Stay informed with the latest financial news, market insights, investment strategies, and global economic updates. The Finance category at Ferox covers everything you need to make smarter financial decisions in today’s digital world.
In a noteworthy turn of events during the ongoing US–China trade and export-control discussions in London, Huawei founder Ren Zhengfei made candid remarks downplaying his company’s semiconductor prowess. Navigating Heightened US–China Tech Tensions During a front-page interview in China’s People’s Daily, Ren emphasized that Huawei’s single-chip architecture still lags one generation behind U.S. rivals, explicitly…
Evita Pay used USDT to funnel cross-border payments. Clients included Sberbank, VTB Bank, Sovcombank, and Rosatom. 22-count indictment includes money laundering, wire fraud. In a sweeping indictment that highlights growing enforcement around sanctions evasion and crypto misuse, US federal prosecutors have charged Russian national Iurii Gugnin with running a sophisticated cross-border fraud and money laundering…
1. Background: Rising Concerns Over Chinese Hardwood Plywood In recent months, the European Union has ramped up trade-defence measures against Chinese hardwood plywood imports. These actions stem from long-standing worries among European producers that Chinese manufacturers are undercutting them with exceptionally low-priced, subsidized plywood—possibly even using illegally sourced Russian timber to bypass EU restrictions. The…
Over the past 24 hours, Ether (ETH) surged approximately 7%, a sharp rebound fueled by Bitcoin’s rally above the $109,000–$110,000 range. Bitcoin’s steady climb past $109,000 created an optimistic tone across the crypto market, lifting Ethereum as a leading altcoin. This rise also injected renewed investor confidence, evidenced by a 3–4% increase in broad crypto…
June 9, 2025 – Cetus Protocol, the Sui-native decentralized exchange (DEX), has successfully relaunched following a devastating $223 million exploit on May 22. The team managed to recover the majority of the stolen funds and restore functionality to its liquidity pools . 💡 Key Highlights
On June 9, 2025, in pre-market trading, Robinhood Markets (HOOD) experienced a notable drop of approximately 5–5.7% (to around $70.6–$71.2) after S&P Dow Jones Indices announced that no changes would be made to the S&P 500 components during its quarterly rebalance. 🔍 What Triggered the Decline? 📉 Market Impact Beyond Robinhood 💡 Why No Additions This…
June 9, 2025 – A fresh wave of bullish momentum is rippling through the Bitcoin options market in advance of the latest U.S. CPI release. According to CoinDesk’s morning briefing, traders have been stacking calls, signaling growing optimism for near‑term upside. Over the weekend, Bitcoin briefly reclaimed levels above $107,600 before settling near $106,600—a ~1.2% gain in…
Metaplanet, a once-traditional hotel operator in Japan, saw its stock surge ~15% today after unveiling plans to raise approximately $5.4 billion to boost its Bitcoin holdings to 210,000 BTC by 2027. If achieved, this hoard would represent about 1% of total Bitcoin supply—valued at nearly $22 billion at current prices. The pivot, which began in 2024, also…
🗣️ Jensen Huang (Nvidia CEO) opened London Tech Week alongside UK PM Sir Keir Starmer, declaring the UK has a “Goldilocks” AI ecosystem—rich in talent and private investment, yet severely lacking computer infrastructure: “This is the largest AI ecosystem in the world without its own infrastructure” 💷 Starmer’s announcement: 📊 The challenge ahead: 👁️ The…
June 9, 2025 – Turnkey, a crypto wallet infrastructure startup co-founded by former Coinbase engineers Bryce Ferguson and Jack Kearney, has secured $30 million in Series B funding. Led by Bain Capital Crypto, the round also saw participation from Lightspeed Faction and Galaxy Ventures, marking a strong vote of confidence in the company’s API-driven wallet…
