Valverde Investment Partners has selected Broadridge to enhance its portfolio management, trade order management, and risk analytics processes. The newly established Singapore-based independent investment management firm specializing in ASEAN equities will leverage Broadridge on its newest fund launch.  Broadridge will strengthen Valverde’s operational efficiency, risk management, and data insights, enabling the firm to scale for growth. “ASEAN is increasingly recognized as a standalone investment asset class” John Foo, Founder and CIO of Valverde Investment Partners, has successfully launched several hedge funds and has been instrumental in strategizing the fund launch. “Demand is rising as ASEAN is increasingly recognized as a standalone investment asset class, and having proven operational technology in place is key to our ability to deliver our innovative investment strategies for years to come. Hock Meng Tan, Valverde’s Chief Operating Officer, said: “Our approach involves scanning the entire capital structure to identify the most favorable risk/reward trade-offs. Broadridge’s investment management solution provides the operational efficiency, flexibility and scalability we need to deliver bespoke client solutions at the scale the ASEAN market now demands.” Wout Kalis, Head of APAC Asset Management, Broadridge, commented: “We are pleased to power Valverde’s portfolio/trade order management operations and be part of their innovation and growth story as they provide specialty support for the ASEAN investment market. With their flagship fund, operational excellence and local expertise, Valverde is not just meeting a market demand but is setting new benchmarks for investment solutions in Asia.” Valverde ASEAN+ Fund for long-term absolute returns The recently launched Valverde ASEAN+ Fund, a Singapore Variable Capital Company, represents Valverde’s goal of achieving long-term absolute returns primarily composed of publicly traded equities within Southeast Asian countries. Broadridge’s SaaS-based investment management solution provides a multi-asset platform with integrated order, portfolio, and risk management for public and private markets. Valverde is committed to delivering optimal execution outcomes for investors across the 6 ASEAN markets, supported by in-house trading capabilities.  

Top federal agencies in the United States are collaborating to revise the definition of “money” as part of a broader effort to tighten reporting requirements for financial institutions handling local and cross-border cryptocurrency transactions. The U.S. Department of the Treasury revealed this regulatory initiative in its semiannual agenda issued on Aug. 16. The final notice of proposed rulemaking is expected to be issued in September 2025, pending regulatory clearance. The agenda, which includes input from the Board of Governors of the Federal Reserve System (FRS) and the Financial Crimes Enforcement Network (FinCEN), outlines plans to amend the Bank Secrecy Act to encompass cryptocurrencies under its definition of “money.” This move is intended to bring cryptocurrencies, often used as a medium of exchange but lacking legal tender status, under the same reporting rules as traditional fiat currencies. According to the agenda, the proposed changes ensures that the revised rules will apply to transactions involving convertible virtual currencies, which either have equivalent value to currency or serve as a substitute. The proposal will also extend the reporting requirements to digital assets with legal tender status, including central bank digital currencies (CBDCs). In related developments, the U.S. Department of Justice (DOJ) is also updating its regulations, specifically focusing on crimes involving artificial intelligence (AI). On Aug. 7, the DOJ urged the U.S. Sentencing Commission to update its guidelines to impose additional penalties for crimes committed with the assistance of AI. These recommendations seek to apply to any crime facilitated by algorithms, expanding beyond current guidelines. This regulatory tightening follows recent actions by the U.S. government, including the transfer of roughly 10,000 Bitcoin linked to a Silk Road raid. Earlier in June, Consensys requested the U.S. Internal Revenue Service (IRS) to delay implementing proposed tax regulations that require brokers and exchanges to report certain cryptocurrency sales. In a letter to the IRS, Consensys cited concerns about the burden these regulations would place on entities that do not traditionally have reporting obligations. The IRS published an early version of Form 1099-DA in April, following tax reporting rules proposed last August. These rules would treat crypto brokers similarly to traditional brokers handling stocks and bonds, requiring them to file 1099-DA forms for specific crypto transactions. The draft form categorizes brokers as kiosk operators, digital asset payment processors, hosted wallet providers, unhosted wallet providers, and others. Consensys, the developer behind the MetaMask wallet, criticized the draft form for its lack of clear instructions and overly broad definition of a broker, which could result in multiple parties reporting the same transaction.  

ATFX, a leading global CFD broker, proudly announces the launch of MetaTrader 5 (MT5) platform. This milestone not only underscores ATFX’s unwavering commitment to continually upgrading its customer service quality but also marks a significant leap forward in the brand’s mission to create an exceptional trading environment for investors worldwide. Over the years, ATFX has earned high recognition and widespread acclaim from clients globally, setting industry benchmarks with its superior product range, meticulous customer service, optimized user experience, and relentless platform innovation driven by intelligent technology. Now, MT5, as the outstanding successor and innovator to MT4, brings with it deep performance optimization and comprehensive technical upgrades, promising to open a new chapter in trading for investors. With MT5, users can enjoy intelligent trading systems, advanced charts and technical analysis, various order types and execution modes, and robust data protection features, ensuring a faster, stronger, and more convenient service experience. Moving forward, ATFX will continue to focus on the needs of global investors, consistently setting new industry standards. In the ever-evolving financial sector, ATFX ensures that each technological advancement precisely meets the traders’ needs, collectively charting the grand blueprint for the future financial landscape. About ATFX ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities, including the UK’s FCA, Cypriot CySEC, UAE’s SCA, Australian ASIC, and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide. For further information on ATFX, please visit ATFX website https://www.atfx.com.

South Korea’s National Pension Service (NPS), the third-largest public pension fund globally, has acquired nearly $34 million worth of shares in MicroStrategy. According to an Aug. 13 filing with the U.S. Securities and Exchange Commission, NPS acquired 24,500 MicroStrategy shares for $33.75 million. NPS, the largest investor in South Korea, manages over $777 billion in assets as of February 2024. The filing also revealed that NPS continues to hold investments in other tech and crypto-related companies, including a $51 million stake in Coinbase, $31.5 million in Roblox, and $61.5 million in Jack Dorsey’s Block. MicroStrategy has made headlines for its aggressive Bitcoin accumulation strategy, which began in August 2020. As of its latest earnings report, the company acquired an additional 12,222 Bitcoin during the second quarter of 2024, bringing its total holdings to 226,500 BTC, valued at $13.19 billion. This makes MicroStrategy the public company with the largest Bitcoin holdings, outpacing other major players in the crypto space, including Marathon Digital, the world’s largest Bitcoin miner. In its Q2 earnings call, MicroStrategy posted losses of $5.74 per share on a quarterly revenue of $111.4 million, a 7% decline year-over-year. The losses exceeded analysts’ expectations, which pegged a quarterly loss of $0.78 per share and $119.3 million in revenue. MicroStrategy said its BTC yield currently stands at 12.2% year-to-date, noting that it would target a rate of between 4%–8% annually over the next three years. The investment by NPS aligns with a broader trend of institutional interest in companies heavily involved in cryptocurrency. MicroStrategy’s stock has surged by 92.5% in 2024, surpassing $150 for the first time in over two decades. This strong performance has also attracted attention from other financial entities, with Defiance ETFs launching a U.S.-based fund that offers a 175% long daily exposure to MicroStrategy. Japan’s Government Pension Investment Fund, with nearly $1.5 trillion in assets, remains the world’s largest pension fund, followed by Norway’s Government Pension Fund, holding just over $1.3 trillion, according to the Thinking Ahead Institute’s Global Pension Assets Study.

