Fireblocks has joined Stablecoin Standard, a global industry body for stablecoin issuers, as an industry partner to help establish governance and security standards for the issuance of stablecoins. Stablecoins – a type of digital asset whose value is pegged to a specific asset or basket of assets – offer a host of benefits in areas such as cross-border and tokenized money payments, including enabling instant transactions, increasing efficiency, and reducing costs. They also continue to serve as a crucial gateway, or on- and off-ramp, between traditional fiat currencies and the digital asset ecosystem, with the fiat-backed stablecoin market capitalization currently valued at $151.5 billion. Stablecoin Standard will leverage Fireblocks’ expertise to establish comprehensive industry standards for stablecoins. Fireblocks delivered 10+ stablecoin projects The renowned enterprise platform for building blockchain applications and managing digital asset operations has delivered more than 10 stablecoin projects and is in active conversations with more than 25 banks globally who are exploring the creation of bank-issued stablecoins or tokenized deposits. Within the next two years, Fireblocks expects the value of tokenized money on the blockchain to reach $450 billion. Stablecoin Standard will leverage Fireblocks’ expertise in this realm, drawing from its extensive experience with deploying and securing smart contracts across 70+ blockchains – including public, private, and permissioned blockchains – for some of the largest financial institutions in the world such as ANZ Bank, Tel Aviv Stock Exchange, and Bank of International Settlements (BIS) Innovation Hub’s Project Mariana. “We believe that all forms of money will be tokenized” Varun Paul, Senior Director, Financial Market Infrastructure & CBDC Business Lead at Fireblocks, joins Stablecoin Standard’s Policy Working Group. Paul previously spent over 14 years at the Bank of England (BoE), most recently serving as the Head of its Fintech Hub. Ran Goldi, SVP Payments and Network at Fireblocks, joins the Stablecoin Standard’s Advisory Board. “Becoming a member of Stablecoin Standard aligns with Fireblocks’ mission of enabling every business to easily and securely support digital assets, ensuring security is front and center of stablecoin issuance. We believe that all forms of money will be tokenized, and to make sure we are not creating a non-interoperable world, we need to put in the work, and collaborate as an industry on the fundamental standards moving forward,” said Goldi. Christian Walker, Chairman & Co-founder of Stablecoin Standard, commented, “In working with Fireblocks, we hope to leverage their extensive expertise in building best-in-class wallet infrastructure, setting the industry standard for both compliance and security for digital asset wallets. Having Fireblocks onboard will be key as we look to push these standards globally, and we look forward to collaborating with more experts to establish comprehensive industry standards for what is arguably digital assets’ strongest use case: stablecoins.”

Indian cryptocurrency exchange CoinDCX has introduced an investor protection fund to safeguard users from losses due to security breaches. This initiative was announced by Sumit Gupta, the co-founder of CoinDCX, in an interview with CoinDesk. Starting with nearly $6 million (INR 50 crore) sourced from profits, Gupta hopes other exchanges will adopt similar measures to benefit the ecosystem. “This fund represents around 1.8% of the roughly $350 million in customer funds we hold,” Gupta explained. “We plan to increase it gradually, contributing 2% of our monthly brokerage income. The idea is to start somewhere and then reassess this figure over time. While international exchanges have implemented similar measures, we aim to set a precedent in India.” The move follows a $230 million hack at rival exchange WazirX last month, which impacted 45% of customer funds held in a single wallet. Gupta criticized WazirX’s response plan and added that CoinDCX’s funds are diversified across multiple wallets to reduce risk. Gupta noted, “This is about 1.8% of our $350 million in customer funds. We can’t ensure 100% security, but we aim to protect our customers even in rare cases of breaches.” WazirX founder Nischal Shetty described the hack as unprecedented, but Gupta insists CoinDCX’s fund is a proactive measure, not a reaction to WazirX’s incident. “Absolute security cannot be guaranteed,” Gupta admitted. “Our approach ensures that even in the rare event of a breach, our customers remain protected. Unlike WazirX, we diversify our funds across multiple wallets. This fund is another measure in our ongoing efforts to enhance security.” India’s WazirX crypto exchange came under fire after unveiling a plan to implement a “socialized loss strategy” in response to the July 18 security breach that resulted in the loss of $230 million, or about 45% of its assets. The breach targeted WazirX’s multisig wallet on the Ethereum network. Over 200 different crypto assets were stolen, including Shiba Inu, Ethereum, Polygon, and PePe memecoin. However, many criticized this approach, arguing that it unfairly penalizes users for the breach. CoinDCX co-founder Sumit Gupta stated that the company should first absorb the losses before passing them on to customers. “Making customers directly absorb the 45% losses is utter nonsense. The poll options are also framed in a manner to protect the business first and not the customers,” Gupta added.

