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How Prediction Markets Use Federal Oversight to Capture Super Bowl Betting Growth
A new breed of federally regulated prediction markets is siphoning off a growing share of betting activity around the Super Bowl, a shift that has weighed on the shares of incumbent gambling giants such as FanDuel and DraftKings.
While traditional sportsbooks are still expected to see a slight increase in total wagers for the championship game, analysts now project that prediction markets such as Kalshi will capture around 80% of all year-on-year growth in wagering activity for the event, attracting an estimated $630 million in bets.
This shift highlights what analysts describe as a successful “regulatory flank”. Prediction markets have positioned themselves as federally regulated prediction markets operating under Commodity Futures Trading Commission (CFTC) oversight, rather than as gambling platforms subject to state-by-state licensing. This allows them to operate in states where traditional online sports betting remains illegal, including large markets such as California and Texas.The Market ReactedShares of FanDuel-owner Flutter Entertainment have entered an eight-week slide, the longest in more than two decades, while DraftKings is trading near its lowest levels since 2023. Wall Street analysts have cut consensus fourth-quarter earnings estimates for Flutter and DraftKings by 49% and 29%, respectively, over the past three months.
“A big piece of why we think Super Bowl handle will be down [for traditional sportsbooks] is that prediction markets are taking a bite out of that,” Jordan Bender, a senior equity analyst at Citizens JMP, told Bloomberg.
Until early 2025, the CFTC had signalled that sports-related contracts were off-limits. Following the 2024 election and a shift toward a lighter-touch regulatory approach, Kalshi began offering contracts linked to the Super Bowl. The CFTC did not intervene. Since then, sports-related contracts have come to account for more than 90% of Kalshi’s trading volume.
Incumbent Operators RespondedBoth DraftKings and FanDuel have launched their own prediction market applications to compete in states where their core sports betting products remain restricted. However, early adoption has favoured first movers. In January, Kalshi’s app was downloaded 1.9 million times, compared with fewer than 100,000 combined downloads for the new prediction market apps from DraftKings and FanDuel, according to Sensor Tower data.
While some gambling executives argue that these platforms primarily attract less profitable “sharp” bettors, usage data suggests meaningful overlap. Around 10% of DraftKings users were also active on Kalshi in January.
The competitive and regulatory landscape continues to evolve. DraftKings has announced a partnership with prediction market platform Crypto.com to expand its range of contracts, while state gaming regulators are challenging the legality of sports-related event contracts in court, raising the prospect of a Supreme Court review. For now, the new CFTC chair has indicated that sports contracts will be allowed to proceed.
For the broader financial and fintech industries, the Super Bowl of 2026 offers a clear strategic lesson. Prediction markets did not displace incumbents by competing within the same regulatory framework, but by operating under a different one.
This article was written by Tanya Chepkova at www.financemagnates.com.
ATFX Closes Q4 2025 with USD 817.4 Billion Trading Volume, Ending Year on a High Note
Finance Magnates’ Q4 2025 Intelligence Report highlights a steady rise for ATFX, which recorded USD 817.4 billion in MT4/MT5 trading volume in Q4, contributing to a remarkable total exceeding USD 3.17 trillion for 2025. This performance builds on strong trading activity in the first three quarters, reflecting ATFX’s expanding client base, diversified product offerings, and robust results across key asset classes including stocks, indices, precious metals, and currency pairs.Over the course of the year, ATFX experienced increasing client participation and higher trading volumes, fuelled by growing engagement from both retail and professional traders. Consistent account activity and sustained market momentum reflected the company’s ability to attract quality clients.Precious metals and currency pairs achieved notable growth, reflecting robust demand in these sectors. Industry recognition, including awards like Best Global Forex Broker 2025 at Forex Expo Dubai and Broker of the Year 2025 at the FinanceFeeds Awards, alongside multiple regional and international accolades, further affirms ATFX’s leadership and credibility on the global stage.Looking ahead, ATFX aims to build on this momentum by launching AI-driven trading tools, enhancing fintech integration, and investing in infrastructure improvements to deliver institutional-grade solutions and long-term value for traders worldwide.About ATFXATFX is a leading global fintech broker with a local presence in 24 locations and holds 9 licenses from regulatory authorities, including the UK's FCA, Australia's ASIC, Cyprus' CySEC, the UAE's SCA, Hong Kong's SFC, South Africa's FSCA, Mauritius' FSC, Seychelles' FSA, and Cambodia's SERC. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX delivers exceptional trading experiences to clients worldwide.For further information on ATFX, please visit ATFX website https://www.atfx.com.
This article was written by FM Contributors at www.financemagnates.com.
Quant Technology Group Launches QuantSentry, an AI-Native Risk Platform for Prop Firms of All Sizes
Quant Technology Group today announced the general availability of QuantSentry, a next-generation risk management platform purpose-built for proprietary trading firms of all sizes, from early-stage operators to global market leaders. QuantSentry replaces manual oversight and fragmented legacy tooling with an automated, AI-native risk engine designed to detect coordinated trading abuse, enforce risk rules in real time, and protect firm capital as operations grow.Modern prop firms operate in a risk environment that legacy systems were never built to handle. As firms grow from hundreds to thousands of active accounts, enforcement becomes inconsistent, latency increases, and investigations turn into manual firefighting, which creates payout leakage and margin erosion. QuantSentry closes this gap with an adaptive, cloud-native architecture that preserves millisecond-level precision as account load scales, helping firms protect margins and reduce operational drag.“Legacy risk tooling was never designed for the scale and complexity of modern prop firm operations,” said Akash Thakrar, Head of Corporate Development at Quant Technology Group. “QuantSentry applies network-based analysis to enforce risk rules consistently as firms grow.”QuantSentry delivers immediate operational and financial impact by improving payout accuracy, identifying abusive trading behavior before fraudulent payouts are released, and reducing investigation time through intelligent alerting. By automating detection and audit, firms can operate leaner risk teams without compromising control, compliance, or growth.QuantSentry is available immediately across four tiers. Starter, Growth, Scale, and Enterprise - supporting firms at every stage of their lifecycle. The platform integrates seamlessly with major trading platforms and bridges, enabling rapid deployment without operational disruption. Core CapabilitiesAdaptive Risk Infrastructure - An AI-native, cloud-based platform that automatically adjusts as firms grow, delivering consistent, low-latency risk enforcement from early-stage operations to thousands of active accounts.AI-Driven Abuse Detection - Advanced network analysis and machine learning models that identify coordinated trading abuse, including copy trading, hedging schemes, and multi-accounting, before payouts occur.Intelligent Investigations & Audit Readiness - Risk-based alert prioritization with full trade context and a complete audit trail, enabling faster investigations, defensible decisions, and regulator-ready reporting. PDF Evidence Kits can be generated to assist firms in enforcing Terms of Service.For more information, users can visit http://www.quantsentry.com/About Quant Technology GroupQuant Technology Group is a fintech development firm specializing in high-performance trading and risk infrastructure. By combining deep market expertise with advanced cloud engineering, the company delivers mission-critical systems that enable proprietary trading firms and financial institutions to operate securely, efficiently, and at any scale. Its flagship risk platform, QuantSentry, serves as a core risk engine for modern proprietary trading operations.
This article was written by FM Contributors at www.financemagnates.com.
