UBS has resumed coverage on Pagaya Technologies with a Neutral rating and a price target of $11.00, citing potential revenue growth but expressing caution over credit impairments. The company reported a 23.4% revenue increase in the past year, reaching $970.9 million, and aims for GAAP profitability by 2025. Despite a strong market position and strategic partnerships, UBS seeks clarity on credit losses before making further recommendations.
Isabelle Chassot, Chairwoman of the Commission of Inquiry, presented the PUK's findings on the Credit Suisse crisis, attributing the loss of confidence primarily to the actions of its Board of Directors and Executive Board. The report also criticizes the authorities for their role in the debacle.
Ethereum's price has dropped over 7%, falling below $3,550 and establishing a new low at $3,324. A resistance level has formed at $3,650, with increased selling pressure evident as the market struggles to maintain support, particularly around $3,350 and $3,320. Technical indicators suggest a bearish trend, with potential further declines if key support levels fail.
Switzerland's financial market regulator, FINMA, has embraced recommendations to enhance its authority following a report on the collapse of Credit Suisse. The organization acknowledged the criticisms and is committed to improving its supervisory capabilities and applying lessons learned from the incident.
The SP Switzerland demands urgent measures to mitigate the risks posed by the oversized UBS, calling for a ban on bonuses for systemically important banks and an end to party financing by UBS. They criticize the slow revision of too-big-to-fail regulations and highlight the need for higher capital requirements and stronger oversight of financial institutions to protect taxpayers from potential crises.
Trillium Surveyor has partnered with Kaiko to enhance cryptocurrency trade surveillance amid evolving regulatory landscapes and growing institutional interest. This collaboration integrates Trillium's surveillance platform with Kaiko's market data, enabling financial institutions to swiftly identify and mitigate suspicious trading activities.As global regulations tighten, including the EU's MiCA framework and the UK's FCA oversight, the need for robust compliance tools becomes critical for market integrity and consumer protection.
Chainlink's LINK token has corrected 15% from its December peak, currently trading around $24.08, despite a remarkable 63% gain over the past month and 69% over the year. Trading volume surged by 49%, indicating active market engagement, while analysts remain optimistic, projecting a potential price of $75 by May 2025.
Revolut has added Binance Coin (BNB) to its trading platform, a move announced by Binance CEO Changpeng Zhao, who expressed surprise at the listing. With a global user base of 40 million, one-third from the UK, Revolut continues to expand its cryptocurrency offerings alongside services like foreign exchange and international payments. The company, valued at $1.7 billion, has seen rapid growth, increasing from 1.2 million users in 2017 to 4.5 million currently.
Rexas Finance (RXS), priced at $0.15, is gaining attention as a potential altcoin contender, drawing parallels to Solana's 2021 growth. With a 400% increase in presale value and a focus on tokenizing real-world assets, it aims to revolutionize investment strategies in traditionally inaccessible markets. The project has raised over $28.7 million in presale, positioning itself for significant demand as it approaches major exchange listings.
Swiss lawmakers have called for stricter oversight of the financial sector following a report that attributed Credit Suisse's collapse to mismanagement and criticized regulatory responses. Meanwhile, UniCredit's CEO emphasized the need for deeper European banking integration to enhance economic growth, while US regulators face scrutiny over their handling of bank mergers, particularly regarding Capital One's proposed acquisition of Discover. In a separate development, Crédit Agricole has agreed to acquire Santander's stake in Caceis, gaining full control of the asset servicing entity.

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