The world’s gone digital—almost. While many individuals have embraced cryptocurrency, digital coins are not yet universally accepted. So, how does someone convert digital money into real-world money? Specifically, converting Ethereum (ETH) to US Dollars (USD) is becoming commonplace. Below are easy steps to take to convert Ethereum to US Dollar. Getting Started: What You Need First things first, you’ll need a few essentials to get started: A Digital Wallet: This is where your ETH is stored. A Crypto Exchange: This platform allows you to swap your ETH for USD. Bank Account or PayPal: This is where your converted USD will go. Choosing the Right Exchange Picking the right crypto exchange is like choosing a bank. You want one that’s trustworthy and easy to use. Some exchanges also offer better rates or lower fees. In addition, some are more user-friendly for beginners while others have a bit more complexity for individuals who are more experienced. Setting Up Your Account Once you’ve chosen your exchange, you’ll need to set up an account. This usually involves providing some personal information and verifying your identity. Transferring Your ETH to the Exchange With your account set up, the next step is transferring your ETH from your digital wallet to the exchange. Here’s how: Log into your exchange account. Find the ‘Deposit’ section and select Ethereum. Copy the wallet address provided by the exchange. Go to your digital wallet, paste the address, and send the ETH. Converting ETH to USD Finally, you’re ready to convert ETH to USD. On your exchange platform: Find the ‘Sell’ option. Choose Ethereum and the amount you want to convert. Select USD as the currency you want to receive. Review the transaction details, including any fees. Confirm the transaction. The exchange will process your request and your ETH will be turned into USD. Withdrawing Your USD After converting, your USD will be in your exchange account. To get it into your bank account or PayPal: Navigate to the ‘Withdraw’ section of the exchange. Select USD and your preferred withdrawal method. Enter your bank account or PayPal details. Confirm the withdrawal. The time it takes for the money to reach your account can vary. Bank transfers might take a few days, while PayPal could be quicker. Keeping Track of Fees Fees are an important aspect to consider. They can vary based on the exchange and the amount you’re converting. Always check the fee structure on your chosen platform to avoid surprises. Some exchanges have higher fees but offer better security and service, so it’s a trade-off. Transaction fees can include: Deposit Fees: These are charged when you transfer ETH to the exchange. Conversion Fees: These may be applied during the ETH to USD conversion. Withdrawal Fees: These may be obtained when you transfer USD to your bank account or PayPal. Staying Safe Lastly, always prioritize security. Use strong, unique passwords for your accounts and enable two-factor authentication (2FA). This adds an extra layer of protection to your funds. Practice Makes Perfect Converting ETH to USD might seem a bit daunting at first, but with the right tools and a bit of patience, it is quite manageable. Choose a reliable exchange, keep an eye on fees, and always prioritize your security. And finally, enjoy spending your digital currency as ready-to-use cash as you see fit. 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.

Bybit reached a monumental milestone in daily trading volume, reinforcing its position as a leading cryptocurrency exchange. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, recently hit a significant milestone, achieving a daily trading volume of over 107 billion. This figure is a fourfold increase compared to Bybit’s daily average trading volume of 25 billion, reinforcing its status as a major player in the cryptocurrency market. Diverse Trading Activities Fuel Record Volume The surge in trading volume was driven by active trading across various products, including perpetuals, futures, spot, and options. Bybit’s dedication to offering a top-tier trading experience and its robust platform infrastructure played a crucial role in this growth. Commitment to Platform Stability and Security Bybit emphasizes providing a secure, stable, and efficient trading environment. The platform employs advanced security measures such as triple-layer asset protection and strong privacy protocols to safeguard user funds and information. Additionally, Bybit’s trading system boasts a Trading Per Second (TPS) capacity of 800,000, up from the previous 500,000, ensuring exceptional performance. Expanding Global Reach and User Trust Supporting over 20 languages, Bybit serves a global user base of more than 39 million registered users. This growth highlights the platform’s appeal to traders worldwide. Bybit is dedicated to offering unparalleled user support, with 24/7 customer service available to assist with any inquiries. “We are thrilled to announce this historic achievement,” said Joan Han, Sales & Marketing Director at Bybit. “This record-breaking trading volume is a testament to Bybit’s dedication to providing a world-class trading platform that meets the evolving needs of our users and growing community. We are committed to maintaining our position as a leading cryptocurrency exchange by continuously enhancing our offerings and prioritizing user satisfaction.” About Bybit Bybit stands as the world’s second-largest cryptocurrency exchange by trading volume, catering to over 39 million users globally. Since its establishment in 2018, Bybit has offered a professional platform equipped with an ultra-fast matching engine, 24/7 customer service, and comprehensive multilingual community support. Additionally, Bybit is a proud partner of the Oracle Red Bull Racing team, the reigning champions in Formula One’s Constructors’ and Drivers’ categories. For more details about Bybit, please visit Bybit Press.  For media inquiries, please contact: media@bybit.com For more information, please visit: https://www.bybit.com For updates, please follow: Bybit’s Communities and Social Media  

It usually only takes one trigger for the financial markets to wake up from their dream world. Our indicators have been showing for some time that they are dancing on an ever-thinner rope. See ‘Pretiorates’ Thoughts 37 – The US Equity Market, the last man standing?‘ from July 5, 2024. The smart investors have been distributing for some time. In the first wave of selling at the beginning of July, there was still an ‘exaggeration’ that suggested that a recovery was once again possible. This is no longer the case during the selling wave of the last few days. An indication that the selling pressure is not yet over, even if there will always be recoveries… The scenario became really bearish in mid-July… However, pessimism is now very high, which suggests a recovery of a few days… The strength indicator of a longer-term nature has already declined sharply… With the absolute high, the Nasdaq Index has also already shown a divergence – the accumulation of smart investors has already declined since mid-June (blue area)… Here, too, massive pessimism is now evident, which suggests a countermovement… In absolute terms, there has also been a clear decline in the strength of Nasdaq stocks since the beginning of July… A lot of money was borrowed in yen by means of carry trades in order to obtain liquidity for other investments. The unwinding of these loans caused the Nikkei to take the biggest hit – and now has the highest recovery potential this morning… When pessimism is at its strongest, shaky investors have already sold their positions. A good prerequisite for there to be more buyers than sellers again – and thus rising market prices… Of course, the European stock markets also suffered badly. However, the distribution was rather panicky in nature (exaggeration), which means that they also have the potential to start a stronger recovery… However, the pessimism in the European markets has been prevalent since May (blue area in negative territory) – and is not particularly pronounced. Apparently, the weakness has clearly taken people by surprise… In order to find out whether only a brief recovery and renewed waves of selling are to be expected – or whether the correction phase is already over – we analyze the relevant indicators: Compared to the 50-day moving average, volatility has turned massively negative – common in typical panic markets indicating a short-term low… The spread (difference) between the spot and six-month volatility index is extremely high. This is the market’s way of telling us that it expects a calmer phase in six months’ time… The skew index shows how expensive put options are, the volatility index how high the actual concern is. A high ratio indicates that people are hedging but are not really worried about a correction. This is no longer the case… The fear in the stock market has spread massively… The summary of several short term indicators as mentioned above suggests that the market should see at least an interim low these days… The long-term ‘General Sentiment Indicator’ is falling, but has not yet (?) reached negative territory. It therefore still seems too early for long-term buying… One might expect that the strong fear would lead to large put purchases. However, this is not the case: the put/call ratio has not even reached negative territory yet. This suggests that the bears’ attack is likely to last even longer…

