CMC Markets, a FTSE 250 company, has launched Spectre, a new trading account designed for professional clients. The account allows users to trade shares, cryptocurrencies, commodities, bonds, ETFs, funds, and FX within a single account.Join IG, CMC, and Robinhood in London’s leading trading industry event!The launch of Spectre follows the firm’s recent initiatives in digital trading. Earlier, CMC Markets conducted a pilot for tokenised share trading in the UK. The test used distributed‑ledger technology through its corporate broking arm, CMC CapX, with blockchain firm StrikeX. Investors were able to execute trades using tokenised securities.CMC Markets Launches Spectre Tax-Free Account“By removing leverage, through a Spectre account, we are eliminating daily financing costs, and margin calls, alongside tax-free trading,” Lord Peter Cruddas, founder and CEO of CMC Markets, said. Spectre is a spread bet account with zero leverage. Clients trade using their own capital, meaning no daily financing charges and no margin calls. The account also offers tax advantages, with trading exempt from capital gains tax, stamp duty, and daily financing charges.“We still offer leveraged products, but not all clients want leverage because the associated costs can affect their long-term performance. Spectre is a tax efficient alternative to leveraged trading and will appeal to long-term traders who want to maximise their performance through tax efficiencies and eliminate the associated costs of leveraged trading,” Cruddas added.CMC Markets Expands Australian Reach Through Westpac PartnershipMeanwhile, CMC Markets has extended its technology partnership with Westpac Banking Corporation to provide white-label trading platforms for Westpac Share Trading and St.George Directshares. The integration, expected to take about 12 months, will give CMC access to Westpac’s 13 million customers and could increase its Australian client base by roughly 40%, with domestic trading volumes potentially rising 45%.Customers will use CMC’s technology through branded web and mobile platforms integrated with Westpac’s existing infrastructure. Cruddas said the partnership validates CMC’s technology and presents growth opportunities. The deal requires no regulatory approvals. This article was written by Tareq Sikder at www.financemagnates.com.

PU Prime, a global multi-licensed online brokerage, has announced the successful expansion of its trading servers in Asia, reinforcing its commitment to providing a superior and seamless trading experience for clients across the region.The newly deployed servers, hosted on Amazon Web Services (AWS) infrastructure, significantly enhance latency, execution speed, and connection stability. During internal testing, the newly deployed servers achieved an average operating speed of 30 milliseconds, a substantial improvement that reduces delays and ensures traders can execute strategies with precision and confidence.PU Prime noted that the company is experiencing substantial growth across Asia and anticipates that this trend will continue. The recent expansion of server infrastructure in the region is aimed at delivering a more stable and efficient trading environment to support optimal trader performanceBeyond technical enhancements, this expansion highlights PU Prime’s broader commitment to localisation and client-centric service. The company has been steadily expanding its support network, educational resources, and regional partnerships to ensure that traders across different markets have access to timely assistance and market insights tailored to their needs.With this move, PU Prime reaffirms its dedication to meeting the growing demand of its clients and empowering traders around the world to trade with confidence, wherever they are, backed by cutting-edge technology and a commitment to continuous innovation.About PU PrimeFounded in 2015, PU Prime https://www.puprime.com/forex-trading-account/ is a leading global fintech company providing innovative online trading solutions. Today, it offers regulated financial products across various asset classes, including forex, commodities, indices, and shares. With a presence in over 190 countries and more than 40 million app downloads, PU Prime is committed to enabling financial success and fostering a global community of empowered traders.For media enquiries, users can contact: media@puprime.com This article was written by FM Contributors at www.financemagnates.com.

