OKX Names Standard Chartered and Circle as Investors After $25 Billion Valuation
OKX founder Star Xu named Standard Chartered and Circle as equity investors, building on a $25 billion valuation disclosed with ICE’s March investment.
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Euro Hits 17-Month Low as Spain Election and French Fiscal Risks Weigh
The euro fell to a 17-month low against the dollar as Spain set a November election and France’s budget risks compounded inflation and borrowing-cost pressures.
US Adds Just 29,000 Jobs in September as Unemployment Rises to 4.2%
September payrolls rose by only 29,000 as unemployment edged up to 4.2%, wage growth slowed and downward revisions weakened the summer hiring picture.
Eurozone Inflation Rises to 3.8% as Energy Prices Surge
Eurozone inflation accelerated to 3.8% in September as energy prices surged, while core inflation edged up to 2.5% after the ECB’s latest rate increase.
Dollar Hits 17-Month High Against Euro as Global Bond Selloff Deepens
The dollar held near a 17-month high against the euro as rising bond yields, French fiscal concerns and energy costs pressured Europe ahead of U.S. jobs...
Treasury Yields Hit 24-Year Highs as Global Bond Selloff Deepens
Treasury yields reached levels last seen in 2002 before easing, as global bond selling and stronger manufacturing price pressure put borrowing costs in focus.
Euro Hits 16-Month Low as Rate Outlook Supports the Dollar
The euro’s fall below $1.13 puts interest-rate differences and bearish options pricing in focus, with implications for business costs and cross-border portfolios.
Morgan Stanley Opens Digital Asset Lab to Test Blockchain Infrastructure
The bank’s experiments put the mechanics of digital finance in focus, alongside existing businesses in cryptocurrency trading and stablecoin reserve management.
Bitget Suspects North Korean Hackers Behind $352 Million Crypto Theft
Bitget suspects North Korean hackers may be behind a $351.6 million security breach that compromised parts of the crypto exchange's hot and warm wallet infrastructure.