Japan-based investment advisor Metaplanet announced a “gratis allotment of its 11th series of stock acquisition rights to all common shareholders” following a decision made at the company’s recent board of directors meeting. The company plans to raise 10 billion Japanese yen, equivalent to around $69.13 million, with 8.5 billion yen ($58.76 million) set for investment in Bitcoin. All common shareholders will receive the stock acquisition rights as of September 5, with the allotment becoming effective from September 6 onward. The decision to invest the majority of the raised funds in Bitcoin is based on the expected long-term appreciation of the cryptocurrency and its potential to hedge against currency depreciation. Last month, Metaplanet stated it adopted bitcoin as a reserve asset to mitigate risks associated with Japan’s massive debt burden and the yen volatility. Japan’s net debt to gross domestic product (GDP) ratio was the highest among G7 countries in 2023, at around 159%. The move also shortly after the Japanese stock market saw its worst one-day drop since 1987 after the Bank of Japan raised rates on short-term government bonds on July 31. This shift triggered a massive sell-off of cryptocurrencies, with Bitcoin and Ether falling 18% and 26%, respectively. Metaplanet’s move follows its previous investments in Bitcoin. On July 8, the company acquired $2.5 million worth of BTC, totaling 42.5 BTC. After this purchase, Metaplanet held 203.7 BTC, bought at an average price of roughly $62,000 per BTC. In April, the firm announced its entry into Bitcoin as a treasury asset, making its initial purchase for $6.5 million. At the Bitcoin Conference in Nashville on July 25, Metaplanet executives highlighted the firm’s strategic pivot to Bitcoin. CEO Simon Gerovich described how the firm was showing signs of becoming a “zombie company” before adopting Bitcoin. Gerovich stated, “We realized that Bitcoin is the apex monetary asset and would make a great element for the Japanese investment company’s treasury.” Metaplanet’s strategy mirrors that of MicroStrategy, a Virginia-based software developer, which has accumulated 214,400 BTC worth $14.3 billion since it began purchasing the asset in 2020, making it the largest corporate holder of bitcoin.

ICE Bonds and MarketAxess have plans to connect their respective liquidity networks to bring greater efficiency and access to deeper liquidity in fixed-income markets to the institutional and wealth management spaces. MarketAxess operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity, and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Over 2,000 firms leverage MarketAxess’ patented technology to efficiently trade fixed-income securities. Intercontinental Exchange offers fixed-income trading and execution services through ICE Bonds, member FINRA, MSRB, and SIPC. ICE Bonds’ ATS and MarketAxess’ network expand depth and reach With this announcement, ICE Bonds and MarketAxess plan to establish unique connectivity to their respective protocols and liquidity pools. This will enable ICE Bonds’ automated trading system (ATS), ICE TMC, and MarketAxess’ Open Trading network to communicate with each other, expanding the depth and reach for their respective global user bases. By leveraging ICE Bonds’ established retail brokerage and wealth management presence alongside MarketAxess’ leadership in institutional trading, the interaction between liquidity pools aims to enhance price transparency, best execution, and overall market liquidity for all participants. “Two mature liquidity networks in fixed-income markets” Pete Borstelmann, President of ICE Bonds, said: “This collaboration connects two mature liquidity networks in fixed-income markets to offer new trading and risk management solutions for clients. By combining our complementary strengths, we aim to offer users expanded opportunities to access liquidity in corporate and municipal bonds, enhancing market efficiency and benefiting participants across both platforms.” Rich Schiffman, Global Head of Trading Solutions at MarketAxess, said: “We look forward to delivering enhanced value and innovation to our clients through this collaboration. Our joint efforts are focused on providing access to deeper liquidity across municipal and corporate bonds and diversifying trading options for participants in our marketplace.”

The U.S. Securities and Exchange Commission (SEC) has requested a New York court to deny Coinbase’s subpoena, which demands the agency provide extensive documentation related to crypto assets. The SEC described Coinbase’s request as encompassing “essentially all documents that in any way relate to crypto assets.” In a court filing, the regulator stated that it had already been cooperative with Coinbase’s requests, disclosing additional documents, including fair notice materials and files from investigations beyond the Coinbase case. “Unsatisfied, Coinbase continued to press the SEC to conduct a sprawling search of all agency records—including all internal files and all communications with government agencies and market participants,” the SEC wrote. The agency argued that Coinbase failed to cite any precedent or legal principle to justify its “extraordinary” demands. The SEC concluded that Coinbase sought “entirely irrelevant” documents on the weak premise that they could possibly relate to Coinbase’s services or the application of securities laws to digital assets. Paul Grewal, Coinbase’s Chief Legal Officer, responded on X by stating, “If the SEC is going to engage in an unprecedented regulation by enforcement campaign, the least they owe to those they target – and the public – is transparency.” Coinbase had earlier asked the court to issue a subpoena to SEC Chair Gary Gensler, seeking access to his personal emails as part of discovery. This request was rejected by U.S. District Judge Katherine Polk Failla of New York. Elsewhere, Paul Grewal denied allegations that the exchange violated campaign finance laws by donating $25 million to a super political action committee (PAC) in May 2024. Crypto skeptic Molly White claims that Coinbase “appears” to have broken campaign finance laws by contributing to the Fairshake crypto super PAC while negotiating a federal government contract. Grewal refuted these claims, stating that Coinbase was not a federal contractor under the “plain language” clause of Code of Federal Regulations 111.51. He added that the U.S. Marshals Service (USMS) did not pay Coinbase with appropriated funds, which was clarified in the public request for proposal (RFP). Coinbase made several donations to the Fairshake super PAC, including $5 million in November 2023, $15.5 million in December 2023, and $25 million on May 30, 2024. White argued that these contributions occurred within the prohibited period, noting that Coinbase’s RFP was issued on March 4, 2024, and the contract was set to end “no sooner” than June 30, 2025.

