Thailand's largest cryptocurrency exchange, Bitkub, is preparing for an Initial Public Offering (IPO) on the local stock market in 2025. CEO Jirayut Srupsrisopa has announced that the company is currently seeking financial advisors to prepare the necessary documentation and facilitate the listing process.
Qualcomm, Google, Intel, and several other tech giants have established the UXL Foundation coalition to challenge Nvidia's AI market monopoly, which has propelled the company to a $2.2 trillion valuation.
The European Securities and Markets Authority (ESMA) has published its first final report on the regulatory framework for the crypto market under the Markets in Crypto-Assets Regulation (MiCA). This document presents ESMA's recommendations regarding the criteria for the proper registration of crypto service providers and the procedure for handling complaints. The report has now been submitted to the European Commission, with ESMA set to assist the government in implementing these recommendations as a consultant.
Tech giants are seizing the opportunity to offload shares of their own companies as the market trends upward. The insider selling-to-buying ratio has reached its highest point since the beginning of 2021.
U.S. authorities have indicted trader Avraham Eisenberg for orchestrating a fraud and market manipulation scheme on the decentralized exchange Mango Markets. The reports indicate that in late 2022, he intentionally drove up the price of the MNGO token by 1300%, leveraging it as collateral to secure a $110 million loan he failed to return.
