Finance Magnates is a global provider of multi-asset trading news, a global financial industry online directory, research, and conferences, exhibitions, and events around the world with a special focus on electronic trading, banking, investing, and technologies behind them.
A push by the Trump-era Justice Department to scale back crypto enforcement has done little to deter federal prosecutors from pursuing Braden Karony, the former CEO of SafeMoon, who faces fraud charges tied to the token’s collapse, law360.com reported, citing DOJ filings today (Friday).
His upcoming trial in May now serves as a key test of whether the ...
A federal court in Brazil has sentenced three individuals linked to Braiscompany, a collapsed cryptocurrency investment firm, to a total of 171 years in prison. The case is one of the country’s largest crypto-related fraud prosecutions.
Federal Judge Vinicius Costa Vidor handed down the sentences after finding the defendants guilty of running an unlicensed financial institution and
...HashKey Capital has launched the HashKey XRP Tracker Fund. It is the first fund in Asia designed to track the price of XRP. Ripple, a blockchain-based payments company, will be an early investor in the fund.
Last year, HashKey Capital obtained Type 4
...As the US sharpens its approach to digital asset policy, other countries are reaching out to Binance to explore their own national strategies for holding Bitcoin, the Financial Times reported. While Teng did not disclose which countries are involved, he highlighted that the United States is currently leading global efforts in developing strategic Bitcoin frameworks.
CEO Richard Teng
...Cryptocurrency exchange trading volumes decreased by 15% in March 2025 compared to the previous month, marking the third consecutive monthly decline in trading activity across major platforms.
The declines coincided with Bitcoin’s weakening performance. Although its price contracted by only 2% last month, it briefly fell to $75,000 — the lowest level since November.
Crypto
...As the cryptocurrency world steps closer to the financial mainstream, U.S. Federal Reserve Chair Jerome Powell reignited calls for a legal framework around stablecoins, digital tokens often pegged to the dollar that are increasingly used in global transactions.
But while Powell sees regulation as a necessity, his broader comments also raised new concerns over inflation and economic
...A new scam is circulating among cryptocurrency traders, using forged documents that appear to be from Malta’s financial regulator to demand payments for fictitious market manipulation fines.
The Malta Financial Services Authority (MFSA) has issued a public warning, urging users to remain vigilant after discovering the fraudulent use of its name, logo, and official signature
...One Trading has introduced the European Union's first MiFID II-regulated trading venue for crypto perpetual futures, initially for institutional investors with plans to extend access to eligible retail clients in the coming weeks.
One Trading Launches First EU-Regulated Crypto Perpetual Futures Platform
The Amsterdam-based firm's platform, operating under an Organized Trading
...Seychelles-based OKX has legally launched a centralised crypto exchange in the United States, less than two months after settling with the Justice Department by paying $504 million for previously operating in the country without authorisation. It has now set up a regional headquarters in San Jose, California.
...Germany’s financial watchdog has made its first major enforcement move under the European Union’s new crypto regulatory framework, ordering Frankfurt-based Ethena GmbH to shut down operations and liquidate its USDe stablecoin business.
The decision comes amid a broader push to impose tighter oversight on crypto firms across the bloc. The Federal Financial Supervisory Authority (BaFin)
...Cryptocurrency exchanges Binance and KuCoin temporarily halted withdrawals yesterday (Monday) following a reported disruption at Amazon Web Services (AWS), their cloud service provider, Coindesk reported.
Binance acknowledged the issue in a post on X. “We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption in the AWS data
...Following recent positive crypto regulatory developments in the US, the Crypto exchange Kraken now offers access to over U.S.-listed stocks and ETFs. The company announced today (Monday) the initial rollout of commission-free trading for more than 11,000 US-listed stocks and ETFs to clients across several states.
“As demand for 24/7 global access grows, clients want a seamless,
...Mantra’s OM crypto token crashes harder than your aunt’s retirement plan, with centralized exchanges and suspected insider dumpers in the spotlight.
From Zero to OM: The Spectacular Self-Destruction of a Token
Mantra’s OM token didn’t just take a hit—it faceplanted into the crypto pavement, losing over 90% of its value in less time than it takes to microwave popcorn. What looked
...Binance, which paid billions of dollars in fines in the United States, is now in discussions to list a new dollar-pegged stablecoin launched by the Trump family’s crypto venture, World Liberty Financial. According to a Wall Street Journal report citing “people familiar with the discussions,” the venture could potentially bring in billions in profits
...BlackRock’s crypto ETF momentum dropped early this year amid heightened market volatility. After a strong finish to 2024, the firm saw a steep 83% drop in digital asset ETF inflows in the first quarter of 2025, reflecting a sluggish crypto market and a broader investor shift toward caution.
Despite the slide, the $3 billion pulled into ...