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Tiger International Clarification: Allegations of "Non-cooperation with Regulation" or "Confrontation with Regulation" Are Completely Untrue

54 minutes ago

May 23 – Tiger Brokers has released a statement addressing recent rumors accusing the firm of refusing to cooperate with regulators or defying regulatory orders, clarifying these claims are completely false. Tiger Brokers emphasized that compliance is the core foundation of its business. In response to the latest regulatory requirements from relevant authorities, the company will strictly follow guidance from the China Securities Regulatory Commission (CSRC) and other regulators to carry out rectification work. Since 2023, Tiger Brokers has fully stopped onboarding new users from mainland China and marketing to that region. As of the end of the first quarter of 2026, assets held by mainland clients account for roughly 10% of the company’s total client assets. Meanwhile, the firm’s overseas market clients and their assets have seen steady growth. Tiger Brokers added that it will continue advancing compliance work steadily to safeguard client asset security. Separately, regarding the CSRC’s recent announcement cracking down on illegal cross-border securities and futures fund management activities and related penalties, Wang Shan, chief operating officer of Tiger Brokers (Hong Kong) Global Limited, stated the company is aware of the CSRC notice. The firm stressed the notice does not directly apply to its Hong Kong-based entity. Tiger Brokers’ Hong Kong unit holds a license from the Hong Kong Securities and Futures Commission (SFC), operates independently, and is regulated as a licensed corporation by the SFC.
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Whale Oracle Turns $20 Million BTC Short Loss into Profit, Hype Short Still $18.6 Million in the Red

On May 23, per monitoring from HyperInsight (@HyperInsight), on-chain whale loracle.hl (@loraclexyz) successfully flipped its $20 million 20x short position in Bitcoin (BTC) from a loss to profit. The position was entered at $75,029.5, generating an approximate floating profit of $170,000. Separately, the trader’s $100 million short position in HYPE remains underwater, with an entry price of $45.2562 and a current floating loss of $18.6 million.

30 minutes ago

Cryptocurrency Market Experiences Sharp Decline, Bitcoin Falls to $74,500, Ethereum Tests $2,007

On May 23rd, data from the HTX exchange shows the crypto market has seen a sharp short-term pullback. Bitcoin dropped below $75,000 to a low of $74,500, posting a 3.7% decrease over the past 24 hours. Ethereum slumped to a low of $2,007 and is currently trading at $2,026, marking a 4.8% decline in the same 24-hour period. Coinglass figures indicate that total liquidated positions across the entire crypto network surged to $377 million in the last hour.

30 minutes ago

Bitcoin Falls Below $75,000, 24-hour Loss of 3.1%

On May 23rd, Bitcoin slipped below the $75,000 mark, per HTX’s market data, notching a 3.1% decrease in value over the preceding 24 hours.

30 minutes ago

The SPCX position on trade.xyz has increased by approximately 37% in the last 24 hours, currently standing at around $45.34 million.

May 23 Update: On trade.xyz’s Pre-IPO segment, SpaceX (ticker: SPCX) recorded $21.64 million in 24-hour trading volume, with a reported market capitalization of $45.34 million. Trading volume has risen roughly 37% over the past day. SPCX’s current price stands at $199.55, translating to an implied valuation of $2.37 trillion. When SPCX launched trading, its opening price was $150. Based on a fully diluted share count of 11.87 billion, its initial reference market cap came to $1.78 trillion.

30 minutes ago

GMT Soars Nearly 30% in Two Hours, Open Interest Surges to Over $30 Million

On May 23, HTX market data shows GMT saw a short-term surge, breaking above $0.0139 and logging a nearly 30% gain over just two hours. According to Coinglass data, GMT futures open interest has surged 131% in the past four hours — a development that typically signals continued significant price volatility. Current open interest for the contracts stands at $31.22 million.

30 minutes ago

The European Central Bank Refuses to Ease Regulation on Euro Stablecoins Due to Concerns Over Increased Funding Costs and Disruption of Interest Rate Control

On May 23, the European Central Bank (ECB) nixed a proposal to ease rules on Euro-denominated stablecoins, warning such changes would pose too big a risk to financial stability and monetary policy transmission. At an informal meeting of EU finance ministers in Nicosia, Cyprus, the think tank Bruegel suggested slashing liquidity requirements for stablecoin issuers and letting them tap ECB funding when needed—moves aimed at curbing the dominance of U.S. dollar-backed stablecoins and staving off "digital dollarization." But officials including ECB President Christine Lagarde pushed back hard, arguing stablecoins would erode bank deposits, drive up banks’ funding costs, reduce their lending capacity, and derail interest rate control. While some finance ministers leaned ambivalent on the plan, several central bank officials raised red flags about the ECB acting as a "lender of last resort" for stablecoin issuers. Right now, the EU enforces strict stablecoin regulations under the MiCAR frame

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