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Adobe Stock The Financial Industry Regulatory Authority has fined MarketAxess Corporation $90,000 for Municipal Securities Rulemaking Board rule violations including the inaccurate reporting of trade times for more than 57,000 transactions, most of which were off by just one second.  MarketAxess, which operates fixed income electronic trading platforms, submitted a letter to FINRA proposing a
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Chicago alderpeople narrowly approved the issuance of $830 million of general obligation debt that Mayor Brandon Johnson says will fund infrastructure improvements.Bloomberg News Chicago’s City Council on Wednesday approved the issuance of $830 million of general obligation bonds that Mayor Brandon Johnson’s administration says will fund infrastructure projects in the capital improvement program. “I made
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Onchain cybersecurity platform Cyvers detected suspicious outflows on Feb. 27 from an address linked to Mask Network founder Suji Yan. According to Cyvers, other flagged addresses had received about $4 million in cryptocurrencies, primarily in Ether (ETH)-linked tokens. The digital assets suspected to have been stolen included 113 ETH, valued at over $265,000 at the
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The US Congress is reportedly set to consider legislation that would ban the issuance of memecoins like President Donald Trump’s Official Trump (TRUMP) token. House Democrats are preparing to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would prohibit public officials from profiting from digital assets, California Representative Sam Liccardo told ABC News
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XRP (XRP) price has dropped 17% over the last seven days and 27% in the past month, losing several key support levels along the way. This has left market participants wondering whether XRP’s price could drop further in the coming days. XRP/USD daily chart. Source: Cointelegraph/TradingView XRP price levels to watch under $2.40 XRP’s latest
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THORChain, a crosschain swap protocol, is experiencing a surge in activity following the $1.4 billion exploit of cryptocurrency exchange Bybit. On Feb. 26, the protocol processed $859.61 million in swaps, marking its highest-ever daily volume, according to data from THORChain Explorer. The momentum continued on Feb. 27, adding $210 million (and counting), pushing total swap
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Ripple Labs has signed a strategic partnership with BDACS, a South Korean digital asset custody provider, to support institutional custody for XRP and Ripple USD. The partnership, announced on Feb. 26, will enable BDACS to integrate Ripple Custody, the company’s institutional crypto and digital asset custody solution, to safeguard XRP (XRP), Ripple USD (RLUSD) and
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<img src=”https://public.flourish.studio/visualisation/21835112/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were a touch firmer in spots Wednesday as U.S. Treasury yields fell further and equities ended mixed. The two-year municipal to UST ratio Wednesday was at 63%, the five-year at 64%, the 10-year at 68% and the 30-year at 87%, according to Municipal Market Data’s 3 p.m. EST
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Richard Ciccarone, president emeritus of Merritt Research Services.Alan Klehr Illinois’ Annual Comprehensive Financial Report for fiscal year 2023 is threatening to break California’s record for latest audit, having recently passed 600 days since that fiscal year ended, according to data on audit times. Illinois is currently tied with Nevada for the latest fiscal 2023 audit.
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Ethereum-based cryptocurrency wallet MetaMask is expanding its fiat off-ramp services to support 10 additional blockchain networks. The move, in partnership with payments provider Transak, is aimed at simplifying the process of converting digital assets into traditional currency. MetaMask users were previously forced to swap assets into Ether (ETH) tokens before being able to convert them
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<img src=”https://public.flourish.studio/visualisation/21815415/thumbnail” width=”100%” alt=”chart visualization” /> Midwest municipal bond volume grew in 2024, but at a rate well behind the nation’s during a record year for muni sales. Issuers in the 11-state region sold $80 billion of municipal bonds, a 14.9% increase-year-over-year, as U.S. municipal volume rose 33.1% to $512.7 billion.  “[2024] was the highest
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The Federal government’s long-term budget challenges could mean dramatic changes for hospitals and health systems nationwide, derailing the post-COVID credit recovery that helped turn the healthcare sector into the fastest-growing segment of the municipal market in 2024. The House Budget Committee recently began considering legislation that would reduce spending on health programs like Medicaid by
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain has an uncharismatic, accident-prone, over-regulating but ultimately serious prime minister. Imagine, for a moment, how much it must sting a man of the liberal left to cut foreign aid to fund a larger defence
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