GBPUSD currency pair can be expected to fall further toward the next support level 1.2600. – GBPUSD broke key support area – Likely fall to support level 1.2600 GBPUSD currency pair under the bearish pressure after the earlier breakout of the key support area located between the pivotal support level 1.2740 (which reversed the pair with the Piercing Line at the start of August) and the 38.2% Fibonacci correction of the upward impulse wave (C) from the end of April, as can be seen from the weekly GBPUSD chart below. The breakout of this support area accelerated the active impulse wave (1). Given the strongly bearish sterling sentiment that can be seen across the FX markets, GBPUSD currency pair can be expected to fall further toward the next support level 1.2600 (previous monthly low from June). 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 DeFi space is full of opportunities not just for great trades but for extra income. If you’re an experienced trader your skills can open up other revenue streams beyond just trading. Let’s get into how you can monetize your expertise by creating educational content, becoming an influencer, copy trading and using Mosaic Alpha. Crypto Asset Management Crypto asset management is exploding thanks to DeFi and mainstream interest. Platforms like MakerDAO, PancakeSwap and Uniswap are leading the way, providing the tools and infrastructure for trading and investing. As these platforms evolve they will provide more ways for skilled traders to monetize their success. Creating Educational Content One of the best ways to use your trading expertise is by creating educational content. There’s a huge demand for good information to help newbies not lose their money. You can share your knowledge through blogs, videos and webinars and help others while building your reputation as an expert. Monetizing this content is easy. You can earn through advertising, sponsorships and premium subscriptions. For example YouTube has ad revenue, specialized crypto websites will pay for expert articles. Sponsorship deals with crypto companies and exchanges can bring in steady income if you have a loyal and engaged audience. Sharing your experiences and strategies helps others and establishes you as an expert in the crypto space. This can lead to paid speaking engagements, consultancy roles and collaborations with other content creators or platforms and increase your income. Becoming an Influencer in the DeFi Space Building an online presence as an influencer is another good strategy. Influencers in the DeFi space guide new and experienced investors by sharing market insights and updates.  Consistently producing good content and engaging with your audience on YouTube, Twitter and crypto forums is key. As an influencer you can earn through advertising, sponsorships, partnerships, sponsored posts and affiliate marketing. Endorsing crypto trading related products and services can be very profitable. The more followers you have the more attractive you are to sponsors and partners and the more you can earn. Engage with your audience. Stay on top of the latest news and trends to create relevant content. Interactive content like live streams, Q&A and community polls will help you build a long term relationship with your audience and bring financial rewards. Copy Trading Copy trading is a way for experienced traders to monetize their skills. Others can copy your trades and you get a percentage of the profits or a fee for your services. It’s good for both you and your followers; you earn extra income and they get to benefit from your expertise. Many platforms make copy trading easy and accessible. These platforms have tools to share your strategies and track your performance. By delivering good results consistently you can get more followers and increase your earnings. The transparency and ease of these platforms makes copy trading a good way to leverage your trading skills. Copy trading also allows you to scale your strategies and reach a wider audience without managing individual portfolios. This scalability is especially useful in the fast paced DeFi world. A high success rate can build your reputation and get you a loyal following and additional opportunities like partnerships with trading platforms or advisory roles. Mosaic Alpha’s Unique Feature Mosaic Alpha is a platform that allows experienced traders to create and manage their own token baskets. This feature allows you to pick the tokens you think will perform well. Investors can pay to use these token baskets and you get a direct income stream. Mosaic Alpha’s reward mechanism is sweet. When your token basket performs well you get rewarded and are incentivized to keep high standards and deliver good results. It’s a win-win for both you and the investors. Creating and managing successful token baskets can establish your reputation for reliability and expertise. As more investors look for guided crypto gains the demand for well curated token baskets will increase and there will be big revenue opportunities for skilled traders. Mosaic Alpha also has tools and analytics to help you optimize your token baskets and track performance. This data driven approach means you can make informed decisions and continually improve your strategies. The platform has a community of traders and investors and encourages knowledge sharing and collaboration which makes it even more attractive. Multiple Approaches To make the most of your money, combine educational content creation, influencer activities, copy trading, and Mosaic Alpha. This multi-faceted approach allows you to tap into multiple opportunities and create multiple income streams. For example, an influencer who also offers copy trading services and manages token baskets on Mosaic Alpha can attract a diverse audience and increase their overall earnings. Diversifying your efforts reduces your dependency on one revenue stream and increases stability. Combining these approaches can create synergies that multiply the impact of each. Educational content can drive traffic to your copy trading profile or Mosaic Alpha token baskets. A strong influencer presence can boost the visibility and credibility of your educational content. By combining these activities you can build a solid and sustainable business in DeFi. Conclusion In the DeFi world, experienced traders have many ways to monetize their success. Educational content helps beginners not to lose their money and build your reputation as an expert. Being an influencer opens up many monetization options through partnerships and sponsorships. Copy trading allows you to earn by sharing your strategies, and Mosaic Alpha allows you to create and manage token baskets. By combining these approaches you can maximize your earnings and be a big player in the DeFi space. The future of crypto asset management is bright and those who adapt and innovate will be at the forefront of this exciting space. Mosaic Alpha, MakerDAO, PancakeSwap and Uniswap will continue to be key players in this ecosystem, providing the tools and platforms for traders to succeed. It takes work, learning and being proactive with the community but it’s worth it for those who are DeFi enthusiasts and serious about their success. By sharing your expertise, building an audience and using new tools you can create a multiple and sustainable income stream in the DeFi space. 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.

