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As Binance, RedotPay Clash Over Fate Of Singapore Lawsuit (Cointelegraph) over a $473 million legal dispute, RedotPay says it expects Binance to end its Singapore case, while Binance says its claims remain active…the CFTC cracks down on another crypto fraud CFTC Charges Goliath Ventures Inc. And CEO With $400 Million Fraud Scheme (CFTC) / Goliath Ventures, Founder Sued By US SEC Over Crypto Ponzi Scheme (MLex) / Goliath Ventures Hit By SEC, CFTC In $425M Crypto Case (Crypto News).
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Mega broker loses on crypto EToro Reports Second Quarter Crypto Loss Even As Total Profit Beats Estimates (CoinDesk), as hype of the day is Crypto.com Launches The Future Of Trading With Tokenized Stocks (PR Newswire).
Meanwhile, Jeff Yew, a Malaysian motorsport enthusiast who previously headed Binance Australia, is considering establishing a tech campus at Forest City, the US$100 billion (S$128 billion) development on the border of Malaysia and Singapore, following the Abrupt Collapse Of Balaji Srinivasan’s Network School: / Crypto Boss Eyes Second Act For Malaysia’s $100 Billion City (Straits Times).
Where legacy cash goes, crypto will also be under regulation in ZA as South Africa Plans Exchange Controls For Offshore Crypto, Stablecoin Flows (Ledger Insights).
The ongoing pressure for cost reduction continues to afflict the crypto biz as Bitwise Cuts 14% Of Jobs With Crypto Industry Under Pressure (Bloomberg).
The Standard HK reports Hong Kong-Born Crypto Investor Found Dead In Paraguay After Falling From Height.
Barron’s notes that The SEC Isn’t Waiting For The Clarity Act. Why You Should Brace For New Crypto Rules, whereas CoinDesk contrasts If Crypto Goes Back To The Congressional Drawing Board, 3 Democrat Women Loom Large …but then again the bill needs 9 or 10 votes to emerge to get it passed, presuming time can be found to vote, of course. The distrust of the ladies in question relating to crypto is one thing - their antipathy (to put it mildly) towards President Trump bodes ill.
Finally from down under, ASIC Warns Against Yepbit And Yepbit Exchange (ASIC) / ASIC Shuts Crypto Exchange Yepbit Websites After Investors Report Blocked Withdrawals (Crypto News).
From our sister publication, EI Weekend:
Exberry Sponsored Segment
Exchange Invest Weekly Podcast
JPX Stun,
Tanzania Soars,
Tadawul Stumbles,
ICE M&A As Expected,
RMB Bond Launch.
AFM Trends Day
Launched at AFM in Taipei, the first AFM Trends Day is coming to Malta on November 13th — watch the launch here.
As AFM members, we agreed last year to expand the recent AFM Tech Days into a broader format. Thus, AFM Trends Day launches this November in the magnificent historic city of Valletta, Malta.
A key theme is simple: how do emerging markets emerge?
Malta is the proof point. In 1970, Malta’s GDP per capita was around $828. Today, World Bank data puts it at $47,906.9 — higher than South Korea and a whisker behind France ($46,103). That is not merely growth. A small jurisdiction has become a high-income European economy and a serious international platform. In the post-war era, it was a net exporter of human capital to Australia, the UK, and elsewhere.
That is why AFM Trends Day will focus on the trends that matter: market structure, clearing resilience, technology, digital assets, sustainability-linked products and the practical choices that build credible markets.
See you in Valletta on November 13th… registration now open.
Finance Book of the Week
“The House Of Saud: A Comprehensive Biography Of A Wealthy Arabian Family” by Ben White tells the story of the House of Saud’s founding, its pivotal role in the unification of the Arabian Peninsula, and its establishment of the Kingdom of Saudi Arabia in 1932. As the world’s largest oil producer, the family’s discovery of oil through the historic ARAMCO deal transformed not only Saudi Arabia’s economy but also the global energy landscape.
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the Week will be unveiled Saturday in the EI Weekend Edition.
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