23m ago
Wintermute wins U.S. broker-dealer registration, sets sights on tokenized equities
Wintermute said it has obtained U.S. broker-dealer status, placing it under SEC oversight and requiring compliance with FINRA rules on capital, supervision, recordkeeping and trading conduct. The firm has previously appeared as a trading counterparty in SEC filings for Fidelity’s Bitcoin and Ether products. Wintermute also said its global average daily trading volume exceeds $10 billion. In September 2025, the company sought guidance from the SEC on requirements for proprietary trading, self-custody and on-chain settlement of tokenized securities.
23m ago
1h ago
Sharon AI says its ASX IPO prospectus is ready for release
Australian artificial intelligence infrastructure startup Sharon AI says its plan to list on the ASX is ready to proceed, with a prospectus set to be released soon. The company previously completed a $US1.6 billion private placement, but a key investor, hedge fund Situational Awareness, sold most of its stake after margin calls to repay creditors. The IPO’s progress and the shareholder change could affect market expectations for its valuation.
1h ago
2h ago
Tesla outlines $16.8B Terafab plan as TSLA heads for first weekly gain in four weeks
Tesla CEO Elon Musk laid out a first-phase plan for Terafab requiring $16.8 billion in investment, spanning more than 100 million square feet and creating at least 3,000 jobs. He said roughly 25% of the project’s AI compute would go to Optimus, with about 75% allocated to AI spacecraft. After the details were shared, Tesla shares fell 1% on Thursday to $319.53, though the stock is up 3% this week and may snap a three-week losing streak.
2h ago
2h ago
Indian sugar mills to start crushing 10–15 days early as retail prices hit ₹50 per kg
India’s retail sugar price has climbed to a record ₹50 per kg, nearly 9% higher than a year ago. To ensure adequate supply for the festive season, sugar mills plan to begin crushing 10–15 days earlier than usual. Traders estimate closing stocks at around 3.5 million tonnes, but if October consumption reaches 2.4 million tonnes, end-October inventories could drop to 1.1 million tonnes, underscoring tight supply.
2h ago
2h ago
Topix revamp could remove more than 600 companies under new eligibility rules starting in October
Japan’s Topix stock index is set for its biggest overhaul, with analysts estimating that more than 600 companies—over a third of its constituents—could be phased out. The removals would apply to firms whose free-float market capitalization ranks in the bottom 3% of Tokyo Stock Exchange-listed companies in August, according to analysts’ estimates. The changes are scheduled to be implemented in stages over two years beginning in October. Passive funds tracking Topix are estimated to account for about $1 trillion, and the overhaul aims to reduce the index’s exposure to small and illiquid stocks.
2h ago