation, with Ripple and Coinbase circling. Bybit now lets users trade stocks with USDT, while Kraken plans tokenized U.S. stocks via Solana. HSBC rolls out blockchain-based deposits in Hong Kong, and CZ pushes back hard against a WSJ report tying him to a Trump-linked crypto deal. Here’s the scoop.
Circle Seeks Buyers at $5B Valuation, Ripple and Coinbase Reportedly in Talks
Circle Internet Financial, the company behind the USDC stablecoin, is reportedly exploring acquisition offers at a valuation of at least $5 billion, even as it pursues plans to go public, according to Fortune. Read More
Bybit Launches Stock Trading With USDT via Metatrader 5
Bybit has introduced direct trading of global stocks using USDT, becoming the first major cryptocurrency exchange to offer a unified platform for trading crypto, equities, commodities, and forex from a single account. Read More
Kraken to Offer Tokenized U.S. Stocks to Overseas Clients via Solana
Kraken is preparing to roll out tokenized U.S. stocks to clients outside the United States, as the crypto exchange broadens its focus beyond digital assets and edges closer to traditional financial territory. Read More
HSBC Launches Tokenised Deposit Service in Hong Kong Powered by Ant International
HSBC has launched a Tokenised Deposit Service in Hong Kong, marking the territory’s first blockchain-based settlement system led by a bank. Read More
CZ Hits Back at WSJ Report Linking Him to Trump-Linked Crypto Deal
Changpeng Zhao, the co-founder and former CEO of Binance, has fired back at a Wall Street Journal article suggesting he played a behind-the-scenes role in a politically connected crypto venture, calling the piece a “hit job” filled with inaccuracies. Read More