PU Prime Follows the Trend, Enters the UAE with a Cat 5 Licence
PU Prime has become the latest contracts for differences (CFDs) broker to gain a licence in Dubai and, like most others, has opted for an introducing broker-equivalent Category 5 licence.UAE Is the Next Hub for BrokersAccording to the register of the Capital Market Authority (CMA), which was recently renamed from the Securities & Commodities Authority (SCA), the licence will allow the broker to introduce and promote products offered by other offshore entities.However, the Cat 5 licence does not allow firms to hold client assets or execute trades locally. They must redirect UAE-based clients to other offshore entities.Although the Cat 1 licence offers full brokerage status in the UAE, the conditions are much higher compared to the popular Cat 5 option. For instance, the Cat 1 licence requires at least AED 30 million in capital, while the requirement for Cat 5 is only AED 500,000.Category 1 licensees are also required to maintain larger operating teams and office setups, including more senior control functions and stronger operational infrastructure.These factors have likely pushed XM, Exinity, VT Markets, Eightcap, EC Markets, Pepperstone, Taurex, and many others to secure the Cat 5 licence in the UAE. However, some brokers are willing to bear the higher cost. Plus500, XTB, Deriv, and RoboMarkets are among the well-known firms that have secured Category 1 licences. There are also newer Dubai-based entrants that have chosen the full brokerage route.[#highlighted-links#]
PU Prime’s Expansion PlanFounded in 2015, PU Prime primarily operates under offshore licences, including those in Mauritius and Seychelles. It also holds a licence from the regulator in South Africa and obtained one from the Australian watchdog last year by acquiring the Australian business of Admirals.PU Prime’s entry into the UAE also shows that brokers see the region as attractive.While detailed local data are limited, several brokers have pointed to rising demand in the region.Capital.com reported that 52 per cent of its H1 2025 trading volume came from the Middle East, compared with 15 per cent from Europe. The broker had 35,000 MENA traders, compared with 61,400 in Europe. In addition, 71.7 per cent of Capital.com’s $804.1 billion trading volume in MENA was generated by UAE-based traders.CFI Financial, another Middle East-focused CFD broker, handled a record $2.07 trillion in trading volume during the fourth quarter of 2025. By comparison, the broker’s total trading volume for the whole of 2024 was $2.79 trillion.
This article was written by Arnab Shome at www.financemagnates.com.
“A Modest but Steady Expansion”: Dual-Listing Plans and ETF Inflows Lift Singapore’s Equity Market
Mid-caps
are increasingly on the radar of institutional investors in Singapore and with
listing activity set to rise again this year, opportunities for diversification
will also increase.Institutional
interest in Singapore’s small- and mid-cap segment has strengthened
meaningfully over the past year.The
Monetary Authority of Singapore’s equity market development programme has been
a major catalyst, directing capital to strategies with a significant allocation
to locally listed equities - particularly those outside the large-cap universe.The
equity market development programme was launched in February 2025 with a S$5
billion investment to bolster the local fund management ecosystem, deploying
$3.95 billion across two batches of appointed asset managers, with a third
allocation expected in the second quarter of this year.In
addition, tax exemptions were introduced for fund managers investing
substantially in Singapore-listed equities, while adjustments to the Global
Investor Programme targeting Singapore-based single family offices were made to
encourage capital inflows.The
grant for the equity market Singapore scheme, enhanced by S$50 million from the
Financial Sector Development Fund, now includes research coverage on pre-IPO
companies and mid- to small-cap enterprises.According
to Yain Wang, AEW managing director and chief investment officer for Asia
Pacific, these initiatives have helped to broaden market liquidity and improve
price discovery for smaller companies.“With
S$3.95 billion already allocated to nine asset managers, momentum is building
and many investors now view small and mid-cap companies as a key theme for 2026
as liquidity improves and structural reforms take hold,” she says.Value
Unlock and Market SupportComplementary
initiatives such as the Value Unlock programme further support this segment of
the market by strengthening corporate engagement and transparency.Value
Unlock is a strategic initiative by the Monetary Authority of Singapore and the
Singapore Exchange that helps listed companies realise their full valuation
potential by encouraging them to think beyond ‘business as usual’, identify
opportunities for improvement, and implement and communicate actionable
strategies that create sustainable shareholder value.Singapore Exchange wants to attract more companies from China and Southeast Asia to list in the city-state to increase momentum in IPOs https://t.co/cY7hvuKr5K— Bloomberg (@business) February 5, 2026IPO
Activity Rebounds StronglyAccording
to PwC’s latest equity capital markets watch report, after a decline over the
past three years, Singapore’s IPO activities experienced a strong rebound in
2025 with 12 IPO deals.Deloitte’s
Southeast Asia IPO capital market report 2025 notes that the real estate sector
saw two key listings in Singapore, with assets for data centre and
accommodation purposes. While the consumer sector accounted for the highest
number of public offerings last year, it was real estate that fuelled the
massive increase in funds raised – S$2 billion compared to just S$34 million in
2024.According
to the report, these listings reflect a broader regional shift toward niche
asset classes. Investors are drawn to these sectors for their resilience and
growth potential.IPO
activity in Singapore is expected to progress in its recovery this year,
supported by regulatory and market reforms and specifically measures
implemented by the equities market review group.The
more accommodative interest rate environment has supported the return of REIT
listings on the Singapore Exchange, and healthcare and technology companies are
also expected to pursue listings on the SGX. Investors will remain selective,
focusing on companies with strong fundamentals, well-prepared offerings and
decent valuations.Dual
Listing and Structural ReformsWang
agrees that the universe of listed companies in Singapore is expected to
increase further and that structural reforms will also influence listing
activity.“The
MAS-SGX proposal for a dual-listing bridge with Nasdaq, aimed at attracting
high-growth Asian companies, could draw more issuers to Singapore from mid-2026
onward,” she says. “Combined with the Value Unlock programme, these efforts
should support a modest but steady expansion of SGX’s issuer base. The real
estate sector, in particular, is at an interesting inflection point.
Alternative-living platforms are already active with additional vehicles and
potential listings in the pipeline.”ETF
Flows and Pipeline GrowthShawn
Ang, portfolio manager of the Fullerton Singapore Value-Up Fund, also refers to
increased engagement with Singapore’s emerging mid-cap segment from
institutional investors, noting that flows into Singapore securities picked up
in 2025 with overall ETF fund flows reaching their highest level since 2021.Ang
(who co-manages the fund with Michelle Sim) says that since its inception the
firm has received a number of reverse enquiries about the fund and its
strategies, both locally and across the region.“In
terms of listings, Singapore’s IPO pipeline has been picking up,” he says. “SGX
recorded 15 IPOs in 2025 - up significantly from 2024 – and as of the first
week of January 2026 more than 30 companies have begun preparing for listings
across the Mainboard and Catalist [which has no quantitative entry criteria].”????Hong Kong & Singapore to be biggest winners as global capital flows shift to #Asia:HK & SG are best choices for global investors seeking to diversify their portfolios amid geopolitical risks.DBS CEO Tan Su Shan via @SCMPNews. #WealthManagement https://t.co/j34B1J9Kz1— Urs Bolt ???? (@UrsBolt) February 9, 2026Ang
shares the view that initiatives such as the SGX-Nasdaq dual listing bridge,
which will allow companies to list on both bourses concurrently with a single
set of offering documents, can help to sustain a healthy IPO pipeline by
attracting high-quality growth companies.“SGX
has also been proactive in its outreach for IPOs from Chinese companies,
especially those pursuing a China + 1 strategy and looking at expansion to
Singapore,” he says. “This allows us to continue to grow our pipeline of
listings and is a trend that benefits the fund in terms of broadening the
investable universe and opening up more opportunities for investment in quality
stocks.”Strong
Fundamentals Attract InstitutionsAccording
to Robert St Clair, head of investment strategy at Fullerton Fund Management,
institutional investors may turn to domestic assets due to Singapore’s strong
economic fundamentals.“The
economy expanded by 4.8% in 2025, more than the Government’s forecast of 4%,
marking its best performance since 2021’s bounce back from the pandemic-induced
recession,” he observes. “Supported by strong productivity, external demand and
trade momentum, Singapore is a valuable anchor in this disruptive realpolitik
environment.”Singapore’s
AAA sovereign rating, stable currency, strong rule of law and fiscal soundness
continue to make local assets highly attractive to institutional investors
seeking safe, predictable returns - especially against a backdrop of volatile
global geopolitics and rising scrutiny on fiscal sustainability across
developed markets, says Wang.“Investor
appetite has remained robust across sectors, supported by sound market
fundamentals and lower financing costs,” Wang concludes. “These characteristics
reinforce Singapore’s status as a regional safe haven and strengthen the case
for sustained institutional overweighting to domestic assets.”