Interactive Brokers has expanded its overnight trading offering to include Contracts for Difference (CFDs) on US stocks and ETFs. In addition to US Stocks, ETFs, and Index Options, this expansion allows clients to trade CFDs on US equities around the clock, five days a week, powered by Blue Ocean Technologies. CFDs on 3,500+ US stocks and ETFs Clients can now trade CFDs on over 3,500 US stocks and ETFs during overnight trading hours, from 8:00 pm to 3:50 am ET, Sunday to Friday. This enables traders across the globe to react to news and market events in real-time, regardless of their local time zone. CFDs provide an alternative to traditional stock trading with margin, offering leveraged exposure to the US equity market without owning the underlying asset. With lower margin requirements and no borrowing costs, traders can manage risk more effectively and optimize capital efficiency. “Our clients can now use the leverage of CFDs in overnight trading hours” Milan Galik, Chief Executive Officer of Interactive Brokers, said: “With the growing popularity and increase in overnight trading volumes, expanding our offerings to include CFDs on US equities is a strategic enhancement. “Our clients can now use the leverage of CFDs in overnight trading hours, enabling them to respond swiftly to market movements and optimize their trading strategies at any time, day or night. This added flexibility ensures our clients can capitalize on global investment opportunities.” IBKR provides automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies from a single unified platform to clients worldwide. The brokerage firm serves individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. IBKR launched ForecastEx Earlier this month, ForecastEx, a CFTC-regulated subsidiary of Interactive Brokers, went live with its Forecast Contracts on upcoming economic data releases and climate indicators. Forecast Contracts through ForecastEx facilitate a unique trading approach, allowing investors to hedge against or express conviction on the outcome of key economic and climatic events. The contracts provide a direct method for investors to protect their portfolios from volatility related to economic indicators or climate patterns. They are especially relevant for those invested in cyclical stocks and sectors like industrials, consumer discretionary, and real estate, which are highly sensitive to economic fluctuations. How ForecastEx works: If an investor believes an event will occur, such as an increase in the US Consumer Price Index above a specific value, they can buy a “yes” contract. Conversely, if they think the event will not happen, they can purchase a “no” contract. Contract purchase prices range from $0.02 and $0.99. The value of these contracts will continue to fluctuate based on market participants’ evolving judgment of probabilities, directly reflecting the collective market view of the likelihood of the event. Upon the event’s resolution (e.g., when the US Bureau of Labor Statistics announces the CPI), the contract settles at a predefined value — $1 for a correct answer and $0 for an incorrect one. ForecastEx contracts have weekly, monthly, quarterly, and annual durations. Interactive Brokers will pay interest at 0.5% under the prevailing Fed Funds rate on the closing market value of positions. Income interest accrues daily and is paid monthly, currently at a rate of 4.83% APR.

Former U.S. President Donald Trump holds between $1 million and $5 million in Ethereum, with additional income from non-fungible token (NFT) licensing fees, according to recent election disclosures. Although the filings only specify a general range for his Ethereum holdings, data from Arkham Intelligence estimates the value at around $3.6 million. In addition to his cryptocurrency holdings, Trump reported earning $7.15 million through a licensing agreement with NFT INT, a firm linked to the Trump Digital Trading Cards. His wife, former First Lady Melania Trump, reportedly earned $330,609 from NFT sales. Data from OpenSea reveals that Trump Digital Trading Cards have generated over 15,808 ETH in trading volume since their launch. In July, Trump announced plans to release another NFT collection. Despite his previous endorsement of cryptocurrency, Trump did not mention crypto in a recent X space interview with Elon Musk or during a press conference where he discussed various campaign issues. Separately, the Trump Organization, which manages Trump’s business ventures, is set to launch a new cryptocurrency initiative, according to a report by the New York Post. Eric Trump, the former president’s son and executive vice president of the Trump Organization, hinted at the upcoming project but withheld specific details, suggesting it might involve “digital real estate” and could enable lending and borrowing of funds. Earlier this month, Eric Trump voiced his support for crypto on X, stating, “I have truly fallen in love with Crypto / DeFi. Stay tuned for a big announcement.” He described the initiative as a potential disruptor in the banking and finance sectors, emphasizing its accessibility and potential to offer financial independence. Eric Trump also noted the challenges the Trump family has faced, citing financial discrimination and the desire for a financial system that doesn’t adhere to the traditional banking framework. “That day’s coming soon,” he told the Post.  