iSAM Securities has expanded its liquidity offering with the addition of 16 new instruments, including China H Shares, Cocoa, Coffee Arabica, Coffee Robusta, Cotton, Singapore 30 and Sugar Raw, which are currently live for pricing and trading. The additional nine instruments including, US Dollar Index, Russell 2000, Bitcoin, Ether, Corn, Copper, Heating Oil, Soybean, and Wheat are set to go live in the coming months. Ultra-competitive variable spreads and execution iSAM Securities, regulated by the FCA, SFC, and CFTC, is a prominent algorithmic trading firm and electronic market maker. The firm has experienced notable growth in its product offerings, recently introducing a Crypto Margin Facility alongside previous additions like Natural Gas and China A50. The 16 new instruments, provided through iSAM Securities’ SFC-regulated and CIMA-registered entities, deliver ultra-competitive variable spreads and award-winning execution. This offering utilizes a proprietary pricing protocol developed by a team of industry-leading quants, optimizing fixed spreads into dynamic ones to ensure attractive spreads under all market conditions. iSAM Securities offers full-service prime brokerage and execution through cutting-edge proprietary technology. The firm also provides market-leading analytics, cleared via the group’s bank Prime Brokers, solidifying its role as a trusted partner for institutional clients and trading venues globally. Sam Johnson, Managing Director at iSAM Securities, said: “We are thrilled to be adding these products to our existing offering. We pride ourselves on delivering for our clients and this expansion, combined with our proprietary technology, brings an extremely competitive offering to the market.” iSAM Securities launched RADAR and APEX Bridge iSAM Securities recently launched its new risk analytics dashboard, RADAR, alongside the APEX Bridge, a software solution designed to streamline risk management and liquidity connection. The APEX Bridge integrates a risk engine and liquidity bridge, connecting clients to a network of liquidity providers. The platform was created by experienced risk managers and traders, and it focuses on speed and stability. It allows brokers to customize liquidity across various inputs, including spreads, skew, and time-based markups, and accepts orders from MT4, MT5, and FIX gateways. This technological expansion supports the company’s goal of globalizing its client-focused business and reaching a broader client base, backed by a multi-million dollar investment. With its multi-year investment program, iSAM Securities benefits from its technological advancements, including the APEX liquidity bridge and RADAR, the company’s analytics suite designed for retail brokerage. iSAM Securities, regulated by the FCA, SFC, CTFC, and CIMA registered, is an algorithmic trading firm and electronic market maker. The firm provides liquidity, technology, and prime services to institutional clients and trading venues globally, offering full-service prime brokerage and execution via proprietary technology and market-leading analytics. Liquidity bridge APEX integrated with TRAction’s reporting platform iSAM Securities has integrated TRAction’s reporting platform into its liquidity bridge, APEX, to streamline the reporting process, ensure data submission accuracy, and alleviate the operational burden of existing and incoming reporting requirements. The move came in response to the regulatory emphasis on the importance of data quality. iSAM Securities places a high priority on facilitating transaction reporting for its clients, recognizing the importance for brokers to comply with regulatory requirements, to maintain their licenses. The integration has gone live and existing TRAction clients can easily transition to use of the integration providing they use, or plan to use iSAM Securities as a liquidity or connectivity provider.

Two key psychological factors are currently influencing Apple’s (AAPL) share price. Firstly, Warren Buffett’s recent decision to reduce his AAPL stake by approximately 50% has raised questions. This move could suggest that Buffett perceives potential challenges for Apple, whether it’s a loss of market dominance or looming recession risks. Regardless of the reason, Buffett’s reputation may have a psychological impact on retail investors, potentially leading them to sell their shares. Secondly, the breach of the $200 psychological threshold has been significant. Following a robust increase above $200 per share in June, the price appeared to have firmly established itself above this level. Nonetheless, such breaches often lead to retests, trigger stop-loss orders, and shift the supply-demand balance, which can result in price fluctuations. For instance, yesterday’s trading saw bulls almost completely close a 7% bearish gap. Today’s technical analysis of the AAPL stock chart reveals the following: → The last two broad candlesticks, which opened at the lows and closed at the highs, suggest strong demand activity. → Since May, AAPL’s price has been following an upward channel (illustrated in blue). The stock closed near the median line yesterday, which could serve as a point of stabilization. → If bearish pressure persists, pitchfan ray #4 might offer support. The chart indicates that the stock price has previously found support at this ray, visible as upward trends with decreasing angle steepness. Additionally, CNN Money’s Fear & Greed Index has recently moved into the “Extreme Fear” zone, reflecting a further decline in market sentiment. Would Buffett adhere to his well-known 1986 advice: “Be fearful when others are greedy, and be greedy when others are fearful”? According to a TipRanks survey of 32 Wall Street analysts, 24 recommend buying Apple stock. Their average target price for AAPL over the next 12 months is $248.96. FXOpen offers spreads from 0.0 pips and commissions from $1.50 per lot. Enjoy trading on MT4, MT5, TickTrader or TradingView trading platforms! This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. 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.

Bybit, the second-largest cryptocurrency exchange by trading volume, has launched an innovative product: Bybit Pre-Market Perpetuals. This new offering allows users to trade perpetual contracts on upcoming tokens, enabling speculation on their future values before official launches. Bybit’s Pre-Market Perpetuals are designed to provide early access to promising new contracts. This feature helps users avoid potential price increases due to launch-day volatility. Traders can place orders with up to 5x leverage before the contract is officially listed. If the orders match the specified price, they are executed at the opening price upon launch, with the position seamlessly transferred to the new contract – a distinct advantage over Bybit’s competitors. “Bybit is always looking to innovate and offer our users the best trading tools available,” said Joan Han, Sales & Marketing Director of Bybit. “Pre-Market Perpetuals provide early access to new tokens, allowing our users to hedge spot positions and secure profits effectively. We believe this product will set a new standard in the crypto trading landscape.” Traders can hedge their spot positions with Pre-Market Perpetuals, providing a significant advantage. This is particularly beneficial for those using short-selling strategies or engaging in Pre-Market Spot Trading, helping to minimize risks and protect investments. The introduction of Pre-Market Perpetuals highlights Bybit’s ongoing innovation and market leadership. Bybit’s superior user experience and products have solidified its position as the second-largest crypto exchange in both spot and derivatives markets. This new product offers early access and risk management opportunities, reinforcing Bybit’s status as a pioneer in the cryptocurrency industry.

