CandleFocus

Weekly Summary: 26 Degrees Surrenders CySEC License, FTX Bankruptcy Plan, and More

Author: Content Editor
26 Degrees, a company with a CySEC license, is giving up the license to focus on institutional services and hedge fund operations. CMC Markets expects significant growth and operational efficiency in the first half of fiscal year 2025. Australia's ANZ bank joins FXSpotStream to boost its FX liquidity capabilities. FD Technologies is selling its First Derivative Business to EPAM Systems for £230 million. LMAX Group's subsidiaries report increased revenue but no net profit. Tickmill UK Ltd records increased revenue but also rising administration expenses. TrivePro ends operations in the UK but releases annual financial numbers. Institutional liquidity is explained as trading between large institutions. The FCA's Consumer Duty is assessed one year after implementation. FTX's reorganization plan is approved by a US bankruptcy judge. Ryan Salame, former co-CEO of FTX, posts about his "new position as Inmate." Crypto.com sues the SEC over alleged overreach in regulating crypto assets. Anthony Scaramucci calls for a bipartisan approach to crypto regulation in the US. The latest AI innovations, such as OpenAI's ChatGPT, are in high demand. Lamb Weston closes a factory due to falling fry sales, raising concerns about supply chain issues for McDonald's.

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