News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Flash
- 09:39Euroclear Announces Pan-European Post-Trade Infrastructure InitiativeAccording to ChainCatcher, Euroclear has announced a unified post-trade infrastructure blueprint covering all 27 EU member states. The plan aims to consolidate equities, fixed income, and fund assets onto a single platform, with the goal of achieving full commercial bank funding access by 2026. Additionally, it seeks to accelerate integration with the European Central Bank's T2S platform to support the EU Savings and Investment Union (SIU) and enhance Europe's global competitiveness.
- 09:32Bank of America survey shows investors are returning to risk assets at a record paceAccording to a report by Jinse Finance, a monthly survey by Bank of America shows that optimism about economic growth and robust corporate profits is driving fund managers to return to risk assets at a record pace. The survey indicates that, over a three-month period, the risk level in investors’ portfolios has reached its highest point since 2001, with a significant increase in allocations to U.S. and European equities as well as technology stocks. The July survey reveals that allocations to U.S. equities saw the largest increase since December of last year. Allocations to technology stocks also recorded the biggest three-month surge since 2009. In addition, the overweight position in eurozone equities has reached its highest level in four years.
- 09:02South Korean Court Acquits Former Wemade CEO in Wemix CaseAccording to ChainCatcher, citing a report from Cointelegraph, the Seoul Southern District Court ruled on Tuesday that former Wemade CEO Jang Hyun-guk was not guilty of manipulating the circulation of WEMIX tokens. Prosecutors had accused him of concealing the continued sale of over $200 million worth of tokens in 2022, but the court found insufficient evidence of intentional market manipulation. Following the news, WEMIX saw a short-term surge, but it remains down about 97% from its 2021 peak.