CME Group temporarily halted trading across key futures markets after a cooling-system failure at a CyrusOne data center knocked out its Globex platform. The outage briefly froze price discovery in U.S. Treasuries, equity-index, energy and FX futures during a thin post‑Thanksgiving session, highlighting the systemic reliance on a handful of infrastructure hubs. CME said technical teams restored service under contingency protocols and will provide further details on safeguards and pre‑open procedures. The incident is likely to draw regulatory scrutiny on redundancy and failover readiness at systemically important venues.
Source: MarketWatch
Visa expands stablecoin settlement in Europe, Middle East and Africa
Visa is integrating approved stablecoins like USDC into its core settlement rails across Central & Eastern Europe, the Middle East and Africa via a partnership with crypto infrastructure firm Aquanow. By leveraging onchain, 24/7 value transfer, Visa aims to reduce costs and friction in cross‑border settlement for banks and payment firms while operating within existing compliance frameworks. The move underscores how stablecoins are shifting from trading tools to back‑end financial plumbing. It follows similar institutional initiatives in Europe to embed fiat‑referenced tokens into market infrastructure.
Source: FinanceFeeds
Ripple’s RLUSD stablecoin wins regulatory nod in Abu Dhabi’s ADGM
Ripple USD (RLUSD) has been recognized as an Accepted Fiat‑Referenced Token by Abu Dhabi Global Market’s FSRA, allowing licensed institutions in ADGM to use it for regulated activities such as settlement, lending and collateral. Issued under a NYDFS trust charter and fully backed by high‑quality liquid USD assets, RLUSD is positioning for institutional adoption across the Middle East. The approval adds to Ripple’s recent regional momentum and provides a clear, compliant pathway for stablecoin‑enabled payments and treasury operations.
Source: FinanceFeeds
Bank of America and ICBC to hold higher systemic capital buffers
Global regulators have designated Bank of America and Industrial and Commercial Bank of China for higher systemic capital surcharges, reflecting their scale and interconnected risk. The move raises loss‑absorbing capacity requirements, potentially affecting dividend policy, funding costs and balance‑sheet flexibility. It comes amid broader efforts to finalize and align post‑crisis capital rules as market conditions remain volatile.
Source: Seeking Alpha
Morgan Stanley fined €101M in the Netherlands over dividend tax trades
Dutch prosecutors levied a €101 million penalty on Morgan Stanley entities in London and Amsterdam tied to dividend arbitrage practices. The fine, separate from an earlier tax settlement, caps a years‑long investigation into “cum‑cum” transactions that European authorities say facilitated improper tax reclaims. The bank is also under a FINRA review in the U.S. covering client screening and anti‑money‑laundering controls across wealth and institutional units.
Source: Financial Post
Eli Lilly tops $1 trillion market cap as obesity and diabetes drugs fuel surge
Eli Lilly shares jumped roughly 30% in November, briefly pushing its valuation above $1 trillion—the first pharma company to hit that milestone. Blockbuster demand for Mounjaro and Zepbound drove a revenue beat and raised guidance, intensifying investor optimism on sustained GLP‑1 category growth. While momentum is strong, technicals suggest the rally may be extended, setting up for potential consolidation after an exceptional month.
Source: FinanceFeeds
Upbit suffers $37M Solana hot-wallet breach; exchange pledges full reimbursement
South Korea’s largest crypto exchange, Upbit, reported a breach of its Solana hot wallet with losses near $37 million, prompting a suspension of SOL deposits and withdrawals while assets were moved to cold storage. The incident—six years to the day after Upbit’s 2019 hack—reignites security concerns around hot‑wallet exposure amid heightened onchain activity. Upbit said it will cover customer losses from its reserves and is coordinating with forensics firms and counterparties to trace funds.
Source: FinanceFeeds
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