The latest advancements in prime of prime trading technology are transforming the financial landscape, unlocking new benchmarks in performance and efficiency. In an exclusive Q&A session, Andy Biggs, Finalto’s Group Head of Risk & Trading, sheds light on the cutting-edge, award-winning technology that sets the firm apart in this highly competitive space. Customized liquidity solutions and technology are crucial This conversation reveals how Finalto’s bespoke, in-house developed technology meets clients’ unique demands, ensuring unparalleled speed and precision in trading operations. As the market evolves and becomes more saturated, customized liquidity solutions and state-of-the-art technology are crucial for standing out from peers. Finalto’s dedication to innovation ensures it stays ahead in this fast-moving sector, offering clients the competitive edge they need in a rapidly shifting landscape. Andy Biggs explains that their technology is entirely in-house and tailored specifically for the prime of prime space, ensuring exceptional performance and functionality. The technology’s ability to handle hundreds of thousands of events per second allows for lightning-fast decision-making, while smart features and complex account booking capabilities cater to hedge funds and money managers. Clients can trade thousands of products into one account, streamlining operations and enhancing efficiency, or segregate flow by account while maintaining a unified view of their assets and risk controls. Finalto’s commitment to leveraging data and proactive problem-solving further enhances their technology’s effectiveness, empowering clients with the tools they need to navigate the market with precision and efficiency. Andrew Biggs is the Group Head of Risk & Trading at Finalto. He has been in this role since November 2022, following his promotion from Head of Liquidity and Systematic Market Making at the same company. Biggs joined Finalto, formerly known as CFH Clearing, in May 2018, and continued in his role after the acquisition and rebranding of CFH Clearing to Finalto​​. Prior to his tenure at Finalto, Biggs held significant positions in other prominent financial institutions. He was the Head of Liquidity and Risk Analysis at IS Prime and also worked at Sucden Financial and ICM Capital, where he gained extensive experience in risk management and trading operations. An interview with Finalto’s Andrew Biggs Below is the full interview with Andy Biggs, providing deeper insights into the innovative technology and strategic approaches driving Finalto’s success.  Q: What sets your technology apart from others in the market?  A: Our technology is built entirely in-house, tailored specifically for the prime of prime space, ensuring unparalleled performance and functionality. We find technology plays a crucial role because liquidity provision is not a one-size-fits-all model. As the landscape has evolved and technology has improved to enable a wider range of products, clients are increasingly looking for tailored liquidity that serves their needs, while also retaining access to a large, established and respected liquidity provider.   Q: How does speed factor into your technology’s capabilities?  A: Speed is paramount in today’s increasingly responsive and dynamic markets. Our system, designed as a distributed system, handles hundreds of thousands of events per second, enabling lightning-fast decision-making. We prioritise speed without overwhelming clients’ systems by offering throttling capabilities, ensuring a smooth flow of data. The speed at which a price is delivered and executed can make a big difference in performance and plays a central role in delivering sustainable pricing. The fact that high-frequency market makers can put out more than one quote per millisecond means that an LP’s ability to customise what they then pass on to the client is critical. And as some clients will want that kind of frequency while others have no need, we believe it’s important to tailor not only the pricing but also the ‘pressure’ on that flow, depending on the client’s needs. These days, in-house technology plays an important role in delivering speed of execution. So, in our opinion, hedge funds, money managers and brokers should look to LPs who have implemented their own technology. This will enable them to take a more precise approach to ensuring maximum speed of execution, without compromising on price.  Q: What smart features does your technology offer for hedge funds and money managers?  A: Our platform boasts smart features tailored to the unique requirements of hedge funds and money managers, including complex account booking capabilities, empowering them to navigate the market with precision and efficiency. We use data as a powerful tool for tailoring and improving liquidity for specific clients, and liquidity providers should take a proactive approach to maximising the utility of the data it sits upon. At Finalto we use data in discussions with clients themselves, and with the institutions our data derives pricing from, to constantly make improvements and fix problems before they can become a bigger issue.  Q: How does your technology streamline trading processes for clients?  A: Clients can trade thousands of products into just one account, streamlining operations and enhancing efficiency. Alternatively, our platform allows clients to segregate flow by account while maintaining a unified view of their assets and risk controls, providing flexibility without sacrificing oversight. As stated earlier, because client needs vary a lot and can change over time, having our own in-house tech means we can adapt and tailor our solutions to better fit the client’s needs, allowing them to streamline processes and get better outcomes. For further inquiries or to schedule a demo, please contact us here. At Finalto we’re dedicated to revolutionizing prime of prime trading with our state-of-the-art technology, designed to empower clients with speed, efficiency, and flexibility like never before.

The Association for Financial Markets in Europe (AFME) has published “Scaling Capital Markets based on Distributed Ledger Technology (DLT)”, a roadmap focused on European Sovereign, Supranational, and Public Agency (SSA) bond issuers and EU and UK policymakers and regulators. The industry advocacy organization that represents wholesale market participants in Europe, including the European Union and the United Kingdom, highlighted the increasing evidence of demonstrated liquidity and benefits throughout the security lifecycle. Bond issuance exceeds $1 billion in 2024 The global issuance of DLT-based SSA bonds for 2024 has already exceeded 1bn USD, more than any other previous year. International and European SSA and government bond issuers have led this charge, and the market ecosystem is growing with a growing number of banks, investors, issuers, and other market participants adopting DLT. The origination and distribution processes for DLT-based issuances do not differ in any significant way from those for traditional issuances, as underlying economic risks of issues are the same. However, the use of DLT can offer transformative and tangible benefits compared to traditional infrastructures. These include innovation in capital markets through the possibility of programmable settlement, more cost-effective management of issuances through the automation of work flows and corporate actions, as well as reduction of single-point-of-failure risk in financial market infrastructures. Ultimately, these benefits can reduce costs for investors and improve the efficiency and resilience of European capital markets, and even enhance liquidity. In this context, AFME encourages European SSA issuers to consider the opportunities of leading and shaping the capital market transformation towards DLT. In parallel, policymakers play an equally important role in ensuring that the regulatory framework fully supports the deployment of DLT where appropriate in the financial sector by reviewing current obstacles across the security lifecycle and supporting digital cash solutions. “The EU and UK both have a unique opportunity” James Kemp, Managing Director, Global FX Division, says: “The EU and UK both have a unique opportunity to further develop a permanent policy framework that supports the development of DLT-based capital markets and to shape DLT-based market practices and regulatory standards globally, for the benefit of issuers and investors alike.” Victoria Webster, Managing Director, Fixed Income, says: ”Public-sector issuers of debt instruments in Europe – sovereign, supranational and agency issuers – can play a key role in the process of scaling DLT-based capital markets through increasingly deploying DLT solutions in their issues.”

