Brazil is pushing to enter China’s onshore bond market, but the plan will depend on whether corporate Brazil follows suit, according to Bloomberg. The effort is intended to expand access to the Panda bond market, a move that will test China’s appeal for Brazilian companies.

Bonds sold by hyperscalers to fund their artificial intelligence ambitions are weighing on investor portfolios from London to Tokyo, according to Bloomberg. The pressure reflects renewed concern over the debt burden tied to AI spending by the large cloud and technology groups.

Two men associated with the Scattered Spider hacking group were sentenced to five years and six months in prison by the United Kingdom National Crime Agency and City of London Police. The pair pleaded guilty during their first court appearance at Woolwich Crown Court on June 22 and were sentenced on Thursday, according to a press release from the NCA. According to Cointelegraph, British authorities said the two were part of the Scattered Spider cybercrime group, which investigators have linked to high-profile ransomware and cryptocurrency extortion attacks targeting companies in the UK and the US. The group was linked to the infiltration of London’s public transport network in September 2024, which led to reported losses and recovery costs of 29 million British pounds ($38.9 million). US prosecutors also linked Scattered Spider to collecting $115 million in crypto ransom payments from at least 47 US companies, according to a September press release from the Department of Justice (DOJ). The group was accused of breaching Caesars Entertainment and stealing a large customer database in September 2023, which prompted the company to pay a $15 million ransom in Bitcoin (BTC). US prosecutors said the attacks disrupted businesses and organizations nationwide, including critical infrastructure and the federal court system. In July 2024, the FBI seized about $36 million worth of cryptocurrency from Scattered Spider-linked wallets, according to the DOJ’s September release. The DOJ said investigators connected the group to at least 120 computer network intrusions and that the FBI traced and seized digital assets tied to wallets allegedly controlled by members of the group as part of its investigation. Matthew Galeotti, then acting assistant attorney general of the Justice Department’s Criminal Division, said the attacks caused widespread disruption to US businesses and organizations, including critical infrastructure and the federal court system, and highlighted the significant and growing threat posed by brazen cybercriminals.

Ju Teng International Holdings (3336) issued a profit warning, expecting a shareholder loss of about HK$750 million to HK$850 million for the first half ended June 30, compared with a loss of HK$79 million in the same period last year, according to Ming Pao reported.

Morgan Stanley said Hong Kong stocks will face new-share lockup expiries in July and September this year, but described the issue as a short-term liquidity event with limited impact on the broader index, according to Ming Pao. The firm reiterated that it remains a good time to rebuild positions in Hong Kong equities, while flagging 32 stocks that it said would be more heavily affected by the unlocks and advising investors to avoid them in the near term.

Xinyi Energy Holdings (3868) said it expects first-half net profit for the six months ended June 30 to fall 25% to 35% year on year, according to Ming Pao reported. The company said the decline was due to power curtailment losses caused by grid absorption limits in some provinces, which reduced on-grid power generation, especially for subsidised projects. It also cited lower electricity market prices after the implementation of new mainland power pricing policies that increased the volume of market-based trading. In addition, after selling a 51% stake in Xinyi Solar (Tianjin) in December last year, the unit is no longer a wholly owned subsidiary and has become an associate company.

Over the past year, BTC has fallen by 46.12%, but Bitcoin mining stocks have not declined in tandem.

House of all fInance: A financial home that connects all asset classes globally, operates 24/7, and is open to any institution and individual.

Three men in the United Kingdom have been caught and jailed after posing as police officers to trick cryptocurrency holders into handing over roughly $5.4 million in digital assets.

Over the past 18 months, Stripe has made a series of seemingly disparate but ultimately convergent strategic moves: Bridge, Privy, Tempo, OUSD, and PayPal.

Three men were jailed in the UK for using fake police websites to steal more than £4 million ($5.4 million) in cryptocurrency from eight victims. Police traced the stolen funds, recovered around £1 million ($1.34 million) and exposed the gang's luxury spending.

A battle between bulls and bears, spearheaded by Michael Burry, is unfolding in the Hong Kong stock market, with bullish sentiment continuing to grow.

Former Coinbase chief technology officer Balaji Srinivasan has put a planned $122 million expansion of his Network School project on hold, warning that the tech community could leave Malaysia altogether after authorities launched an investigation into its operations.

Why did Multicoin invest in Trasia? Can it challenge Trade.xyz and become a new player in the HIP-3 market?

Human hearts are not mining machines, and social interactions are not mining. If you use the wrong fuel, the higher you fly, the more shattered you will be.

Jesse Pollak acknowledged that Base's bets on the developer side were correct, but its strategy around social, creator, and content tokens was a complete failure, causing Base to lag behind in areas such as perpetual contracts, prediction markets, tokenization, and enterprise payments.