This article was written by Tareq Sikder at www.financemagnates.com.
IC Markets Showcases Global Presence at iFX Expo Dubai 2026
IC Markets, a leading global forex and CFD provider, will participate in iFX Expo Dubai 2026 as an Elite Sponsor, reinforcing its continued investment in technology, partnerships, and long-term growth across global markets. With nearly two decades of experience serving traders worldwide, IC Markets will use the event to highlight its institutional-grade infrastructure, deep liquidity offering, and expanding suite of trading solutions designed to support both retail and professional market participants. As part of the official agenda, Jason Hughes, General Manager at IC Markets, will speak on “Margin Optimisation: Leverage That Works for You,” a session focused on responsible leverage models, capital efficiency, and risk-aligned margin methodologies that support sustainable trading environments. Throughout the event, IC Markets will be available at Booth 3, where the team will meet with partners and industry peers to discuss platform technology, integrations, and evolving market requirements. Commenting on the company’s participation, Tony Philip, Chief Marketing Officer of IC Markets, said: “Our presence at iFX Expo Dubai reflects IC Markets’ ongoing commitment to building robust, transparent trading environments supported by institutional-grade technology. We look forward to engaging with partners and contributing to meaningful conversations around the future of global trading.”About IC MarketsFounded in 2007, IC Markets is a globally recognised CFD broker offering access to FX, indices, commodities, stocks, and cryptocurrencies. Known for its institutional-grade infrastructure and trader-focused approach, IC Markets serves clients across multiple regions worldwide. Find out more about IC Markets icmarkets.com/global
This article was written by FM Contributors at www.financemagnates.com.
Freedom Holding Corp. Reports Financial Results for the Nine Months and Quarter Ended December 31, 2025
Freedom Holding Corp. (https://www.freedomholdingcorp.com/)(Nasdaq: FRHC), a diversified financial services and technology group, today announced financial results for the three and nine months ended December 31, 2025, reflecting growth in assets and shareholders’ equity, strong operating cash flow generation, and continued expansion of its customer base across core business segments.The holding company’s total assets at the end of the third quarter amounted to $12.38 billion, which is 25% higher than at the end of the previous fiscal year - $9.91 billion. The growth in assets was driven by the expansion of the company’s own investment portfolio and an increase in client balances in brokerage accounts.Key Financial HighlightsFor the nine months ending 31 December 2025, operating cash flow reached $1.73 billionTotal shareholders’ equity rose to $1.40 billion, up from $1.21 billion at the end of the prior fiscal year.Net income for the 3Q FY2026 was $76.2 million.Diluted earnings per share (EPS) were $1.25 for the quarter and $2.38 for the nine-month period.Cash flow and liquidityDuring the nine-month period, net cash provided by operating activities totaled $1.73 billion. This was driven primarily by growth in customer funds held in brokerage accounts, as well as a reduction in margin-related balances.As of 31 December 2025, cash, cash equivalents, and restricted cash stood at $3.51 billion, compared to $1.64 billion at the start of the financial year.Revenue and operating performanceTotal revenue for the three months ending 31 December 2025 amounted to $628.6 million, driven by interest income, brokerage and commission revenues, and insurance premiums. Revenue for the nine-month period totaled $1.69 billion. This diversified revenue mix reflects continued customer activity across the brokerage, banking, and insurance segments, providing stability in the face of fluctuating market conditions.Customer Growth and Business DevelopmentFreedom Holding Corp. continued to scale its platform during the reporting period. The number of banking customers increased from 2.5 million to 4.5 million over nine months, while the brokerage customer base grew by more than 20%. Growth was supported by expanded digital offerings and continued development of the company’s financial and non-financial ecosystem.The company demonstrated the effectiveness of its diversified business model across financial, insurance, and technology segments.“We continue to develop our digital ecosystem by integrating traditional brokerage and banking with everyday consumer services. This ecosystem supports a wide range of use cases, from daily purchases such as groceries and tickets to transactions involving complex investment instruments. The strategy we adopted several years ago - to build a trusted operating environment rather than a simple marketplace - is delivering results. More than 7 million customers now use our platform. Our SuperApp is the most downloaded application in Kazakhstan, with plans for expansion into additional markets. Global technology leaders, including NVIDIA, Amazon, and Microsoft, are participating in our projects,” said Timur Turlov, Chairman of the Board of Directors and Chief Executive Officer of Freedom Holding Corp.About Freedom Holding Corp.Freedom Holding Corp. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index.
This article was written by FM Contributors at www.financemagnates.com.
Dating or Defrauding? CFTC Targets $10 Billion Pig Butchering Scams Before Valentine's
The
Commodity Futures Trading Commission (CFTC) has assembled more than 20 federal
and state agencies for a coordinated push against relationship investment
scams, timing the campaign around Valentine's Day when scammers traditionally
intensify their operations.CFTC Rallies Federal
Partners to Combat $10 Billion Romance Scam IndustryThe fraud,
which criminals call "pig butchering," drained an estimated $10
billion from Americans in the past year. The CFTC's Office of Customer
Education and Outreach is coordinating
the national "DatingOrDefrauding?" social media campaign, which runs
through Saturday."Foreign
criminals are exploiting dating apps, social media, messaging platforms, and
artificial intelligence to steal money from American citizens," CFTC
Chairman Michael S. Selig said. "Keep
your friends and family safe by warning them about this scam and encouraging
them to keep their crypto assets safe by using trusted and secure software
systems and U.S.-regulated intermediaries."Losses Jump 66% as
Criminal Networks IndustrializeThe
financial damage from these scams has accelerated sharply. Americans lost
$10 billion dollars to Southeast Asia-based operations, representing a 66% increase
year-over-year. Worldwide losses likely exceed $75 billion, according to
industry estimates.Pig
butchering scam revenues grew nearly 40% in 2024, while deposits into these
fraudulent schemes jumped 210%. Individual U.S. victims reported average losses
exceeding $150,000 in cases linked to scam service providers.The
criminal operations are heavily concentrated in Southeast Asia. Cambodia, Laos,
and Myanmar generated $43.8 billion in scam revenue, with between
100,000-150,000 forced workers exploited in Cambodian scam centers alone.
Approximately 305,000 scammers operate across the three countries.Scammers
increasingly use AI-generated messages and move victims from platforms like
WhatsApp to encrypted apps like Telegram, making detection more difficult for both
victims and law enforcement.Federal Coalition Spans 13 AgenciesThe
campaign includes the Department of Justice Criminal Division, FBI, Securities
and Exchange Commission, IRS Criminal Investigation, U.S. Secret Service, and
Financial Crimes Enforcement Network. State
regulators from Minnesota, Oregon, Washington, Wisconsin, and the Virgin
Islands are also participating, along with self-regulatory organizations FINRA
and the National Futures Association.The CFTC is
simultaneously working with the International Organization of Securities
Commissions on a global initiative. The Valentine's week campaign builds on a
similar effort conducted in October 2025, when 16 jurisdictions across five
continents carried out coordinated educational outreach.The SEC
launched its own campaign in April 2025 highlighting "pig butchering"
and other relationship-based investment scams, creating videos and educational
resources about the fraud.How the Scam WorksThe fraud
relies on dating apps, social media platforms, messaging apps, and even random
"wrong number" text messages to identify targets. Scammers use fake
profiles, images, videos, and AI-generated voices to appear trustworthy and
professional.After
establishing frequent contact and building emotional connections over weeks or
months, the scammers claim to earn significant profits trading crypto assets,
precious metals, or foreign currency. They offer to help victims do the same.Victims are
directed to fraudulent trading platforms controlled by organized criminal
networks. The platforms show fake profits initially to encourage larger
deposits, but victims can never withdraw their money.Warning
signs include an online friend or romantic interest who cannot meet in person,
moves conversations to encrypted messaging apps, claims expertise in crypto
trading, or offers to help invest money.Coinbase
warned about these scams in 2022, noting that scammers use dating apps to build trust before directing
victims to fraudulent investment platforms. The exchange adds addresses
associated with scams to its products' blocklists.Enforcement Division
Refocuses on Fraud PreventionThe CFTC
announced a major reorganization of its Division of Enforcement on February 4,
2025, with a renewed focus on fraud prevention. Acting Chairman Caroline Pham
simplified the Division's task forces into two primary teams: the Complex Fraud
Task Force and the Retail Fraud and General Enforcement Task Force, which
focuses on fraud affecting retail investors.On
September 4, 2025, the CFTC completed its "enforcement sprint" by
issuing six orders that simultaneously filed and settled material compliance
violations against 10 firms, imposing 8.325 million dollars in total penalties.Under
Chairman Selig's leadership, which began in 2026, the CFTC has prioritized
fraud prevention over technical compliance violations. The agency now
emphasizes guidance over enforcement actions and focuses on willful misconduct
rather than inadvertent compliance issues.The
regulator released updated guidance on self-reporting, cooperation, and
remediation on February 25, 2025, and announced updates to its procedural rules
and investigative guidelines on December 1, 2025, aiming to improve
transparency and due process.
