HabitTrade denies doing regulated business in Hong Kong after SFC warning

Hong Kong‘s SFC flags HabitTrade in a warning on unlicensed virtual asset platforms, but the broker insists it hasn’t done regulated business or marketed services to Hong Kong investors and blames unauthorized third‑party promoters.Hong Kongs Securities and Futures Commission (SFC) has warned investors about unlicensed platforms and recent promotional activity referencing HabitTrade.In response, HabitTrade says it is a licensed Australian brokerage and “has not conducted any regulated business in Hong Kong,” nor marketed such services to the Hong Kong public.The firm blames third-party promoters for unauthorized content using its brand and says it may pursue legal action, underscoring how tight Hong Kongs virtual asset rules have become.  HabitTrade has pushed back against an investor alert from Hong Kongs Securities and Futures Commission, saying it does not carry out regulated activities in the city and has not marketed its services to Hong Kong residents. In a statement posted on X, the brokerage said it “is a licensed Australian brokerage and compliant financial services platform” and that it “has not conducted any regulated business in Hong Kong, nor promoted or provided related services to the public in Hong Kong,” directly disputing any suggestion that it is operating there without authorization.  The clarification comes after

05-09Industry

XRP News: Wall Street Giant UBS Reveals XRP ETF Holdings

The post XRP News: Wall Street Giant UBS Reveals XRP ETF Holdings appeared first on Coinpedia Fintech News  UBS Group, one of the worlds biggest banks managing nearly $5.7 trillion in assets, has quietly gained exposure to XRP through regulated ETF products. A new SEC filing shows the banking giant is now officially connected to XRP-linked funds, adding another major Wall Street name to the growing list of institutions entering crypto markets.  UBS Group Adds XRP ETF Exposure  According to an SEC Form 13F filing, UBS Group has gained exposure to XRP through exchange-traded products, rather than directly buying XRP on the market.  The bank reported holding about 197,369 shares of the Volatility Shares XRP ETF, valued at roughly $1.49 million. It also disclosed a smaller position in the Grayscale Investments XRP fund worth around $8,248.  For a firm managing trillions of dollars, this investment is very small, but it shows that major institutions are not only looking at Bitcoin and Ethereum, but also exploring XRP exposure.  Wall Street Giants Quietly Increase XRP Exposure  The UBS group is no longer alone in gaining exposure to XRP-related investment products through regulated markets.  Goldman Sachs reportedly disclosed nearly $153.8 million in XRP-related exposure spread across multiple investment funds, making it

05-09Industry

Dogecoin Price Prediction: DOGE Holds Bigger Breakout Setup

Dogecoin price fell toward key support as long liquidations built near the $0.105 to $0.106 zone. However, the weekly DOGE chart still shows a rounded base near $0.10, keeping the broader breakout setup alive.  DOGE Long Liquidations Rise as Price Slides Toward Key Support  Dogecoin faced fresh pressure as high leverage long positions were liquidated, according to a liquidation heatmap shared by CW on X.  The CoinAnk chart showed DOGE falling from the $0.116 to $0.117 area on May 6 to near $0.105 by May 8. The move erased most of the earlier rally and pushed price into a dense liquidation zone.  DOGE Liquidation Heatmap. Source:  The strongest liquidity cluster appeared near the $0.105 to $0.106 range. That area shows where many leveraged long positions likely sat before the drop. As DOGE moved lower, those positions faced forced liquidation, adding more sell pressure to the market.  The chart also showed smaller liquidity zones above the current price, especially around $0.111, $0.114, and $0.117. These levels may act as resistance if DOGE rebounds, because traders who were trapped during the decline may exit near those zones.  DOGE had previously moved sideways between May 1 and May 4 before a sharp rally lifted price above $0.113. However, the move

05-09Industry

Bybit Adds Nvidia, Oracle, Circle and More to Its 24/7 TradFi Perpetual Contracts Lineup

