Nasdaq 100 futures pulled back following a rally on Wednesday. Shares of artificial intelligence companies declined in the same session. Strategy, the company formerly known as MicroStrategy, dropped 4%. Gold also traded below the $4,000 level during the market movement.
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Prediction market platform Polymarket has reduced its workforce, according to reporting that cites a source speaking to Reuters. More than half of the affected employees were contractors rather than full-time staff. The layoffs come as investors press founder Shayne Coplan for changes. The move takes place while competitor Kalshi is growing rapidly in the same sector. The source material provided does not give exact figures on the number of roles cut or the timing of the decision.
Japanese brokerage Nomura is weighing a sale of its Laser Digital unit, according to reports. The company has reportedly held discussions with prospective buyers, including Marex. The move comes as Nomura's European business has recorded losses for four consecutive quarters. The ongoing losses appear to be the driving pressure behind the potential divestment.
India's Enforcement Directorate, the country's financial crimes watchdog, has raided the cryptocurrency exchanges CoinDCX and Delta. The agency alleges that the firms carried out illegal cross-border transactions in breach of India's foreign exchange laws. The source report is brief and does not detail the timing of the raids or the specific trades under investigation. No charges or findings beyond these allegations were reported in the available text.
Crypto exchange Gemini, founded by the Winklevoss twins, has agreed to sell its operations in the United Kingdom and Europe to KAST, a stablecoin payments company. The deal is reportedly valued at less than $10 million. The sale comes as Gemini pulls back from several overseas markets while restructuring its business. The transaction marks another step in the company's reassessment of its international footprint. Further details on the timing and terms of the deal were not specified in the report.
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