Dow futures are rising as investors await the final rate decision and economic forecast of the year. Intraday data is provided by FACTSET, with all quotes reflecting local exchange time. Real-time U.S. stock quotes are based on trades reported through Nasdaq, while intraday data may be delayed by at least 15 minutes.
The Australian Securities and Investments Commission (ASIC) has initiated legal action against Binance Australia Derivatives for allegedly misclassifying over 500 retail clients as wholesale investors, depriving them of essential consumer protections. ASIC criticized Binance's compliance systems as "woefully inadequate," leading to significant financial losses for clients. The lawsuit highlights multiple regulatory violations, including the failure to provide necessary disclosures and dispute resolution mechanisms, prompting ASIC to cancel Binance's Australian financial services license in April 2023.
Ohio Representative Derek Merrin has introduced House Bill 703, allowing the state treasury to invest in Bitcoin to address concerns over the devaluation of the U.S. dollar. The bill aims to create a BTC fund, granting the state treasurer authority to allocate funds flexibly as part of Ohio's financial strategy. If not passed before the current legislative session ends on December 31, 2024, the proposal will need to be reintroduced in the next session starting January 2025.
Rothschild & Co Bank in Switzerland is set for a management change as Patrick Eisenring will take over as Chief Financial Officer on January 1, 2025. Current CFO Christian Bouet, who has served for eleven years, will transition to a role on the bank's Board of Directors while continuing to oversee the Wealth and Asset Management division. Eisenring, who has been with Rothschild & Co since 2017, previously held positions at Credit Suisse and Hewlett Packard.
Heinz Huber, CEO of Raiffeisen Switzerland for six years, will step down at the end of the month to become chairman of Graubünden Cantonal Bank in July 2025. Under his leadership, Raiffeisen expanded its customer business and maintained solid financial performance. Christian Poerschke will serve as interim CEO starting January 1.
Heinz Huber will step down as CEO of Raiffeisen Zurich at the end of the year to become Chairman of Graubünden Kantonalbank in July 2025. Christian Poerschke, currently Vice-Chairman, will serve as interim CEO. Huber, who has led Raiffeisen since January 2019, successfully navigated the bank's recovery following significant losses in 2018.
BYDFi has partnered with leading payment service providers to streamline the crypto purchasing process, making it easier and more cost-effective for users. The platform will soon launch "BYDFi Copy Trading," allowing users to automatically replicate the strategies of professional traders.Additionally, Wanchain's native token, $WAN, has been listed on BYDFi, enabling users to buy, sell, and manage it. Wanchain is recognized for its pioneering work in blockchain interoperability, facilitating secure asset transfers across multiple blockchains.
Huber has been elected as the new Chairman of GKB, effective from July 1, 2025, to June 30, 2029, following his tenure as Chairman of the Executive Board of Raiffeisen Switzerland since 2019. He replaces Peter Fanconi, who will step down early amid scrutiny over GKB's lending practices but will remain in his role until June 2025 to ensure a smooth transition.
Metaplanet has officially launched Bitcoin Treasury Operations, aiming to integrate Bitcoin into its financial framework. The Tokyo-based company plans to purchase, hold, and manage Bitcoin, leveraging various financial instruments while generating income from Bitcoin put option sales. With projected revenue of 890 million yen for the fiscal year, Metaplanet is on track for its first consolidated operating profit in seven years, bolstered by significant unrealized gains on its BTC holdings.
Solana's price has struggled below $215 after peaking at $263 on November 22, dipping to $203 last week. Despite a recent uptick in trading volume, analysts suggest it may retest the $203 support before any potential recovery, with a target of $300 requiring a break through resistance at $222. Meanwhile, Bitwise has launched a Solana Staking ETP in Europe, offering a 6.48% staking reward, as interest in Solana remains high.
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