This article was written by Damian Chmiel at www.financemagnates.com.
INFINOX Inks Sponsorship Deal with English Premier League Club Tottenham Hotspur
INFINOX signed a multi-year partnership with
Tottenham Hotspur, becoming an official global partner of the Premier League
club. It grants the CFD broker a rights package that
includes branding, digital activations, content collaboration and hospitality. Focus on International Markets and EducationAdditionally, the partnership will cover fan engagement and
educational initiatives. “Tottenham Hotspur has built a genuinely international
audience, particularly in markets where digital financial participation is
growing quickly. This partnership reflects our focus on engaging globally
mobile, informed clients through trusted, regulated platforms,” commented Elena
Moiseeva, the Chief Marketing Officer at INFINOX.INFINOX is not new to sports sponsorship. Last year, the platform
announced a collaboration with Sportgate International to become the Official
Trading Partner and Team Zurich Sponsor of the Chestertons Polo in the Park
event in London.INFINOX’s branding featured on Team Zurich shirts,
pitch-side boards, and other major touchpoints, highlighting its visibility
and association with the sports experiences.More Sports Sponsorship Deals Additionally, in the racing space, INFINOX entered into a partnership with Acelerador Racing last year to sponsor its car in the Porsche
Cup Brazil 2025. As part of the collaboration, the brokerage’s logo featured on
the vehicle’s top hood and upper door panels throughout the racing season. The debut race took place last
March at the Autódromo Velocitta circuit. Earlier, the firm appointed Brazilian actor and model Carlos Casagrande as its brand ambassador.The broker is not the only player keen on sports sponsorship. Hantec Markets recently entered into a multi-year UFC sponsorship across the Asia-Pacific region, using the partnership to spotlight both its CFD brokerage brand and its prop trading arm, Hantec Trader.INFINOX operates under a multi-jurisdictional regulatory framework. It has expanded
from a Contracts for Difference broker into a diversified financial services
organization. Its institutional division, IXO Prime, provides liquidity,
technology and risk management solutions to institutional clients, including
hedge funds and proprietary trading firms.
This article was written by Jared Kirui at www.financemagnates.com.
Propetriary Investment Firm Jump Trading to Take Stakes in Kalshi and Polymarket: Report
Jump Trading is set to gain small stakes in
prediction-market platforms Kalshi Inc. and Polymarket in return for providing
liquidity, according Bloomberg. The move tightens the
Chicago-based firm’s ties to a fast-growing corner of derivatives trading built
around event-based contracts.Venture-Style Liquidity DealsJump’s agreement with Kalshi involves a set amount of
equity in the company, the people said, who asked not to be identified because
the talks are private. The size of its stake in Polymarket will depend on how
much trading capacity Jump ultimately provides to the platform’s US operation.The arrangements resemble venture deals, with Jump
receiving ownership in exchange for supplying liquidity and trading resources
rather than only cash.Kalshi and Polymarket rely on market makers, including
in-house systems, that commit capital and stand on the other side of client
trades. These firms help keep markets open and prices tight, particularly
during volatile or uncertain periods.Related: Prop Firm Jump Trading Enters Prediction Markets Under the Radar as Volumes SurgeKalshi’s latest funding round valued the platform at
about 11 billion dollars, while Polymarket’s recent fundraising put its
valuation near 9 billion dollars.Expansion of Event-Contract TradingThe investments align with Jump’s broader push beyond
traditional asset classes such as equities into event-based contracts. The
firm, founded in 1999 by two former Chicago Mercantile Exchange pit traders,
already trades US Treasuries, futures and crypto, using quantitative strategies
driven by artificial intelligence models. Other trading firms have taken similar steps.
Susquehanna International Group disclosed in 2024 that it would act as a market
maker on Kalshi. Last year, Susquehanna and retail brokerage Robinhood Markets
Inc. acquired a majority stake in LedgerX, a US-based derivatives exchange.That deal gave them direct control over infrastructure
to list and clear event contracts, with Susquehanna serving as a “day-one
liquidity provider” to ensure customers have a ready counterparty.Late last year, Jump Trading started making markets on Kalshi, marking one of the first instances of a major proprietary trading firm entering the fast-emerging event-betting sector attracting attention across Wall Street and Silicon Valley. The firm then started providing liquidity on Kalshi’s event contracts.
This article was written by Jared Kirui at www.financemagnates.com.
FCA Wants to Prove London’s Markets Are More Liquid Than Many Think
Britain’s
markets watchdog is preparing to publish trading data for every London-listed
share in a bid to prove that UK equity liquidity is much stronger than many
issuers and advisers assume. The move
comes after several companies cited lower liquidity as a reason to favor a US
listing over London.According to the Financial Times, The
Financial Conduct Authority (FCA) plans to collect and release data from all trading
venues, including exchanges, dark pools, systematic internalizes and
over-the-counter markets. Current figures focus mainly on the London Stock
Exchange’s central limit order book and miss large parts of the market.FCA Targets Under-Reported UK LiquidityInterim
markets director Simon Walls was quoted by the publication saying that there is an under-reporting of UK
share liquidity. He said the FCA is talking to
multiple parties about stepping to
fix the problem ahead of a full consolidated tape, which is due next year.Between
January and September last year, official order book data captured about 270
million UK share transactions. The FCA estimates that the total notional amount
traded was roughly four times higher when all venues are included.You may also like: FCA Unveils Consumer Tool as The UK Investment Scams Hit 800,000 VictimsAdvisers say
prospective issuers still view London as less liquid than US markets. The LSE
has tried to push back with a document showing FTSE liquidity is
comparable with major US indices and noting that most UK companies that listed
in the US after raising more than 100 million dollars now trade below their
offer price.Wider Reforms to Revive Capital MarketsThe FCA has
already eased some rules to speed up equity and debt issuance, including
removing the prospectus requirement for many secondary share sales.It is also
considering relaxing curbs on payment for order flow in certain wholesale
business, cutting reporting for some over-the-counter trades, removing position
limits in commodities, creating a framework for more tokenized assets and
trimming disclosure for securitizations.FCA plans to
publish the interim all-venue data so that investors, bankers and boards can
use a fuller picture of trading when they assess London’s appeal as a listing
venue.Interestingly, data gaps were responsible for 68% of anti-money laundering
(AML) fines issued to UK financial institutions over the past five years,
totaling more than £430 million, according to a review of 22 enforcement cases
by compliance technology firm Kyckr. Kyckr said these findings reflect a regulatory shift by the
Financial Conduct Authority, which is increasingly focused on the practical
execution of AML policies rather than their presence on paper.
This article was written by Jared Kirui at www.financemagnates.com.
