CME Group leads crypto exchanges while managing $1.4 trillion in futures trading.Global crypto exchanges hold $1.2 trillion and serve 500 million users worldwide. The cryptocurrency exchange landscape has radically transformed as traditional financial powerhouses cement their positions in digital assets. CME Group, the Chicago-based derivatives exchange founded in 1898, has secured the top position in...
Rep. John M. Cabello has filed a Strategic Bitcoin Reserve Act (HB1844) with the Illinois House to formally recognize Bitcoin as a state financial asset. Similarly, Indiana has introduced a bill to explore how blockchain technology could significantly improve data security, consumer experience, etc. while permitting funds to be invested in Bitcoin ETFs. In a previous...
The Fed’s decision to maintain interest rates at 4.25%-4.5% aligns with its cautious approach, despite Trump’s push for rate cuts.Bitcoin and the broader crypto market remained stable, with investors now focusing on Powell’s guidance and future Fed policy shifts. Following CNF’s earlier report on US Fed and rump administration set to influence Bitcoin’s price in...
JAKARTA – PT XL Axiata Tbk (EXCL) shifted positively this morning (4/12) amid the news of Dian Siswarini’s resignation as President Director of EXCL circulating since yesterday (3/12). Investors seem to not mind Siswarini’s decision to leave EXCL. Based on IDNFinancials data, EXCL reported fluctuations from the opening bell to 12 PM WIB today (4/12),...
JAKARTA – Indonesia Stock Exchange (IDX) authorities temporarily suspends transactions of 4 issuers as they have failed to meet the minimum free float requirement of 7.5% of its shares. Based on IDNFinancials data today (4/12), the four suspended issuers arePT Lippo General Insurance Tbk (LPGI),PT Panasia Indo Resources Tbk (HDTX),PT Metro Realty Tbk (MTSM), andPT...
JAKARTA -PT Fast Food Indonesia Tbk (FAST), the management of fast food chain KFC, is seeking loan to its majority shareholders to anticipate capital deficiency during the expansion of KFC and Taco Bell outlets. As of Q3 2024, its cash and cash equivalent was reportedly lower than the cash in December 2023. According to the...
JAKARTA - PT Bank Negara Indonesia (Persero) Tbk or BNI is determined and ready to provide financial solutions for workers in the country. A testament of its seriousness is its cooperation in providing post-employment compensation fund program services or pension funds for employees of PT Bumi Siak Pusako (BSP), a Regional-Owned Enterprise (BUMD) Pekanbaru engaged...
JAKARTA -PT Medco Energi Internasional Tbk (MEDC) will offer Shelf-Registration Bond V Phase III Year 2025 worth IDR 2.5 trillion from December 27, 2024, to January 2, 2025. The proceeds will be allocated for refinancing the bond maturing in 2025. As said in the prospectus quoted today (4/12), the bond will be offered in two...
The Singapore stock market has tracked higher in six straight sessions, collecting more than 110 points or 3 percent along the way. The Straits Times Index now rests just above the 3,820-point plateau although investors are likely to lock in gains on Friday. The global forecast for the Asian markets is flat to lower ahead...
The Taiwan stock market has tracked higher in four straight sessions, improving more than 1,000 points or 4.3 percent in that span. The Taiwan Stock Exchange now rests just above the 23,260-point plateau although its likely to open under pressure on Friday. The global forecast for the Asian markets is flat to lower ahead of...