Latest news with #Webull
Yahoo
2 days ago
- Business
- Yahoo
FLOKI Lists on Webull Pay, Unlocking Access to 24M Users Amid Volatile Trading
FLOKI FLOKI traded in a wide $0.00005422 range over the past 24 hours, swinging from a high of $0.00009435 to a low of $0.00008913 before settling at $0.00008946, down 1.87%, according to CoinDesk Research's technical analysis model. The token's volatile session was marked by a sharp 4% rally during the U.S. morning hours, followed by aggressive profit-taking as resistance formed near the $0.00009400 level. Trading volume spiked to 95.85 billion tokens at the height of the rally — more than 56% above FLOKI's daily average — before declining steadily into the U.S. afternoon. FLOKI's price action coincided with a key milestone announced by the project earlier today. The team revealed that FLOKI has been listed on Webull Pay, a popular U.S. retail crypto trading platform operated by Webull, which boasts over 24 million users. According to the team, the listing significantly increases liquidity and expands access to millions of potential new holders, positioning FLOKI to advance its stated goal of becoming the most recognized and widely used cryptocurrency. Despite intraday weakness and a late-session fade, FLOKI remained above session lows. A failed recovery attempt around $0.00009016 confirmed that sellers continue to dominate at higher levels, but the token's ability to hold above $0.00008900 may suggest underlying support near this area as the market digests the implications of the Webull listing. Technical Analysis Highlights FLOKI showed sharp directional shifts around key psychological levels between $0.00008900 and $0.00009400. Early session gains unraveled quickly as volume dried up post-09:00 UTC rally. Selling pressure became dominant above $0.00009350 with repeated rejection. Final selloff broke below temporary intraday support at $0.00009000. Volume during pullback phases remained elevated, indicating distribution. Despite downside close, price avoided deeper breakdown below $0.00008900. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Miami Herald
5 days ago
- Business
- Miami Herald
Brazil's crypto market strengthens with arrival of new players
July 7 (UPI) -- Brazil's foothold in the rapidly expanding cryptocurrency market has grown stronger with the entry of U.S.-based trading platform Webull and crypto mining infrastructure firm Enegix. The global rise of cryptocurrencies has presented serious regulatory challenges for governments and central banks. In that context, Brazil has emerged as a pioneer, establishing a clear, transparent and collaborative legal framework for the oversight and accounting of digital assets. According to data from Chainalysis, Brazil accounted for more than 30% of all cryptocurrency transaction volume in Latin America in 2024 -- the highest in the region. Last week, Central Asian crypto mining firm Enegix Global announced plans to open a data center in the northeastern state of Piauí. State officials said company representatives signed a memorandum of understanding with local authorities and met with Gov. Rafael Fonteles to discuss the project. Meanwhile, fintech firm Webull Corporation (NASDAQ: BULL) announced June 26 that it is reentering the cryptocurrency market, selecting Brazil as the first launch region in its renewed global rollout. The company has a market capitalization of $5.17 billion and reported gross margins of 79.73%. Webull said it is targeting emerging markets with robust regulatory frameworks. Brazil's progress in the cryptocurrency sector is closely tied to its Virtual Assets Law, which established the foundation for regulating services involving digital assets. The law, in effect since 2022, designates the Central Bank of Brazil as the lead regulatory authority while maintaining the oversight role of the Securities and Exchange Commission of Brazil for crypto assets classified as securities. The Central Bank has launched a series of key initiatives to build out the regulatory framework, addressing legal and accounting gaps that had previously left parts of the crypto market in a gray area. Francisco Santos, a crypto trading and investment adviser, said one of the bank's priorities is clarifying the legal and accounting treatment of widely used crypto mechanisms, such as staking and airdrops. "Staking, which allows users to lock their cryptocurrencies to support blockchain networks in exchange for rewards, and airdrops, where cryptocurrencies are distributed for free to holders of other tokens, have often generated income that goes undeclared or is misreported. The law brings more transparency and structure," Santos said. Brazil's crypto regulations aim to improve how digital asset activity is recognized in financial reporting. That includes defining how crypto-related mechanisms should be recorded in the financial statements of both companies and individuals, ensuring greater transparency and proper taxation. The framework also supports more accurate market valuation of digital assets and improves the quality of data reported by companies operating in the crypto sector, strengthening oversight and accountability. The Central Bank of Brazil has placed particular emphasis on licensing and supervising cryptocurrency exchanges and other virtual asset service providers, or VASPs. These entities must obtain operational licenses and meet minimum standards for security and compliance with anti-money laundering and counter-terrorism financing rules. Another key part of Brazil's strategy is its commitment to public participation and open dialogue with the crypto industry. "Through public consultations and discussion forums, the Central Bank has gathered input from civil society, entrepreneurs, developers and the crypto industry itself. This collaborative model not only strengthens the regulatory process, but also enhances institutional legitimacy and supports effective implementation," Santos said. Not everyone shares such an optimistic view. Maria Silva Souza, an attorney specializing in investment firms, said the cryptocurrency market carries inherent risks despite government-led initiatives. "Cryptocurrencies are highly volatile. While regulation offers investor protection, it doesn't eliminate the risk of sharp fluctuations that can lead to significant losses -- especially for less-informed retail investors," Souza said. She added that despite efforts to improve transparency, the crypto ecosystem remains a target for pyramid schemes, fraudulent offerings and sophisticated scams. "Exchanges and crypto service providers are vulnerable to cyberattacks, hacks and other technological weaknesses. Regulation sets security standards, but no system is infallible. A successful attack could compromise users' funds and data," she said. Copyright 2025 UPI News Corporation. All Rights Reserved.