Vantage Returns as Elite Sponsor to iFX EXPO Dubai 2026
Vantage Markets, a globally recognised multi-asset CFD trading platform with over 16 years of industry expertise, is proud to confirm its participation as an Elite Sponsor at iFX EXPO Dubai 2026. Scheduled to take place from February 10 to 12 at the Dubai World Trade Centre, the event marks Vantage’s continued commitment to connecting with traders, partners, and industry leaders worldwide, building on its presence at last year’s showcase.Since its founding in 2009, Vantage has established a presence across key global financial hubs. The company highlighted its diverse portfolio of CFDs spanning Forex, Commodities, Indices, Shares, ETFs, and Bonds, as part of its global platform capabilities. In a recent interview, Business Development Manager at Vantage, Souhail Fadlallah, highlighted the company’s 24/5 support, platform infrastructure, and educational resources, which aim to support traders and industry participants globally. He emphasised that Vantage focuses on providing reliable platform support and educational resources over the long term, and pointed out that Vantage’s high-quality infrastructure ensures that the experience remains the same and consistent, no matter when placing first trade or managing complex high-volume strategies. Vantage is participating at iFX EXPO Dubai 2026 to showcase its platform and engage with industry participants. "We aim to provide practical insights and clear information, rather than just brochures or giveaways," Fadlallah stated. "Vantage’s focus at the booth is on substance, practical insight and honest open conversations."For more information about Vantage and their participation in iFX EXPO Dubai 2026, visit Vantage Markets.About VantageVantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.With over 16 years of market experience, Vantage delivers an established trading platform built around an award-winning mobile app, providing clients access to trading opportunities in major financial markets.trade smarter @vantageRISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Services are provided only by Vantage entities licensed in their respective jurisdictions. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.
This article was written by FM Contributors at www.financemagnates.com.
RWA Tokenisation in the UAE: What Asset Owners and Issuers Need to Know in 2026
Real-world asset (RWA) tokenisation is no
longer a conceptual framework. For asset owners and issuers, it has become a
practical question of structure, governance, and regulatory recognition, one
increasingly addressed at the board and shareholder level rather than in
innovation labs.
Nowhere is this shift more visible than in
the UAE, where regulatory regimes (rules and frameworks for overseeing
financial activities), market infrastructure (the systems that enable trading
and settlement of financial assets), and institutional capital (large-scale
investment from organisations such as funds or banks) have converged to make
asset digitisation executable rather than experimental.
As a result, RWA tokenisation is being
evaluated not as a technology initiative, but as a capital-markets and
asset-structuring exercise.
The Mandate: From Feasibility to an
Execution-Ready Tokenisation BlueprintAt the institutional level, tokenisation
does not begin with token design. It begins with feasibility, specifically,
whether a tokenised structure can be built that is legally enforceable,
licensed by a reputable regulator, and, most importantly, commercially viable
over time.In practice, feasibility rapidly expands
into the design of a full tokenisation blueprint. This includes defining the
program's scope, the token's lifecycle, the relationship between the underlying
asset and the token's economics, and the operational dependencies required to
support issuance, holding, and potential secondary activity.For boards and senior management,
tokenisation is credible only when presented as a complete system. Isolated
token issuance, without clarity on custody, governance, audit, and regulatory
positioning, would not survive institutional scrutiny. The shift from
feasibility to blueprint is therefore the first important step.????HUGE: After UAE, Qatar Financial Centre to kick off real estate tokenization, starting with over $500M worth of towers.Also in the pipeline: tokenized investment funds and a fresh digital asset regulatory framework. Dubai picked XRP Ledger for real estate tokenization as… pic.twitter.com/ajlGvWyW1s— Stellar Rippler? (@StellarNews007) May 25, 2025Asset Classification in the UAE: How
Regulators Actually Assess RWA TokensOne of the most critical and most
frequently misunderstood elements of RWA tokenisation in the UAE is regulatory
classification.The UAE applies an activity-based
regulatory approach, meaning that regulation depends on the specific financial
activities involved rather than the product label. Regulators focus on what a
token represents economically, the rights and obligations it creates, and the
activities surrounding its issuance and distribution. Labels such as
"utility token" or "security token" are secondary, and are
not even present in the regulations.In practice, this means that asset-backed
tokens may or may not trigger regulated financial activity, depending on the
jurisdiction of the issuance. This assessment has material consequences
for licensing requirements, disclosure obligations, custody rules, and investor
access.Engagement commonly spans multiple
authorities, including the Dubai Virtual Assets Regulatory Authority, the Abu
Dhabi Global Market, and relevant federal regulators such as the Capital
Markets Authority (CMA) and even the UAE Central Bank. Selecting the
appropriate regulatory perimeter is therefore one of the most important
structuring decisions.Token Design Must Follow Asset EconomicsA recurring lesson in execution is that
token design cannot get abstracted from the underlying asset.Physical commodities, income-producing
assets, and infrastructure projects each exhibit different economic
characteristics, yield profiles, liquidity constraints, operational risks, and
custody requirements. These characteristics dictate how value can be
represented digitally and what claims tokenholders can reasonably expect.In practice, this requires mapping asset
economics into enforceable tokenholder rights, issuer obligations, and risk
allocation mechanisms. Yield-bearing structures, for example, must clearly
articulate the source of yield, payment mechanics, and conditions under which
returns may be suspended or adjusted.Tokens designed independently of asset
realities may function technically, but they tend to collapse under regulatory,
auditor, or investor review. Institutional-grade RWA tokenisation succeeds when
the token is a faithful economic representation of the asset, not a financial
abstraction layered on top of it.Custody and Bankruptcy Remoteness: The
Institutional GatekeepersCustody architecture is often the single
most decisive factor in whether an RWA tokenisation project progresses.Regulators, auditors, and institutional
investors focus first on asset control: who holds legal title, how assets are
safeguarded, and whether they are insulated from issuer insolvency. These
questions are not theoretical; they determine whether a tokenised structure is
considered credible.In practice, this usually involves
third-party custodianship, clear asset segregation, and bankruptcy-remote
arrangements that correspond to off-chain legal title with on-chain
representation.Without this alignment, tokenised assets
struggle to meet institutional acceptance thresholds, regardless of the quality
of the technology stack.Audit, Verification, and
Proof-of-ReservesInstitutional RWA tokenisation requires
continuous credibility rather than one-time assurances.
Independent audit and verification frameworks, therefore, become foundational.
These may include proof-of-reserves mechanisms, reconciliation between on-chain
records and off-chain custody, and periodic reporting aligned with regulatory
and investor expectations.In practice, auditors often become de facto
stakeholders in the design of tokenisation. Their ability to verify asset
existence, control, and flows directly influences the regulator's confidence
and investors' trust. Projects that defer audit considerations until late in
the process frequently face costly redesigns.Governance On-Chain and Off-ChainTokenisation materially raises governance
standards. Institutional RWA structures require clearly defined issuer
obligations, tokenholder rights, operational controls, and escalation
mechanisms. These governance models must operate coherently across smart
contracts and traditional legal documentation.Boards and regulators pay particular
attention to accountability: who can make changes, under what conditions, and
how those changes are communicated. Governance design is therefore not an
accessory to tokenisation—it is central to approval and sustained viability.Read more: SEC Clarifies the Rules Around Tokenised Stocks - Will It Encourage US Issuers Now?Legal Architecture and Cross-Border
StructuringInstitutional RWA tokenisation in the UAE
is rarely confined to a single jurisdiction.Legal architecture must address
enforceability, liability allocation, disclosure obligations, and cross-border
regulatory interactions.Given the issuer’s international footprint,
a comparative analysis was also conducted across the UAE, Switzerland, and the
EU under the Markets in Crypto-Assets Regulation (MiCA), a European Union legal
framework for crypto-asset markets. While MiCA provides standardisation and
clarity, it also introduces heavier disclosure and liability regimes.