The cryptocurrency market crashed for a second consecutive day today (Wednesday), 5 November 2025, losing over $1 trillion in market capitalization since early October as Bitcoin, Ethereum, XRP and Dogecoin prices led a broad-based selloff. The entire crypto ecosystem is experiencing dynamic declines with Ethereum at $3,303 (after -16% two-day crash), Bitcoin testing $100,000 psychological support, and major altcoins extending losses as institutional investors rotate out of digital assets.In this article, I examine why crypto is going down and conduct a technical analysis of the BTC/USDT, XRP/USDT, ETH/USDT and DOGE/USDT charts, based on more than 10 years of experience as a cryptocurrency investor and analyst.Why Crypto Is Going Down Today? Fed, AI Bubble, and Whale SellingFederal Reserve Chairman Jerome Powell's hawkish remarks downplaying December rate cuts created the initial catalyst for crypto's collapse. The probability of a December cut collapsed from 96% before Powell's press conference to just 69.3% afterward, dampening expectations for looser financial conditions that typically support cryptocurrency prices.Paul Howard from Wincent explained the market dynamics: "Cryptocurrency prices continued to slide and were pushed lower by a lack of positive macro news. There appears to be a big skew of selling on a major exchange which would back up the on-chain analysis indicating this is old BTC whale selling pressure. Dumping billions gradually into the ecosystem over the course of the last few days is not panic selling."The cryptocurrency collapse coincides with a broader tech selloff. Palantir dropped 8% despite beating earnings on valuation concerns, while Nvidia shed 4% losing $200 billion in market capitalization. The Nasdaq fell 2% and the S&P 500 declined 1.2%, reflecting growing worries about AI-driven stock valuations.Institutional investors pulled $1.15 billion from Bitcoin ETFs last week, led by BlackRock, ARK Invest, and Fidelity. This exodus signals a significant shift in sentiment as traditional financial institutions that drove Bitcoin's rally to $126,000 in early October are now reducing exposure amid Federal Reserve uncertainty and AI bubble concerns.Ethereum 16% Two-Day Crash Breaks 200-Day EMAAccording to my technical analysis, the price of Ethereum (ETH) has experienced two days of dynamic declines in a row, losing approximately 16% within 48 hours. For the chart situation, this is a very large change, and from my technical analysis, these declines from the first part of the week fully hand power to the bears, changing the trend currently to downward. Most significantly, we went below the 200-day exponential moving average (200 EMA), simultaneously breaking out of the consolidation range drawn since July, and also went below the zone of August lows, leaving behind a series of very important supports which are now resistance.ETH prices stopped at this moment at the last line of bullish defense, the 50% Fibonacci retracement drawn from April lows to the highs. This level falls around $3,175. If it is broken, Ethereum will continue its decline toward the 61.8% Fibonacci retracement and the range of local May and June highs between $2,760 and $2,650.At this moment, bears have the advantage in the market, so further depreciation cannot be ruled out either, and the target level or range, according to my forecasts, is the April minimums at the $2,380 level. This means ETH could fall from current levels by as much as 60%.Bitcoin Price Tests $100K After 8% Two-Day PlungeThe price of Bitcoin (BTC), like other major cryptocurrencies discussed by me in this analysis, has two days of dynamic declines behind it, during which it lost a total of 8% in value, and prices stopped only at the height of the psychological $100,000 level last tested in June. Today Bitcoin is trying to violate this level for the second day in a row. Bulls are trying to defend for now. If it is broken, however, it opens the road to a much stronger downward correction. We will officially exit the consolidation range drawn from May, and moving below the 200-day exponential moving average (200 EMA) only confirms that now bears are in the lead.I identify the first zone of declines around the levels of $92,000 and $94,000, where Fibonacci extension and retracement levels coincide, with the target zone of declines around $74,000 and $76,000, the April lows where the 161.8% Fibonacci extension also falls.You can read more about the potential range of Bitcoin declines in my separate BTC/USDT chart analysis which I wrote this week.Joel Kruger, strategist at LMAX, also provided important context: "A sustained move under the 50-week could extend the pullback toward the top of the cloud near $95,000, where we would expect strong support and the formation of a higher low before the next leg higher to fresh record highs. The key takeaway: this remains a healthy correction within an ongoing bull market, not a bearish shift."XRP’s Death Cross Looms at $2.30 SupportThe XRP is managing best for now compared to other leading cryptocurrencies, maintaining local support levels and trading still in the $2.20-$2.30 zone coinciding with July lows. This doesn't change the fact, however, that prices broke out at the beginning of October from a wedge or triangle formation and are currently consolidating at lower levels below the 50 and 200 EMA which are very close to drawing a death cross, a crossover which, according to technical analysis enthusiasts like me, is a strong sell signal.If the current support doesn't hold, we face a decline below the round $2.00 level, including toward $1.90, June lows. The next target decline level is $1.61 at April minimums, and the ultimate level is $1.25, the level last observed in November 2024 coinciding with intraday lows from October 10 when the market briefly collapsed, as well as my XRP price decline forecast based on Fibonacci extensions.You can read more on this topic in this article I wrote earlier.Dogecoin Also Sees Death Cross, Forms at Channel BottomAlthough Dogecoin (DOGE) chart clearly shows it has lost and cut itself off from its September highs by several cents, in broader terms we actually remain in the same consolidation drawn since February. Its lower limit, which we are currently witnessing, falls just above the 14-cent level, while the top is at just under 29 cents.The last hours of declines caused some local supports to turn into resistance, and at this moment, only the lower limit of the sideways channel last tested in June stands before us. What's more significant, however, is we're moving below the 50 and 200 MA which have already formed a death cross formation, the very strong sell signal mentioned earlier by me.If the current support doesn't hold and we exit this consolidation, Dogecoin could pave the road to stronger declines and a retest of levels last observed in August 2024 below the 8-cent level.Crypto Price Analysis, FAQWhy is crypto crashing today?Cryptocurrency market lost over $1 trillion since October 6 peak with Bitcoin breaking $100,000 for first time since June (-5% daily to $100,893), Ethereum crashing -16% over 48 hours to $3,303, triggered by Federal Reserve Powell walking back December cuts (probability 96% to 69.3%), AI bubble concerns spreading from tech selloff (Nasdaq -2%, Nvidia -4%), institutional exodus (Bitcoin ETF outflows $1.15B) and. leverage cascade ($1.78B liquidations affecting 441,867 traders).Will Bitcoin go below $90,000?Yes, it may. According to my technical analysis, Bitcoin breaking $100,000 opens path to first target $92,000-$94,000 (Fibonacci extension/retracement zone coinciding with April-May lows), ultimate target $74,000-$76,000 (April minimums + 161.8% Fibonacci extension).Why are Ethereum and altcoins falling harder than Bitcoin?According to my analysis, Ethereum down -16% over 48 hours breaking below 200-day EMA and consolidation range from July, bears now in control with potential 60% decline to $2,380 April lows if 50% Fibonacci support $3,175 breaks, XRP death cross forming between 50/200 MA at $2.30 support, Dogecoin death cross completed testing channel bottom 14 cents, altcoins exhibiting 1.5-2x Bitcoin beta amplification typical during market weakness.Is this a crypto bear market?In my opnion, yes. Bears warning Peter Schiff "losses staggering surpassing dot-com bubble," CredibleCrypto "most severe bear market in Bitcoin's history," $1 trillion market cap loss, institutional exodus $1.15B ETF outflows, 2018 parallel (October weak, November brutal preceded -37% crash).Before you go, please also check my previous (and more bullish) crypto price predictions: This article was written by Damian Chmiel at www.financemagnates.com.

FundedNext, which halted contracts for differences (CFDs) prop trading services for United States-based traders around February 2024, has relaunched its services in the country, FinanceMagnates.com learned. This came about six months after the prop platform launched futures prop services in the US under the brand FundedNext Futures.Join IG, CMC, and Robinhood in London’s leading trading industry event!US – A Big Market for Prop BrandsThe latest relaunch of the prop platform in the US, one of the largest markets for prop companies, is now offering services on the Match Trader platform.“This return comes as traders are seeking greater transparency, fairness, and opportunity,” said Syed Abdullah Jayed, CEO of FundedNext. “Our goal is to set a new standard for how prop trading operates—responsibly, globally, and inclusively.”Earlier, FundedNext offered MetaTrader platforms to US-based prop traders, but it was among many prop brands that suspended services in the US in early 2025 due to the alleged crackdown by MetaQuotes on prop platforms.MetaTrader Remains InaccessibleAlthough several other prop brands have re-entered the lucrative US market, they are relying on non-MetaTrader platforms.FTMO is the only prop firm to relaunch its services for US traders on MetaTrader 5. It managed to do so through a partnership with OANDA, a regulated broker in the US. Interestingly, FTMO also agreed to purchase OANDA, but that deal is yet to be closed.While CFD prop brands are re-entering the US market, several futures prop platforms have captured a significant portion of that market.As FinanceMagnates.com reported earlier, FundedNext also launched a futures prop brand in the US last April. According to the company, it has distributed more than $9 million to traders under the futures prop brand in just six months.The total global payout under the CFD prop brand, however, stands at over $195 million, according to the company.Meanwhile, FundedNext did not limit its expansion drive only to prop trading. It launched a CFD broker earlier this year, but under the controversial licence of Comoros’ Mwali island. At that time, the company also confirmed that it had applied for brokerage licences from regulators in Dubai and Mauritius, with additional plans to seek one in Cyprus. This article was written by Arnab Shome at www.financemagnates.com.