Octa, a global financial broker, kicks off a global promo campaign to help its clients overcome their most deep-rooted trading fears. For a month, the broker will offer all its Facebook, Instagram, Telegram, LinkedIn, and X followers dedicated educational sessions. After the training, traders will be able to test the acquired knowledge and compete for special prizes: an iPhone 15, a MacBook, a Samsung TV, or cash equivalents. Octa provides an exciting opportunity for traders Octa has announced a new social media project. Starting on 29 July, the broker’s followers can participate in a global project to combat fears and obstacles that deter traders on their way to success.  The project aims to provide valuable insights and practical advice to novice and experienced traders on overcoming common challenges. During the promo campaign, traders will be able to learn how to plan their trading sessions, mitigate risks, cope with emotions, and use various tradable instruments available on Octa’s trading platform to their advantage.  How to participate in the promo Every week, the campaign’s characters will meet a new villain, each representing an obstacle to successful trading. By teaming up with Forex experts, the characters and Octa’s followers will learn how to cope with a problem and receive valuable actionable insights through live streams, downloadable leaflets, checklists, and interactive quizzes. To take part, traders should follow Octa’s global social media accounts, including Instagram, Facebook, Telegram, and others. Malaysian and Indonesian users should follow local social media, Octa Indonesia and Octa Malaysia, respectively.   Rewards In addition to the educational initiative, Octa also announced a trading contest. Traders will compete for an iPhone 15, a MacBook, a Samsung TV, or cash equivalents. To take part in the contest, traders should follow Octa on social media, comment and share the campaign launch post, and open three or more trades using a dedicated promo code. Traders who open the most orders will claim the prizes. You can get detailed information and the contest rules via the link. About Octa Octa is an international broker providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 42 million trading accounts. Octa’s free educational webinars, articles, and analytical tools help clients reach their investment goals. The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities. Since its foundation, Octa has won more than 70 awards, including the ‘Best Educational Broker 2023’ award from World Business Outlook and the ‘Best Global Broker Asia 2022’ award from International Business Magazine. 

TESS Payments has secured a PSP License from the Qatar Central Bank in a move that allows the firm to provide payments services in the jurisdiction. This achievement aligns perfectly with the latest business regulations for payment service providers issued by the country’s central bank in May 2024, aligning with Qatar National Vision 2030. Akurateco offers white-label payment solutions The firm met Qatari’s stringent regulatory requirements by partnering with Akurateco, a global payment software provider which performed an on-premise setup of its software Microsoft Azure Cloud. Additionally, Akurateco facilitated TESS Payments’ obtaining the Payment Card Industry Data Security Standard (PCI DSS) certification.  Akurateco is a global payment software vendor that offers ready-to-use PCI DSS-certified white-label payment solutions to merchants, payment providers, and financial institutions worldwide. The platform is equipped with the latest payment technologies, including intelligent payment routing, cascading, automated merchant onboarding, advanced payment analytics, and others. With over 350 integrated banks and payment providers, Akurateco’s platform enables clients to leverage an extensive network of traditional and alternative payment methods, including local and global ones. Equiti Group enters Qatar The fintech industry has been eyeing Qatar as of late. Equiti Group recently announced it has signed a Memorandum of Understanding (MoU) with Qatari holding company, MK Enterprise, in order to foster innovation and drive meaningful growth in Qatar by providing access to world-class solutions for the capital markets. With offices in London and abroad, and offering 7 regulatory licenses to support their global client base, Equiti’s innovative and encompassing fintech portfolio focuses on delivering intuitive and deeply advanced solutions, including decentralized digital asset exchanges, physical commodities, and advanced payment solutions. MK Enterprise Holding will facilitate Equiti’s access to the Qatari market as the country continues to modernize its financial industry. The Qatar-headquartered holding company enables economic development locally and globally with a specific focus on the business and markets of Qatar, GCC, the region, and the world. Equiti Group was designed to globally deliver world-class standards in payment solutions, digital assets, and online trading technologies. With a resolute commitment to innovation, Equiti focuses on propelling growth through agile tech solutions and a regulation-first mindset.

