Hong Kong-listed company China Financial Leasing Group (2312) says it plan to raise around 86.5 million Hong Kong dollars ($11.1 million), from which it will build a cryptocurrency investment platform. China Financial will raise the capital through a new share subscription, issuing over 69 million new shares at a price of 1.25 Hong Kong dollars
Gold stormed into history on Monday after making yet another all-time high, trading dangerously close to $4,000 per ounce as traders scrambled for safety during the ongoing U.S. government shutdown and growing bets on more Federal Reserve rate cuts. Spot gold surged by 1.2% to $3,992, after touching $3,944 earlier in the day, and U.S.
Story Highlights Fed Governor Miran urges bold 50-basis-point rate cuts, aiming to support economic growth. September’s 25-basis-point cut marked first reduction since December, but Miran pushed for more. Fed projections indicate rates may fall to 3.25%–3.50% by 2026, easing financial conditions. Federal Reserve Governor Stephen Miran is calling for aggressive interest rate cuts of up
Brazil’s PIX instant payment network, once hailed as a model for financial inclusion, is now at the center of a new trade and technology clash between Washington and Brasília. The Trump administration has accused PIX of undermining U.S. companies such as Visa and Mastercard, calling the system a “state-subsidized monopoly” that distorts global competition. PIX
Bitcoin has sustained its rally above $123,000, which it broke on Friday, finishing week 39 up 10% for its best weekly performance of the year, according to CoinDesk market data. Crypto stocks with exposure to Artificial Intelligence (AI) and High-Performance Computing (HPC) are doing better than their peers that lack the same exposure. Cipher Mining
Story Highlights China Financial Leasing plans $11.1M raise to develop AI-crypto investment platform, sending Hong Kong shares up 25% amid investor excitement. Hong Kong-listed firm merges AI with crypto investment, aiming to build next-gen digital asset platform covering BTC, ETH, NFTs, DeFi, and more. Hong Kong-listed China Financial Leasing Group is making waves with its
Crypto markets may be distracted by the U.S. government shutdown in the coming week. With key data from the world’s largest economy not being published, traders may find difficulty in identifying big-picture catalysts for their positions. While the shutdown means new exchange-traded funds won’t be approved in the U.S., across the Atlantic U.K. retail investors
While the stablecoin market has blown past the $300 billion milestone, it didn’t stop there. Over the past week alone, the sector puffed up by another $6.155 billion. From Tether to PYUSD: Stablecoin Giants Drive a $302B Liquidity Wave Between Sept. 28 and Oct. 5, 2025, the fiat-pegged token economy fattened up by more than
Investors are turning to safe-haven assets, such as Bitcoin and gold, as the US national debt is nearing a record-breaking $38 trillion. America’s national debt, currently $37.9 trillion, is rising by $69,890 per second — or nearly $4.2 million per minute — over the last year, according to the US Congress Joint Economic Committee’s (JEC)