Bullish, a Peter Thiel-backed crypto exchange, is pursuing a U.S. IPO targeting a $4.23 billion valuation. Riding momentum from the GENIUS Act, it aims to attract institutional investors and expand its regulated platform with support from Wall Street heavyweights.
Argentex’s 2025 collapse exposed major flaws in its risk model and governance. A sudden liquidity crisis, triggered by market volatility, forced the FX broker into special administration, shaking confidence in fintech oversight.
The Chinese yuan hit its highest level of 2025 against the US dollar. The surge was driven by central bank support, trade optimism, and better market sentiment. The PBOC set a stronger daily fix. while U.S.-China talks helped ease tensions.
Tesla (NASDAQ:TSLA) shares continued their slump on Tuesday after President Donald Trump suggested on Truth Social that the Department of Government Efficiency (DOGE) should investigate cutting federal subsidies that benefit Elon Musk’s companies.