Global markets and corporate developments offered a mixed picture on Wednesday as investors balanced resilient Asian equities against political tensions in Washington and mounting corporate upheaval across technology and media sectors. A rally in Asia came despite soft US consumer data and artificial-intelligence concerns on Wall Street, while Elon Musk’s artificial-intelligence startup lost key founders,
X is moving deeper into financial services as its long-awaited payments platform, X Money, enters internal testing and prepares for a wider rollout. The initiative marks a major step in Elon Musk’s effort to transform X from a social media network into a financial ecosystem. By combining messaging, payments, and asset management, the platform aims
Hong Kong is widening the scope of regulated crypto activity as its market enters a new phase of development. The Securities and Futures Commission said on Wednesday it will allow licensed brokers to offer virtual asset margin financing and set out a framework for perpetual contracts on licensed trading platforms. The changes introduce structured leverage
After a volatile start to the week, the Bitcoin price traded in a narrow range throughout the day in the absence of any major catalysts to drive a decisive recovery. The premier cryptocurrency struggled to maintain footing above the $67,000 mark for the better part of the day, as traders remained sidelined ahead of the
Markets traded on Wednesday with a mix of cautious optimism and lingering unease. A stronger-than-expected US jobs report offered brief reassurance after a bleak 2025, but sharp revisions underscored how fragile the labour market remains. That resilience was enough to rattle rate-cut bets, sending bitcoin and broader crypto lower. In corporate news, Kraft Heinz abruptly
Bitcoin fell to $65,800 on Wednesday, slipping below short-term trend lines and keeping a retest of $60,000 in play as liquidity thins beneath current levels, according to Cointelegraph’s analysis of market data. Although at the time of writing, it has recovered to $67,326. Traders say repeated failures near $70,000–$72,000 have weakened momentum, and a quick
Thailand has formally integrated cryptocurrencies into its financial markets after the Cabinet approved amendments expanding the scope of assets permitted under the country’s Derivatives Act. The decision allows digital assets to be used as underlying instruments for regulated futures and options contracts, bringing cryptocurrencies such as Bitcoin into Thailand’s mainstream capital markets framework, according to
As Bitcoin’s price slump continues to rattle equity-linked crypto firms, Strategy Inc. (previously known as Microstrategy) is pivoting its capital-raising playbook to preferred stock issuance in a bid to secure fresh funding for its Bitcoin accumulation strategy. Chief Executive Phong Le said the company would increasingly rely on perpetual preferred shares to fund purchases of
World Liberty Financial, a crypto project backed by members of the Trump family, said it plans to launch a foreign exchange and remittance platform aimed at lowering the cost of cross-border money transfers. Speaking at the Consensus conference in Hong Kong, co-founder Zak Folkman detailed plans to utilise the project’s proprietary USD1 stablecoin to facilitate
Washington moved to wind down a controversial immigration surge in Minnesota as federal agents began pulling back after weeks of backlash. Markets, meanwhile, remain tense: Bitcoin is stuck near $65,000 as traders debate whether another leg lower lies ahead. In corporate news, SoftBank-backed PayPay has filed for a blockbuster US IPO, while AI heavyweight Anthropic