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Bitcoin Falls After Fed's Powell Dampens Rate Cut Prospects — Market Talk

Bitcoin Falls After Fed's Powell Dampens Rate Cut Prospects — Market Talk

0755 GMT - Bitcoin falls after the Federal Reserve delivered a widely-expected 25 basis-point interest-rate cut but Fed Chair Jerome Powell dampened expectations for further cuts. Powell said another rate cut in December was not a foregone conclusion. "The ongoing government shutdown has clearly clo…

SOS Limited Shares Climb on Higher Revenue, Pivot Away From Crypto

SOS Limited Shares Climb on Higher Revenue, Pivot Away From Crypto

By Katherine HamiltonSOS Limited shares rose after the company reported a jump in revenue and said it was reallocating some resources away from its cryptocurrency mining business.The stock soared 36% to $2.65 in after-hours trading Friday. Through the close shares have lost 71% of their value this y…

China asks brokers to pause real-world asset business in Hong Kong, sources say

China asks brokers to pause real-world asset business in Hong Kong, sources say

China's securities watchdog has advised some local brokerages to pause their real-world asset (RWA) tokenisation business in Hong Kong, said two sources, signalling Beijing's concerns of a euphoric drive towards a booming digital assets market offshore.The RWA tokenisation process usually conver…

Lion Group Shares Climb on $600 Million Loan for Crypto Treasury

Lion Group Shares Climb on $600 Million Loan for Crypto Treasury

By Dean SealShares of Lion Group Holdings surged after the company said it has secured a $600 million credit facility to launch a crypto-backed treasury reserve.The stock was recently up 26% at $3.51 in midday trading. Shares are still down 63% since the start of the year.The trading platform focuse…