Yahoo
5 days ago
- Business
- Yahoo
Brazil's crypto market strengthens with arrival of new players
July 7 (UPI) -- Brazil's foothold in the rapidly expanding cryptocurrency market has grown stronger with the entry of U.S.-based trading platform Webull and crypto mining infrastructure firm Enegix. The global rise of cryptocurrencies has presented serious regulatory challenges for governments and central banks. In that context, Brazil has emerged as a pioneer, establishing a clear, transparent and collaborative legal framework for the oversight and accounting of digital assets. According to data from Chainalysis, Brazil accounted for more than 30% of all cryptocurrency transaction volume in Latin America in 2024 -- the highest in the region. Last week, Central Asian crypto mining firm Enegix Global announced plans to open a data center in the northeastern state of Piauí. State officials said company representatives signed a memorandum of understanding with local authorities and met with Gov. Rafael Fonteles to discuss the project. Meanwhile, fintech firm Webull Corporation (NASDAQ: BULL) announced June 26 that it is reentering the cryptocurrency market, selecting Brazil as the first launch region in its renewed global rollout. The company has a market capitalization of $5.17 billion and reported gross margins of 79.73%. Webull said it is targeting emerging markets with robust regulatory frameworks. Brazil's progress in the cryptocurrency sector is closely tied to its Virtual Assets Law, which established the foundation for regulating services involving digital assets. The law, in effect since 2022, designates the Central Bank of Brazil as the lead regulatory authority while maintaining the oversight role of the Securities and Exchange Commission of Brazil for crypto assets classified as securities. The Central Bank has launched a series of key initiatives to build out the regulatory framework, addressing legal and accounting gaps that had previously left parts of the crypto market in a gray area. Francisco Santos, a crypto trading and investment adviser, said one of the bank's priorities is clarifying the legal and accounting treatment of widely used crypto mechanisms, such as staking and airdrops. "Staking, which allows users to lock their cryptocurrencies to support blockchain networks in exchange for rewards, and airdrops, where cryptocurrencies are distributed for free to holders of other tokens, have often generated income that goes undeclared or is misreported. The law brings more transparency and structure," Santos said. Brazil's crypto regulations aim to improve how digital asset activity is recognized in financial reporting. That includes defining how crypto-related mechanisms should be recorded in the financial statements of both companies and individuals, ensuring greater transparency and proper taxation. The framework also supports more accurate market valuation of digital assets and improves the quality of data reported by companies operating in the crypto sector, strengthening oversight and accountability. The Central Bank of Brazil has placed particular emphasis on licensing and supervising cryptocurrency exchanges and other virtual asset service providers, or VASPs. These entities must obtain operational licenses and meet minimum standards for security and compliance with anti-money laundering and counter-terrorism financing rules. Another key part of Brazil's strategy is its commitment to public participation and open dialogue with the crypto industry. "Through public consultations and discussion forums, the Central Bank has gathered input from civil society, entrepreneurs, developers and the crypto industry itself. This collaborative model not only strengthens the regulatory process, but also enhances institutional legitimacy and supports effective implementation," Santos said. Not everyone shares such an optimistic view. Maria Silva Souza, an attorney specializing in investment firms, said the cryptocurrency market carries inherent risks despite government-led initiatives. "Cryptocurrencies are highly volatile. While regulation offers investor protection, it doesn't eliminate the risk of sharp fluctuations that can lead to significant losses -- especially for less-informed retail investors," Souza said. She added that despite efforts to improve transparency, the crypto ecosystem remains a target for pyramid schemes, fraudulent offerings and sophisticated scams. "Exchanges and crypto service providers are vulnerable to cyberattacks, hacks and other technological weaknesses. Regulation sets security standards, but no system is infallible. A successful attack could compromise users' funds and data," she said.