Nasdaq has selected Komainu as a Core Custodian for its suite of Crypto Indices, making the renowned crypto custodian a preferred choice for ETP issuers. Created in 2018 as a joint venture between Japanese custodian Nomura, blockchain experts Ledger, and digital asset investment manager CoinShares, Komainu has reached a new milestone with Nasdaq. How Komainu meets Nasdaq’s Core Custodian requirements Nasdaq’s Core Custodian requirements are designed to ensure the security and integrity of digital assets. Key criteria include: Bankruptcy remoteness: Legal protection and segregation of client assets in the event of custodian insolvency Regulatory compliance: Licensing by reputable regulatory bodies Segregation: Advanced security practices for private key generation and segregated storage Cold storage: Offline storage of private keys with multi-layered security measures Risk management: Comprehensive frameworks for operational and custody risk mitigation Asset recovery: Robust disaster recovery and operational continuity plans Auditing: Regular third-party audits of operational and security processes Insurance protection: Comprehensive coverage against various risks Paul Frost-Smith, co-CEO, added: “Komainu’s appointment as a Core Nasdaq Custodian reaffirms our position as a leading digital asset custodian. From inception, we’ve tailored our solutions to meet the stringent requirements of major financial institutions, providing them with a secure and reliable gateway to the digital asset ecosystem. Our bank-grade security measures, governance, and operational standards, now further validated by Nasdaq, have made us the preferred choice for ETP issuers like CoinShares and ETC Group.” Komainu is regulated by the Jersey Financial Services Commission (JFSC), the Dubai Virtual Assets Regulatory Authority (VARA), and holds an MLR registration with the UK Financial Conduct Authority (FCA) and an OAM registration in Italy. Fireblocks recently announced that Komainu is among the first five partners of its Fireblocks Global Custodian Partner Program, which provides a secure and seamless way to connect to licensed custodians across the globe. Other partners include CloudTech Group, Zodia Custody, Zerocap, and Rakkar. Komainu appointed Paul Frost Smith as co-CEO In May, Komainu announced the appointment of Paul Frost Smith as co-CEO, working alongside Robert Johnson who has been serving as interim CEO and has now been appointed as co-CEO on a permanent basis. The Komainu board of directors made the strategic decision to create a co-CEO role due to the highly complementary nature of each candidate’s skill set. With dedicated areas of ownership, the co-CEO structure will provide the breadth and focus required to capture the opportunity presented by the rapid growth in the digital assets market. Mr. Frost Smith’s career spans over 30 years in international financial markets, including recent experience in scaling digital asset businesses. In his most recent role, Frost Smith was co-founder and CEO of Corinthian, a leading digital asset investment management and advisory firm. His previous multi-strategy hedge fund, Castlegrove, was acquired by Millennium Management, LLC in 2008. In his role as co-CEO, he will focus on business strategy, development, and expansion as well as providing innovative and tailor-made client solutions. Robert Johnson joined Komainu as Chief Technology Officer (CTO) in October 2023 and has been interim CEO since February. Rob has extensive financial services experience having previously served as CTO and Partner at Coremont, as well as 18 years on the trading floor at MUFG Securities. In his role as co-CEO, Rob will continue to spearhead the development of Komainu’s institutional-grade digital asset infrastructure and drive innovation and excellence across the full tech offering.

Rostro Group has announced the appointment of Mark Foulger as Managing Director, Digital Asset Innovation. The prime brokerage and capital markets fintech group of companies will have Mark Foulger providing strategic planning for the digital asset class, including the construction of systematic market-making and automated risk management strategies. Mark Foulger founded Ellipse Trading Mark Foulger will also be using his knowledge and experience to coordinate and oversee the creation of alpha generation models across a wider range of asset classes. The new Managing Director for Digital Asset Innovation will leverage decades of experience in FX sales as well as his entrepreneurial flair to the role which focuses on the complex demands placed on a multi-asset, multi-jurisdictional brokerage when it comes to leveraging data and technology, along with principal market making in various asset classes. Previously, he took a year-long break after founding and leading Ellipse Trading from May 2021 to August 2023. Ellipse Trading was a London-based market maker for institutional clients and ECNs.  Before that, he was Head of Sales at Tokkyo FX and held senior sales roles at Tradair, Integral Development Corporation, London Capital Group, and GFT UK. He began his career at ING Financial Group. “A true powerhouse in the CFD, FX and investing field” Michael Ayres, CEO of Rostro Group, commented: “Mark is a powerful addition to the team, having worked in a number of market making, hedge fund, broker-dealers and technology companies over the last 20 years. As our latest high-profile addition, we believe this underlines the fact that Rostro Group is a true powerhouse in the CFD, FX and investing field. The best talents in the industry want to work with us and we look forward to learning from Mark’s invaluable insights, too.” Mark Foulger as Managing Director, Digital Asset Innovation, Rostro Group, said: “The CFD and FX trading industry is now truly a mature one and for many that seems to have dampened the demand to innovate. However, Rostro Group is a genuine exception here, as can be seen with the launch of multiple new products and investing initiatives. I am delighted to be part of the team and look forward to participating in this fast growth business which is shaping the future of investing. Rostro rebrands its retail FX/CFD broker Scope Markets Rostro Group also recently rebranded its Belize-based FX and CFDs brokerage Scope Markets to just “Scope”. The rebranding shows that the company has completely evolved into an all-encompassing financial services provider and paves the way for the introduction of a new suite of products to serve a broader range of customers. Recent developments to support this initiative include the launch of unleveraged fractional equity CFDs and the deployment of a new, user-optimized onboarding process. Further product innovations will be announced in the coming months. Scope offers a range of account types, including traditional multi-asset, multi-currency CFD trading accounts which can be opened directly or via a network of introducing brokers. In addition, the new Scope Invest account has been designed to offer market access to all, enabling unleveraged CFD trading with a minimum deposit of just $50. Last year, Rostro Financials Group, a fintech group focused on capital markets and digital assets, completed the acquisition of Scope Markets. Scope, domiciled in Belize and regulated by the International Financial Services Commission (IFSC), was previously controlled by UAE-based entrepreneur Serkan Ismailoglu. The Middle East-focused broker also operates regulated entities in Africa, Cyprus, and Mauritius. Rostro is led by Michael Ayres, the former chief operating officer at Equiti Capital. Prior to Equiti, Ayres, who has over 15 years of experience in the forex industry, was the operations director at GKFX. This week, Scope appointed Fraser Nelson as Global Head of Business Development, where he will be responsible for overseeing the broker’s global growth agenda at a retail level.

The U.S. Securities and Exchange Commission (SEC) announced that 26 financial firms, including broker-dealers and registered investment advisers, have agreed to pay a total of $392.75 million in civil penalties for failing to maintain records of off-channel communications. The SEC charged each firm with violating specific recordkeeping requirements under the Securities Exchange Act, the Investment Advisers Act, or both. Additionally, the firms faced charges for failing to supervise their staff to prevent and detect these violations, according to the agency. The SEC also stated that each firm was censured and ordered to cease and desist from further breaches of the relevant recordkeeping rules. The SEC’s enforcement action targeted firms including Ameriprise Financial Services, BNY Mellon Securities Corporation, Edward D. Jones & Co., LPL Financial, and RBC Capital Markets, among others. Each firm admitted to violating federal securities laws related to recordkeeping and has begun implementing improvements to address these issues. Some of the largest fines were as follows: Ameriprise Financial Services: $50 million Edward D. Jones & Co.: $50 million LPL Financial: $50 million Raymond James & Associates: $50 million RBC Capital Markets: $45 million BNY Mellon Securities Corporation and Pershing: $40 million TD Securities (USA), TD Private Client Wealth, and Epoch Investment Partners: $30 million Osaic Wealth: $18 million Additional penalties were levied against firms like Apex Clearing Corporation, Cowen and Company, First Trust Portfolios, and Haitong International Securities (USA), totaling $34.15 million. Three firms—Cetera Advisor Networks, Hilltop Securities, and Truist Securities—self-reported their violations, leading to reduced penalties. The SEC remains “committed to ensuring compliance with the books and records requirements of the federal securities laws, which are essential to investor protection and well-functioning markets,” Gurbir Grewal, director of the SEC’s Division of Enforcement, said in a statement. In a separate move, the Commodity Futures Trading Commission reached settlements with The Toronto Dominion Bank, Cowen and Company, and Truist Bank over similar issues. Earlier in February, the SEC ordered 16 firms to cough up a total of $81 million to settle charges related to off-channel communications. Just last week, Raymond James agreed to pay $50 million to settle a similar investigation with the SEC, and LPL said back in May that it would also pay $50 million to settle related allegations.

