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EU is “working non-stop” to strike an agreement with the US – von der Leyen

EU is “working non-stop” to strike an agreement with the US – von der Leyen

July 10, 2025 9:23 am |

“We are working non-stop to find an initial agreement with the US to keep tariffs as low as possible and to provide the stability that businesses need.”

That before acknowledging that “the relationship with the US may not return to what it was”. However, she reaffirmed that the EU will do what is necessary to strengthen and diversify its global trade ties. As a reminder, the two sides are due to strike some form of makeshift deal in the days ahead. However, this is one that will just keep the status quo for the most part as negotiations are likely to extend beyond 1 August.

This article was written by Justin Low at www.forexlive.com.

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Daiwa estimates Trump’s proposed 25% tariffs could reduce Japan’s real GDP by 1.1%

Daiwa estimates Trump’s proposed 25% tariffs could reduce Japan’s real GDP by 1.1%

July 10, 2025 8:28 am |

Daiwa Securities estimates that Trump’s proposed 25% reciprocal tariffs on Japanese goods could reduce Japan’s real GDP by 1.1% cumulatively.

  • Economists at the firm project real GDP growth of just 0.1%–0.2% for FY2025, a sharp slowdown from 0.8% growth in FY2024.

  • While the tariffs may not trigger a major shock, ongoing labour shortages could sustain inflationary pressures.

  • As a result, the Bank of Japan is likely to continue with its gradual interest rate hikes, rather than easing policy in response to slower growth.

Bank of Japan Governor Ueda

This article was written by Eamonn Sheridan at www.forexlive.com.

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New Zealand’s FMA Issues 110 Warnings in a Year as It Joins Global Anti-Fraud Alliance

New Zealand’s FMA Issues 110 Warnings in a Year as It Joins Global Anti-Fraud Alliance

July 10, 2025 8:09 am |

New
Zealand’s financial markets watchdog has joined a newly formed alliance aimed
at tackling the country’s growing scam problem, as regulators ramp up efforts
to protect investors from fraudulent schemes.

New Zealand Financial
Regulator Joins Anti-Scam Alliance

The
Financial Markets Authority (FMA) announced its participation in the New
Zealand Anti-Scam Alliance, a joint operational partnership that brings
together multiple agencies to coordinate responses to scam activity. The move
comes as the FMA reports issuing
110 new warnings about suspicious investment schemes in the 12 months
ending June 30, 2025.

Clare
Bolingford, the FMA’s Executive Director for Licensing and Conduct Supervision,
said the regulator views collaboration as essential in fighting scams. “Collaboration is a vital factor in the fight against scams. We look
forward to playing our part in the Alliance,” she said.

The FMA has
made disrupting scam activity one of its key regulatory priorities as it works
to maintain confidence in New Zealand’s financial markets. The regulator says
it wants to help “investors and consumers to make good decisions, know
their rights and know how to protect themselves.”

Meanwhile,
the regulator issued a warning about a new type of scam that
uses fake economic surveys to target victims before directing them to
fraudulent trading platforms, including those offering CFDs.

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A Response to Increased
Fraud Activity

The FMA
already works with other local and international regulators and cyber safety
agencies, including the National Cyber Security Centre, to share intelligence
and disrupt investment scams. Bolingford described the new alliance as “a
significant move forward in a co-ordinated New Zealand response to scams.”

Beyond
issuing warnings, the FMA has identified hundreds of websites that investors
should avoid and has taken action to disrupt these sites and their content. The
agency shares its warnings through its website, social media channels, and with
finance industry participants, as well as through the International Securities
& Commodities Alerts Network portal.

The
formation of the alliance reflects growing concern about scam activity
targeting New Zealand investors and consumers. While the FMA’s announcement
doesn’t specify which other agencies are part of the alliance, the regulator’s
emphasis on coordination suggests a broader government response to the problem.

Also this
week, New
Zealand announced plans to ban crypto ATMs and impose a NZ$5,000 cap on
international cash transfers in an effort to curb money laundering and related
scams.

This article was written by Damian Chmiel at www.financemagnates.com.

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Prop Trading Firm Hola Prime Launches Futures Offering, Adds MetaTrader 4

Prop Trading Firm Hola Prime Launches Futures Offering, Adds MetaTrader 4

July 10, 2025 8:02 am |

Hola Prime
launched a futures trading division that promises to process withdrawals within
one hour, a timeframe the company claims is unprecedented in the proprietary
trading industry.

The firm
also added MetaTrader 4 integration to its existing forex services, bringing
its total platform offerings to five different trading interfaces, including
MetaTrader 5.

Hola Prime Launches 1-Hour
Withdrawal Service for Futures

Hola Prime
Futures allows traders to access up to $150,000 in funding through either a
single evaluation challenge or direct account access. The service eliminates
daily loss limits and what the company describes as complex rule structures
common among competitors.

“Futures
prop trading has been shaped by legacy systems that serve firms more than
traders,” said Somesh Kapuria, CEO of Hola
Prime. “We’re rewriting that logic.”