Bybit has taken another step toward blending traditional finance with crypto-native trading, rolling out 24/7 perpetual contracts for a fresh batch of TradFi assets and giving traders nonstop access to some of the biggest names in technology, digital assets, and global ETFs.  The new listings, introduced this week, add Oracle (ORCL), Nvidia (NVDA), Circle Internet Group (CRCL), Micron Technology (MU), Invesco QQQ Trust (QQQ), iShares MSCI Japan ETF (EWJ), and iShares MSCI South Korea ETF (EWY) to Bybits growing TradFi perpetual lineup. For users on the platform, that means they can now gain exposure to major U.S. stocks and international ETFs through USDT-quoted perpetual contracts, all within a single account and with leverage of up to 10x.  Bybit first launched its TradFi perpetual contracts in April 2026, and since then, the exchange has been adding new tickers on a weekly basis. With the latest expansion, the platform now offers 20 U.S. stocks, three commodities including gold, silver, and crude oil, plus three global ETFs. That makes the product range noticeably broader than what many traders would normally expect from a crypto exchange, and it reinforces Bybits push to become a more complete trading venue rather than just a digital asset marketplace.  The appeal

05-09Industry

Brian Armstrong sold more stock in 12 months than Coinbase’s Q1 loss

Coinbase CEO Brian Armstrong personally sold more stock over the past year than his company lost on behalf of its COIN shareholders last quarter. Although he took a break from his sales in Q1, he entered the quarter with more personal compensation than his company would lose in three months.  The company lost $394 million for its shareholders during the first quarter of 2026. Armstrong, between May 2025 and January 2026, personally sold over $540 million worth of COIN.  Coinbase reported a $394 million net loss on $1.4 billion in revenue compared to a profit of $66 million in Q1 2025 during the brief exuberance over Donald Trumps pro-crypto policies.  Net transaction revenue, the engine of the business, fell 40% from Q1 2025 to less than $756 million.  Coinbase also marked the start of the Consensus conference in Miami by slashing its workforce by 14%, firing about 700 employees on the first day of the mega-event.  The companys stock closed yesterday down roughly 57% from its July 18, 2025 high of $444.64. The stock was trading another 4% lower in after-hours trading on its earnings disappointment.  Brian Armstrong takes a break from dumping COIN  Armstrongs sales are filed with the SEC under his name or the name

05-09Industry

MegaETH launches MEGA buyback funded by USDm stablecoin revenue

MegaETH has activated a MEGA token buyback program funded entirely by net revenue from its USDm stablecoin, turning Treasury‑backed yield into a standing bid for its “real‑time Ethereum” L2 token after a sharp post‑launch selloff.The MegaETH Foundation has kicked off a MEGA token buyback program, completing its first purchase using all net earnings generated by USDm through the end of April.USDms current supply is about $480 million, and future MEGA buybacks will run programmatically, with size determined by USDm supply and yield on its reserve assets.The foundation stresses that USDm is not issued or operated by MegaETH or MegaLabs, even as its revenue stream becomes a core economic engine for MEGA demand.  The MegaETH Foundation says its MEGA token buyback plan is now live, with the first repurchase funded entirely by net earnings from USDm accumulated through the end of April. In an announcement on X, the foundation said it had “completed the first MEGA buyback using all net income generated by USDm‘s issuer as of April 30,” framing the move as the start of an ongoing demand loop where the ecosystem’s stablecoin revenue is recycled into the native token.  MEGA buyback goes live, tied directly to USDm revenues  Importantly, the foundation reiterated

05-09Industry

XRP Momentum Fades As Bulls Fail To Hold Breakout Zone

XRPs latest breakout attempt appears to be losing steam as bulls struggle to maintain price action above the key resistance zone near $1.45. The rejection has pushed XRP back toward an important support area despite ongoing bullish developments surrounding Ripple and the XRPL ecosystem.  Failure To Hold Above $1.45 Resistance  In a recent analysis, crypto analyst EllaWeb3 noted that XRP struggled to maintain momentum above the $1.45 level and has since started drifting back toward the same breakout zone that traders had been closely monitoring in recent sessions. The rejection near resistance has slowed bullish momentum and placed the market back into a wait-and-see phase.  What makes the situation more notable is that the pullback occurred despite Ripple continuing to expand institutional tokenization use cases on the XRPL network. Major names such as JPMorgan, Mastercard, and Ondo have reportedly been involved in this move. Yet, the market appears to be reacting more to technical structure than to bullish headlines.  At the moment, traders are closely watching several key price levels. The $1.40–$1.41 range is currently acting as the primary support zone, while the $1.45–$1.47 area continues to cap upside attempts. Momentum weakened significantly following the rejection near $1.45, and thinner-than-usual liquidity conditions could lead

