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Huobi HTX has reached constructive communication with the Financial Conduct Authority (FCA) of the United Kingdom, and the related lawsuit has been properly resolved

Huobi HTX announced that the UK Financial Conduct Authority (FCA) had previously initiated legal proceedings against the exchange in the UK. After a period of constructive communication between both parties, the matter has now been properly resolved.Huobi HTX has always sincerely cooperated with the FCA, actively collaborating and responding to its concerns regarding the UK market. During this period, Huobi HTX, based on its commitment to continuously adhere to compliance standards, has gradually strengthened restrictions related to the UK market and exit arrangements, and implemented supporting operational measures.These measures were already in place before this settlement was reached. The settlement further consolidates the aforementioned measures and does not constitute an admission of any legal liability, misconduct, or violations by Huobi HTX.The settlement eliminates relevant legal uncertainties and is consistent with the exchange's commitment to continuously enhance compliance levels. This is beneficial for Huobi HTX to focus on the most important matter, which is to provide high-value services to users and achieve long-term sustainable growth.Huobi HTX thanks all parties for their professional cooperation in properly concluding this matter and will continue to focus on responsibly serving users. Looking ahead, Huobi HTX is willing to constructively cooperate with all parties in the industry, including working hand in hand with regulators where appropriate, to jointly safeguard user interests and promote the healthy development of the digital asset ecosystem.

first_img TrendForce: Apple’s foldable device shipments in the first year are approximately 5 million units

According to TrendForce, Apple's first foldable phone, iPhone Duo, has been available for pre-order for less than a week, and some orders on the official website have already been delayed until January 2027. TrendForce estimates that global shipments of foldable phones will see a slight increase of 0.5% in 2026, with Apple’s first foldable iPhone expected to ship around 5 million units, capturing approximately 24.8% market share in its first year, and Apple's entry will accelerate the redistribution of brand market share.Initial user feedback shows that the split-screen operation and screen experience after unfolding have been positively received, while the black edges of apps, button configuration, and fingerprint unlocking have increased adaptation costs. Reports of screen damage and high repair quotes have shifted the focus to reliability and ownership costs. TrendForce states that the visibility of creases on the iPhone Duo is relatively low, which is related to multi-layer material stress control and nano-texture optical optimization; the droplet-shaped hinge bears dynamic control, and insufficient retreat of the central support can lead to additional contact and stress concentration.Apple has provided replacements for a small number of devices with abnormal inner screens, and subsequent engineering improvements are expected to focus on hinge travel, support height, fitting precision, and assembly tolerances. On the software side, some apps still have black edges and insufficient space utilization, and the large screen has also increased energy consumption management requirements. TrendForce believes that Apple's advantage lies in the integration of chips, systems, and developer ecosystems, with competition shifting from design innovation to multi-tasking efficiency.

first_img Anchorage expands cooperation with Bitso, custodians of the stablecoin channel between the United States and Mexico

Anchorage Digital announced the expansion of its custody and listing arrangements with the Latin American cryptocurrency platform Bitso, extending its custody layer to cover both ends of the stablecoin corridor between the United States and Mexico. According to the agreement announced on Tuesday, the Mexican peso stablecoin MXNB issued by Bitso is now being custodied by this federally chartered crypto bank across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc.Meanwhile, Bitso has launched the USD stablecoins USDPT and USAT, which are issued and custodied by Anchorage, with the former coming from Western Union and the latter from Tether. The financial terms were not disclosed by either party. This collaboration targets one of the largest cross-border payment flows in the world, the U.S.-Mexico remittance corridor, which transfers billions of dollars annually, with approximately 15% currently operating through Bitso's infrastructure.Nathan McCauley, CEO and co-founder of Anchorage, stated that the U.S.-Mexico corridor is where stablecoins transition from theory to large-scale real money flows, and the company has now become the institutional custody layer at both ends of that flow. Ben Reid, head of stablecoins at Bitso, mentioned that customers can now access the complete dollar-peso corridor through a fully on-chain method supported by a federally chartered bank. This move also continues the trend of Circle's recent expansion of Latin American stablecoins with the launch of a USDC settlement pilot in Colombia.
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