Digital fintech group Mercurity Fintech Holding Inc. (NASDAQ | WuBlockchain on Binance Square

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Digital fintech group Mercurity Fintech Holding Inc. (NASDAQ: MFH) announced an $800 million financing plan to build a long-term Bitcoin treasury, with strategies including institutional custody, on-chain staking, and tokenized treasury management. MFH also revealed its preliminary inclusion in the FTSE Russell 2025 index reconstitution list.

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According to Bloomberg, Singapore's MAS issued a final notice on May 30 requiring unlicensed crypto firms serving overseas clients from Singapore to cease operations by June 30. Exchanges like Bitget and Bybit are considering exiting Singapore and relocating staff to Dubai or Hong Kong. MAS said no grace period will be given and new licenses will be extremely limited. The rule applies to firms with front-office functions or overseas clients.

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