05-09Industry

5 Cybersecurity Stocks Dominating May 2026: CrowdStrike, Datadog, and More

Fortinet delivered impressive results with $1.85B in revenue and 31% billing expansion; received BTIG upgrade to Buy with $125 price targetDatadog increased its 2026 revenue projection to $4.30B–$4.34B driven by robust cloud security adoptionCloudflare announced 20% workforce reduction; stock dropped over 15% even after surpassing earnings expectationsPalo Alto Networks received price target increase to $216 from BTIG based on positive channel feedbackCrowdStrike continues as a key name to monitor for AI-powered endpoint defense and vendor consolidation trends  May 2026 is seeing heightened focus on cybersecurity equities as artificial intelligence reshapes both cyber threats and defense mechanisms. These five companies are capturing significant investor interest throughout the month.  Fortinet  Fortinet delivered impressive quarterly results. The firm reported adjusted EPS of $0.82 alongside $1.85 billion in revenue, exceeding analyst projections.  Fortinet, Inc., FTNT  Billing figures climbed 31% compared to the previous year, reaching $2.09 billion. This performance alleviated concerns that artificial intelligence might negatively impact established security providers.  Strong performance came from network defense products, data center security for AI workloads, and protection against AI-enhanced ransomware attacks.  BTIG elevated the stock to Buy status with a $125 valuation target. The company currently maintains a consensus Hold designation from analysts, consisting of 1 strong buy, 6 buy, 24 hold, and

05-09Industry

EasyPRwire Named Among the Best Press Release Distribution Services in the USA and UK for 2026

Texas / London, 8th May , 2026 – EasyPRwire, a fast-growing online press release distribution service, has emerged as one of thetop-rated press release distribution companies in the United States and United Kingdom, delivering unmatched value for businesses seeking powerful media outreach. The platform combines affordable pricing, widespread media syndication, and SEO-optimized press release distribution to help brands build authority, earn media coverage, and boost search engine visibility -all from a single, easy-to-use platform.  The Best Value Press Release Distribution Service in the USA & UK  EasyPRwire has quickly established itself as a trusted press release distribution platform for companies of all sizes -from early-stage startups to established enterprises. Unlike traditional newswire services that charge thousands of dollars per release, EasyPRwire delivers competitive press release distribution packages that reach major news outlets, Google News, finance sites, and hundreds of online media channels at a fraction of the cost.  The platforms press release syndication network spans thousands of media outlets across the US, UK, Australia, and beyond, making it one of the most geographically diverse press release distribution networks available today. Businesses targeting US media outlets, UK journalists, or international audiences can rely on EasyPRwire for guaranteed media placement and measurable results.  Key Features of

05-08Industry

Aptos Foundation bets $50 mln on AI-powered financial infrastructure: Details

Aptos believes that the future of the on-chain market lies in capabilities that turn machines into default execution layers for AI and trading.  Aptos financial integration and its implications  Aptos massive investment positions the protocol as a major player in the race to modernize TradFi. Through an aggressive strategic combination of blockchain and AI, the investment could address issues that have historically affected traditional finance.  Some of these issues include fraud detection, effective settlement times, and operational efficiency, which could accelerate RWA tokenization.  The strong emphasis on compatibility creates a clear path, allowing traditional market players to adopt DeFi with ease and effectively. Equally, it shows a long-term roadmap focused on real-world utility rather than speculative activity, further boosting investor confidence.  Addressing the infrastructure gap, amid surging capital  In fact, Aptos claims markets and institutions have shown trust in the infrastructure. As a result, Real-World Assets (RWAs) tokenized on Aptos have reached $1.2 billion in value, reflecting growing integration between TradFi and DeFi.  Major institutions, including BlackRock, Franklin Templeton, Apollo Global, and other asset managers, have deployed on the Aptos network.  Coupled with that, the stablecoin usage on the network has grown significantly. The stablecoin market cap on Aptos has jumped 10x since 2024, reaching $1.9 billion.  Source: Artemis  At

05-08Industry
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