SEC

Ethereum surges 30% as SEC crypto rules spark record short squeeze

Ethereum surged roughly 30% this week, climbing from below $1,920 to above $2,400 after bearish sentiment fell to a three-month low on August 17, just two days before a record-breaking short squeeze ripped through the crypto market.

Banks use exotic ‘crash puts’ to shed leveraged ETF risk

Banks are turning to obscure derivatives known as "crash puts" to shed exposure accumulated from the explosive growth of leveraged exchange-traded funds, according to a report by Bloomberg. The instruments, which pay out in the event of an extreme market…

SEC clears legal hurdle for UBS crisis-resolution plan

The U.S. Securities and Exchange Commission on Wednesday told UBS Group it would not take enforcement action if the Swiss bank converts certain debt securities into equity without registering the offering, removing a key legal obstacle to the lender's crisis-resolution…

China’s CSRC monitors US insider trading probe tied to Futu, Tiger Brokers

China's securities watchdog said Monday it was monitoring developments in a US lawsuit alleging that unidentified traders reaped more than $100 million in profits from options bets placed ahead of Beijing's May crackdown on cross-border brokerages Futu Holdings and Up…

Anthropic confidentially files for IPO after $965B valuation

Anthropic announced Monday that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission, taking its first formal step toward a potential initial public offering of its common stock. The filing positions…