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Most Asian stocks declined ahead of the U.S. Federal Reserve's interest rate decision, with Chinese shares falling due to disappointing retail sales data, raising concerns about the economy's recovery. Japan's market remained stable as the Bank of Japan is expected to maintain current rates, while South Korea's index showed little change following the president's impeachment. Overall, investor sentiment was cautious globally as markets awaited clarity from the Fed amidst persistent inflation concerns.
Canal+ is set to debut on the London Stock Exchange, marking the largest new listing in two years, with a projected market value of €6bn. The move, seen as a vote of confidence in the UK capital markets, comes as Vivendi spins off its media assets, including StudioCanal. The listing aims to bolster Canal+'s ambitions to compete with major streaming services like Netflix and Disney+.
Nano Labs has successfully closed a $36.25 million private placement, issuing 5,611,459 Class A shares at $6.46 each. This follows the company's recent acquisition of approximately 55.6 BTC worth around $5.5 million, made through Hashkey, a Hong Kong-based trading platform. Amid financial challenges and declining stock prices since its 2022 public offering, Nano Labs has begun accepting Bitcoin payments, aiming to enhance its technological offerings and attract a wider customer base.
The Global Bromhexine Tablet market is projected to grow from USD 875.5 million in 2023 to USD 1,131.7 million by 2032, with a CAGR of 3.7% from 2024 to 2032. This growth is driven by the rising prevalence of respiratory disorders and increasing demand for expectorants. Key players include Sanofi, Teva, and Boehringer Ingelheim, with market segmentation covering applications, types, and distribution channels across various regions.
BiT Global has filed a lawsuit against Coinbase, alleging antitrust violations for delisting wrapped Bitcoin (WBTC) to promote its own product, Coinbase Wrapped Bitcoin (cbBTC). The complaint claims Coinbase is leveraging its market dominance to suppress competition and increase transaction revenues, while disputing the exchange's justification for the delisting based on listing standards. BiT Global seeks to restore competition and protect decentralized innovation in the crypto space.
Sui blockchain has partnered with Ant Digital to tokenize real-world assets, focusing on environmental, social, and governance (ESG) initiatives. Their first project involves listing assets from a top-ranked Chinese solar material manufacturer. Ant Digital aims to enhance the development of the real economy through advanced technical services, leveraging its ZAN brand for the issuance and management of tokenized assets.
The Bank of England's Prudential Regulation Authority (PRA) has mandated that businesses disclose their current and anticipated crypto asset exposures by March 2025. This initiative aims to gather essential data to inform regulatory policies and assess the financial stability implications of digital assets. The PRA's efforts will focus on tokenized assets, stablecoins, and unbacked cryptocurrencies, as the UK seeks to establish a comprehensive regulatory framework amidst growing global interest in cryptocurrencies.
Coinbase is facing a $1 billion lawsuit from BiT Global Digital Limited, which accuses the exchange of harming the wrapped Bitcoin (wBTC) market by delisting the token to promote its own product, cbBTC. The lawsuit alleges attempted monopolization and predatory practices under the Sherman Act, claiming that Coinbase's actions led to significant financial losses and undermined consumer confidence in wBTC. BiT Global's attorneys argue that such moves by a major exchange set a dangerous precedent for the cryptocurrency industry.
UBS has maintained a "Neutral" rating on HSBC Holdings with a target price of 710 pence. Analyst Jason Napier noted that HSBC is contemplating divesting its private client business outside Hong Kong and the UK, aiming to concentrate on affluent clients in other markets, given the minimal earnings from regions like Mexico, Malaysia, and Indonesia.
Societe Generale has successfully executed the first blockchain-based repo transaction within the Eurosystem, collaborating with the Banque de France through its digital assets subsidiary, Forge. This transaction utilized tokenized bonds as collateral and involved the exchange of central bank digital currency (CBDC) as cash, showcasing the potential of CBDCs to enhance liquidity in digital financial securities. The Banque de France has been exploring CBDC applications since 2021, including cross-border projects and partnerships with major banks.
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