The
one-hour withdrawal claim centers on what Hola Prime calls a “10-point
payout system” that automates approval processes. Most proprietary trading
firms typically require three to 14 days for withdrawal processing, according
to the company.

“Most
prop firms still operate on outdated withdrawal cycles – three days, five days,
even two weeks,” said Sumedha Sharma, CFO of Hola Prime. “But when a
trader qualifies, they’ve done the work.”

The futures
platform provides access to instruments on CME, COMEX, NYMEX, and CBOT
exchanges through three different trading interfaces: Project X, Quantower, and
R Trader Pro.

Related: Prop
Firm Hola Prime Names NBA Star Karl-Anthony Towns as First Sports Ambassador

CFD Prop Firms
Increasingly Turning to Futures

The surge
in popularity of prop trading firms in 2024 has significantly intensified
competition. To stand out in a crowded market, more firms have started
expanding their offerings to include futures trading. In November of last year,
FunderPro announced such a move, followed by For Traders in April,
which integrated Dxtrade to offer clients access to more than just CFDs.

Around the
same time, FXIFY introduced a new brand aimed at entering the regulated
instruments market, offering traders simulated capital of up to $450,000.

A few
months ago, FinanceMagnates.com exclusively reported that FundedNext is
returning to the U.S. after more than a year-long absence—this time through
futures. CFDs, however, remain unavailable to U.S.-based traders.

MT4 Joins the List of
Platforms

For forex CFD
trading, Hola Prime added MetaTrader 4 to complement its existing MetaTrader 5
platform. The company now offers five total platforms including CTrader, DX
Trade, and Match Trade for currency traders.

“MT4
is a global standard for a reason,” Kapuria said. “It’s reliable,
intuitive, and deeply compatible with the way traders operate.”

Hola Prime
offers direct access to MetaTrader platforms through a license held by its
parent company, Hola Prime Limited, in Mauritius. The license was issued by the
Financial Services Commission (license number: GB24203729).

A few
months ago, FinanceMagnates.com reported on Hola
Prime in relation to Trustpilot reviews. The prop firm had over 1,300
reviews, but after action was taken by the platform operator, only 49
remained—the vast majority were classified as “fake.”

This article was written by Damian Chmiel at www.financemagnates.com.

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Trump Opens Rift at Fed. Forecast as of 10.07.2025

Trump Opens Rift at Fed. Forecast as of 10.07.2025

July 10, 2025 7:56 am |

Every action has an equal and opposite reaction. Donald Trump’s criticism is forcing the Fed to counteract. However, there is a split within the US regulator, and this factor is extremely important for the US administration. Let’s discuss this topic and make a trading plan for the EURUSD pair. Major Takeaways Demand for hedging against potential US dollar declines has increased. Non-resident demand for Treasuries is high. The split within the Fed may help the US administration. Long positions on the EURUSD pair can be opened on a breakout of 1.1765. Weekly US Dollar Fundamental Forecast The Bank of England… Read full author’s opinion and review in blog of #LiteFinance

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Revolut Eyes $65B Valuation: Will It Step Up Its CFDs Push?

Revolut Eyes $65B Valuation: Will It Step Up Its CFDs Push?

July 10, 2025 7:50 am |

Revolut is seeking a $65 billion valuation in a new funding round, up from the $45 billion mark at which existing shareholders sold their stakes last year. In its most recent venture funding round in 2021, the company was valued at $33 billion.

Road to $150 Billion Valuation

As reported by the Financial Times, the British fintech is in discussions to raise about $1 billion through newly issued shares and sales of some existing holdings.

The US investment firm Greenoaks is reportedly leading the round, while Mubadala, the Abu Dhabi sovereign wealth fund, is also expected to take part. Revolut has not officially confirmed the funding details.

The talks come amid reports that Revolut CEO Nik Storonsky could receive a multibillion-dollar payout if the company reaches a $150 billion valuation.

Storonsky’s compensation package has drawn comparisons to Elon Musk’s deal with Tesla, which later faced criticism and legal scrutiny.

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A Large User Base to Support CFDs

Founded in 2015, Revolut has become one of Europe’s highest-valued fintech startups. It has raised funds from several major investors, including Mubadala, which bought shares during last year’s secondary sale. Meanwhile, Balderton Capital is expected to sell its stake in the upcoming round.

Revolut operates primarily through its mobile app and reported a pre-tax profit of $1.4 billion in 2024 on revenue of $4 billion. Its wealth division recorded the fastest growth, with revenue tripling to $647 million—mainly driven by crypto trading.

The company’s global customer base has now passed 52 million. “We’re making strong progress towards 100 million daily active customers across 100 countries,” Storonsky said previously.

Revolut entered the contracts for differences (CFDs) market last year, launching the service in three European countries. Although it planned to expand to more markets, those efforts have faced some delays.

Read more: CMC Connect Breaks Down CFDs Deal with Revolut

Retail CFD trading is a popular activity in certain markets and may present an additional revenue stream for Revolut. With its large user base, the company already has an audience for these products.

It now remains to be seen whether the push for a higher valuation will speed up the expansion of Revolut’s CFDs offerings.

