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MultiBank Group names Mohammed Al Hakim vice chairman and MB.io chief, citing US$32 billion valuation

MultiBank Group has appointed Emirati Mohammed Al Hakim as Vice Chairman of MultiBank Group and CEO of MB.io, according to a company announcement dated 2 November 2026. The firm said Al Hakim will work directly with Naser Taher, Founder and Chairman of MultiBank Group, to strengthen the Group’s global presence and to lead MB.io into new international markets. MultiBank Group also stated that Al Hakim will oversee the expansion of MultiBank Exchange, which the company described as an interbank trading matching engine. The appointment, the announcement added, supports MultiBank Group’s ambitions across financial markets, digital assets and financial technology. The company said Al Hakim’s responsibilities include advancing capabilities in “real-world asset tokenisation,” institutional trading and cross-border settlement solutions through MB.io, its cryptocurrency and digital asset trading platform, and through MultiBank Exchange. Valuation and trading volumes cited by the company In the ...
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Animoca Brands Completes Final Step for Abu Dhabi Fund Management

Animoca Brands has received regulatory authorization in Abu Dhabi that broadens how it can manage investment capital for institutions. The company said on Monday that its subsidiary, Animoca Asset Management (AD) Limited, has been approved by Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) to oversee non-retail investment funds. The move marks another step in Animoca’s multi-jurisdiction push to formalize its crypto- and gaming-linked operations into regulated financial services, after earlier approvals and licensing progress in the region. For investors and partners, the practical difference is that the authorization allows the firm to pool professional investors’ money under FSRA oversight, rather than serving retail investors. Key takeaways Animoca Asset Management (AD) Limited received FSRA approval in Abu Dhabi to manage non-retail investment funds. The authorization was completed after an in-principle approval first announced in November 2025, with th...
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FATF Review Flags Money Laundering Controls at Crypto Hubs

The Financial Action Task Force (FATF) says it will conduct a targeted review of countries with significant crypto activity, aiming to pinpoint where anti-money laundering (AML) rules are not being applied effectively to virtual assets. In an announcement made Friday, the FATF—an intergovernmental body responsible for setting global AML standards—said the review will concentrate on jurisdictions with “materially important” virtual asset service provider (VASP) activity. It will also take into account the jurisdictions’ existing assessment status, rather than starting from scratch for every country. Key takeaways The FATF is launching a targeted AML compliance review focused on jurisdictions with the highest virtual asset service provider activity. The review will leverage the FATF’s existing assessment and follow-up processes as the primary evaluation mechanism. Initial results are scheduled for June 2027, with further findings due in October 2027. The plan includes additional ...
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Strategy Buys $65.5 Million In Bitcoin As Michael Saylor Predicts Return To Six Figures

Strategy has returned to Bitcoin accumulation, purchasing 811 BTC for $65.5 million despite continued market weakness. Bitcoin traded near $77,765.90 on November 2, while Michael Saylor maintained expectations of a recovery above $100,000. The latest acquisition increased the company's holdings to 849,327 BTC, reinforcing its position as a major corporate Bitcoin holder. Strategy purchased 811 Bitcoin between October 26 and November 1, according to its latest regulatory disclosure. The company paid an average of $80,846 per coin, bringing the transaction's total value to approximately $65.5 million. Consequently, its Bitcoin treasury increased to 849,327 BTC, valued at approximately $65.9 billion using the company's reported valuation. The latest acquisition followed a one-week pause in Bitcoin purchases, during which Strategy focused on repurchasing preferred shares. However, the company maintained its accumulation strategy and resumed buying before the November 2 announce...
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Strategy Treble’s Weekly Bitcoin Budget to Fund STRC Buybacks

Michael J. Saylor’s Strategy (Strategy) allocated far more capital to buying back its STRC preferred shares than it spent on expanding its Bitcoin position last week, according to an SEC filing. The latest figures underscore how Strategy is balancing treasury management and its funding structure at a time when its STRC trades close to—but slightly below—its stated $100 target. In a Monday 8-K, Strategy reported repurchasing $208.2 million of STRC preferred stock and using about $65.5 million to acquire 811 Bitcoin (BTC). The Bitcoin purchases were executed at an average price of $80,846 per coin, with a portion of the proceeds from share sales later allocated to cash reserves. Key takeaways Strategy repurchased $208.2 million in STRC preferred shares, more than three times the $65.5 million spent on Bitcoin acquisitions. The company bought 811 BTC at an average price of $80,846, as reported in a Monday SEC 8-K. Strategy sold about 1.18 million MSTR shares for net proceeds of $164...
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Binance-Linked Hackers Swap Stolen Solana for Bitcoin, Chainalysis Says

Hackers responsible for Binance’s estimated $6.3 billion theft have started shifting parts of the stolen cryptocurrency into new routes for laundering, according to blockchain investigators tracking on-chain movements. As freezes disrupt activity across multiple networks, investigators say the group has begun converting large quantities of stolen Solana (SOL) into Bitcoin (BTC). Lookonchain reported Sunday that the attackers moved 486,970 SOL—valued at roughly $46.4 million at the time of reporting—by swapping through Relay. The shift follows an earlier pattern in which investigators said the laundering wallets used on Tron were largely emptied after assets were targeted with exchange and issuer freezes. Key takeaways Lookonchain said hackers moved 486,970 SOL (about $46.4 million) and swapped it for BTC via Relay. Blockchain data cited in the reports suggests most Tron temporary holding wallets were largely drained, with laundering expanding to Solana. Chainalysis previously des...
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Binance Moves 50% of SAFU Bitcoin, Publishes Reserve Proof

Binance’s emergency Bitcoin wallet showed a sharp drop over the weekend as the exchange used part of its Secure Asset Fund for Users (SAFU) to help cover losses tied to Thursday’s massive hack. On Monday, the wallet held about 7,500 BTC—down from roughly 15,000 BTC prior to the transfer—after Binance confirmed it had moved 7,499 BTC on Saturday. The attack led Binance to suspend withdrawals while it worked to replace stolen assets. The FBI later attributed the hack to North Korea, naming the alleged attackers as “TraderTraitor.” Binance says withdrawals have since reopened in stages and that it has replenished the affected assets in near-total measure. Key takeaways Binance confirmed a Saturday transfer of 7,499 BTC to a wallet that now holds roughly 7,500 BTC, indicating SAFU deployments after the hack. After the Thursday incident, Binance suspended withdrawals and then restarted them in phases starting Sunday, reporting about 95% replenishment by Monday. Binance’s SAFU policy d...
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