UPI
5 days ago
- Business
- UPI
Brazil's crypto market strengthens with arrival of new players
Brazil has emerged as a cryptocurrency pioneer, establishing a clear, transparent and collaborative legal framework for the oversight and accounting of digital assets. Photo by gerald/ Pixabay July 7 (UPI) -- Brazil's foothold in the rapidly expanding cryptocurrency market has grown stronger with the entry of U.S.-based trading platform Webull and crypto mining infrastructure firm Enegix. The global rise of cryptocurrencies has presented serious regulatory challenges for governments and central banks. In that context, Brazil has emerged as a pioneer, establishing a clear, transparent and collaborative legal framework for the oversight and accounting of digital assets. According to data from Chainalysis, Brazil accounted for more than 30% of all cryptocurrency transaction volume in Latin America in 2024 -- the highest in the region. Last week, Central Asian crypto mining firm Enegix Global announced plans to open a data center in the northeastern state of Piauí. State officials said company representatives signed a memorandum of understanding with local authorities and met with Gov. Rafael Fonteles to discuss the project. Meanwhile, fintech firm Webull Corporation (NASDAQ: BULL) announced June 26 that it is reentering the cryptocurrency market, selecting Brazil as the first launch region in its renewed global rollout. The company has a market capitalization of $5.17 billion and reported gross margins of 79.73%. Webull said it is targeting emerging markets with robust regulatory frameworks. Brazil's progress in the cryptocurrency sector is closely tied to its Virtual Assets Law, which established the foundation for regulating services involving digital assets. The law, in effect since 2022, designates the Central Bank of Brazil as the lead regulatory authority while maintaining the oversight role of the Securities and Exchange Commission of Brazil for crypto assets classified as securities. The Central Bank has launched a series of key initiatives to build out the regulatory framework, addressing legal and accounting gaps that had previously left parts of the crypto market in a gray area. Francisco Santos, a crypto trading and investment adviser, said one of the bank's priorities is clarifying the legal and accounting treatment of widely used crypto mechanisms, such as staking and airdrops. "Staking, which allows users to lock their cryptocurrencies to support blockchain networks in exchange for rewards, and airdrops, where cryptocurrencies are distributed for free to holders of other tokens, have often generated income that goes undeclared or is misreported. The law brings more transparency and structure," Santos said. Brazil's crypto regulations aim to improve how digital asset activity is recognized in financial reporting. That includes defining how crypto-related mechanisms should be recorded in the financial statements of both companies and individuals, ensuring greater transparency and proper taxation. The framework also supports more accurate market valuation of digital assets and improves the quality of data reported by companies operating in the crypto sector, strengthening oversight and accountability. The Central Bank of Brazil has placed particular emphasis on licensing and supervising cryptocurrency exchanges and other virtual asset service providers, or VASPs. These entities must obtain operational licenses and meet minimum standards for security and compliance with anti-money laundering and counter-terrorism financing rules. Another key part of Brazil's strategy is its commitment to public participation and open dialogue with the crypto industry. "Through public consultations and discussion forums, the Central Bank has gathered input from civil society, entrepreneurs, developers and the crypto industry itself. This collaborative model not only strengthens the regulatory process, but also enhances institutional legitimacy and supports effective implementation," Santos said. Not everyone shares such an optimistic view. Maria Silva Souza, an attorney specializing in investment firms, said the cryptocurrency market carries inherent risks despite government-led initiatives. "Cryptocurrencies are highly volatile. While regulation offers investor protection, it doesn't eliminate the risk of sharp fluctuations that can lead to significant losses -- especially for less-informed retail investors," Souza said. She added that despite efforts to improve transparency, the crypto ecosystem remains a target for pyramid schemes, fraudulent offerings and sophisticated scams. "Exchanges and crypto service providers are vulnerable to cyberattacks, hacks and other technological weaknesses. Regulation sets security standards, but no system is infallible. A successful attack could compromise users' funds and data," she said.