UK Fintech giant Revolut has teamed up with hardware wallet firm Ledger to expand cryptocurrency payment options in specific European Economic Area (EEA) countries. Announced today, the partnership will allow Ledger customers to buy and sell cryptocurrencies, including Bitcoin, through Revolut’s on-ramp service, Revolut Ramp. The alliance will integrate Revolut as an official buy provider within Ledger’s wallet application, Ledger Live, in 27 EEA countries, including Bulgaria, Denmark, Ireland, Malta, and Switzerland. The partnership is said to simplify the process of buying cryptocurrency while maintaining full digital ownership. Revolut customers who have completed Know Your Customer (KYC) checks can now bypass additional verification steps when buying crypto through Ledger, making the process faster and more secure. Revolut Ramp also allows non-Revolut customers to complete KYC checks and make purchases using Visa or Mastercard in minutes. The integration includes Revolut Pay as a payment method on Ledger, facilitating instant online payments. Revolut, the UK’s highest-valued fintech company, has been providing cryptocurrency services since 2017 and currently serves over 40 million customers globally. “We’re delighted to be working with Ledger, a leader in the self-custody space, as we further cement Revolut as the go-to financial app for crypto investors,” said Revolut’s general crypto manager Emil Urmanshin. Meanwhile, Ledger has integrated MoonPay’s instant crypto purchasing and token swap capabilities into its Ledger Live. The collaboration also introduces a limited-edition Ledger x MoonPay Nano X hard wallet, which is purple and includes a $25 crypto voucher from MoonPay. A one-year subscription to Ledger Recover, a key recovery service, will soon be available with this product. Ledger already allows users of its popular crypto hardware wallet to buy cryptocurrency directly in the App with bank cards after it has inked a partnership with Canadian payments firm Nuvei. The agreement gives Ledger users a fiat onramp to conduct and settle crypto transactions, a grey area of business where a gauntlet of KYC requirements and other regulations kick in.

TMGM, or Trademax Global Markets, and Premier League club, Chelsea FC, have struck up a multi-year extension of their partnership. The deal continues the West London club’s ‘Official Regional Online Forex and Trading Partner in Asia Pacific’ status for TMGM. The partnership, which began in 2023, will further engage Chelsea’s fanbase across the region and capitalize on TMGM’s market presence. The full financial terms were not officially disclosed, but according to some industry estimates TMGM is set to pay six figures a year for such a luxury. Sports partnerships stretching into $10 million are no longer a surprise and more of an expectancy at the top clubs. TMGM said it will leverage the extended partnership to deepen connections with Chelsea fans and its customers in the Asia-Pacific region. The collaboration includes initiatives such as exclusive content, events, and experiences tailored for TMGM clients and Chelsea supporters. Casper Stylsvig, Chelsea FC’s Chief Revenue Officer, said: “We are delighted to extend our partnership, and provide additional value to TMGM and its customers thanks to the broader rights of the deal.” TMGM’s Chief Commercial Officer Nick Yang also highlighted the opportunities the partnership presents to integrate trading expertise with the passion of Chelsea’s fanbase. “Our continued collaboration with Chelsea FC underscores our commitment to excellence and innovation. We are excited to integrate our trading expertise with the passion of Chelsea’s fanbase in the Asia-Pacific region. This partnership will create unique opportunities, foster deeper connections, and deliver exclusive experiences for both TMGM and Chelsea fans,” he added. TMGM is a multi-regulated, Australia-based global forex broker founded in 2013. The company has several branches and is regulated by the Australian Securities and Investment Commission (ASIC), the New Zealand Financial Markets Authority (FMA) and the Vanuatu Financial Services Commission (VFSC). TMGM has a history of sponsoring major sporting events in the Asia-Pacific region, including the Australian Open and the ASEAN Football Federation Mitsubishi Electric Cup. Earlier in October, TMGM was hit with two temporary stop orders from ASIC, Australia’s financial regulator. These orders stop the broker from opening new trading accounts or offering CFDs and margin FX contracts to retail investors.