Michael Margaritis has stepped down from his position as Chief Marketing Officer at FXPrimus, a Cyprus-based broker focused on retail FX and CFDs. He shared the update through a LinkedIn post earlier today.Join IG, CMC, and Robinhood in London’s leading trading industry event!Margaritis had been with FXPrimus for about a year, overseeing marketing initiatives and brand communication. Marketing and Content Roles Held by Michael Margaritis Prior to FXPrimusBefore joining FXPrimus, he worked as a freelance senior copywriter at ThinkMarkets for just over a year, focusing on content for online trading audiences. He also spent around six months as a senior creative copywriter at Admirals, where he worked on advertising and messaging for retail trading products. Earlier, he served as a content manager at Meldafern in Limassol, Cyprus, for six months.FXPrimus Launches Synthetic Indices for Retail TradingFXPrimus recently introduced a product line known as Synthetic Indices, which are designed to replicate market movements using mathematical and statistical models. These instruments operate continuously and are independent of external market factors such as news, economic reports, or geopolitical developments. The range includes four series—Smash & Boost, Dynamic, Pace, and Bounce—each built with different volatility characteristics to suit various trading approaches. The initiative reflects the company’s efforts to expand its product portfolio and strengthen its technological capabilities in retail trading.Turkish Fraudulent Trading Network Shut Down by FXPrimusSeparately, FXPrimus reported identifying and removing a fraudulent trading network based in Turkey. According to the company, the network used shared IP addresses and devices to take advantage of the broker’s bonus programs. The compliance and monitoring teams implemented measures that included freezing accounts, recovering profits, and permanently blocking the individuals involved. The company conducted an internal review following the incident, stating that the action formed part of its ongoing commitment to maintaining orderly operations and regulatory compliance. This article was written by Tareq Sikder at www.financemagnates.com.

Hantec Trader has collected two headline industry awards for 2025: Best Prop firm in Africa at the Funded Trading Awards and Most Ethical & Trustworthy Prop Trading Firm at the London Prop Trading Expo Awards. The dual wins cap a year of steady product rollouts and policy refinements across the company’s prop-trading lineup.The firm says the recognition reflects a clear strategic direction in its strategy: simpler rules, faster reward cycles, and more pathways to funding. Hantec Trader’s product suite spans evaluation-based challenges, as well as instant funded accounts, each with transparent criteria and straightforward guidelines aimed at reducing friction for newcomers and experienced traders alike.“At Hantec Trader, our mission is to replace guesswork with clarity and build a funding path traders can trust.” said Bashaar Gokal, Director of Operations at Hantec Trader. “Being recognised in London for ethics and trustworthiness, and in Africa for overall excellence, confirms that clarity in our programs and reliability in our payouts resonate with traders everywhere.”Over the past year, Hantec Trader has shortened its standard reward payout cycle to 14 days (with an optional 7-day add-on) and expanded its lineup with new, trader-focused programs. The company has also reported deeper regional engagement: more education, local-time-zone support, and smoother onboarding, while keeping trader safety front and center.Market watchers have noted a maturing prop-trading landscape where reliability, transparency, and timeliness increasingly separate leaders from noise. On those measures, Hantec Trader’s awards position it among the industry’s standard-setters for 2025.About Hantec TraderHantec Trader is a proprietary trading firm providing access to a range of different prop or funded trading programs. The firm enables traders to trade balances up to $200,000 with market-like execution, and earn up to 90% reward split, without having to risk their own capital. Hantec Trader is a broker-backed prop firm and part of the global and multi-regulated conglomerate Hantec Group. This article was written by FM Contributors at www.financemagnates.com.

Nov 5, 2025 - PU Prime, a global multi-licensed online brokerage, is proud to announce its achievement at the UF AWARDS APAC 2025, where the company was recognized for the Best Introducing Broker Programme Award.Held alongside iFX EXPO Asia, the UF AWARDS is an independent event celebrating excellence across the fintech and online trading industries. Winners are determined through a two-stage process beginning with a nomination round, where companies self-register in their respective categories, followed by a public voting phase. Each award serves as a genuine reflection of industry sentiment, peer recognition, and client satisfaction.The award underscores PU Prime’s global commitment to innovation, partnership, and service excellence. The company continues to empower its IB partners through competitive commissions, having distributed over USD 90 million to date, along with reliable earnings that ensure partners are paid on time every month through consistent and secure payment methods. Complemented by dedicated 24/7 partnership support, PU Prime strives to deliver a seamless and rewarding collaboration experience for all its partners.A PU Prime spokesperson highlighted:“As always, PU Prime remains dedicated to enhancing its IB offerings and delivering sustainable value through transparency, innovation, and continuous support. With over 9,000 active partners worldwide, we anticipate continued growth by strengthening trust and loyalty among its partners and clients.”This milestone adds to PU Prime’s growing list of global accolades, reinforcing its position as a trusted partner committed to building long-term, mutually beneficial relationships with Introducing Brokers, while continuing to empower traders worldwide.About PU PrimeFounded in 2015, PU Prime is a leading global fintech company and trusted CFD broker. Today, it offers regulated financial products across forex, commodities, indices, shares, and bonds. Operating in over 190 countries with more than 40 million app downloads, PU Prime provides innovative trading platforms and an integrated copy trading feature, empowering traders worldwide to achieve financial success with confidence. This article was written by FM Contributors at www.financemagnates.com.

OANDA Japan, the local Japanese brand of the global trading giant, has signed a sports sponsorship deal with the rugby team Tokyo Suntory Sungoliath. The deal will take effect on 1 November 2025.Join IG, CMC, and Robinhood in London’s leading trading industry event!Strengthening the Brand with SportsThe OANDA Securities logo will also be displayed on the collar of the official match jerseys worn by the team’s players in Japan Rugby League One 2025–26, which is scheduled to begin in December 2025.“Through this partnership, we aim to enhance the value of the brand further, strongly support Tokyo Suntory Sungoliath in realising their vision of being a ‘strong, beloved team,’ and bring vitality to society through the power of sports,” OANDA Japan’s announcement today (Tuesday) noted.Growing Popularity of Rugby in JapanAlthough baseball is Japan’s most popular sport, with 19.5 per cent nationwide followers, followed by football at 11.2 per cent, the popularity of rugby in the country is also growing. Rugby’s visibility in Japan surged after the country hosted the Rugby World Cup (RWC) 2019.Japan Rugby League One viewership has grown alongside record in-stadium attendance, with 2023–24 delivering over one million spectators across the season and a 56,486 crowd for the Division 1 final at Tokyo National Stadium. Domestic TV and streaming reach have expanded via DAZN and international carriage, including free streaming of the 2024 final outside Japan.Tokyo Sungoliath, which plays out of Chichibunomiya Rugby Stadium with a capacity of over 27,000, also has a strong social media following. Its followers on X (formerly Twitter) and Facebook are 42.5K and 23K, respectively.Despite the interest of many brokers in regional and niche sports, football remains dominant when it comes to brand building. OANDA earlier signed Polish football star Robert Lewandowski as a brand ambassador. The broker is also a sponsor of the US-based football club New York Red Bulls, putting its brand on the club’s jersey sleeves.However, OANDA Japan is not the only broker promoting its brand through rugby. eToro, CMC Markets, and IC Markets are other retail trading brokers that have ongoing or past deals with regional rugby teams. This article was written by Arnab Shome at www.financemagnates.com.

