MARKET PULSE AM APRIL 25, 2025 [WATCH]

25-04-2025

KUALA LUMPUR: News on the latest moves on the stock and crypto markets.
Bursa Malaysia's 30-stock index opened higher today, taking its cue from Wall Street's positive overnight performance.
The overnight performance was buoyed by encouraging corporate earnings, especially from Google's parent company, Alphabet Inc, which came in higher than expected.
The benchmark FBM KLCI is expected to trend within the 1,500 to 1,515 range today.
In the cryptocurrency market, Bitcoin climbed higher to RM410,016.
Ethereum showed a positive trend, rising to RM7,758, while Solana traded at RM667.
That's it for Market Pulse.

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KuCoin Ventures Announces Strategic Investment in Stable

Malaysian Reserve

3 hours ago

Malaysian Reserve

KuCoin Ventures Announces Strategic Investment in Stable

PROVIDENCIALES, Turks and Caicos Islands, July 31, 2025 /CNW/ — KuCoin Ventures, the investment arm of leading global cryptocurrency exchange KuCoin, has announced a strategic investment in Stable, the world's first high-throughput Layer1 blockchain powered by USDT, dedicated to serving as the infrastructure for stablecoin asset issuance and settlement while advancing the development of a global stablecoin clearing and settlement network. Stable draws support from the teams at Tether and Bitfinex, with Bitfinex's Chief Technology Officer, Paolo Ardoino, acting as a project advisor. This funding round featured joint participation from KuCoin Ventures and Paolo Ardoino, along with other investors including Bitfinex, Hack VC, Franklin Templeton etc. This diverse group—spanning crypto-native capital and established traditional finance players—underscores a strong market consensus on the need to evolve stablecoin infrastructure. Positioned specifically for stablecoin payment use cases, this Layer1 blockchain targets three key challenges in current on-chain stablecoin applications: fluctuating fee structures, slow confirmation times, and complex user interactions. In contrast to public blockchains like Ethereum or Tron, Stable adopts a 'built-for-stablecoins' approach in its architecture and user experience, aiming to transform how stablecoins are technically supported through its dedicated Stablechain network. At the heart of Stable's innovations are: USDT as Native Gas: Stable uses USDT as the native gas token. Users do not need to hold any platform tokens to initiate transactions, and peer-to-peer USDT transfers are gas-free, greatly simplifying the user experience; High-performance architecture: Built on the StableBFT consensus (based on Cosmos' CometBFT) and soon integrating a DAG architecture, Stable offers high throughput and near-instant confirmation times; Enterprise-grade security & scalability: Businesses can apply for dedicated block space, enabling predictable transaction speeds and fees, making it ideal for enterprise-level payment needs. This investment marks a continued expansion of KuCoin Ventures' strategy in supporting next-generation payment infrastructure and the stablecoin economy. Cass Tsai, the head of KuCoin Ventures, commented: 'We firmly believe in the long-term potential of stablecoins in global payment ecosystems. Stable, as a high-performance blockchain tailored for USDT, provides a clear path forward for scalable stablecoin circulation, settlement, and cross-border use cases. We look forward to working with the Stable team to advance the development of a global stablecoin clearing and settlement network, and to support the industry's next growth chapter.' Joshua Harding, Co-founder and CEO of Stable, said: 'Payments infrastructure around the world needs an overhaul, and traditional methods have failed to achieve fast, reliable, and secure digital payments despite massive demand from consumers across the globe. Stable was developed to take advantage of the potential behind stablecoins like USDT to offer instant and seamless payments, directly addressing problems with current payment rails. The support we have received from major investors in both crypto and traditional finance shows that they share our vision, one that we are incredibly excited to work alongside them to make a reality.' About KuCoin Ventures The leading investment arm of KuCoin Exchange, KuCoin Ventures, is committed to investing in the most disruptive crypto and blockchain projects shaping the Web3 era. About Stable Stable is the first Stablechain—a dedicated payments Layer 1 where stablecoins like USDT are used natively for gas and settlement.

Avillion's auditor flags going concern uncertainty

The Star

6 hours ago

The Star

Avillion's auditor flags going concern uncertainty

PETALING JAYA: Avillion Bhd has announced that its external auditor has flagged uncertainty over the hotel operator's ability to continue as a going concern in its audited financial statements for the year ended March 31, 2025 (FY25). In a filing with Bursa Malaysia, Avillion said auditor, Baker Tilly Monteiro Heng PLT, had highlighted that it had incurred a net loss of RM8.84mil and RM20.63mil in FY25 and recorded negative cash and cash equivalents of RM17.17mil and RM8.96mil respectively. This it said indicated the existence of a material uncertainty which may cast significant doubt about the group's and the company's ability to continue as a going concern. 'Our opinion is not modified in respect of this matter,' said Baker Tilly.

New Straits Times

8 hours ago

New Straits Times

MARKET PULSE PM JULY 31, 2025 [WATCH]

KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia closed lower today, mirroring the cautious tone on Wall Street as investors awaited clarity ahead of the US trade tariff negotiations deadline. Market sentiment remains fragile amid uncertainty over President Donald Trump's trade policy announcement, expected today or tomorrow. However, the Bursa Malaysia Technology Index rebounded after three days of losses, lifted by investor optimism following Prime Minister Anwar's presentation of the 13th Malaysia Plan. The ringgit slipped against the US dollar to 4.2600. In the crypto market, Bitcoin rose to RM502,999. Ethereum climbed to RM16,399, while Solana was up at RM771. That wraps up today's Market Pulse. HH2bxk81zSs