Yahoo
03-07-2025
- Business
- Yahoo
Webull Announces $1 Billion Standby Equity Agreement
Company intends on opportunistically using capital for key growth initiatives ST. PETERSBURG, Fla., July 3, 2025 /PRNewswire/ -- Webull Corporation (Nasdaq: BULL) ("Webull" or the "Company"), the owner of the Webull online investment platform, announced today that it has secured an important financing option by entering into a standby equity purchase agreement ("Purchase Agreement") with YA II PN, Ltd., an investment fund managed by Yorkville Advisors ("Yorkville"). Subject to certain customary conditions, the Purchase Agreement grants Webull the option, at its sole discretion, to issue up to $1.0 billion in Class A ordinary shares to Yorkville over three years. The per share subscription price Yorkville will pay for the shares will be a 2.5% discount to the Market Price (as that term is defined in the Purchase Agreement) during each one-day pricing period elected by the Company. Webull intends to use the Purchase Agreement strategically to raise and deploy capital, using as little or as much as circumstances warrant, when market conditions and business opportunities justify doing so. "With access to capital available through the Purchase Agreement, Webull is well positioned to pursue new growth opportunities, such as product expansion, new asset classes, and geographic expansion," said Anthony Denier, Group President and U.S. CEO of Webull. "As we survey the evolving market landscape and consider next-generation technologies in the space such as stable coins and real-world asset tokenization, access to capital will be critical to our ability to innovate and compete on the cutting edge going forward." About Webull Corporation Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 24 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, fractional shares, and digital assets through Webull's trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at You may also access certain information on Webull and its securities on the website of the SEC at where Webull will, among others, be filing reports, such as Reports on Form 6-K and its Annual Report on Form 20-F. Cautionary Note Regarding Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release or other statements of the Company are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "anticipate," "expect," "suggests," "plan," "believe," "predict," "potential," "seek," "future," "propose," "continue," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "forecast" or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. All forward-looking statements are based upon current estimates and forecasts and reflect the reasonable views, assumptions, expectations, and opinions of the Company and its management as of the date of this press release, and are therefore subject to a number of factors, risks and uncertainties, some of which are not currently known to the Company and its management and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to: (1) the ability of the Company to grow and manage growth profitably, maintain relationships and deepen engagement with users, customers and suppliers, and retain its management and key employees; (2) the reliance of key functions of the Company's business on third-parties and the risk that the Company's platform and systems rely on software and applications that are highly technical and may contain undetected errors that could result in unexpected network interruptions, failures, security breaches, or computer virus attacks; (3) the risks associated with the Company's global operations and continued global expansion, including, but not limited to, the risks related to complex or constantly evolving political or regulatory environments that may result in substantial costs or require adverse changes to the Company's business practices; (4) the Company's estimates of expenses and costs, of profitability or of other operational and financial metrics as well as the Company's expectations regarding demand for and market acceptance of its products and service; (5) the Company's reliance on trading related income, including payment for order flow ("PFOF"), and the risk of new regulation or bans on PFOF and similar practices; (6) the Company's exposure to fluctuations in interest rates, rapidly changing interest rate environments, volatile prices of securities and digital assets and their respective trading volumes; (7) the Company's reliance on a limited number of market makers and liquidity providers to generate a large portion of its revenues, and the negative impact of the loss of any of those market makers or liquidity providers; (8) the effects of competition in the Company's industry and the Company's need to constantly innovate and invest in new markets, products, technologies or services to retain, attract and deepen engagement with users; (9) changes in international trade policies and trade disputes that could result in tariffs, taxes or other protectionist measures adversely affecting our business; (10) risks related to general political, economic and business conditions globally and in jurisdictions where the Company operates; (11) risk of further actions taken by various government bodies in the United States that have made the Company the subject of inquiries and investigations relating to concerns about our connections to China; (12) the risk that the failure to protect customer data and privacy or to prevent security breaches relating to the Company's platform could result in economic loss, damage to its reputation, deter customers from using its products and services, and expose it to legal penalties and liability; (13) risks related to the Company's need as a regulated financial services company to develop and maintain effective compliance and risk management infrastructures as well as to maintain capital levels required by regulators and self-regulatory organizations; (14) the ability to meet, or continue to meet, stock exchange listing standards; (15) the possibility of adverse developments in pending or new litigation and regulatory investigations; (16) our ability to meet conditions precedents to issue Class A ordinary shares to Yorkville under the Purchase Agreement and the fact that there can be no guarantee of how many Class A ordinary shares will be sold under the Purchase Agreement, if any at all; (17) risks related to significant disruptions in the cryptocurrency market that negatively impacts user engagement with cryptocurrency trading on our platform; (18) political, regulatory or economic changes that affect cryptocurrencies, including changes in the governance of a cryptocurrency; and (19) other risks and uncertainties that are more fully described in filings made, or to be made, by the Company with the SEC, including in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's filings with the SEC. The foregoing list of factors is not exhaustive. Reported results should not be considered an indication of future performance. There may be additional risks that the Company and its management presently do not know about or that the Company and its management currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In light of these factors, risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur, and any estimates, assumptions, expectations, forecasts, views or opinions set forth in this press release should be regarded as preliminary and for illustrative purposes only and accordingly, undue reliance should not be placed upon the forward-looking statements. The Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Webull Investor Relationsir@ Webull Media Relations5W Public RelationsNicholas KoulermosWebull@ 999 - 5585 View original content to download multimedia: SOURCE Webull Corporation Sign in to access your portfolio