TP ICAP Group (LSE: TCAP) reported revenue of £1.78 billion for the nine months ending September, marking a 7% increase in constant currency terms as its core brokerage operations benefited from favorable trading conditions.TP ICAP Reports Revenue Growth on Strong Broker PerformanceThe company's Global Broking division led growth with a 10% revenue increase, while its data and analytics unit Parameta Solutions added 5%. The performance came despite a 3% decline in the Energy & Commodities segment, which has faced broker departures to rivals.For the third quarter alone, TP ICAP generated £560 million in revenue, up 3% year-over-year in constant currency. The growth rate slowed from earlier in the year as comparisons became tougher against what the company called a "record" period in 2024.The Global Broking unit maintained momentum from the first half, with third-quarter revenue climbing 7% as dealers across rates, foreign exchange, and credit products stayed active. The division "continued to capitalise on favourable market conditions across all asset classes," according to the company's statement.Liquidnet, TP ICAP's equity trading platform, saw revenue dip 2% in the quarter after posting 28% growth in the same period last year. The comparison highlighted how last year's surge in equity market activity created a high bar for this year's performance.Energy Unit Faces Hiring ChallengesThe Energy & Commodities division recorded a 7% revenue drop in the third quarter, matching what management had previously signaled to investors. The business has lost brokers to competitors, creating gaps in its coverage.TP ICAP said it has built a pipeline of potential hires to rebuild the unit's capabilities, though any revenue contribution from new staff won't materialize until next year. The energy markets remain competitive for experienced personnel who can generate trading commissions.The figures are consistent with the trend reported for the first half, when revenue reached £1.22 billion and adjusted net earnings totaled £130 million.Parameta Listing Decision Still Under ReviewThe board continues evaluating whether and when to pursue a minority public offering of Parameta Solutions in the United States. The data business, which sells pricing information and analytics to financial institutions, represents one of TP ICAP's faster-growing segments.Management has not set a timeline for the potential listing, saying only that it will assess "appropriate timing" while focusing on sustainable growth for the unit.Last month, TP ICAP’s data division introduced a real-time pricing service for over-the-counter oil markets, aiming to give traders and developers faster access to data that is typically dispersed across multiple brokers.The company said it remains comfortable with market forecasts for full-year adjusted earnings before interest and tax, though results depend on foreign exchange rates. About 60% of revenue and 40% of costs are denominated in US dollars, leaving earnings exposed to currency swings.TP ICAP plans to release full-year results on March 12, 2026. This article was written by Damian Chmiel at www.financemagnates.com.

Finance Magnates Intelligence has released the November 2025 Compliance Report, FREE to download, giving legal, risk, and ops teams a fast read on what changed, what’s next, and what to do now. Highlights include Dubai’s DFSA Connect rollout, which aims to cut licensing timelines by up to 33%What’s inside the FREE November Compliance ReportA change in Dubai that can cut license timelines. How much, and for whom?SEPA Instant: the rule that makes euro transfers hit in seconds. What must brokers and PSPs fix now? Fraud Watch: the warning trend regulators keep flagging. Which pattern grew this month? Marketing rules: the online promo update that could spread across regions. What’s the new baseline? Action lists: weekend liquidity, name checks, and real-time AML. Which teams own which tasks? ?DOWNLOAD THE REPORT TO FIND OUTWho reads the Compliance Report?Compliance leads & MLROs at brokers, fintechs, and crypto firmsGeneral Counsel / Legal advisors who brief the C-suiteRisk & Ops managers who turn rules into daily stepsPayments & Product owners who ship flows that must pass checksCEOs/COOs who want a fast, no-nonsense view of what changedWhy You Should Download ItThe Compliance Report is designed for C-level executives, compliance officers, and department heads seeking actionable insights. It distils complex regulatory changes into practical guidance, helping decision-makers stay ahead of enforcement risks while seizing market opportunities.Interest in this free report continues to grow, underscoring the value of timely, accurate compliance intelligence for firms in fintech, trading, and payments.➡️ Download your free copy of the November 2025 Compliance Report now and stay informed.About Finance Magnates Compliance ReportsOur monthly Compliance Reports are trusted by compliance teams, legal advisors, and financial executives worldwide. We focus on the updates that matter to your business and provide practical guidance on what to do next. This article was written by Finance Magnates Staff at www.financemagnates.com.

A former Deutsche Bank executive suing the German lender for €152 million has taken his case to European banking regulators, asking them to scrutinize the bank's oversight practices and its current leadership.Former Deutsche Bank Manager Escalates Legal Fight With Regulator AppealDario Schiraldi sent a letter to the European Central Bank (ECB) requesting what he calls a "supervisory review" of Deutsche Bank, according to documents reviewed by Bloomberg News. The move adds another front to Schiraldi's legal battle against his former employer, which he says destroyed his career after he got caught up in an Italian banking scandal.The letter zeroes in on Christian Sewing, who now runs Deutsche Bank as CEO. Back in 2013, Sewing oversaw an internal audit examining repo transactions Deutsche Bank had done with Banca Monte dei Paschi di Siena. Schiraldi and five other former Deutsche Bank employees say that review wasn't fair and unfairly blamed them for problems with the deals.Italian Acquittal Fuels Damage ClaimsSchiraldi worked as a senior manager in Deutsche Bank's asset and wealth management division when Italian prosecutors charged him and five colleagues in connection with Monte Paschi accounting issues. An Italian court convicted all six in 2019, but an appeals court in Milan threw out those convictions three years later, fully clearing them.Now all six are suing Deutsche Bank in Frankfurt. Schiraldi filed his case last year, claiming the bank's handling of the 2013 audit wrecked his professional reputation and career prospects.A Deutsche Bank spokesperson said the bank views these lawsuits as "entirely without merit" and plans to mount a strong defense. The ECB wouldn't comment on the letter.Dario Schiraldi, the former @DeutscheBank manager who is suing the lender for allegedly damaging his career, is urging Europe’s top bank watchdog to conduct a supervisory review of the firm to increase pressure -> https://t.co/lmznB4Ovkj @schamalz @kmatussek + Mark Schroers— Christoph Rauwald (@Rauwald) November 4, 2025Dual CEO Role QuestionedSchiraldi's lawyer raises concerns beyond the old audit. The letter questions whether Sewing should simultaneously hold the CEO position while also heading up legal and regulatory affairs at the bank. That setup violates basic separation of duties, the letter argues.Deutsche Bank pushed back on that characterization. The spokesperson said Sewing took on both roles temporarily after another board member left, calling it "ordinary course of business." The bank notified regulators about the arrangement, which follows governance standards, according to the spokesperson.The letter also takes aim at how Deutsche Bank reports its leverage exposure in financial statements, claiming the bank uses "aggressive netting" that makes its true leverage harder to see. Deutsche Bank says its netting practices match accounting standards and align with what other banks do.Schiraldi's appeal to the ECB doesn't guarantee any action. The regulator doesn't typically comment on individual complaints or confirm whether it's looking into specific matters. But the letter signals Schiraldi isn't limiting his fight to German courtrooms; he's trying to get regulators involved too. This article was written by Damian Chmiel at www.financemagnates.com.

