China’s stock market surged following the launch of new AI tools by Alibaba and Manus AI, with Alibaba’s shares rising 8.2% in Hong Kong. The technology index climbed to a multi-year high, driven by optimism around AI advancements and government support for the sector. Investors are increasingly recognizing the potential of AI to enhance Alibaba’s cloud computing business and overall market value, which has increased by $135 billion this year.
about China's AI Innovations Drive Stock Market Surge and Boost AlibabaGlobal Cord Blood Corporation
0 in Finance and 0 in Crypto last weekGlobal Markets React to Economic Policies and Trade Tensions
U.S. stocks edged higher amid hopes for tariff relief from President Trump, despite a disappointing jobs report showing only 77,000 private-sector jobs added in February. The S&P 500 rose 0.1%, while the Dow was flat and the Nasdaq gained 0.2%. Concerns over the economic impact of escalating trade tensions persist, as the Fed’s potential interest rate cuts are now viewed negatively by markets.
about Global Markets React to Economic Policies and Trade TensionsBeijing Court Rules in Favor of Justin Sun in Defamation Case
Beijing Internet Court ruled in favor of TRON founder Justin Sun in a defamation case against SINA, concluding a six-year legal battle over false allegations of misconduct. The court mandated SINA to remove defamatory content, issue a public apology, and pay over 30,000 RMB in damages. This ruling not only rehabilitates Sun’s reputation but also reinforces the importance of fact-checking in financial journalism, potentially enhancing institutional credibility for TRON amid ongoing regulatory developments.
about Beijing Court Rules in Favor of Justin Sun in Defamation CaseCryptocurrency Market Decline Amid Tariffs and Price Predictions for Bitcoin Dogecoin Ethereum
Bitcoin’s price dropped 13% in early Asian trading, leading to a $125 billion market cap loss and minimal ETF inflows. Dogecoin continued its bearish trend, trading around $0.19 after a 17% decline, while Ethereum fell 16% to $2,100, as market sentiment wavered following recent tariff announcements.
about Cryptocurrency Market Decline Amid Tariffs and Price Predictions for Bitcoin Dogecoin EthereumCrypto Market Declines as Trump Administration’s Promises Fall Short
Cryptocurrency prices have sharply declined, with Bitcoin erasing nearly all gains since Donald Trump’s election, falling 21% from its January peak. The market is subdued amid disappointment over the lack of a U.S. bitcoin reserve and regulatory clarity, leading to nearly $1 trillion wiped from the crypto market since December. Analysts suggest that a clearer regulatory framework or significant market catalysts are needed for recovery, while some remain optimistic about future price increases.
about Crypto Market Declines as Trump Administration's Promises Fall ShortDark Souls 3 Seamless Co-op Mod Released for Enhanced Multiplayer Experience
Yui has released an alpha version of a seamless co-op mod for Dark Souls 3, allowing players to team up from start to finish with up to six participants. This mod removes traditional multiplayer restrictions, introduces new gameplay mechanics for balance, and ensures all players progress their story together. While still in early development, it offers a stable experience for those eager to explore the game cooperatively.
about Dark Souls 3 Seamless Co-op Mod Released for Enhanced Multiplayer ExperienceOKX Affiliate Pleads Guilty to AML Violations and Pays Over 500 Million
Aux Cayes FinTech Co. Ltd, an affiliate of OKX, pleaded guilty to operating an unlicensed money-transmitting business, resulting in a settlement of over $500 million with the DOJ. The company acknowledged regulatory failures that allowed US traders to access its platform, facilitating over $5 billion in suspicious transactions. Despite the penalties, no individual employees faced charges, and the firm has committed to improving its compliance measures.
about OKX Affiliate Pleads Guilty to AML Violations and Pays Over 500 MillionOKX Aims for Regulatory Compliance Leadership After Major Settlement with US Authorities
OKX has committed to becoming a leader in regulatory compliance following a $500 million settlement with US authorities for operating an unregistered money-transmitting business and violating anti-money laundering laws. CEO Star Xu acknowledged past compliance failures but emphasized that US customers represented a small fraction of their user base. The exchange aims to set a global compliance benchmark, stating that its current compliance controls are among the industry’s best.
about OKX Aims for Regulatory Compliance Leadership After Major Settlement with US AuthoritiesOKX Faces Heavy Fines in US While Expanding in Europe and Asia
OKX’s operator has been fined $505 million for running an unlicensed money transfer business in the US, admitting to facilitating over $5 billion in dubious transactions. Despite these legal challenges, the exchange is expanding in Europe with a MiCA license and strengthening ties in Singapore, aiming to balance global ambitions with regulatory compliance.
about OKX Faces Heavy Fines in US While Expanding in Europe and AsiaOKX Pleads Guilty and Pays 505 Million in DOJ Settlement
Aux Cayes FinTech Co. Ltd, operator of the cryptocurrency exchange OKX, has pleaded guilty to running an unlicensed money-transmitting business, resulting in over $505 million in penalties to settle U.S. Department of Justice charges. The company acknowledged past compliance gaps that allowed a small percentage of U.S. customers to trade on its platform, but stated there were no allegations of customer harm and no charges against employees. OKX plans to hire a compliance consultant to enhance its regulatory framework, aiming to set a high standard for global compliance.
about OKX Pleads Guilty and Pays 505 Million in DOJ SettlementOKX Pleads Guilty and Pays 500 Million for Violating US Laws
OKX’s Aux Cayes FinTech Co. Ltd has pleaded guilty to illegally serving U.S. customers without a money transmitter license, resulting in over $500 million in penalties. The firm will forfeit $420.3 million in fees earned from U.S. customers and pay an $84.4 million criminal fine. Officials highlighted that OKX facilitated illicit transactions and encouraged customers to provide false information to bypass legal requirements.
about OKX Pleads Guilty and Pays 500 Million for Violating US LawsBybit Launches API to Combat Cryptocurrency Fraud and Enhance Security
Bybit has launched a new API to share a blacklist of suspicious wallet addresses, aiding ethical security experts in recovering compromised funds following a major crypto heist. This initiative, supported by industry collaboration, offers a 10% bounty for successful interceptions and will be continuously updated. The exchange is also developing a HackBounty platform to further enhance security across the crypto landscape.
about Bybit Launches API to Combat Cryptocurrency Fraud and Enhance Security