News

According to BBX, yesterday global listed companies sent out the most strikingly opposite real signals regarding their crypto asset strategies. Without vague narratives, the market is reshaping capital flows with real financial reports and resolutions: — Sorting the real from the fake: Fisco Ltd. (TSE: 3807) has completely halted all FSCC-related business, exposing the blockchain bubble fueled by traditional enterprises jumping on the bandwagon. — Turning point for profitability: Hyperion DeFi, Inc. (NASDAQ: HYPD) established compliant profitability in the US DeFi sector with a Q1 net profit of $8.84 million. — Bottom accumulation: Jupiter Litterbox Trust continued its buying spree by acquiring another 386,428 JUP yesterday (worth about $85,000), reinforcing the foundational defense of ecosystem-level tokens. The market is clearly showing a dual trend of “traditional pseudo-concept stocks accelerating their exit” and “hardcore DeFi entities delivering explosive profits.” Source: bbx.com

Odaily reports that Moscow Exchange is negotiating with brokers to launch a cryptocurrency trading model. Experts anticipate that cryptocurrency trading in Russia will be similar to other exchange tools, but trading hours will be extended to round-the-clock. Currently, Moscow Exchange is exploring whether to adopt a 24/7 model, and the final decision depends on the clearing mechanism. Additionally, Moscow Exchange is testing cryptocurrency deposit and withdrawal functions and has invited some brokers to participate in testing. In the future, users will not be able to register crypto wallets directly on the exchange; instead, they will need to operate through brokers’ digital custody accounts. Moscow Exchange's news department stated that the platform is actively developing solutions to serve the cryptocurrency market.

Glonghui, May 15 — A jury in Texas on Wednesday ruled that ExxonMobil is not liable for allegedly defrauding investors through disclosures related to its Canadian oil sands and Rocky Mountain natural gas businesses. The 2016 lawsuit accused ExxonMobil of concealing the fact that its Canadian bitumen operations were losing money, failing to properly include carbon cost assumptions in reserve valuations, and delaying the recognition of impairment charges associated with its Rocky Mountain dry gas assets.According to the verdict filed in the Dallas federal court, investors who purchased ExxonMobil common stock between February 24, 2016, and October 28, 2016, failed to prove that the company had misled them. Investors claimed they bought ExxonMobil shares at artificially inflated prices because the company hid important information about reserve valuations and accounting practices.