Switzerland offers alternative structuring options, each with its own
trade-offs.In many institutional cases, hybrid
structures emerge as the most pragmatic solution. The UAE frequently serves as
the anchor jurisdiction due to its flexibility and regulator engagement model,
while other jurisdictions are integrated where appropriate.Commercial Execution and Board-Level
Decision FrameworksRegulatory compliance, though essential, is
only one component of a viable RWA tokenisation program. In practice, many
technically compliant projects still fail to progress because commercial
execution has not been adequately designed or stress-tested.At the institutional level, tokenisation
delivers a new operational and economic model that must function coherently
across issuance, holding, servicing, and—where applicable—secondary activity.
This requires clearly defined token issuance flows, lifecycle mechanics, and
risk apportionment across all participating parties, including the issuer,
asset custodian, auditor, technology providers, and any distribution or trading
venues.From an execution standpoint, one of the
most critical deliverables is translating these design choices into board-level
briefing materials and decision frameworks. Senior stakeholders are not
evaluating tokenisation on novelty; they are assessing downside risk, capital
efficiency, reputational exposure, regulatory durability, as well as strategic
optionality. They expect to understand how the structure behaves under stress
scenarios, how liabilities are allocated, and what operational dependencies
exist over the life of the program.Projects that reach execution successfully
tend to share a common characteristic: tokenisation is treated as a coordinated
commercial program from the outset, with defined ownership, governance, and
accountability. By contrast, initiatives that approach tokenisation primarily
as a compliance exercise commonly struggle to secure final approvals, as
commercial and operational questions surface too late in the process.The Core Lesson for Asset Owners and
IssuersOnce tokenisation moves from concept into execution, a consistent lesson emerges: RWA tokenisation is not a single discipline, nor can it be delivered by any one function in isolation. Successful institutional tokenisation requires integrating multiple domains - asset
economics, regulatory classification, legal structuring, custody design, audit
and verification, governance, and ongoing operational execution. Weakness or
ambiguity in any one of these areas tends to undermine confidence in the entire
structure.For asset owners, this frequently
represents a cultural shift. Tokenisation exposes assumptions that may have
been implicit in traditional asset structures, forcing explicit decisions
around control, transparency, and accountability. It also demands closer
coordination between legal, finance, operations, and technology teams than many
organisations are accustomed to.Where these elements are aligned into a
single, logical framework, tokenisation becomes a durable institutional
solution, capable of sustaining long-term capital strategies and regulatory
engagement. Where they are not, tokenisation remains an experimental
initiative, vulnerable to regulatory pushback, investor scepticism, or
operational friction.Complexity Is a ChallengeThe UAE has positioned itself as one of the
most credible and commercially viable environments globally for institutional
RWA tokenisation. Its regulatory posture, market infrastructure, and engagement
model provide asset owners with a framework for assessing and implementing
tokenisation with a high degree of confidence.That said, the UAE’s advantages do not
eliminate complexity. They reward asset owners and issuers who approach
tokenisation as a structural, regulatory, and governance challenge rather than
a technology launch or branding exercise.In institutional RWA tokenisation, the
difference between concept and execution is not incremental. It is decisive.
Real value is created not at the point of issuance, but in the quality of the
framework that supports the asset over its lifecycle.
This article was written by Anton Golub at www.financemagnates.com.
Kraken-Backed xStocks Debut on Deutsche Börse’s 360X
Kraken-backed xStocks have gone live on 360X, giving
Deutsche Börse Group clients access to tokenized versions of major equities on
a regulated secondary trading venue. The move is the first major product
milestone under the partnership that Kraken and Deutsche Börse Group announced
in December.According to the company, participants on 360X can trade five
xStocks instruments, CRCLx, GOOGLx, NVDAx, SPYx and TSLAx, against
stablecoins. The listing broadens institutional access to the
xStocks standard and aims to support further growth in trading volumes and
unique holders.Track Established Equity and ETF MarketsxStocks launched last year and have reportedly generated
nearly 20 billion dollars in total trading volume since then. Each token is
backed one-to-one by the underlying equity or ETF, which a licensed custodian
holds in a bankruptcy-remote structure.Continue reading: From Chat to Stock: xStocks Puts Tokenized U.S. Equities Inside TON Wallet on TelegramMark Greenberg, Global Head of Consumer and Vice
President of Product for xStocks, highlighted that the demand has come from investors who want
digital instruments that track established markets.“The rapid adoption of xStocks reflects strong global
demand for digitally native instruments that provide exposure to established
financial markets,” said Greenberg. “Integrating with a leading distribution
channel like 360X means Deutsche Börse Group clients can now access one of the
most liquid ecosystems for tokenized financial instruments.”He added that integration with 360X gives Deutsche
Börse Group clients access to a liquid ecosystem for tokenized financial
instruments and enables round-the-clock trading with instant settlement.Aiming for Round-the-Clock Trading360T is Deutsche Börse Group’s global FX trading platform, focused on institutional foreign exchange and short-term money market products, and now also offers an integrated institutional crypto spot venue. 360X, by contrast, is a separate regulated secondary trading venue for tokenized financial instruments, including credits, rates, equities and funds. The latest partnership between the crypto exchange and Deutsche Börse
Group spans foreign exchange, custody, settlement and tokenized assets. The
firms aim to combine regulated market infrastructure with crypto-native
capabilities for institutional clients. However, xStocks on 360X not available to
U.S. clients.Earlier, xStocks debut its tokenized equities on the TON blockchain, allowing Telegram’s nearly 100 million users to buy and trade
fully backed versions of U.S. stocks and ETFs directly through the app’s
built-in TON Wallet. The integration brought traditional financial assets
onchain, expanding investment access within Telegram’s fast-growing ecosystem.
This article was written by Jared Kirui at www.financemagnates.com.
Elev8: a new global brokerage brand revealed
A group of companies that operated under the Octa brand announced it is opting out of the brand-sharing agreement. Bringing its participation in Octa to a close, it will emerge as Elev8, an independent international brokerage brand, effective 9 February 2026. The changes will affect only the brand identity, while the operational processes remain unchanged.The group of companies that used the Octa brand under a brand-sharing agreement has recently announced that it is launching its own, independent global brokerage brand and withdrawing from Octa. The group comprises two licensed entities, regulated in Mauritius and Comoros, respectively.With a view to opening a new chapter in its journey, the group of companies will take the course towards full independence and self-sufficiency going forward. Separating from Octa, it will operate as a new global brand, Elev8, starting 9 February 2026.Elev8 emphasises it will maintain continuity with the best industry practices—in other words, stick with what really works. The new brand plans to meet the highest Fintech standards—a reasonable claim, given that it was created by seasoned professionals with 15 years of experience building FinTech solutions. That track record, plus the robust, time-tested infrastructure, can become the foundation of Elev8's market success.While the new brand identity, visuals, app, and website will reflect the independent course the group of companies has taken, the customer journey will remain unchanged. It includes statuses and benefits, trading conditions, and platform functionality. Elev8 emphasises its focus on continuity during the initial period of operating as a new brand; this focus will help minimise disruptions for traders.Elev8 will operate under the brokerage licences of Mauritius and Comoros, but plans to obtain additional reputable licences to create new opportunities for its clients.Elev8 is a global broker that takes trading to a new level. Elev8 provides traders with an ecosystem designed to meet their needs, featuring a wide range of instruments, analytical and educational tools, integrated AI solutions, and responsive customer support. As a socially responsible broker, Elev8 funds various charitable projects and humanitarian efforts worldwide.
This article was written by FM Contributors at www.financemagnates.com.
Ethereum Falls to $2,000 But New Price Prediction Targets $7,500 by End-2026
Ethereum
price tumbled 3% on Monday, February 9, 2026, trading at $2,028 and
edging dangerously close to the psychologically critical $2,000 level.
This selloff comes despite bullish institutional ETH price forecasts from major
banks like Standard Chartered and Citi, creating a stark disconnect between
long-term predictions and current market realities.In this
article I am answering a question of why Ethereum price is going down today and
how low it can go according to my technical analysis of ETH/USDT chart.