AI. These two letters are absolutely everywhere. It is almost impossible to open a web browser without being immediately directed toward a plethora of high-profile media featuring the latest AI initiatives from a wide range of business sectors. By June this year, stock in hardware giant NVIDIA flew past the $135 mark, giving the company a market capitalisation of $3.34 trillion, overtaking Microsoft. Why is this interesting? NVIDIA staved off the obsolescence that other hardware companies suffered by maintaining its position as a graphics card stalwart for gamers and crypto miners, and subsequently going headlong into AI. A hardware company with a Magnificent 7-style market cap shows massive investor confidence in the use of AI within user experience. The electronic trading industry is no exception. Development capital is pouring into AI initiatives and there have been a range of recent depictions by brokerage firms and technology providers with regard to how this can come to fruition. Toward the end of July, retail CFD and social trading giant eToro released an AI-based advertisement for the forthcoming Olympic Games in Paris which will be shown on televised coverage for the duration of the event, with the cast of the video being AI-generated characters as eToro users. eToro’s use of AI in the advertising campaign during the Olympic Games in Paris looks toward providing audio-visual insight to the investing public on how the company enables investors across the world to access global markets and connect with one another to grow their knowledge. Considering the online nature of the electronic trading industry, adding that ‘personal touch’ to the trading experience has long been a challenge. It is difficult to demonstrate the human connection between brokerage companies and traders due to the online nature and therefore perhaps one role of AI lies within marketing initiatives such as this. In Dubai in January this year, I debated the future of AI in trading alongside fellow electronic trading technology experts who agreed that AI has a place in the world of electronic trading, but that place may not be within any area of order execution. Rather, it would be a key advancement in natural language processing and the swift, rational arrangement of market-related content which can then be put in front of traders to help them make informed decisions. If this can be considered a worthy viewpoint, AI has a future as an information enricher, rather than as a component within trading topography. AI within front-end trading interfaces – Old cannot meet new If AI has been such a significant attention-grabber in all areas of internet-related activity due to the supposition that it will be the next major advancement in technology, there must be a method by which it will eventually shape the interface between trader and broker. Perhaps the development of AI toward how traders interact with their brokers may begin to be a catalyst that could begin to change the look and feel of trading platforms. Many front-end platforms feature an obsolete graphical interface, there are a lot of also-rans, and condensing the chart-based, information-heavy front ends down toward the simplified mobile-oriented apps from neo banks and crypto exchanges has been a difficult task for the brokerage industry. The more that AI becomes prevalent within the FinTech environment, hanging the way users interact with platforms. It will lead to many new developments, possibly each company will have its own vision of how it will be implemented. Some examples are where a platform vendor integrates AI into existing systems, whereas we build a new interface from scratch. It is perhaps inevitable that AI will become increasingly prevalent within the FinTech environment, and in doing so it could transform the way users interact with retail trading platforms. This evolution is driving numerous new developments, with each company likely to have its own vision for AI implementation. Some platform vendors may have chosen to integrate AI into their existing systems to enhance functionality and user experience, while others may build entirely new interfaces from scratch. These diverse approaches reflect the flexibility and potential of AI to revolutionize the trading landscape, offering personalized and efficient solutions tailored to the needs of modern traders. The integration of AI into trading platforms is not just about enhancing current capabilities but also about redefining the user experience. By leveraging AI, companies can provide advanced data analysis, predictive insights, and automated trading strategies that were previously somewhat limited or offered via legacy third party solutions. Generative AI pioneers such as Chat GPT or AI powered search engines such as Perplexity have begun to cause their users to adopt entirely new habits regarding reaching information. Now these generative AI services have to somehow be able to be used by traders in tandem with trading platforms, which presents a huge challenge and a deficit in the ability to keep up with the way traders find information via systems such as ChatGPT or Perplexity compared to how legacy trading platforms operate. These generative AI solutions are relatively new but have taken the world by storm, so if it can be considered that many traders will be using these to aggregate and rationalize huge amounts of information from the internet, they would have to then try to process this information and execute it on a trading platform which is relatively unchanged in its format since the early 2000s which is the computer science world’s equivalent to the Paleolithic period. Should the development of AI have to be used alongside legacy platforms, a degree of user unfriendliness would result, especially when considering the way younger people interact with the internet. It is more reasonable for firms to come up with new generation trading interfaces which include the right selection of new tools to suit these new habits. It is therefore likely that AI-derived platforms, or platform interfaces which have been designed to work integrally with AI will not resemble the current architecture of the generic masses which feature similar characteristics such as candlestick charts and graphs and whose basic architecture dates back two decades, which in terms of software development is the dark ages. If voice command systems such as Siri, itself a speech recognition AI, become combined with trading platforms that have been designed with AI in mind,, information could be delivered via voice prompts, meaning that mobile platforms and web platforms may well be of completely different designs to each other, and AI will influence their form and function in future. There could also be an extension toward ancillary services which are used in the electronic trading industry. This summer, Erik Voorhees, a famous name for many years within the cryptocurrency world, founded a privacy-focused AI platform which uses blockchain for permissionless payment, as well as web3 infrastructure for local browser storage and end-to-end encryption. This is another clear indicator that trading platforms will be very different to their existing form once AI becomes more mainstream, and electronic trading companies saddled with inflexible and outmoded platforms run the risk of being left behind. Of particular note is that many companies in the cryptocurrency exchange sector are largely invested in the production of intuitive and simple apps which engage their customers, therefore initiatives from the cryptocurrency world are perhaps a sign of things to come in other sectors of the fintech and financial services industry. New generation of tech for a new generation of traders At TraderEvolution Global, we have looked closely at the dichotomy between the need to address fragmentation of market information whilst at the same time resolving the issue relating to incompatibility of ultra-modern generative AI solutions with generic, legacy trading platforms. The TraderEvoluton AI Assistant is now available as a prototype, a pioneering development within the electronic trading industry of AI as a native feature within the front end trading interface. The sheer volume and quality of content being produced today, coupled with advancements in technology, is paving the way for the emergence of a novel intermediary layer between consumers and the original sources of information and services. The TraderEvolution AI Assistant was developed to filter, format, and compress information, delivering it to consumers in a personalized style and format. Such rationalization of information is a significant boon to brokers wishing to provide quality services to retail traders of all levels of experience and adds important value to the user experience for the retention of existing traders whilst helping new traders learn the market in a less fragmented and easier-to-understand manner. The importance of developing AI solutions in this vein has become a focal point of development within bridge providers recently too. As July drew to a close, Centroid Solutions unveiled a Beta release of a multi-lingual AI solution that is distributed to brokerages via the Centroid bridge, demonstrating that the remit of bridge providers extends further than liquidity connectivity and order flow management into the realms of content and information distribution. Algos have trading automation covered, AI has content aggregation capabilities Opinions appear to be quite well formed with regard to the use of AI within electronic trading at its current stage within a wide range of executives within a range of companies. The consensus within discussions I have recently had on the subject of the role of AI within electronic trading has been quite uniform in that its current wave of development has its use case clearly defined within the content arena, be that market information for traders or the ability for brokerages to create a more engaging relationship with their customers as per the marketing angle taken by eToro. The overall consensus however is that being able to provide market analysis and news aggregation which can be presented in an easy to understand form via generative AI integrated into platform front ends is an important step to take. Lee Goldfarb at Edgewater Markets recently told me “I think that the way AI is marketed within the FX marketplace will be pivotal. Historically, the FX and CFD market has not always attracted the best market participants, and a lot of people get burned because of pseudo-courses, and most consumers don’t do very well. Educating customers is very important but it is equally important to see who is creating the material. We need to have well educated consumers understanding the risk they are taking, and AI content aggregation can be a way of showing people what happens with a leveraged trade and where it could go, if it is used in this way, it would be amazing for consumers as they would be able to make informed choices.” This viewpoint is particularly poignant in that brokerages offering solely OTC products such as CFDs in a world in which regulators are insisting on the publication of warnings on their websites and marketing material relating to percentages of clients which make a loss, would be able to provide effective information to clients in order to increase their analytical skills toward more sophisticated and less risk-oriented asset classes. AI as a method of honing traders skills Being able to grow the skills of a trader who can be more confident during initial stages as a novice, and then move toward other product ranges via an AI assistant presenting easy-to-read information relating to various global markets is important. During my many conversations with brokerage executives, the despondency which results from the practice of conducting client acquisition campaigns which attract novice traders that have small initial deposits and limited expertise is clear. Spending thousands of dollars to acquire a client, only to then experience a small first time deposit which is then lost, is a negative experience for both broker and client, and has contributed toward the high percentage of losses within CFD traders being a regulatory moot point to the extent that in the United Kingdom, the average percentage of clients which make losses must be published on broker websites. Being able to nurture client relationships via clear, effective information would be a great step toward remedying this matter. Traders can be shown where things are in the market. Thus, novice traders can then move forward from CFD trading toward other asset classes, growing themselves as a trader through content. In this type of trading environment, AI may be able to point out and show different scenarios, perhaps historical events such as the worst 10 days in the market on a particular asset class, or ‘this is how much you can lose. Do you want to take up more correlated assets?” thus giving the tools and knowledge to be more responsible. Sitting down and working out a model like this is a lot of work, whereby an AI assistant can provide a quick snapshot. In this case, perhaps CFD trading could be viewed as an entry-level product, and information provided by AI could empower traders to move up the asset class order without a long period of study as it presents them with information. Overall, brokerages can view AI as more than a retention tool. It is far more valuable than that. Come and see us at the TraderEvolution Global booth at the forthcoming Finance Magnates Pacific Summit in Sydney, Australia, where you can see the new TraderEvolution AI Assistant in full detail. I will also be engaging with fellow executives on the Centre Stage at that particular event, where ‘Technology and Asset Offering Beyond MT4’ will be the hot topic. Join us there on August 28 at 1400 AET!

