Memecoins took the hardest hit in today’s market selloff, losing almost double the market cap of the average market. Earlier today reports from Matrixport regarding the SEC’s potential rejection of Bitcoin ETF applications triggered a significant liquidation across the market. Within four hours, the market lost over $540 million, with Bitcoin and Ethereum dipping nearly 10%. However, it appears...
PETALING JAYA: Perodua is investigating a complaint involving a Perodua Bezza that allegedly broke down merely eight hours after being purchased from a sales centre. Perodua chief operating officer JH Rozman Jaafar said the company had been in constant communication with the customer since the issue arose in October. “Since then, we have taken several actions to...
PETALING JAYA: Two men have been arrested after a car rammed into a policeman on duty at a roadblock in Petaling Jaya late last night. Petaling Jaya police chief Fakhrudin Abdul Hamid said in the 11pm incident, a red Perodua Myvi sped through the Sprint Expressway’s Damansara Jaya turnoff where a roadblock was in place. A policeman...
KUALA LUMPUR: The meteorological department (MetMalaysia) has issued an alert-level warning of continuous heavy rain in several areas in Johor from today until Sunday. In a statement, MetMalaysia said the areas that would be affected are Segamat, Kluang, Mersing, Kulai, Kota Tinggi and Johor Bahru. It also issued an alert-level warning of continuous rainfall until Sunday in...
Fox Business reporter Eleanor Terrett said approval of a spot Bitcoin ETF in early January is unlikely. In an X post, Fox journalist Eleanor Terrett noted that the Securities and Exchange Commission (SEC) still needs to review changes to the S-1 filings for spot Bitcoin ETFs. She said the SEC will likely notify issuers of a final...
The Labuan Chinese Chamber of Commerce (LCCC) has urged the federal government to reinstate the island’s full duty-free status to boost its appeal to visitors. Its president Wong Kii Yii said that despite previous efforts, including letters to relevant authorities, the government has yet to heed their plea. Wong emphasised that Labuan’s current duty-free status fails to...
A Malaysian fugitive wanted in Thailand for drug smuggling was arrested during a Thai-Lao joint operation last week. The 39-year-old alleged drug dealer and key member of a drug syndicate had been in hiding in Laos, according to Thai police. Assistant national police chief Panurat Lakboon said the Office of the Narcotics Control Board had been investigating...
Traders taking bets on the platform predict a 90% chance the SEC will approve spot Bitcoin ETFs by mid-January, while the minority is hedging against the converse outcome. Shares of a “Bitcoin ETF approved by Jan 15” contract on Polymarket, a decentralized prediction venue, traded for 90 cents as speculation for a forthcoming decision from the...
The government has been urged to block ships carrying fuel from Malaysian ports to Myanmar, in a bid to weaken the military junta. This was following Prime Minister Anwar Ibrahim’s condemnation of the “barbarism and depravity inflicted upon the people of Myanmar” in his United Nations General Assembly address, said the Confederation of Trade Unions Myanmar president U...
If you think Wall Street had a phenomenal year, take a closer look at how the cryptocurrency space fared in 2023. As of the early morning hours on Dec. 28, the aggregate value of all listed cryptocurrencies on CoinMarketCap.com had increased by a cool 115% year to date. Though there are thousands upon thousands of digital currencies to...
