(Bloomberg) -- Galaxy Digital Inc. is courting everyday investors with a new banking platform that is being led by Zac Prince, the co-founder and former chief executive of BlockFi Inc., a retail-focused wealth management platform that filed for bankruptcy after the collapse of cryptocurrency exchange FTX.  BlockFi was one of many digital-asset firms that failed during the 2022 crypto crash. The company rose to prominence by offering BlockFi Interest Accounts promising as much as 9.5% returns by lending cl ...

Nomura Holdings is preparing to deepen its presence in Japan’s digital asset market as crypto activity surges, with its wholly owned subsidiary Laser Digital Holdings seeking a license to offer trading services to institutional clients. Laser, based in Switzerland, is in pre-consultation talks with Japan’s Financial Services Agency, according to Chief Executive Officer Jez Mohideen. Mohideen told Bloomberg that the application reflects the group’s confidence in the country’s digital asset ecosystem. Tra ...

IG Group (IGG) secured a crypto asset license from the U.K.’s Financial Conduct Authority (FCA), becoming the first London-listed firm to join the regulator’s crypto register, the company said in a press release Tuesday. The move paves the way for an expanded set of crypto services on its platform, IG said. The company, best known for its retail trading and investment products, initially rolled out crypto trading in June through a partnership with Uphold while its own application was under review. With f ...

Product Offering - GetAgent 提供个性化的交易策略 [1] - GetAgent 提供深入的市场分析 [1] - GetAgent 能够学习并改进 [1] Promotional Information - GetAgent Plus 提供 7 天免费试用，时间为 Sep 29, 12:00 AM – Oct 6, 12:00 AM (UTC+8) [1] Technology Focus - 该产品结合了加密货币交易和人工智能技术 [1]

South Korean internet titan Naver, with 40 million monthly active users, is poised to snap up Dunamu, the operator of crypto exchange platform Upbit, in a move that could redraw the map of the country’s financial landscape. Local news reports on Thursday say Naver will incorporate Dunamu into its business group as a fully owned subsidiary through a comprehensive stock swap. Naver Financial, the company’s fintech arm, will execute the stock swap by issuing shares to acquire Dunamu in full. The stock-only ...

Openbank has just delivered to its German customers the ability to buy, sell, and hold digital assets. The supported assets include Bitcoin , Ethereum , Litecoin , Polygon , and Cardano . While it became effective in Germany on Sept. 16, the plan is to roll out this crypto trading service in Spain in the coming weeks. This marks a further expansion of the bank’s services. Demand Drives Openbank and Others to Launch Crypto Trading In a press release, Openbank, a subsidiary of Grupo Santander, announced it ...

Group 1: Core Insights - Arthur Hayes, co-founder of BitMEX, highlights a significant opportunity with the governance token ENA, which recently surged to $0.87, marking an 8.3% daily gain and over 20% growth in a week [1][2] - The listing of Ethena's USDe, a $13 billion synthetic dollar token, on Binance is a critical development, enabling the activation of a fee switch that will allow revenue sharing with ENA token holders [2][3] - Hayes indicates that the upgrade could unlock up to $500 million in buybacks for ENA, with Ethena generating $54 million in revenue in August and lifetime revenues exceeding $480 million since its launch [3][4] Group 2: Trading Activity and Predictions - Hayes has been actively trading ENA, purchasing 2.14 million tokens for $1.75 million at $0.816 each, shortly after selling 7.76 million tokens for a profit of $1.65 million, indicating his confidence in the project [4] - Hayes predicts that ENA could reach $1.50 in the near future, reflecting a bullish outlook on the token's potential [4] Group 3: Market Position and Technical Analysis - Ethena's USDe token valuation has increased from $5.5 billion in mid-July to nearly $12.9 billion, establishing it as the largest non-fiat-backed dollar asset [5] - ENA has been trading in a rising channel since late August, recently breaking above $0.83, indicating bullish momentum and heightened volatility [6] - The on-balance volume (OBV) is rising, suggesting strong buyer interest, with potential targets of $1 and $1.50, representing a 70% upside from current prices [7]

Core Insights - Robinhood Markets has replaced Caesars Entertainment on the S&P 500, effective September 22 [2] - The inclusion of Robinhood is part of a broader reshuffling that also sees AppLovin and Emcor joining the index [2] Company Overview - Founded in 2013 by Vlad Tenev, Robinhood has established itself as a platform for retail investors and has expanded into cryptocurrencies [3] - The company reported a 77% year-over-year increase in transaction-based revenues, primarily driven by its crypto offerings [3] Financial Performance - In the second quarter, Robinhood's revenues from crypto-related products surged 98% year-over-year to $160 million, with total notional crypto trading volumes reaching $35 billion [4] - The significant growth in crypto volume is attributed to the acquisition of Bitstamp, which contributed $7 billion in Q2 crypto volume [5] Regulatory Environment - Robinhood is currently involved in a legal dispute with New Jersey and Nevada regarding its prediction market business, asserting that its event contracts are governed by federal law [5][6] - The states argue that these contracts resemble sports betting, which falls under their jurisdiction due to established gambling laws [7] - There is a potential for prediction contracts to gain federal protection, which could lead regulated sportsbooks to adopt similar models under CFTC oversight [8]

💡 Key Takeaways:🔹 Demographic dividend: Pakistan's young population fuels 40M wallet explosion and energy-to-Bitcoin strategy🔹 Banking revolution: UAE leads traditional finance integration with direct crypto trading and derivatives🔹 Regulatory spectrum: Korea's aggressive stablecoin push contrasts cautious licensing approach8/8 ...