ASIA|FIAT Updates
$15 Million Crypto Laundering Ring Busted in Hong Kong, 12 Arrested
Authorities in Hong Kong , working with police from mainland China, have shut down a money laundering operation that used cryptocurrency and hundreds of fake bank accounts to transfer around HK$118 mi...
Tether surpasses Germany’s $111B of US Treasury holdings
Tether, the $151 billion stablecoin issuance giant, has surpassed Germany in United States Treasury bill holdings, showcasing the benefits of a diversified reserve strategy that has helped the firm na...
Tether surpasses Germany's $111B of US Treasury holdings
Tether, the $151 billion stablecoin issuance giant, has surpassed Germany in United States Treasury bill holdings, showcasing the benefits of a diversified reserve strategy that has helped the firm na...
12 Arrested in HK as Officials Uncover $15M Cash, Crypto Laundering Operation: Report
Hong Kong police have dismantled a cross-border crime syndicate accused of laundering HK$118 million (US$15 million) through fraudulent bank accounts, arresting a total of 12 individuals in a citywide...
US consumer sentiment collapses to 50.8, its second-lowest reading ever
Americans are losing confidence fast. Consumer sentiment just plunged to 50.8 in early May, dropping from 52.2 in April, based on new data from the University of Michigan. That makes this the second-l...
Trump administration prepares biggest bank capital rollback since 2008
According to the Financial Times, the Trump administration is moving forward with a sweeping plan to loosen one of the toughest capital requirements imposed on US banks after the 2008 financial collap...
BRICS De-Dollarization Grows as Brazil Considers Chinese Yuan Bonds
Brazil considers issuing its first sovereign bonds in Chinese yuan. The move could reduce reliance on the U.S. dollar and expand access to Asian capital. The Central Bank proposes strict limits on sta...
Sygnum Bank Adds Staked SOL as Collateral
Global digital asset bank Sygnum has added staked Solana (SOL) to its Lombard loan collateral portfolio for double earning potential on one asset. The Switzerland- and Singapore-based crypto bank says...
FalconX partners with Standard Chartered to expand institutional crypto offerings
FalconX has entered a strategic partnership with global banking group Standard Chartered to expand its institutional crypto offerings. This is the prime broker’s first partnership with a major traditi...
U.S. released a 2.3% adjusted CPI annual rate in April, the lowest since February 2021
The U.S. Bureau of Labor Statistics has announced that the adjusted CPI annual rate in April was 2.3%, the lowest since February 2021 and lower than market expectations at 2.4%. The unadjusted core CP...
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