The market is resurging, and we know why. As MinePro’s highly anticipated presale hits over $700,000 in its first few hours, the crypto market is buzzing with activity. Alongside MinePro, Solana and Blast are making headlines thanks to their continued strength despite recent adversity. Let’s take a look at the recent trends and achievements of these three golden eggs, and what makes them set to hatch. Solana: Neutral Patterns and Market Momentum Traders have identified a neutral pattern on Solana’s price chart, signaling the potential for a bullish phase soon. Over the past seven days, Solana (SOL) has bounced up in price after its recent extreme dip, causing this sentiment rather than a more bearish one. Despite Solana’s issues that raise concerns once in a while, like the infamous network outages that are “memed” to death on X and other degen-adopted platforms, crypto trading experts have highlighted Solana’s potential for new highs as a strong contender to BNB. Blast: The Speedrun to greatness, bringing Yield Innovations Blast, an Ethereum Layer-2 scaling solution, has ascended to the sixth-largest blockchain globally at almost record speed, boasting over $1.4 billion in total value locked (TVL). Launched by the brilliant team behind the Blur NFT marketplace, Blast leverages optimistic rollup technology for fast and cheap transactions while maintaining Ethereum mainnet security. The unique native yield feature witnessed on Blast distinguishes it from other L2s competing for attention. Despite some concerns surrounding centralization due to its multi-signature wallet custody, nothing seems to put a stop to the Blast Hype Train.  MinoPro: Innovative Energy Solutions and High Profits Amongst all this buzz, sits MinePro, the protocol tokenizing Bitcoin mining. With their brand new presale raising over $700,000 just hours after opening, MinePro is already turning heads in the crypto community. And the secret sauce? A strategic partnership with Logic Mining, giving the project access to power at a jaw-dropping rate of just 0.02 cents per kWh to mine Bitcoin. Thanks to these low energy costs, MinePro can deliver high profitability for whoever stakes their token $MINE, as they then get to watch their Bitcoin rewards roll in, with stability reminiscent of Solana’s robust network and Blast’s clear yield mechanisms.  Security and transparency are the bedrock of Minepro’s operations. Thanks to a rock-solid 5-year energy contract, $MINE holders can rest easy knowing their profits won’t vanish overnight.  MinePro’s efficiency and cost-effectiveness mirror the sleek, high-speed transactions Solana boasts about, and the yield generation Blast offers. With a good positioning in terms of timing and technology, great things can be expected out of its fast-approaching launch, with analysts predicting over a 50x in $MINE price in it’s first month after launch. Experts, investors, and degens in the space are watching closely, anticipating significant interest in reawakened Bitcoin growth in the 2024 bull run, ruled by BTC at the start of the year. Projects building with Bitcoin have experienced great success as the market wishes for its narrative to prevail. Final Closing Words: In summary, MinePro’s presale is coming through with great timing. The project is undoubtedly positioned as one of the leading projects at the moment. As contenders like Solana continue to demonstrate strong market performance, and now with fresh blood like Blast joining the ring, it’s a good time to be a web3 investor. With its strategic partnership with Logic Mining and innovative technology, MinePro is set to attract significant attention as the presale approaches. As the market continues to showcase successes such as Solana and Blast, all three stand out as top choices to invest in for those seeking returns while supporting teams that wish to make a difference. Invest In The MinePro Presale Now: MinePro Presale: https://mineprobusiness.net/ MinePro Discord: https://discord.gg/dWtWJjwNYy MinePro Telegram: https://t.me/MineProBitcoin 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 on this page 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 herein.