Moreover, I am examining the newest ETH price forecasts from the biggest investment
banks. You can follow me on X for more crypto and metals technical analysis.Ethereum Price Predictions
2026Standard Chartered's
Aggressive $7,500 TargetStandard
Chartered has
emerged as the most bullish major financial institution on Ethereum, with
Geoffrey Kendrick, Global Head of Digital Assets Research, declaring 2026
as "the year of Ethereum". The bank's revised forecast sets
a $7,500 target for end-2026, with extended projections
reaching $15,000 in 2027, $22,000 in 2028, $30,000 in 2029, and $40,000
by 2030.The
London-based bank cites several catalysts supporting this aggressive
outlook: Ethereum's dominance in stablecoins and DeFi,
institutional accumulation (firms like Bitmine Immersion now hold 3.4% of
circulating ether), and the anticipated Fusaka network upgrade.
Standard Chartered analysts also linked technical improvements to an even more
aggressive $12,000 price target, contingent on successful
implementation of Vitalik Buterin's roadmap for a 10x increase in
Ethereum's Layer 1 throughput by 2026.The bank's
confidence partially stems from pending U.S. regulatory clarity, particularly
the Clarity Act, which underwent Senate review in mid-January with
potential passage expected in Q1 2026. However, recent market
volatility has tested these optimistic scenarios.Citi and Traditional
Finance Join the Bull CampCiti has issued a forecast
predicting Ethereum would reach $5,440 within 12 months, citing
rising investor demand and sustained ETF inflows. The bank's analysts wrote
that they anticipate "modest upside into year-end, with further gains
expected next year due to investor demand."Traditional
finance institutions have coalesced around conservative but bullish
targets in the $6,500-$7,500 range, highlighting aggressive accumulation by
corporate treasuries and spot ETFs. These institutional vehicles have acquired
approximately 3.8% of all Ether in circulation since June 2025.
Treasury firms alone purchased around 2.3 million ETH in just
over two months, nearly double the pace seen in comparable Bitcoin accumulation
phases.Earlier
institutional forecasts from September 2025 targeted $5,200 for Ethereum by
Q1 2026, driven by Federal Reserve rate cuts and liquidity expansion. Those
projections now appear overly optimistic given current price action.ETH Technical Analysis:
Bears Control the ChartMy
technical analysis paints a starkly different picture from institutional
bullishness. Bears currently dominate the Ethereum chart, and I've
identified three distinct downside targets for the coming
weeks and months.Short-Term Target: $1,760The first
near-term target sits at $1,760, matching 2026's year-to-date lows and
coinciding with May 2025 minimums. Sunday's bearish pin bar below the
local resistance at $2,100 signals we should head toward this level
soon. This represents approximately 33% downside from current levels.Medium-Term Target: $1,400The second
target lies around $1,400, corresponding to April 2025 lows. Bitcoin has
already tested these depths, but Ethereum hasn't yet revisited these
levels—making it only a matter of time. While I would anticipate a bounce
from this zone, Bitcoin's chart accelerated much more aggressively before
deciding to reverse. This level represents 47% downside from Monday's
price.Long-Term Bearish
Scenario: $1,000In a more
bearish long-term scenario, I wouldn't rule out a decline to the psychologically
round $1,000 level—the lowest prices since November 2022. Significantly,
this area also aligns with the 100% Fibonacci extension measured on the
downtrend from near-$5,000 peaks in August 2025. This catastrophic scenario
would erase virtually all gains achieved since late 2022.Similar
bearish technical patterns emerged in November 2025, when death cross formations signaled
potential declines to $1,370-$1,500 range.Vitalik's Austerity Sparks
ConcernsPaul
Howard, Director at Wincent, contextualizes Ethereum's price weakness within broader risk market
dynamics: "ETH's price move is indicative of what we see in global risk
markets and compounded by rumours Buterin's Ethereum Foundation is 'entering a
period of mild austerity' over the next five years to achieve its goals."Howard
references Vitalik Buterin's January 30 announcement: "For this reason, I
have just withdrawn 16,384 ETH, which will be deployed toward these
goals over the next few years." On-chain analysis shows only about 3,000
ETH has been sold, but this move has "no doubt spooked ETH buyers into
a 'wait and see' mode and given the options market a free lunch on Tom
Lee."The
market's reaction to Buterin's withdrawal highlights investor sensitivity to
any perceived weakness in Ethereum's financial position—even when the
withdrawal represents a tiny fraction of circulating supply.Market Stabilization After
Extreme FearJoel
Kruger, crypto strategist at LMAX, offers a more balanced perspective: "The crypto market has
stabilized following last week's sharp selloff, which had pushed the crypto
fear and greed index to extreme fear levels."Kruger
notes that after Bitcoin retraced more than 50% from its October record
high, "price action has moderated, with signs of consolidation
emerging as forced liquidation pressures ease. The market appears to be
transitioning from a disorderly de-risking phase toward a more selective,
two-way environment."From a
positioning perspective, Kruger observes that "the depth of the correction
is beginning to attract interest from medium- and longer-term investors looking
to add exposure on weakness." This suggests accumulation may be
occurring beneath the surface panic, potentially supporting institutional
price targets on longer timeframes.This
stabilization follows extreme volatility in early February 2026, when crypto markets plunged to
2026 lows across major assets.Historical Context:
February's Make-or-Break MonthEthereum
entered February 2026 at a critical juncture after losing nearly 7% in
January—contrasting sharply with its historical median January return
of +32%. February historically delivers median gains around +15%
since 2016, making this month crucial for confirming trend direction.Key
technical levels to watch include support near $2,690 and upside
resistance at $3,000 and $3,340. The failure to hold $2,690 on Monday's
session validates the bearish case outlined in my technical analysis.Previous
Ethereum price predictions from mid-2025 targeted $16,700 by 2026 based
on ascending triangle patterns and institutional demand—forecasts that now
appear wildly optimistic given current market conditions.Analysis from
January 2026 questioned whether this would be the year Ethereum outperforms
Bitcoin, noting
that by 2026, Bitcoin and Ethereum moved together about 70-90% of the
time. Ethereum Price Prediction TableHowever, technical
momentum remains firmly bearish, and until Ethereum reclaims the $3,000
psychological level, bears maintain control. Previous
analysis from August 2025 showed similar technical setups leading to $10,000-$15,000
targets driven by AI adoption and Wall Street blockchain integration, targets
that now appear disconnected from market reality.
This article was written by Damian Chmiel at www.financemagnates.com.
CFD Broker SBCFX Joins Financial Commission, Offers Clients Dispute Platform Access
The Financial Commission has approved SBCFX as its newest
Member. SBCFX is the online trading brand of StarBridge Capital, a multi-asset
trading group. The group holds regulatory licenses from the Australian
Securities and Investments Commission, the Seychelles Financial Services
Authority, and the South African Financial Sector Conduct Authority.The Financial Commission has also approved other recent
members. Monstrade
was approved last week. It was founded by a group of asset managers with
experience in Dubai’s financial sector. [#highlighted-links#]
The announcement followed the Commission’s
certification of trading technology provider iTech Software. The
certification confirmed that its systems meet standards for brokers and
traders. iTech provides technology solutions for forex, CFD, crypto, and NFT
brokerages, including web trader platforms, back-office infrastructure, and
live support with monitoring and risk management.SBCFX Gains Access to EDR ProtectionAs an Approved Broker Member, SBCFX and its customers gain
access to a range of services and benefits. These include protection “for up to
€20,000 per the submitted complaint, backed by the Financial Commission’s
Compensation Fund.”The Financial Commission is an independent external dispute
resolution forum. It provides a platform to resolve complaints when
parties cannot reach an agreement directly. The Commission “initially set out
to provide a new approach for traders and brokers alike to resolve any issues
that arise in the course of trading electronic markets such as Foreign
Exchange,” and has since expanded into CFDs, related derivatives, and
certification of trading technology platforms.For CFD, forex, and cryptocurrency clients, the Commission
facilitates “a simpler, swifter resolution process than through typical
regulatory channels such as arbitration or local court systems.”Financial Commission Expands with Multiple BrokeragesOther firms recently confirmed as
members include RA Prime, which provides foreign exchange and CFD products
globally, as
well as FP Markets, OneRoyal, FXON, GTCFX, and Neex, an online brokerage
offering access to forex, indices, and commodities.
