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Euro Stoxx 50 futures fell 0.8%, German DAX futures fell 0.7%, and UK FTSE futures fell 0.8%.South Korean customs officials estimate the trade surplus for July 1-20 at $12.2 billion, with exports up 52.3% and imports up 20.0% year-on-year.The Canadian Prime Minister issued a statement regarding the proposed tariffs imposed by the United States.Artificial Intelligence: 1. Qianwen releases its large-scale speech synthesis model, Qwen-Audio-3.0-TTS. 2. Chris Fall, head of the Trump administrations AI security agency, resigns. 3. The 2026 World Artificial Intelligence Conference concludes, with expected intended procurement amounts exceeding 20 billion yuan. 4. Bezos-backed AI startup CuspAI will explore new materials for chip manufacturing. 5. AMD launches its first rack-mount system, Helios, with Microsoft becoming a customer. 6. Google is developing the "Frozen V2" chip, aiming to significantly improve the efficiency of its Gemini AI model. 7. BlackRock leads at least $12 billion in debt financing to support Metas large-scale data center project in Texas. Other: 1. A US federal judge halts the merger between Paramount and Warner Bros. 2. Boeing says its next-generation jetliner may be available by the end of the next decade. 3. Ministry of Industry and Information Technology: my countrys integrated circuit exports increased by 88.7% year-on-year in the first half of the year. 4. Sumitomo Mitsui Aviation Capital orders 100 Boeing 737 MAX aircraft. July 21 – According to Nikkei, Sumitomo Chemical plans to begin mass production of a new solid-state battery electrolyte material for electric vehicles as early as fiscal year 2028; this move is expected to reduce costs without sacrificing performance. This new electrolyte uses a halide system, with chlorine and other elements as its main components, and is expected to become an alternative to sulfide and oxide electrolyte materials. The material was jointly developed by Sumitomo Chemical, Kyoto University, and Tottori University.

Crypto Exchange FTX’s US Arm Set To Introduce Stock Trading

Jimmy Khan

May 20, 2022 09:29

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This will be a first in the cryptocurrency market, since no other cryptocurrency exchange has ever directly traded US stocks.


FTX cryptocurrency exchange, unveiled its newest initiative in a press release today, which is unprecedented ground for its rivals.


FTX.US, the crypto exchange's US subsidiary, will be the first to implement the functionality, which will bring regulated stock trading to its site.

Crypto X Stocks

Combining bitcoin with stock trading is not a new concept; Binance pioneered it in its own distinctive manner last year.


Binance provided crypto assets that were related to the value of shares of companies like Tesla, Apple, and Coinbase, rather than simply putting US equities onto the exchange.


Binance, however, discontinued providing this service to investors after being pressured by regulatory agencies from all across the globe.


FTX, unlike Binance, will not sell crypto tokens that monitor stock values; instead, it will offer regulated US shares directly.


FTX Capital Markets, as an associated broker-dealer registered with the SEC and a member of FINRA/SIPC, shall provide these services.


Brett Harrison, president of FTX US, said of the launch,


"Our objective is to provide our clients with a comprehensive investment solution across all asset classes." We have established a single integrated platform for retail investors to trade crypto, NFTs, and conventional stock offerings via a clear and straightforward user interface with the introduction of FTX Stocks."


Stock trading on the exchange is expected to be accessible within the next several months, with no commission costs.


FTX US will also let its customers to fund their accounts using the stablecoin USD Coin (USDC),


This will be a significant chance for the exchange to establish itself as a major participant in the crypto and even stock trading markets.

On the Charts: FTT

While the exchange is progressing in its own right, the performance of its native token, FTT, has been less than stellar in recent days.


FTT recovered 10.46 percent after falling 25.27 percent during the week-long meltdown on May 5, but the gain was nullified yesterday as the price plunged 7.63 percent.


As a consequence, despite numerous tries, FTT has been unable to break out of the negative zone it has been locked in since the first week of April, nor has it been able to signal a bullish crossing at the same time.

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