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BVNK has secured $50 million in Series B funding, led by Haun Ventures, to expand its stablecoin infrastructure into the US, targeting San Francisco and New York City. The London-based company, valued at approximately $750 million, aims to develop local banking infrastructure and operational licenses, competing with established players like Paxos and Circle. With over $10 billion in annual payment volumes and a 200% growth rate, BVNK is positioned to capitalize on the anticipated growth of the stablecoin market, projected to exceed $1 trillion by 2035.
U.S. stock indexes pulled back, with the S&P 500 down 0.4% and Nvidia's stock falling 1.2%, marking its eighth loss in nine days. Despite this, the S&P 500 is up nearly 27% for the year, buoyed by strong economic resilience and expectations of favorable policies from President-elect Trump. Bitcoin briefly surpassed $108,000 before retreating to around $106,500.
The FCA has issued a warning against Retardio, a Solana-based meme coin, stating it is unauthorized to offer financial services in the UK, leaving users unprotected under the Financial Ombudsman Service or FSCS. Despite the warning, Retardio's token price rose by 16%, reaching $0.09011, while the project boasts over 11,000 Telegram members and an NFT collection. The FCA continues to tighten oversight in the digital asset sector, recently cautioning against another unauthorized project, Pump.fun.
Patterson Companies, Inc. operates as a specialty distributor in the dental and veterinary markets across the U.S., Canada, and the U.K. Its Dental segment offers a range of consumables, technology, and practice management solutions, while the Animal Health segment provides products and services for livestock and companion animals through various brands.
The UK's Financial Conduct Authority (FCA) has released a discussion paper outlining a comprehensive regulatory framework for digital assets, moving away from a phased approach. This new legislation will integrate stablecoins with crypto trading under a unified law, expanding the definition of digital assets and enhancing regulatory oversight to include market abuse and crypto asset disclosures. The FCA is also engaging in international collaboration to establish global standards, inviting feedback from industry stakeholders to refine its proposals.
Needham & Company has named Alcon (NYSE: ALC) its top pick for 2025, adding the stock to its Conviction List and raising the price target to $108. The firm anticipates significant revenue growth from eight upcoming product launches, particularly the PanOptix Pro, which is expected to enhance earnings and margins.Analysts project robust performance in cataracts and contact lenses, with strong demand for intraocular lenses and a positive outlook for the Unity VCS launch. Alcon's stock is currently trading at a P/E ratio of 25.7x, presenting an attractive valuation compared to its historical average.
India's government is developing a comprehensive regulatory framework for Virtual Digital Assets (VDAs) but emphasizes the need for international cooperation to address their borderless nature. Current measures include taxation on VDA income and oversight under the Prevention of Money Laundering Act, with no fixed timeline for comprehensive regulations. As local adoption of cryptocurrencies rises, India recognizes the importance of global collaboration to prevent regulatory arbitrage and ensure effective governance.
Adriatic Metals Plc has announced a change in major shareholdings, revealing that UBS Group AG has adjusted its financial instruments related to the company's voting rights. UBS now holds 7.13% of the total voting rights, indicating a strategic shift in its financial involvement with Adriatic Metals. The company currently has a market cap of £674.7M and a year-to-date price performance of -3.33%.
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