Shibu Inu Whales, ASIC CFDs, Bitcoin ETFs, Ripple, Prytek: Editors Pick

Shibu Inu Whales, ASIC CFDs, Bitcoin ETFs, Ripple, Prytek: Editors Pick

In a busy week for news, lets take a look back at the stories that dominated the worlds for Forex, Fintech, and Crypto, in our best of the week segment.

Shiba Inu (SHIB) Whale Transactions Are Surging

Shiba Inu (SHIB) remains one of the most popular coins, trending in the last few weeks. The meme token has gained significant value in 2021 due to a sharp rise in its retail interest. As a result, SHIBs whale transactions have reached a record high.

According to Santiment, one of the leading crypto analytics firms, SHIB whales are moving the digital asset in large amounts. Last month, a leading SHIB whale account purchased nearly $43 million worth of SHIB coins. Following the purchase, the price of the meme coin jumped significantly. On 6 October 2021, SHIBs price jumped by more than 60% within a few hours.

Read more about the Shiba Inu (SHIB) Whale Transactions here.

Exness Posts 7.6% Rise in September Trading Volume

Global forex and CFDs broker, Exness, has disclosed its key trading metrics for September, showing a trading volume jump for another month. According to the brokers figures, the total trading volume for last month came in at $947 billion, which is 7.6 percent higher than the previous month.

This is the second-highest monthly trading volume reported by the broker after it peaked in July.

Year-over-year, the trading volume on the brokerage platform jumped by more than 58 percent. With the continued rally, Exness is poised to name itself as one of a small select group of retail brokers handling monthly trading activities worth more than $1 trillion.

Read more on the Exness September Trading Volume here.

SFC Imposes $5.5 Million Fine on Ample Capital Limited

Hong Kongs Securities and Futures Commission (SFC) announced this week that it has reprimanded and fined Ample Capital Limited (ACL) $5.5 million.

According to SFC, the authority has imposed a fine on Ample Capital Limited for failing to discharge its duties as the sponsor in the listing application of COCCI International Limited (COCCI) between 2016 and 2017.