Your Bourse, the leading technology provider for the financial brokerage industry, is excited to announce the launch of its newly designed website. The website features a fresh look, user-friendly navigation, and informative content to help visitors understand the range of products that they offer.  Elina Pedersen, Co-CEO & CRO of Your Bourse Elina Pedersen, co-founder and CRO of Your Bourse, mentioned, “It’s amasing how far we have come as an organisation, and I am always in awe of our team’s technological ingenuity. Our new website is designed with heart and purpose, and we feel it truly reflects our brand, image, and capabilities. As I often say, ‘Innovation happens when you define the curve, not only when you try to stay ahead of it’, which is why we took on this project. We would also like to take this opportunity to thank Zgraya Digital for the excellent web design services they have provided to us.” The new website, accessible at www.yourbourse.com, reflects Your Bourse’s commitment to innovation, transparency, and client satisfaction. It features detailed information about the company’s technological solutions, such as the Matching and Pricing Engine, MT4 bridge/MT5 gateway, advanced risk management tools, FIX server technology, and other state-of-the-art offerings tailored to brokers’ unique needs. Notes on the New Website This project was all about clarity in highlighting the diverse range of products and services offered by Your Bourse on a newly designed, shiny website.  The website pages follow a consistent visual direction in all their elements to create a singular experience. The design is clear, pleasant, and modern, with soft shapes, bright colours, and light shadows, all representing the company’s innovation. Your Bourse provides different services aimed to cover all the needs of the diverse clientele. The new Your Bourse website highlights technological solutions for both retail and institutional brokers.The company’s technology, as well as the new website, reflect the organisation’s tendency to follow its vision of redefining the boundaries of technological excellence. Your Bourse invites brokers and industry professionals to explore the new website and discover how its technology solutions can make their business more efficient and more profitable. Highlighted Offers All Your Bourse’s incoming visitors are encouraged to explore the website and sign up for their Premium LP offer. Upon registration and choosing one of the Premium Liquidity Providers, retail and startup brokers can access a complimentary technological package provided by Your Bourse at no extra cost.  About Your Bourse Your Bourse is a leading technology provider for brokers, offering a range of innovative solutions designed to enhance efficiency, mitigate risk, and drive growth. With a focus on price matching, MT4 bridge/MT5 gateway and risk management technology, Your Bourse is committed to empowering brokers with the tools they need to succeed in the dynamic financial markets. info@yourbourse.com https://www.yourbourse.com/

Germany’s top financial regulator today warned of the dangers posed by offshore brokers that continue to chase online trading business, including within the gray area of the country’s CFDs sector. BaFin has specifically marked another firm with the red flag. The independent regulator highlighted that a company called lc-markt.com is running an illegal business while having not acquired proper authorization. The firm under BaFin’s firm offers German customers CFDs that allegedly give them exposure to FX and cryptocurrency instruments. According to the BaFin’s intel, the regulator suspects LC-Markt LTD to be a suspicious company as they use the details of a regulated platform in an effort to deceive the public. This gives the impression that it is legitimized in the Germany, which has never been true. The company goes even far with its pledges on its website, stating that it offers powerful strategies that make trading with them outstandingly risk-free. According to the watchdog, LC-Markt LTD claims to be located in in London, United Kingdom, which seems untrue. Either way, the financial regulator further urged its citizens to be careful and follow due verification processes, check the company’s identity (identity details, country of establishment, etc.), and never to trust a company if it cannot be clearly identified. BaFin turns eye to social media To prevent such practices, BaFin issued several guidelines that encourage potential investors to be wary of promises of disproportionate returns. A guaranteed investment with a high return that considerably exceeds the market return is often too good to be true, it says. In an attempt to keep up with the rise of the crypto market, including the number of trading platforms and users, BaFin has been adamant in its warnings toward investors, elaborating on the potential risks associated with the booming industry. The financial regulator has also delivered a stern warning against unchecked traders that are using flashy social media profiles to trick inexperienced persons into thinking they can trade online and make thousands in no time. These warnings were in response to a rise in unregulated trading signals on online forums, and a concern that retail investors are not aware of the risks associated with following such tips, BaFin said. While these bogus profiles advertise get-rich-quick schemes, they do not even have a website and operate solely on social media channels, including Instagram, Facebook, or WhatsApp. These traders, however, do not have the necessary accreditation or qualifications to offer these services, though they promise very lucrative and guaranteed returns. Tips garnered online by young investors via social media may be inaccurate, the watchdog warns, while advice from financial celebrities can come with a good deal of risk when deciding where to park their money.

Binance has hinted about possibly adding Hamster Kombat ($HMSTR) to the world’s largest digital asset ecosystem. The move, which is yet to be confirmed, generated excitement among traders and investors eagerly anticipating the airdrop and exchange listing. After its debut on CoinMarketCap, Hamster Kombat will be soon available on Binance, making it easier for users to trade. The mega platform apparently seeks to attract a large user base, considering Hamster Kombat’s community of over 300 million members and 50 million daily players. Initially set for launch in July 2024, the release has been delayed due to technical challenges with the massive airdrop involving over 250 million users. Despite this, $HMSTR is available for pre-market trading on exchanges such as Gate.io, OKX, Bybit, KuCoin, and Bitget, although the exact launch date remains uncertain. Hamster Kombat, described as a “crypto exchange CEO simulator,” has become the most popular Telegram mini app in the idle game genre. Players start as a hamster CEO of a cryptocurrency exchange, generating in-game coins by tapping their avatar and purchasing upgrades to increase profit per hour. The game also offers coins for referring friends and completing daily tasks like solving ciphers or buying specific upgrades. Hamster Kombat has set multiple world records, including being the first YouTube channel to gain over 10 million subscribers in one week. The game’s YouTube page is growing faster than Mr. Beast’s, the platform’s most subscribed-to channel globally. The game’s YouTube channel has gained 32 million subscribers since its launch in May, its X profile has 11.3 million followers, and its official Telegram channel has 49.4 million subscribers. Hamster Kombat also set a record as the fastest product to reach 100 million users, achieving this milestone in just two months. Hamster Kombat revealed plans for the airdrop of its HMSTR token. The airdrop is expected to be the largest ever in the Web3 industry, with 60% of the airdrop’s volume dedicated to players. The remaining 40% will be allocated for market liquidity, ecosystem partnerships and grants, rewarding squads, and other items. No venture capital or early investments back the token, meaning its value will be driven purely by organic demand and community interest, as per the announcement. The Hamster Kombat airdrop aims to surpass previous records, including Uniswap’s UNI airdrop, which is valued at over $6.43 billion. Beyond the airdrop, Hamster Kombat plans to expand into a holistic gaming ecosystem. The organization will support game studios of varying sizes by offering marketing opportunities, token usage, and collaboration options. The Hamster Foundation is working on creating new revenue streams to avoid selling the upcoming token and plans to launch ecosystem grant programs for third-party developers. These grants will be denominated in fiat currency to prevent additional selling pressure on the HMSTR token.