Although Revolut operates across the European Union under a Lithuanian banking licence, it only received a UK licence last year and has yet to launch services under it. The company has also applied for a banking licence in New Zealand.

This article was written by Arnab Shome at www.financemagnates.com.

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Bitget Joins Robinhood and Kraken in Offering “Always-On” Stock Markets With Tokenized Wall Street Assets

Bitget Joins Robinhood and Kraken in Offering “Always-On” Stock Markets With Tokenized Wall Street Assets

July 10, 2025 7:22 am |

Cryptocurrency
exchanges are rapidly expanding into tokenized stock trading, with multiple
platforms launching blockchain-based equity offerings this week that allow
users to trade traditional stocks like Apple and Tesla around the clock.

Bitget and
Kraken both announced new tokenized stock capabilities on Wednesday, joining a
growing list of crypto platforms offering digital versions of U.S. equities to
users outside the United States.

Bitget Integrates xStocks
to Bring Wall Street to Web3

Bitget
integrated xStocks into its Onchain platform, enabling users to trade tokenized
versions of major companies including Tesla (TSLAx), Nvidia (NVDAx), Apple
(AAPLx), and the S&P 500 ETF (SPYx). The integration allows crypto users to
access these assets without traditional brokerage accounts.

“We’re
entering a new phase of market access, one where crypto, stocks, and
traditional finance don’t compete, they coexist and complement each
other,” said Gracy Chen, CEO at Bitget.

“With
tokenized equities on Onchain, we’re giving users the ability to move between
asset classes with the speed and flexibility of Web3, while still connecting to
the value of traditional markets. This is how we see CeDeFi evolving it’s an
easier alternative that has fewer blockades, and higher chances of adoption.”

Bitget
stresses three points that it says set the service apart: Firstly, trades clear
on-chain in seconds, cutting the two-day wait that traditional brokers still
require. Secondly, tokens trade 24 hours a day, five days a week, avoiding Wall
Street’s opening bell-to-closing bell limits. And thirdly, users pay blockchain
gas but no brokerage commission, and the tokens are freely transferable between
wallets.

Kraken Expand Tokenized
Stocks to BNB Chain

Meanwhile,
Kraken and tokenized asset issuer Backed Finance expanded their xStocks
offering to the BNB Chain, allowing the same tokenized equities to be issued as
BEP-20 tokens. The move enables users to deposit and withdraw these tokens
through BNB Chain in the coming weeks.

“This
is the beginning of an always-on equity market – one that is permissionless,
transparent, and built for the internet,” said Arjun Sethi, co-CEO of
Kraken.

Kraken
first announced its intention to
launch tokenized U.S. stocks in late May, with the official rollout taking
place at
the end of June. Around the same time, a similar product was introduced by
another major exchange, Bybit.

Trading Platforms Race to
Capture Market Share

The
announcements follow a wave of similar launches across the crypto industry. Robinhood
recently announced plans to offer tokenized stocks in Europe, while Gemini
has introduced trading with tokenized U.S. stocks through partnerships.
Coinbase is seeking regulatory approval to
bring tokenized stocks to U.S. customers.

The xStocks
Alliance, which includes over 60 equity and ETF tokens, has become a key
infrastructure provider for these offerings. BNB Chain’s addition to the
alliance expands the network of exchanges and decentralized finance protocols
supporting tokenized equity trading.

These
platforms are marketing several advantages over traditional stock trading,
including 24/5 trading hours, faster settlement times, and the ability to use
tokenized stocks as collateral in decentralized finance protocols. The tokens
can be moved across different blockchain networks and integrated with lending
and derivatives products.

Skeptics Question Added
Value Over Existing Products

However,
some industry observers question whether tokenized stocks offer meaningful
advantages over existing financial products. Critics
note that the tokens function similarly to contracts for difference (CFDs),
which European brokers have offered for years.

“It’s
wrapper,” wrote Anton Golub, Chief Business Officer at Dubai-based crypto
exchange Freedx, in a LinkedIn post. “It’s not real equity,” he
added, pointing out that buyers would own tokens tracking real stocks rather
than actual shares.

Liquidity
concerns also persist, particularly for
round-the-clock trading. While platforms promise 24/5 access, traditional
market makers cannot hedge positions during weekends, potentially leading to
wide spreads and limited liquidity during off-hours.

The
regulatory landscape remains complex, with most platforms offering tokenized
stocks only to non-U.S. users. European regulations allow broader access to
these products compared to U.S. securities laws, making Europe the primary
market for now.

Market Momentum Builds
Despite Challenges

Despite
skepticism, institutional interest in tokenized assets continues growing.
Market research suggests tokenization of real-world assets could expand from
approximately $0.6 trillion in 2025 to $18.9 trillion by 2033.

Major
financial institutions including BlackRock and JPMorgan have moved beyond pilot
programs to deploy blockchain-based products, while traditional brokers race to
capture market share in the emerging sector.

The
tokenized stock offerings remain limited to users outside the United States due
to regulatory restrictions, though Coinbase continues pushing for approval to
serve U.S. customers. Most platforms operate through offshore entities or
European licenses to provide these services.

This article was written by Damian Chmiel at www.financemagnates.com.

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