In today’s hyper-competitive crypto market, visibility is everything. For new projects, being listed on a centralized exchange is often the first major milestone toward building trust, attracting liquidity, and growing a loyal community. Yet not all listings deliver equal value. Choosing between an exchange that lists dozens of tokens each month and one that focuses on a limited number of carefully selected projects can significantly shape a token’s trajectory.Selective listings on exchanges like WhiteBIT or Coinbase, which prioritize quality over quantity, offer long-term strategic advantages compared to high-frequency listing platforms. Exclusivity, targeted marketing, and compliance-oriented audiences ensure that projects gain sustained visibility and engagement rather than being lost in the noise.Exclusivity vs. Mass ListingsExchanges that onboard 50+ projects monthly, such as Binance, MEXC, or Gate.io, certainly offer massive reach. However, their high listing frequency often dilutes the spotlight. With multiple new tokens competing for attention each week, individual projects face shorter hype cycles and a higher risk of being overlooked.By contrast, selective platforms with only a few listings each month create a sense of exclusivity. Every project gets dedicated visibility, stronger marketing push, and better positioning with the exchange’s user base. Exclusivity doesn’t just enhance awareness — it also communicates that the project has passed a higher bar of due diligence, reinforcing trust with potential investors.The Pitfalls of Low-Barrier ExchangesFor many projects, the temptation of low-barrier listings is hard to resist. Exchanges with minimal compliance checks, cheaper fees, and lower entry thresholds seem attractive for rapid market penetration. However, this “everywhere strategy” comes with major downsides:Minimal visibility per listingDozens of simultaneous launches divide audience attention.Diluted marketingProjects struggle to focus campaigns when juggling multiple exchange listings at once.Shorter lifespanTokens listed without robust engagement often see fast drops in volume, sometimes leading to early delistings.Ultimately, rushing into low-barrier exchanges can leave a project forgotten, rather than firmly established.Audience Targeting and Market ReachAnother overlooked factor is who the exchange attracts. Many emerging tokens prioritize Asian exchanges, which offer high liquidity but often overlap in audience. This leaves a critical gap: access to European investors. European audiences consistently show stronger long-term value for projects:Higher engagement rates across campaigns and community activations.Longer-term holding behavior, reducing volatility.Deeper participation in trading and lending programs.Regulation also plays a decisive role. With the EU’s Markets in Crypto-Assets (MiCA) framework in force, compliant exchanges report a 40% lower churn rate compared to non-compliant platforms. For projects, this translates to a more stable, retention-focused user base — a critical advantage in building sustainable growth.Marketing Advantages of Exclusive Listings: The WhiteBIT CaseExchanges that practice selective listings don’t just stop at due diligence. They also provide structured, ongoing marketing support that maximizes the impact of each listing. WhiteBIT’s listing process illustrates how exclusivity translates into practical advantages:Step-by-step marketing funnel: From pre-listing awareness campaigns to listing-day promotion and post-listing trading incentives.Community engagement: Leveraging the exchange’s existing European user base to grow active holders.KOL partnerships: Collaborating with crypto influencers to raise visibility and credibility.Trading activity campaigns: Boosting short-term volume while converting traders into long-term investors.Crypto lending programs: Offering additional utilities for holders, deepening loyalty and reducing sell pressure.This structured approach ensures that projects not only gain initial attention but also sustain engagement long after the listing day.Strategic TakeawaysThe contrast is clear:High-frequency exchanges = broad but diluted exposure, fast hype cycles, high competition.Selective exchanges = exclusivity, deeper engagement, targeted marketing, stronger compliance.For projects seeking long-term growth, visibility is not about being everywhere at once. It’s about being in the right place, with the right audience, under the right conditions.Quality Over QuantityToday listings are no longer just about access. They are about strategy. Projects that prioritize selective exchanges with exclusivity, structured marketing support, and access to compliant, long-term-focused audiences stand a far better chance of sustaining growth.For founders and project teams, the message is simple: choose quality over quantity. By aligning with exchanges like WhiteBIT that value exclusivity and community, projects can unlock not just short-term trading volume, but long-term credibility, loyal holders, and sustained market relevance. This article was written by FM Contributors at www.financemagnates.com.

Gemini Space Station (NASDAQ: GEMI), the crypto exchange run by billionaire twins Tyler and Cameron Winklevoss, wants to jump into prediction markets, joining a growing crowd of financial firms trying to cash in on the booming business of betting on elections, sports and other real-world events.The company has filed with the Commodity Futures Trading Commission (CFTC) to operate its own derivatives exchange and according to Bloomberg it wants to launch products quickly. Gemini officials have talked internally about using the exchange to offer prediction contracts, though the CFTC application remains under review months later.The exchange's timing faces hurdles. Getting CFTC approval for a new derivatives marketplace typically takes months or longer, and the recent government shutdown could push things back further. Other companies have sidestepped the wait by teaming up with platforms that already hold the necessary licenses. Robinhood, for instance, lets customers trade event contracts from Kalshi.News: Crypto firm Gemini Space Station $GEMI is planning to soon launch prediction contracts trading, an increasingly crowded field. With @olgakharif @antoniabmassa @nicola_m_white: pic.twitter.com/wPE4vPddCs— Lydia Beyoud (@ElleBeyoud) November 4, 2025Trading Volumes Surge Past $1 Billion WeeklyGemini would compete directly with Kalshi, which already operates as a CFTC-registered exchange, and Polymarket, which plans to reopen to U.S. customers after operating offshore. Both platforms have seen trading explode in recent weeks, with Kalshi hitting $1.2 billion in weekly volume between late October and early November, topping its previous record of just over $1 billion the week before. Polymarket has also crossed the billion-dollar weekly mark.Bigger players are circling too. Intercontinental Exchange, which owns the New York Stock Exchange, put $2 billion into Polymarket at a $9 billion valuation. CME Group and Coinbase Global have announced plans to offer event contracts. MetaMask, DraftKings and Sam Altman's World have all added prediction market features in recent months.Before going public in September, Gemini said in securities filings it planned to launch event contracts covering economic data, financial markets, politics and sports. The company raised $433 million in its IPO at a $4.4 billion valuation, but shares have dropped 40% since then. Gemini still loses money and handles only a small slice of U.S. crypto trading, according to its IPO documents. The company reports earnings for the first time as a public entity on November 10.Regulators Still Working Out the RulesA Needham analyst wrote recently that prediction markets present an appealing way for Gemini to diversify beyond crypto. But the regulatory picture remains murky. While the CFTC has let Kalshi expand into new markets, state gaming regulators who traditionally oversee sports betting have challenged the federal agency's authority in court.The legal fights haven't slowed the industry's momentum. Kalshi recently raised $300 million and now operates in 140 countries. Trading activity keeps climbing as more platforms launch and mainstream financial firms pile in, betting that Americans want a regulated way to wager on everything from election outcomes to economic reports. This article was written by Damian Chmiel at www.financemagnates.com.

