Standard Chartered has introduced deliverable spot trading for Bitcoin and Ethereum to its institutional clients in the UAE, becoming the first major global bank to offer this service in the Gulf region. Eligible clients can now buy and sell these cryptocurrencies for immediate delivery via the bank's electronic trading platforms, integrated with its existing foreign exchange systems. This new service complements the bank's digital asset custody offering launched in the UAE in 2024, allowing clients to settle trades through their preferred custodians. This move is expected to boost institutional adoption and integration of digital assets in the UAE market.
Methanex has strengthened its business by acquiring OCI Global's methanol operations and shutting down less efficient plants, focusing on North American production and global logistics. This strategic shift improves its cash flow stability and compet...
Bitcoin spot ETFs attracted over $100 million in new investments, increasing their total assets to $97.22 billion, while Ethereum, XRP, and Solana ETFs experienced daily net outflows. Despite these short-term withdrawals, Ethereum and XRP maintain po...
Hyperliquid opened its HIP-4 outcome-market infrastructure to outside venues on August 29, leading to a near tripling of daily trading volume within three days, from about $545,000 to $1.97 million, later reaching $2.75 million. Two external venues, ...
Gem Diamonds shares jumped 70% following their half-year results, driven by a 32% revenue increase to $59.7 million and effective cost-control measures. The company reversed a prior loss to report $8.6 million in underlying earnings and boosted cash ...
Broadcom reported better-than-expected quarterly results but its shares fell due to a fourth-quarter revenue forecast below analyst estimates. CEO Hock Tan revealed plans to double AI revenue to $115 billion in 2027 and then to $230 billion the follo...
