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Huobi & CoinMarketCap Tackle The Issue of Fake Trading Volumes in Crypto

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Huobi Global is pleased to confirm its role as a founding member of CoinMarketCap’s newly-formed Data Accountability and Transparency Alliance (DATA).

The alliance is dedicated to bringing together partners across the board to contribute to a deeper discussion on transparency in the cryptocurrency industry.

As a charter member, Huobi will take a leadership role in combating issues like wash trading and fake trading volumes by working to establish, review, and align industry standards, as well as to identify gaps in the industry and to develop strategies to improve data accountability and transparency. In addition, as a DATA member, Huobi will provide enhanced, live, and in-depth trading and orderbook data to CoinMarketCap, allowing them verify and repost it.

“The issue of fake trading volumes is a real one in the industry and people have a right to know that the numbers provided by exchanges are legitimate. We think there should be no exceptions and we see something like DATA as a natural next step as our industry grows in both maturity and mainstream acceptance,” said Livio Weng, CEO of Huobi Global.

Among other advantages, Huobi is known for its strong liquidity, so accurate trading volume numbers are of high importance to the company. In addition to volume, liquidity is also measured by market depth and spread. Huobi regularly monitors and compares its liquidity against those of the other leading global exchanges. According those reviews, Huobi consistently ranks as one of the top exchanges in terms of liquidity.

“When it comes to liquidity, or any other measure, the public should be able to easily verify and decide who is trustworthy and who is not. That’s why we think efforts like the DATA alliance are positive steps forward,” said Ross Zhang, Head of Marketing for Huobi Group.

In addition to sharing data for verification, Huobi representatives will facilitate in-depth discussions, suggestions, strategies, and planning with other DATA members at biannual industry roundtables on crypto data transparency and its impacts.

“Huobi prides itself as being on the forefront of data authenticity, accuracy and transparency,” added Weng. “We are happy to work with others to advance these values across the industry as a whole.”

 

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Truist reports first quarter 2025 results

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CHARLOTTE, N.C., April 17, 2025 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) reported its first quarter 2025 results today. Investors can access the live first quarter 2025 earnings call at 8 a.m. ET today by webcast or dial-in as follows:

The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist’s First Quarter 2025 Quarterly Performance Summary, which contains detailed financial schedules, are available at Truist’s Investor Relations website at https://ir.truist.com/earnings. A replay of the call will be available on the website for 30 days.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $536 billion as of March 31, 2025. Truist Bank, Member FDIC. Learn more at Truist.com.

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Vantage Celebrates Dual Wins at UF Awards LATAM 2025

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PORT VILA, Vanuatu, April 17, 2025 /PRNewswire/ — Vantage Markets, a globally recognized multi-asset CFD broker, has secured two prestigious awards at the UF Awards LATAM 2025, held during the iFX Expo Mexico 2025.The broker was honored with “Best Multi-Asset Broker” and “Best Mobile Trading App.” These accolades underscore Vantage’s ongoing commitment to delivering exceptional trading experiences and technological excellence to clients.

Hosted by Ultimate Fintech, the UF Awards LATAM celebrates outstanding achievements and innovation in the fintech and online trading industry. This recognition reaffirms Vantage’s position as a globally trusted and forward-thinking broker.

This award recognizes Vantage’s robust and diversified product offerings, which include CFDs across forex, commodities, indices, shares, ETFs, and bonds. With access to deep liquidity, ultra-fast execution, and highly competitive trading conditions, Vantage empowers traders to diversify their portfolios and trade confidently across global markets.

Vantage’s mobile app has set new industry standards by offering an intuitive, high-performance trading experience that puts powerful tools directly into the hands of users. With real-time data, seamless navigation, customizable charts, advanced indicators, and AI-driven insights, the app equips traders with real-time data to make timely decisions – no matter where they are.

Commenting on the recognition, Marc Despallieres, CEO of Vantage Markets, said:
“We’re incredibly honored to be recognized by UF Awards LATAM for both our multi-asset offering and mobile trading app. These awards reflect the hard work and passion of our team, and our unwavering commitment to providing traders with the best tools, technology, and support. We are proud to continue investing in innovation and client-centric solutions to meet the evolving needs of our users.”

This additional recognition follows a series of recent accolades for Vantage, including recognition for its copy trading platform, trading reliability, and affiliate program. As the company continues to develop its global offering, Vantage remains focused on building technology-driven solutions that empower traders of all levels.

Visit Vantage Markets website, for more information about Vantage’s award-winning services and upcoming initiatives.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

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RISK WARNING : CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.

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SeABank reports profit before tax of US$168.14 million in Q1/2025

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HANOI, Vietnam, April 17, 2025 /PRNewswire/ — Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB) announced its consolidated first-quarter results 2025 with positive figures, reflecting robust performance.

Strong performance exceeds Q1/2025 KPIs

SeABank has delivered outstanding results in Q1/2025, sustaining growth momentum compared to the same period in 2024, particularly: PBT reached VND4,350 billion (US$168.14 million), fulfilling 269% of KPIs and marking a sharp YoY increase of nearly 189%. TOI hit VND5,820 billion (US$224.96 million), achieving 184% of KPIs and increasing by over 115% YoY. A standout contributor to this income growth was NoII, which surged to VND3,369 billion (US$130.22 million) – an increase of 378%, completing 340% of KPIs. Those positive results were driven by SeABank’s proactive expansion of non-credit services, effective cost control, enhanced risk management, and the implementation of strategic projects.

By the end of Q1/2025, total mobilization from customer deposits and valuable papers at SeABank reached VND189,993 billion (US$7.34 billion). Total lending balance was VND213,048 billion (US$8.24 billion) – a net year-on-year increase of VND3,693 billion (US$142.75 million).

Additionally, SeABank’s NPL ratio slightly declined to 1.84%, reflecting effective credit risk management amid ongoing macroeconomic challenges and a rising NPL trend across the banking sector. The debt coverage ratio was maintained at 81.81%, ensuring sufficient provision in line with regulatory requirements.

As of March 31st, 2025, SeABank’s total assets reached VND333,746 billion (US$12.9 billion), up 2.47% – equivalent to a net increase of VND8,047 billion (US$311.04 million) from December 31st, 2024; charter capital reached VND 28,450 billion (US$1.1 billion).

Enhancing international partnerships, expanding funding and supporting SME

In Q1/2025, SeABank continued its position as a trusted partner of international financial institutions to promote capital access for Vietnamese enterprises, thereby strengthening capacity and advancing focus on key business sectors.

By the end of March 2025, SeABank’s total international mobilization reached nearly US$1.1 billion, following an investment of US$80 million from the French Development Finance Institution (Proparco) and the Dutch Entrepreneurial Development Bank (FMO). This not only strengthens SeABank’s funding base to support SMEs and women-owned businesses, but also affirms the Bank’s reputation, operational efficiency, and effective capital utilization.

Besides, in Q1/2025, SeABank has completed transferring 100% of its stake in Post and Telecommunication Finance Company (PTF) to AEON Financial Service. This helped enhance the Bank’s capital base and financial capacity for scale expansion, technological investments, while driving sustainable business growth with strategic focus.

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