This article was written by Tareq Sikder at www.financemagnates.com.
FlexTrade Adds CME Forex Access for Spot Traders
Systems has
connected its FX trading platform to CME Group's spot and futures markets,
giving clients access to additional liquidity sources without requiring new
infrastructure.The
integration links FlexTrade's FlexFX system with CME's EBS Market central limit
order book and FX Spot+ platform. Users can now route orders to both venues
directly through their existing order management interface, similar to how FlexTrade
recently integrated with LoopFX for dark pool matching on large trades.Anonymous Pricing Meets
Futures LiquidityEBS Market
operates as an all-to-all order book where institutional traders and banks can
access firm pricing without last-look protocols. The venue handles spot and
non-deliverable forward transactions through a central limit order book
structure."New
innovations and partnerships drive demand to bring more FX liquidity into the
EMS to further optimize electronic trading," said Uday Chebrolu, senior
vice president for FX and digital assets at FlexTrade. "This data, in
turn, produces continuous improvements in trading performance, efficiency, and
speed."FX Spot+
takes a different approach by connecting over-the-counter spot traders to CME's
futures ecosystem. The platform converts futures liquidity into spot format,
allowing participants to interact with both market types through a single
interface. CME launched FX
Spot+ to
bridge the gap between these traditionally separate markets.Competing
platforms have also been adding CME connectivity. Integral
integrated both venues into its trading system last June, while CME recently partnered with
FairXchange to
provide execution analytics for EBS Direct users.Automated Routing Through
FlexAlgoWheelFlexTrade's
existing automation tools will work with the new CME connections. The
FlexAlgoWheel system can now include EBS Market and FX Spot+ in its routing
decisions, alongside other liquidity sources already connected to the platform.Paul
Houston, global head of FX products at CME Group, noted that "The past 12
months have once again demonstrated the critical role that EBS Market performs
in the FX market. Through FlexTrade's interfaces, mutual clients can now more
easily interact with the firm pricing on our anonymous EBS Markets spot and NDF
liquidity, as well as FX Spot+ which allows spot traders to access the futures
ecosystem and the FX futures liquidity in spot format".FlexTrade
previously partnered with
KCx Analytics to
add AI-driven market insights to its platform. The firm has been expanding
connectivity across different FX venues, including an integration
with CMC Markets for
CFD liquidity in 2017.The
integration reduces the technical work needed for FlexTrade clients who want to
trade on CME venues. Firms can add the connections without building separate
infrastructure or managing additional APIs.
This article was written by Damian Chmiel at www.financemagnates.com.
Elev8 Is Octa’s Offshoot New Brand
The spin-off brand of Octa has revealed Elev8 as its new contracts for differences (CFDs) broker platform. The domain, until recently, was posting celebrity and culture news.Going Completely OffshoreAs already reported, the new CFD brand will operate under the Mauritius- and Comoros-licensed entities, which previously operated the Octa brand under a brand-sharing agreement with several other global entities. These companies have completely stopped using the Octa brand and are only operating through the Elev8 brand. Traffic from the OctaFX.com website is now being diverted to the new Elev8 domain. The ownership structure of the entity operating Octa or Elev8 remains unclear.The Octa brand, meanwhile, still exists, as other entities, including the Cyprus-regulated one that operated it, did not take part in the spin-off. Two other entities, one in South Africa and the other in Saint Lucia, also operated under the Octa brand.It remains unclear whether those entities will continue to operate under the Octa brand.[#highlighted-links#]
According to the team behind Elev8, all Octa customers under the Mauritian and Comoros entities will be moved to the new brand. The companies themselves remain unchanged, with only the brand name changing.“While the new brand identity, visuals, app, and website will reflect the independent direction the group of companies has taken, the customer journey will remain unchanged,” Elev8 said.
“It includes statuses and benefits, trading conditions, and platform functionality.”Although the broker has been onboarding traders under the Comoros licence, which it obtained from the regulator on the island of Mwali, the authenticity of the jurisdiction remains highly disputed.An Interesting Move, SEO-wiseThe two offshoot entities also did not opt for a new, unregistered website. Instead, they acquired an existing celebrity and culture news website, which appears to have hosted content as recently as last December, according to archived versions of the website.Although acquiring existing websites is a common tactic to strengthen brand value and SEO, the Elev8 case stands out as the site previously had no link to financial services. It appears that the previous Octa operators see value in the Elev8 brand for the brokerage industry.
This article was written by Arnab Shome at www.financemagnates.com.
China Replaces Crypto Ban with Stricter Regime, Carves Out Narrow Path for State-Controlled RWA
China has replaced its landmark 2021 crypto ban with a new, more comprehensive regulatory framework that tightens oversight across the digital asset sector.
While the updated rules formally acknowledge real-world asset (RWA) tokenization for the first time, they do so within a narrowly defined, state-approved structure, while restrictions on all other crypto-related activities are expanded rather than relaxed.
The new circular, jointly issued by eight government ministries, repeals the 2021 notice but replaces it with a broader set of prohibitions. The ban now explicitly extends to RWA activities conducted outside state-approved channels, as well as to the provision of advertising or internet traffic to any unauthorised crypto service.
This may appear to be a relaxation of policy, but in practice it represents a strategic tightening of control. The new framework establishes a highly asymmetrical system.
Under the revised rules, a stricter ban applies to virtual currencies and unauthorised RWA activities. The absolute prohibition on cryptocurrency trading, exchange services and initial coin offerings (ICOs) is reaffirmed and expanded. Any RWA activity that does not receive explicit state approval is now also classified as illegal financial activity.
At the same time, a narrow and tightly controlled channel is created for state-approved RWA. For the first time, the regulations allow RWA to exist legally, but only under two highly restrictive conditions.
Domestic RWA must operate exclusively on “designated financial infrastructure”, such as state-owned data exchanges, effectively creating a walled garden under direct government supervision. Cross-border RWA — including tokenised securities issued abroad using domestic Chinese assets — are now subject to a stringent China Securities Regulatory Commission (CSRC) filing regime, with extensive disclosure requirements and a “negative list” of prohibited asset types.The filing regime referenced in the new framework is set out in CSRC Document No. 1 (2026), published on the regulator’s official website. The document outlines supervisory requirements for cross-border issuance of asset-backed security tokens backed by domestic assets.? China Opens Green Channel for RWA! ?China's CSRC dropped "Document No. 1," establishing a landmark filing system for domestic assets to issue RWAs overseas. This isn't just a regulatory nod; it's a clear roadmap, strictly differentiating RWA from speculative virtual… pic.twitter.com/DqgvVZs2fv— EnrgiX (@EnrgixWeb3) February 9, 2026 Market Reaction Misreads the Signal
Initial market reaction included a rise in the shares of some Hong Kong–listed firms holding virtual asset licences, as investors interpreted the announcement as a broad opening for the RWA sector.
A closer reading of the regulations, however, suggests a different reality. The opportunity created by the new framework is not for a new class of broadly “compliant” crypto companies, but for a very limited number of entities willing and able to operate within China’s state-controlled financial infrastructure. The rules also specify that financial institutions may provide services — such as custody and settlement — only to these pre-approved RWA projects, reinforcing the state’s role as the central gatekeeper.
Ultimately, this is a story of China selectively adopting the technology of tokenisation while maintaining firm opposition to the principles of open, permissionless crypto markets. By constructing a narrow and tightly controlled pathway for RWA, Beijing is shaping its own version of a tokenised future — one in which the state, rather than the market, defines the boundaries of participation
This article was written by Tanya Chepkova at www.financemagnates.com.
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