Moderating US inflation, coupled with market optimism, has led to currency fluctuations and expectations of potential Federal Reserve policy adjustments. 1. Moderation in US Inflation Offers Potential for Monetary Policy Adjustments The July US Consumer Price Index (CPI) revealed a year-over-year increase of 2.9%, marking a deceleration from the previous month’s 3.0%. This aligns with market expectations and signals a potential cooling of inflationary pressures. The core CPI, which excludes volatile food and energy components, also exhibited a downward trend. These figures could influence the Federal Reserve’s monetary policy stance. Historically, a sustained decline in inflation has often led to adjustments in interest rate policies. If this trend persists, the Federal Open Market Committee (FOMC) may consider a less aggressive tightening path or even a potential rate cut to stimulate economic growth. 2. Economic Data Drives Currency Market Volatility The release of the US CPI data induced fluctuations in the US Dollar Index. The index, which measures the value of the dollar against a basket of major currencies, experienced volatility as market participants assessed the implications of the data for the US economy and monetary policy. Concurrently, the Euro strengthened against the Pound Sterling following the publication of softer-than-expected UK inflation figures. This cross-currency movement highlights the sensitivity of foreign exchange markets to economic data releases. Shifts in inflation rates, employment figures, and other macroeconomic indicators can significantly impact currency valuations. 3. Market Sentiment Optimistic Amidst Inflation Data Investor sentiment leaned towards optimism following the release of the US CPI data. The market’s reaction was primarily driven by expectations of a potential Federal Reserve interest rate cut. A decline in inflation often reduces pressure on central banks to maintain restrictive monetary policies. Consequently, investors may anticipate a more accommodative stance from the Fed, which can boost asset prices across various markets. However, it’s essential to note that market sentiment can be influenced by a multitude of factors beyond inflation data, such as geopolitical events, global economic conditions, and investor risk appetite. Main Economic Events for this week: 1. RBNZ Interest Rate Decision (NZD) – 08/14/2024 02:00:00 – Impact: High – Description: The Reserve Bank of New Zealand (RBNZ) makes a crucial decision on the official interest rate, influencing the cost of borrowing and overall economic activity. A rate hike could indicate efforts to curb inflation, while a cut might aim to stimulate the economy. 2. Consumer Price Index (MoM) (GBP) – 08/14/2024 06:00:00 – Impact: High – Description: The UK Consumer Price Index (CPI) measures the change in the price of goods and services. A higher-than-expected CPI suggests rising inflation, which could lead to changes in monetary policy. Its closely watched by the Bank of England. 3. Gross Domestic Product (QoQ) (EUR) – 08/14/2024 09:00:00 – Impact: High – Description: This quarterly report indicates the growth rate of the Eurozone economy. It reflects the overall economic performance and is a critical indicator for investors and policymakers, influencing currency strength and market confidence. 4. Consumer Price Index (MoM) (USD) – 08/14/2024 12:30:00 – Impact: High – Description: The U.S. CPI measures the average change in prices over time for a basket of goods and services. It is a key indicator of inflation and can influence Federal Reserve policy, impacting interest rates and financial markets. 5. Industrial Production (YoY) (CNY) – 08/15/2024 02:00:00 – Impact: High – Description: This metric shows the annual change in Chinas industrial output. As a leading global economy, China’s industrial production is a significant indicator of global economic health. A rise in production suggests strong economic activity, while a decline could signal economic slowing. 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.

Scope Markets has appointed Fraser Nelson as Global Head of Business Development, the company announced today. Nelson joins Scope Markets with over a decade of experience in the leveraged trading industry. His most recent role was as Head of Institutional Clients at Doo Group, where he focused on building relationships with institutional clients and supporting business growth across multiple regions. Before his time at Doo Group, Nelson served as Head of Business Development at Centroid Solutions. His career also includes positions at PrimeXM and HotForex, where he managed business development efforts in various international markets. Nelson’s experience spans across multiple key regions, including the EU, U.S., Africa, and Asia, where he has led initiatives to strengthen client relationships and drive growth, his Linkedin profile shows. John Murphy, Chief Revenue Officer at Scope Markets, said he is confident in Nelson’s ability to lead business development, citing his strong background in key growth markets and his solid track record in sales strategies. “We are thrilled to welcome Fraser onboard to lead our Business Development efforts. With his extensive experience in our key growth markets, Fraser brings a wealth of expertise that aligns perfectly with our expansion goals. His proven track record in successfully delivering against sales development strategies will be invaluable in accelerating our global growth and helping us achieve remarkable new milestones,” John Murphy added. This appointment comes on the heels of Scope Markets’ recent rebranding, which reflects the culmination of its business transformation after it was acquired by Rostro Group. As part of this effort, the company has rolled out unleveraged fractional equity CFDs and streamlined the onboarding process for users. Commenting on his new role, Fraser Nelson said: “I am incredibly excited to join the Scope Markets team. Scope’s reputation for innovation and their commitment to delivering exceptional solutions and service, aligns perfectly with my professional values and vision. I look forward to collaborating with the talented team at Scope to drive strategic growth, further expand our global footprint and forge impactful partnerships. Together we will build on Scope’s success and place it at the forefront of the market.”

Gold can be expected to fall toward the next support level 2385.00. – Gold reversed from resistance area – Likely to fall to support level 2385.00 Gold under the bearish pressure after the earlier downward reversal from the resistance area located between the pivotal resistance level 2470.00 (which stopped the previous impulse waves (1) and 1, as can be seen from the daily Gold chart below) and the upper daily Bollinger Band. The downward reversal from this resistance zone is likely to form the daily Japanese candlesticks reversal pattern Evening Star – if the price closes today near the current levels – strong sell signal for Gold. Given the strength of the aforementioned resistance area, Gold can be expected to fall further toward the next support level 2385.00 (low of the previous minor correction 2). Gold can be expected to fall toward the next support level 2385.00. 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.

The Financial Commission, an independent external dispute resolution (EDR) body, today announced the addition of multi-asset broker YaMarkets as its latest member effective August 14, 2024. Founded in 2016, YaMarkets is a forex broker based in Saint Vincent and the Grenadines, offering trading on Forex, commodities, indices, and cryptocurrencies through the popular MetaTrader 4 and MetaTrader 5 platforms. YaMarkets runs several regulated entities. YaMarkets Limited, a registered name of Ya Group Ltd., is incorporated in Mauritius with Company No. C19165091 and is regulated under License Number C119023898. The company is also registered in St. Vincent & the Grenadines as an International Business Company with registration number 26065 BC 2020. The membership reflects YaMarkets’s commitment to keeping up high standards in dispute resolution and customer service in the trading world. With this new membership, YaMarkets traders now have additional assurances that their service provider complies with the Financial Commission’s strict quality standards. Furthermore, YaMarkets customers will now benefit from protections of up to €20,000 per claim under the Commission’s Compensation Fund, which acts like an insurance policy. The Financial Commission serves as an alternative to traditional regulatory resolution processes like arbitration or court systems, offering a simpler and more direct way to resolve conflicts between traders and brokers. It is supported by the Dispute Resolution Committee (DRC), which consists of esteemed industry professionals. The organization not only mediates disputes but also provides execution certifications for approved brokers to mitigate execution-related disputes before they evolve into formal complaints. The inclusion of YaMarkets reflects the growing demand for independent, unbiased dispute resolution services in the financial sector. Earlier in March, the Financial Commission released insights from its 2023 case studies, spotlighting the main themes and results in disputes between traders and financial service providers. The results show the relevance and necessity of such organizations in today’s trading environment. In May, the Financial Commission appointed Aytugan Khafizov Founder and CEO of FastMT to its Dispute Resolution Committee (DRC). He is the 37th industry expert to join the Financial Commission’s DRC since its inception in 2013. The DRC consists of a diverse panel of industry professionals, who follow a non-bias protocol to process and resolve complaints from members’ clients. Aytugan joins the Financial Commission during a time of expansion for the self-regulatory association. The commission recently added several new members to its existing roster.