Lightyear rolled out an automated investing feature that lets users schedule recurring contributions toward specific financial targets, responding to data showing most Europeans fail to follow through on their financial plans.Lightyear Adds Automated Feature as Europeans Struggle to Meet Financial GoalsThe platform's new tool allows investors to build portfolios of stocks and funds aligned with particular goals, then automate regular purchases into those holdings. Users can set custom allocations for each investment and establish recurring contributions on their preferred schedule."Plans support recurrently placing money in the stock market, helping easily create a habit out of investing – simple enough for everyone to get started and stick with for the long term," said Martin Sokk, CEO of Lightyear.The feature supports fractional purchases of European stocks and exchange-traded funds, which recently became available on the platform. This allows investors to divide smaller amounts across multiple holdings rather than needing enough cash to buy full shares.Follow-Through Rate Lags IntentionsA report from the European Financial Planning Association found that while 65% of respondents have long-term financial goals and 86% say financial health matters to them, only 15% of those with goals actively work toward them. One-third of survey participants rated their investing knowledge as low, and 29% said the same about pensions.The study, which gathered responses from more than 14,000 adults across 10 European countries between April and July of this year, pointed to confidence gaps as a barrier to action. Many respondents acknowledged understanding basic budgeting and saving concepts but struggled with investment products and retirement planning.Lightyear's internal survey of more than 2,000 customers showed similar patterns. Passive investing strategies dominated among users, with 60% citing that approach as their primary method. Most – 88% – said they invest toward set goals, and over one-third maintain a mix of short-, medium- and long-term objectives.Competition Grows for European RetailThe product launch comes as digital investment platforms compete for retail customers across Europe. Lightyear, founded by two former Wise employees in 2020, has raised $58 million from backers including Nordic Ninja, Lightspeed Venture Partners and Mosaic Ventures. Individual investors in the company include Richard Branson and Wise co-founder Taavet Hinrikus."Different financial goals require different approaches – in terms of instruments used to reach them, but also in how often and for how long you invest for them," Sokk said.Paul Murphy, a partner at Lightspeed Venture Partners, added the European research highlighted demand for simpler options. 5"It's clear people want to be financially successful and secure their futures, but it's been made too difficult by expensive solutions which turn people to believe financial wellbeing is far out of their reach," he said.The Estonian Financial Supervision Authority regulates the company's European operations, while the U.K. Financial Conduct Authority oversees its British arm. Lightyear maintains offices in London and Tallinn.Back in July the fintech secured $23 million in Series B funding while reaching $1 billion in customer assets under management (AUM). This article was written by Damian Chmiel at www.financemagnates.com.

After months of record-breaking gains, Bitcoin’s rally has come to a halt. The world’s largest cryptocurrency slipped below $100,000 on Tuesday for the first time since June, as investors retreated from digital assets amid renewed uncertainty over the Federal Reserve’s next policy move.Digital assets meet tradfi in London at the fmls25The decline marked a five-month low for Bitcoin, which fell 6.4% in the last 24 hours to around $99,705. The drop followed a broader downturn across the cryptocurrency sector, which has erased nearly $880 billion in total market capitalization over the past month, according to CoinMarketCap data.Bitcoin’s retreat mirrors a wider sell-off in digital assets. Over the past week, Ethereum has declined by 19.8%, XRP has dropped by 17%, BNB is down 17%, and Solana has lost 21%. Even Dogecoin, often a barometer for retail enthusiasm, has fallen more than 18%.Crypto Market Suffers Sharp PullbackFrom its record high of $126,182 on October 6, Bitcoin has now shed nearly 27% of its value over 29 trading days. Analysts attribute the correction to tightening liquidity conditions and cautious signals from the Fed as the primary catalysts.Keep reading: Bitcoin falls below the $100,000 level for the 1st time since June 23Bitcoin’s momentum has long been sensitive to shifts in monetary policy. During the pandemic, the token’s value surged as interest rates fell. Conversely, when the Fed tightened policy in 2018, Bitcoin crashed from $20,000 to $3,000.This pattern appears to be repeating. Last week, the central bank trimmed rates by a quarter-point, but Chair Jerome Powell hinted that another cut in December was not guaranteed. Fed Governor Lisa Cook echoed that uncertainty on Monday, saying she remained undecided about further easing.October Marks Bitcoin’s Worst Month in a DecadeAccording to CoinMarketCap, Bitcoin’s 3.7% slide in October marked its weakest monthly performance since 2018. The broader crypto market capitalization fell from $4.32 trillion in early October to $3.3 trillion this week.Market observers note that investors are shifting capital toward safer assets such as gold and government bonds, anticipating that the Fed’s cautious stance could dampen risk appetite.Earlier this year, optimism surrounding pro-crypto legislation under the Trump administration fueled a rapid climb in digital asset prices. Bitcoin surged past $110,000 and $120,000 as major firms—including Trump Media and Technology Group—announced plans to hold Bitcoin on their balance sheets.The U.S. government’s own holdings, estimated between $15 billion and $20 billion, added to the perception of institutional confidence. However, as monetary policy again dominates market sentiment, those bullish headlines have failed to halt the decline.What’s Next for Bitcoin?Technical charts indicate that Bitcoin is now testing support around $99,044, with the next downside targets located near $97,839 and $94,049. A sustained break below those levels could invite further selling pressure.For now, traders are watching the Fed’s next meeting closely. Any sign of hesitation on rate cuts could prolong Bitcoin’s downward momentum and keep risk appetite subdued heading into year-end. This article was written by Jared Kirui at www.financemagnates.com.

CEOs of major Wall Street firms have warned that global equity markets could see a decline of more than 10% within the next one to two years. They described the potential correction as part of a normal market cycle rather than a sign of crisis.Join IG, CMC, and Robinhood at London’s leading trading industry event!A sharp equity market decline could influence retail traders’ behavior, with some likely to cut exposure or move to safer assets. Others may view the lower valuations as buying opportunities, potentially increasing short-term volatility and trading activity.Equity Correction Could Be Healthy DevelopmentAccording to a Bloomberg report, Capital Group CEO Mike Gitlin said at a financial summit organized by the Hong Kong Monetary Authority that valuations were becoming a concern despite solid corporate earnings. “Most people would say we’re somewhere between fair and full,” he noted, suggesting that few see markets as cheap. He added that credit spreads are also tight.Gitlin’s concerns were echoed by Morgan Stanley CEO Ted Pick and Goldman Sachs CEO David Solomon. Both agreed that markets may face a significant pullback after years of gains. Pick said markets have advanced considerably but still face “policy error risk” in the US and geopolitical uncertainty. He added that a 10% to 15% correction would be “a healthy development” rather than a sign of weakness.Bloomberg says Wall Street CEOs are warning of a possible 10–15% equity correction in the next 12–24 months, saying valuations are “full, not cheap.”Capital Group CEO Mike Gitlin said corporate earnings remain strong but “what’s challenging are valuations,” noting the S&P 500… pic.twitter.com/PYGg23C0aZ— Wall St Engine (@wallstengine) November 4, 202510–15% Drawdowns Seen as NormalThe S&P 500 index currently trades at 23 times forward earnings, above its five-year average of 20 times. The Nasdaq 100 index is valued at 28 times earnings, compared with about 19 times in 2022. Futures on the Nasdaq fell nearly 1.8% on Tuesday, with Palantir Technologies dropping more than 7% in pre-market trading amid concerns over high valuations.Citadel CEO Ken Griffin described the current market as being “very deep into a bull market,” warning that investor sentiment can become most irrational at extreme highs and lows.Solomon said that while technology stocks appear expensive, other parts of the market remain fairly valued. He added that drawdowns of 10% to 15% often occur even in positive cycles, allowing investors to reassess portfolios. “It just means things run and then they pull back so people can reassess,” he said. This article was written by Tareq Sikder at www.financemagnates.com.

