The Cyprus Securities and Exchange Commission (CySEC) has announced the withdrawal of Investor Compensation Fund (ICF) membership for four investment firms: IFCM Cyprus Ltd, Arumpro Capital Ltd, Greenpost Trading Europe Ltd, and Reliantco Investments Ltd . This regulatory move comes after these companies lost their Cyprus Investment Firm (CIF) licenses , affecting their ability to provide financial services under CySEC’s framework. Impact on Investors Despite the ICF membership revocation, CySEC clarified that eligible clients can still claim compensation for investment operations conducted before the loss of membership status. This ensures that investors retain their rights under the Directive DI87-07 for the Operation of the ICF . According to CySEC, the withdrawal does not automatically eliminate clients’ rights to compensation . The regulator reassured investors that if they meet the necessary conditions, they can still receive financial compensation for any potential losses...

The cryptocurrency market has once again been impacted by Donald Trump and Melania Trump-themed memecoins, which have surged in popularity and trading volume. This unexpected wave has had a significant effect on blockchain infrastructure, exchange platforms, and even liquidity providers. The memecoins, $TRUMP and $MELANIA, have triggered congestion on the Solana network, led to new CFD offerings, and pushed Bitcoin to new highs amid speculation surrounding Trump’s pro-crypto stance. Solana Faces Congestion Amid Trump Memecoin Hype The launch of $TRUMP and $MELANIA coins caused an unprecedented surge in activity on the Solana blockchain, leading to network congestion, transaction failures, and delays. Popular Solana-based services such as Phantom, Jito, and Jupiter faced severe strain, with Phantom handling over 8 million requests per minute. Even centralized exchanges like Binance, Robinhood, and Coinbase experienced infrastructure overload due to high trading volume. Coinbase CEO Bria...

  The Solana blockchain recently experienced significant congestion as interest in Donald Trump and Melania Trump-themed memecoins skyrocketed. The unexpected surge in transactions overwhelmed the network, causing delays, failed transactions, and increased pressure on both decentralized (DEX) and centralized (CEX) platforms , including Coinbase, Binance, and Phantom Wallet . Solana’s Network Struggles Amid Record Activity 🔹 Massive transaction load – Phantom, a leading Solana wallet provider, reported 8 million requests per minute , exceeding capacity and causing transaction failures. 🔹 Solana’s 24-hour DEX trading volume hit $23.7 billion , a record high, surpassing Ethereum and its Layer-2 networks combined . 🔹 Solana’s native token, SOL, surged to $294 , marking an all-time high , before correcting to $260. 🔹 Coinbase CEO Brian Armstrong acknowledged the surge , stating that Coinbase's Solana infrastructure was under strain and efforts were underway to scale operations. T...

  Bitcoin (BTC) has once again made headlines, reaching an all-time high of $109,588 , defying bearish predictions and a $1.2 billion liquidation tsunami . This significant milestone comes amid growing institutional interest, market volatility, and speculation surrounding Donald Trump’s potential crypto-friendly policies . Bitcoin’s Rollercoaster Ride to $109,588 In the past 24 hours, Bitcoin’s price has experienced extreme fluctuations, ranging from $106,500 to a low of $99,651 , before surging past previous highs. According to CoinGlass , this volatility resulted in over $1.24 billion in liquidations across the perpetual futures segment, making it one of the most significant liquidation events of the year. Despite these market shakeups, BTC rebounded swiftly, smashing past the $100,000 psychological barrier and setting a new record at $109,588 . Binance data confirmed this new all-time high , proving that Bitcoin remains resilient despite intense sell-offs. The “God Candle” and...

  Binance Gains Regulatory Approval in Uzbekistan Binance has successfully secured regulatory authorization to operate in Uzbekistan through a strategic partnership with COINPAY LLC . This agreement enables Binance to provide its services via coinpay.uz , allowing local users to deposit and withdraw funds in Uzbekistani som through bank cards and national payment systems. Kyrylo Khomyakov, Binance’s Regional Head for Central and Eastern Europe, Central Asia, and Africa, emphasized the significance of this move: "This milestone underscores Binance’s commitment to working closely with local authorities to foster a regulated, innovative environment for cryptocurrencies." The National Agency of Perspective Projects (NAPP) , which oversees Uzbekistan’s crypto regulations, played a crucial role in this collaboration. NAPP also regulates capital markets, insurance, and e-commerce sectors, working towards a competitive and investor-friendly financial ecosystem . What This Means for U...

  Bitcoin has reclaimed the $102,000 mark, sparking debates about whether the rally will continue toward $106,888 or face a pullback. Analysts suggest that BTC must flip $102K into support for sustained growth, while some caution that resistance at this level could lead to weeks of sideways movement . Bitcoin’s Short-Term Outlook $102K Resistance Zone: Analysts from Stockmoney Lizards warn that $102K is a key resistance level , making it the “hardest nut to crack.” If BTC cannot establish this as support, it may trade sideways between $90K and $100K in the coming weeks. Bullish Momentum: Bitcoin has maintained seven consecutive days of gains , forming a bullish engulfing pattern that pushed prices beyond the $100K milestone. However, overhead resistance has led to minor pullbacks. Strategic Bitcoin Reserve Speculation: There is growing market speculation about a U.S. strategic Bitcoin reserve , which, if confirmed, could send BTC soaring. However, analysts at Polymarket e...

  A Strategic Acquisition IG Group Holdings plc (LON: IGG) has announced the acquisition of neobroker Freetrade for £160 million (USD $195 million) . This move marks IG’s expansion into the UK’s fast-growing direct investment market, strengthening its trading and investment services. Why Freetrade? Since its launch in 2018, Freetrade has established itself as a major player in the UK neobroker market. With 720,000 customers and £2.5 billion in assets under administration (AUA) , it has seen rapid growth. In 2024 alone, Freetrade reported revenues of £27.5 million , reflecting a 32% year-over-year increase . The acquisition provides IG with: A direct-to-customer investment platform with strong brand recognition. A scalable technology infrastructure. A growing user base and diversified revenue streams from subscriptions, foreign exchange fees, and interest income . IG’s Vision and Plans IG has confirmed that Freetrade will continue operating as a standalone business , retaining i...