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the Australian Securities Exchange (ASX) in Federal Court. The corporate regulator accuses the exchange of making misleading and deceptive statements regarding its now-shelved blockchain-based project to upgrade its trading systems. ASIC claims that in early 2022, ASX falsely stated that the project to replace its Clearing House Electronic Subregister System (CHESS) was “on track for go-live” in April 2023 and was “progressing well.” The regulator alleges that, at the time, the project was not proceeding as planned, and country’s largest market operator had no reasonable basis to suggest it would be ready by the proposed date. ASIC Chair Joe Longo said, “We believe this was a collective failure by the ASX Board and senior executives at the time,” highlighting that the project was, in fact, facing significant challenges. ASX responded by stating that it is reviewing the allegations, with Managing Director and CEO Helen Lofthouse acknowledging the seriousness of the proceedings. The project launched in 2016 to replace the aging CHESS system with a distributed ledger technology (DLT)-based system. However, after several delays and $170 million in spending, the project was paused in November 2022 following an Accenture report that identified major issues with the design. ASX ultimately abandoned the blockchain plan to explore more conventional alternatives. ASIC has yet to determine the penalties it will seek in the case. The move comes shortly after the ASX approved its first spot Bitcoin (BTC) exchange-traded fund (ETF), issued by US asset manager VanEck. This development was part of a broader trend in the Asia-Pacific region following the recent approval of the first batch of spot bitcoin and ether ETFs in Hong Kong. VanEck is leveraging its global expertise and infrastructure from approved spot Bitcoin ETFs in the U.S. and similar products in Europe. ASX, which handles about 80% of the equity trades in Australia, has been actively engaging with several issuers interested in launching crypto asset-based ETFs.

ATFX is pleased to announce the launch of the ATFX Client Funds Insurance. This comprehensive insurance policy assures the safety and security of client funds up to USD 1,000,000 per Claimant, further strengthening ATFX’s commitment to protecting client assets and providing a secure trading environment.  All clients of AT Global Markets Intl. Ltd. and AT Global Markets LLC are eligible for insurance coverage. “Your Fund’s Security, Our Priority” ATFX prioritizes client funds’ safety and security. With the launch of the ATFX Client Funds Insurance under the slogan “Your Fund’s Security, Our Priority,” clients can now trade with even greater confidence, knowing that an additional layer of protection protects their funds. This commitment to fund security sets ATFX apart and reinforces its dedication to ensuring the best trading experience for clients. Underwritten by Lloyd’s of London – The Gold Standard in Insurance ATFX has partnered with Lloyd’s of London, the oldest and largest insurance market globally, to underwrite the ATFX Client Funds Insurance. This collaboration brings unparalleled expertise and a stellar reputation in the insurance industry, assuring clients that their funds are securely protected under Lloyd’s of London’s comprehensive coverage. Coverage Limit ATFX ensures that each claimant is insured for up to USD 1,000,000, adhering to the limits and terms and conditions specified in the policy. ATFX Chairman Joe Li said, “We’re committed to delivering exceptional trading experiences while prioritizing customer satisfaction and innovative technology. The launch of the ATFX Client Funds Insurance is a testament to this commitment and represents yet another milestone in ATFX’s mission to provide secure and reliable trading solutions for our clients.” About ATFX ATFX is a leading global fintech broker with a local presence in 23 locations. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide. For further information on ATFX, please visit ATFX website. 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.

Given their mainstream appeal, memecoins are among the few narratives with a long shelf life. This intersection of crypto and fun has onboarded millions of new users to Web3. At the forefront of this movement are Dogecoin (DOGE) and Pepe (PEPE). Following the recent market downturn, these altcoins trade on the downside. The intersection of TradFi and DeFi is equally important and one of the most innovative projects at this crossroads is DTX Exchange (DTX). This new player combines the best elements of centralized (CEX) and decentralized (DEX) exchanges, giving users the best of both worlds. DTX Exchange (DTX): Aiming for 100x Gains DTX Exchange (DTX) is a novel project to bet on this year for several reasons. For starters, its hybrid protocol is set for adoption as it will reshape the $10 billion global trading market. It will allow seamless trading of traditional asset classes and DeFi tokens, bridging the gap between TradFi and crypto. The DTX Exchange is being built on the Ethereum blockchain, leveraging its robust infrastructure and smart contract capabilities to build a decentralized and secure trading platform. Its total token supply will be capped at 475 million, with 50% going into presale and the rest into company reserve, the team, ecosystem development, advisors and airdrops. Bearing the above in mind, adoption is all but certain. At its current price of $0.04 in round 2 of the presale, a potential 100x jump is projected after its market debut. This makes it one of the best cryptos to invest in, even ahead of top memes like Dogecoin and Pepe. Dogecoin (DOGE): Comeback Approaches Dogecoin (DOGE), the pioneering memecoin, successfully carved out a niche in the crypto space. It launched in 2013 as an experimental project and has onboarded millions of new users to crypto since its debut. Its lightheartedness and easy-to-understand narrative—a dog-themed cryptocurrency—make it a retail favorite. It was one of the biggest highlights during the 2021 bull market. A peak price of $0.7 was registered on May 8, 2021—a bit shy of $1. However, there has been over 80% decline in the Dogecoin price since then. The recent market downturn pushed it further into bearish zones, sparking concerns. Nevertheless, a bounce seems to be around the corner. A popular Dogecoin price prediction suggests a jump past $0.3 before the month’s end, clearing a path toward a new peak. Pepe (PEPE): Eyes on a New Peak Pepe (PEPE), a frog-themed cryptocurrency, stands out from the prominent dog meme crypto narrative. It was inspired by the 2000s internet meme Pepe the Frog, becoming a top altcoin after its debut in 2023. With plenty of room for growth, it is a favorite not only among retailers but also institutional investors. The Pepe coin price has gone on several discoveries this year, highlighting its growing adoption. The latest was in May, during the buzz around Ethereum ETFs. However, amid profit-taking and the wider market downturn, it swung low, plummeting by over 50% from its peak. On the bright side, the Pepe coin is in an attractive buy zone. The already budget-friendly altcoin presents an even lower entry point, positioning it among the best coins to invest in. A new peak is anticipated before the month’s end, making it a promising wave not to miss out on. Conclusion Despite the recent drop in momentum, Dogecoin and Pepe are on a bullish path, with a comeback on the horizon. Meanwhile, DTX Exchange has been tipped for a 100x upswing after its launch. To ride this huge bullish wave, we recommend checking out this presale. Visit the official DTX Exchange (DTX) website for the latest updates and information. 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 on this page 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 herein.