The United States has tightened its grip on North Korea’s shadow financial networks, imposing new sanctions on bankers and institutions accused of channeling cryptocurrency stolen in cyberattacks into Pyongyang’s weapons programs.Digital assets meet tradfi in London at the fmls25Treasury Targets DPRK Crypto NetworkThe U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced the designations on Tuesday, naming eight individuals and two entities involved in “laundering funds derived from cybercrime and IT worker fraud.” Officials stated that the targeted network laundered proceeds from ransomware and cryptocurrency thefts to finance the regime’s military operations. Among those sanctioned were two bankers accused of managing at least $5.3 million in cryptocurrency through OFAC-designated First Credit Bank.The funds were allegedly tied to a ransomware group that targeted U.S. victims and laundered earnings from North Korean IT workers operating abroad.The sanctioned entities, including Ryujong Credit Bank and Korea Mangyongdae Computer Technology Company (KMCTC), allegedly utilized shell companies and third-country intermediaries to conceal cryptocurrency transactions. Treasury officials stated that the network utilized Chinese and Russian proxies to transfer funds undetected.Alleged Nuclear Weapons Funding“North Korean state-sponsored hackers steal and launder money to fund the regime’s nuclear weapons program,” commented Under Secretary of the Treasury for Terrorism and Financial Intelligence John K. Hurley. “By generating revenue for Pyongyang’s weapons development, these actors directly threaten U.S. and global security,” he said. “Treasury will continue to pursue the facilitators and enablers behind these schemes to cut off the DPRK’s illicit revenue streams.”KMCTC, based in Pyongyang, runs IT delegations in Shenyang and Dandong, China. According to the Treasury, its president and his team used Chinese nationals as banking proxies to disguise the origin of money earned by North Korean IT workers abroad.The sanctions freeze any U.S.-linked assets held by the designated individuals and entities and prohibit American persons from conducting transactions with them.You may also like: Currency.com Taps OpenPayd to Expand Multi-Currency Payments and FX LiquidityEarlier, the U.S. Department of Justice seized $7.7 million in cryptocurrency linked to North Korean IT workers accused of using stolen American identities to secure remote employment. According to the DOJ, the workers operated from countries including China, Russia, and Laos, concealing their true locations through VPNs and U.S.-based laptop farms. The complaint alleged that the North Korean nationals posed as remote IT contractors for U.S. and international companies, generating millions of dollars in illicit earnings.Additionally, the North Korean hackers have been accused of creating fake U.S.-registered companies to target crypto developers through fraudulent job offers, according to security firm Silent Push. Using LinkedIn-style profiles and fake interviews, the attackers tricked victims into downloading malware disguised as job-related files. This article was written by Jared Kirui at www.financemagnates.com.

The European Commission is considering expanding the powers of the European Securities and Markets Authority to oversee cryptocurrency and traditional capital markets. The plan could give ESMA direct supervision over exchanges and crypto service providers, creating a system similar to the US SEC. A draft is expected in December.Digital assets meet tradfi in London at the fmls25The expanded role of ESMA builds on guidelines issued in April 2025 for national regulators on detecting and preventing market abuse under MiCA. The rules emphasized risk-based supervision and cross-border coordination, providing a framework for more consistent oversight across EU member states.MiCA Passport System Faces Potential RisksCurrently, under the Markets in Crypto-Assets Regulation, companies licensed in one EU country can operate across all 27 member states through a “passport” system. Some experts warn that shifting decision-making entirely to ESMA could slow innovation in crypto and fintech. Faustine Fleuret of decentralized lending protocol Morpho said centralizing oversight “would demand vast human and financial resources” and suggested giving ESMA stronger oversight over national regulators instead.?? NEW: The European Commission is drafting a proposal to give ESMA SEC-like oversight over crypto and stock exchanges, with draft expected in December.Could this make the EU more crypto-friendly or stifle innovation? pic.twitter.com/JiYNBz3pXv— Cointelegraph (@Cointelegraph) November 2, 2025France Challenges EU Crypto Passport RulesConcerns over enforcement gaps have surfaced. In September, France’s regulator signaled it might block the passporting of crypto licenses, raising doubts about uniform application across the EU. Fleuret said the passport system is “the cornerstone of EU financial regulations” and key to maintaining Europe’s competitive advantage for crypto firms.Lagarde Backs Single EU Supervisory BodyOther analysts view a larger role for ESMA as a potential step toward regulatory consistency. Dea Markova from digital asset custody platform Fireblocks said centralized supervision could help address licensing, cybersecurity, and operational risks, but its effectiveness depends on proper implementation and resourcing.European Central Bank President Christine Lagarde has also expressed support for a single EU supervisory body, echoing proposals similar to the SEC model. This article was written by Tareq Sikder at www.financemagnates.com.

Decentralization is one of blockchain’s most fundamental principles and perhaps the most important distinction between it and traditional database systems. Through decentralization, blockchains distribute control and decision making across a network of participants, eliminating the need for a centralized authority. This is what makes blockchain so cost-efficient and secure. It prevents manipulation, promotes transparency and makes it censorship resistant. Given the importance of decentralization, the blockchain community has long debated the best way to go about measuring it, so they can determine which networks are more decentralized, but the industry has struggled to come up with any suitable metrics. Tezos co-founder Arthur Breitman became the latest voice to weigh in on this debate when he spoke to The Yellow Podcast. He argued that it’s not possible to gauge how decentralized a network is purely by counting the number of validators it has, as some have suggested.“Decentralization is a means to an end, and that end is trust minimization and censorship resistance,” he said. “ I think the most important thing you have to look at is how likely is it that the system is going to be censored. And I don’t think validator count is really such a good metric for that.” According to Breitman, the crypto industry can learn a lesson from traditional industries, where businesses and sometimes regulators perform competitive analyses to try to ascertain if an industry is monopolistic. In these analyses, the most important consideration is not so much if there is a dominant monopoly, but rather freedom of entry to the market. In other words, if the monopoly that dominates the industry misbehaves, is it possible for others to come in and participate and put an end to its dominance? It’s the same thing in blockchain, the Tezos founder argued. If someone notices that censorship is taking place, does that network have the mechanisms in place to take corrective action and put a stop to it? If so, then it can be considered sufficiently decentralized, he claimed. “In a decentralized network, if one validator decides that, okay I’m not going to finalize any block that doesn’t contain a certain type of transaction, it will leave a trace of this censorship,” Breitman explained. “If the blockchain is properly decentralized, you can monitor this and take corrective action when you see this happen.” Breitman called into question whether a project such as Stripe’s Tempo blockchain can be considered decentralized. He admitted he doesn’t know all of the technical details, but from what he understands it’s going to be “very corporate”, with multiple well known technology giants all participating as validators. “I’m sure they could engineer it in such a way that you’ll have 100 validators and they’ll each have only 1% of the validating power, and these kinds of metrics will make it look brilliantly decentralized,” he said. “But really, this is not what matters. Because everyone is just pretending that anyone who is a validator will not be colluding with anyone else. You can’t be sure of that.” More important, Breitman stressed, is whether or not the protocol is set up to prevent censorship from happening. In the example of Tezos, its biggest validator is Coinbase, which controls a significant degree of the network’s “baking power”. But according to Breitman, this is not a concern for the community, because there are mechanisms available to stop it. “If it does try to censor the network, it’s a simple fix at the protocol level. We’ll see it and we’ll be able to deal with it,” he stressed. Why Proof-of-Stake Enhances DecentralizationA big factor behind Tezos’ decentralization is its Proof-of-Stake consensus mechanism, which the project actually pioneered back in 2018. Breitman said there’s a great deal of misunderstanding about how PoS’s security model actually works, and pointed out that it’s quite different from Bitcoin’s Proof-of-Work. A lot of people believe PoW is extremely secure, Breitman said, because if someone gets control of 50% of the network’s mining power, they’ll still have to pay a considerable cost to pull off any attack. And as the attack proceeds, the value of the token will decline significantly, making the attack economically unsustainable. But Breitman says there are still risks with PoW because of the way blockchain has evolved. These days, more than one token lives on Bitcoin, for example. So if someone controls 50% or more of its hashing power, they can manipulate these other tokens, which can still be very valuable, forcing double spends for example. “These attacks are very different from what you might face in the PoS world,” Breitman explained. “Attacks on PoS networks are still possible, but they’re not really very practical. That’s because any attack will leave an indelible trace, and other network participants will be able to see what’s going on and cut it off. So you can stop the attacker completely, and the chain will carry on.” According to Breitman, this is where PoS blockchains have an advantage in terms of security. The disincentive is not so much the economic penalty the attacker might face as a result of being slashed – essentially, losing their staked capital – but more the fact they won’t be able to keep doing it again and again. “They might not mind owning 50% of the supply and getting slashed once,” he said. “But if you slash them again and again, it becomes exponentially more expensive for someone to keep attacking the network.” What’s more, such a mechanism doesn’t require more than a few validators to set up, Breitman pointed out. “Even if you have relatively few validators, the fact you can remove them almost permanently from the network – because they’ll be forced to reacquire the tokens they’ve lost – is extremely powerful,” he insisted. On the other hand, this doesn’t happen in Proof-of-Work networks, because there is no mechanism to strip someone of the hashing power they have acquired. “You can’t really get rid of an attacker in that way with Proof-of-Work,” Breitman stated. Keep The Entry Barrier LowStill, Breitman did agree that more validators will always be beneficial to Proof-of-Stake networks, and that is why Tezos has made it extremely accessible. He said the blockchain currently has between 200 and 300 validators, because both the financial and computing requirements are relatively light, and the rewards are generally a bit higher than most other networks. To become a Tezos “baker”, individuals must stake a minimum of 6,000 XTZ, which is currently worth around $3,100, but they must also run a node. But unlike networks such as Ethereum, which necessitate running a powerful server, it’s possible to run a Tezos node on something such as a cheap Raspberry Pi computer, which costs as little as $100, Breitman said. As for the rewards, these range from around 7% to 16% APY, depending on the network conditions. “With a Raspberry Pi you can connect to the Tezos network and you can use a ledger as well to secure your key,” he said. “This has always been a property of Tezos, whereas it will cost a lot more money if you want to be a validator on some of the larger networks, including some that have launched recently. But they don’t get much more performance out of this. So it’s a weird thing.” Breitman admitted Tezos still has a problem with the concentration of baking power, or hashing power, in the hands of large crypto exchanges. But this is something that can be solved over time. “I think we need to encourage people to get off the exchanges and use the blockchain more,” he said. “We must get people to rely more on self-custody. That’s the key to changing this.” Watch the rest of Breitbart’s interview here: This article was written by FM Contributors at www.financemagnates.com.

Norway’s $2.1 trillion sovereign wealth fund said it will vote against Tesla CEO Elon Musk’s proposed compensation plan ahead of the company’s November 6 meeting. Join IG, CMC, and Robinhood at London’s leading trading industry event!The package could grant Musk shares worth up to $1 trillion over ten years, making it one of the largest in corporate history.Norges Bank Votes Against Tesla CompensationNorges Bank Investment Management, Tesla’s seventh-largest shareholder with a 1.12% stake worth about $17 billion, said it values Musk’s contribution but is concerned about “the total size of the award, dilution, and lack of mitigation of key person risk.”The fund will also vote against two Tesla board members – Kathleen Wilson-Thompson and Ira Ehrenpreis – and oppose the company’s general stock compensation plan.JUST IN: ?? Norwegian oil fund set to vote against Elon Musk's $1 trillion pay deal - Financial Times. pic.twitter.com/kSA5UjEE2F— Whale Insider (@WhaleInsider) November 4, 2025Major Investors Hesitate on Musk PackageTesla’s board has urged shareholders to back the deal, warning that Musk might leave if it is rejected. Critics, however, argue the plan remains excessive even after deducting the share costs, which bring the net potential value to about $878 billion.According to Reuters, major investors like BlackRock and Vanguard have not revealed their votes, while Baron Capital said it will support the plan. Musk’s earlier $56 billion package, approved in 2018, is still under legal review.Tesla is at a critical inflection point. We need your vote ahead of our 2025 Annual Meeting on November 6. Tesla shareholders, the owners of our company, will soon receive their control numbers and voting instructions from their brokers. This will enable you to vote.We are…— Tesla (@Tesla) September 18, 2025Shareholders to Decide Tesla’s FutureThe plan requires Musk to meet ambitious performance targets, including growing vehicle sales, producing autonomous robotaxis, and reaching an $8.5 trillion market value. Proxy advisory firms ISS and Glass Lewis recommend voting against it, citing its size and Musk’s influence over the board. Critics also point to broader challenges, including aging car models, Chinese competition, and expiring U.S. EV tax credits.If approved and fully achieved, Musk could become the world’s first trillionaire. The shareholder vote will determine both his future at Tesla and the company’s direction in AI, robotics, and electric vehicles. This article was written by Tareq Sikder at www.financemagnates.com.