Indonesia’s financial regulator has introduced certification requirements for influencers who recommend crypto and other digital financial assets, as the country expands oversight of financial promotions on social media.

Under Financial Services Authority Regulation No. 6 of 2026, announced Wednesday, individuals recommending digital assets must obtain competency certifications unless they are already subject to a separate licensing requirement.

Influencers may recommend only digital assets listed on authorized exchanges, while any service provider they recommend must also be licensed. Marketing campaigns must be conducted through regulated financial services businesses, which are responsible for the promotional content, and distributed through their official communication channels.

Indonesia joins a growing number of jurisdictions tightening oversight of financial influencers, also called finfluencers, with Australia and the United Kingdom introducing broader rules for investment promotions and the Philippines adopting crypto-specific marketing restrictions.

Machine translated excerpt of the OJK announcement. Source: OJK

Global regulators tighten oversight of finfluencers

Australia and the UK were among the earlier jurisdictions to clarify how existing financial laws apply to influencers. 

In March 2022, the Australian Securities and Investments Commission (ASIC) said influencers may require a financial services license when their content amounts to financial advice or helps arrange transactions. It also warned that licensed financial firms may be liable for misconduct by influencers they engage with.

In 2024, the UK Financial Conduct Authority (FCA) issued guidance saying unauthorized influencers may commit a criminal offense when promoting regulated financial products without approval from an appropriately authorized firm. 

Related: Indonesia blocks Polymarket after bets on president’s exit

On April 24, the FCA led an international “week of action” campaign targeting illegal finfluencers. According to the FCA, 17 regulators participated, conducting enforcement activity, consumer awareness campaigns and educational programs for influencers who want to act responsibly. 

The FCA said it submitted 120 account-takedown requests covering 1,267 illegal financial advertisements that had reached at least 2.3 million UK social media accounts.

Meanwhile, the Philippines introduced crypto-specific marketing restrictions in 2025 that cover endorsements, sponsored material, social media posts, podcasts, livestreams and certain paid educational content. 

Under the rules, crypto asset service providers are required to disclose their authorized third-party marketers to the Philippine Securities and Exchange Commission. 

Magazine: Japanese pension fund tips 1% in crypto, G7 urges action on NK hackers: Asia Express

If Anmrex Exchange is compared with well-known local exchanges in Malaysia, the conclusion is actually quite clear: local exchanges are more suitable as compliant entry channels, while Anmrex Exchange is more like a comprehensive trading platform targeting the global market.

Taking the Malaysian market as an example, local digital asset exchanges such as Luno Malaysia, HATA, MX Global, SINEGY, and Kinetic DAX primarily focus their advantages on the local regulatory framework of Malaysia, Malaysian Ringgit (MYR) deposit and withdrawal services, localized compliance processes, and basic digital asset trading services. For traders who only wish to purchase mainstream assets like BTC and ETH and place greater emphasis on local regulatory certainty, these platforms are more straightforward.

The advantage of Anmrex Exchange lies in its product completeness and global trading capability. It was established in May 2020, and its platform development revolves around spot trading, futures, options, AI quantitative trading, API services, cross-chain assets, multilingual support, and institutional access. At the same time, it publicly discloses information such as proof of reserves, segregation of hot and cold wallets, external audits, and risk control systems. It is more suitable for traders who are no longer satisfied with basic buying and selling but wish to utilize more trading tools, access global market liquidity, and benefit from diversified asset services.

Quick Conclusion: Anmrex Exchange vs Malaysian Local Exchanges

If local regulation, MYR deposit and withdrawal, and a simple buying and selling process are prioritized, a Malaysian local exchange is more suitable.

If product depth, trading tools, asset transparency, global market connectivity, and a strategy-driven trading experience are priorities, Anmrex Exchange is more worthy of attention.

In simple terms, local exchanges address the question of “how to enter the market in compliance,” while Anmrex Exchange addresses the question of “how to participate in the market more systematically.”

Platform Positioning: One Is A Local Entry Point, One Is A Global Trading Terminal

The positioning of local exchanges in Malaysia is relatively clear. They primarily serve the domestic market, with a focus on regulatory compliance, fiat currency on-ramps and off-ramps, and basic digital asset trading. Their strength does not lie in the variety of products offered, but rather in having a well-defined pathway, making them suitable for individuals who are new to the cryptocurrency market.

The positioning of Anmrex Exchange is different. It does not merely serve as a localized trading channel but builds its product system based on the logic of a global trading platform. Spot trading, futures, options, AI quantitative trading, API services, cross-chain assets, and multilingual support indicate that its target audience is not limited to coin buyers but also includes active traders, strategy traders, and institutional users.

This is also the biggest difference between the two. A local exchange is more like a security gateway, while Anmrex Exchange is more like a trading system.

Compliance Path: Local Licensing Is More Intuitive, Global Expansion Tests Long-Term Capabilities

The greatest advantage of local exchanges in Malaysia is the more straightforward regulatory identity. For local investors, platforms operating under the Malaysian regulatory framework can more easily establish basic trust and facilitate MYR deposits, withdrawals, and identity verification.

Anmrex Exchange follows a global compliance strategy. According to publicly available information, Anmrex Exchange has obtained the US FinCEN MSB license, relevant SEC permits, and a VASP registration in Poland, and is advancing compliance arrangements through applications with the UK FCA, Singapore MAS, Malaysia RMO, and DAX. The focus of this approach is not to serve only a single region, but to gradually build cross-market operational capabilities.

Therefore, it cannot be simply stated which one is better. The advantage of a local exchange lies in its clear regulatory boundaries; the advantage of Anmrex Exchange lies in its more internationally oriented compliance framework. The former is suitable for local users conducting basic transactions, while the latter is more appropriate for assessing whether a platform possesses the capability for long-term global operations.

Product Features: Local Exchanges Are More Restrained, Anmrex Exchange Is More Complete

Local exchanges typically adopt a restrained approach to product design, focusing primarily on mainstream coin trading, asset custody, fiat currency on-ramp and off-ramp services, and account management. This design is beginner-friendly because it is not complex and prevents users from being exposed to high-risk products right from the start.

The product line of Anmrex Exchange is significantly broader. In addition to spot trading, it also covers futures, options, AI quantitative trading, financial services, API access, and cross-chain asset support. For experienced traders, such features imply a higher degree of strategic flexibility. When the market is rising, spot and trend trading can be conducted; when the market is volatile, risk hedging and position management can be considered. Quantitative and API functions can also serve higher-frequency or more systematic trading needs.

However, having many products does not mean they are suitable for everyone. Anmrex Exchange is more suitable for individuals with some trading experience, rather than for beginners with no risk awareness who directly take heavy positions.

Trading Experience: For Simple Buying and Selling, Use Local Platforms; For Complex Transactions, Use Anmrex Exchange

If only purchasing a small amount of BTC or ETH and holding it for the long term, local exchanges can already meet most basic needs. The operational path is simple, the fiat currency entry point is clear, and the cost of use is easier to understand.

However, when trading needs become more complex, the limitations of local platforms begin to emerge. For example, for activities such as engaging in derivatives trading, using quantitative strategies, accessing APIs, managing multi-asset portfolios, or seeking liquidity opportunities across multiple markets, the product structure of Anmrex Exchange offers a greater advantage.

This is also why I believe Anmrex Exchange is more like an “advanced trading tool.” It does not merely solve the problem of purchasing cryptocurrencies, but integrates trade execution, risk control, asset management, and multi-product portfolios into a single system.

Security Transparency: Regulatory Trust and Technical Risk Control Are Two Separate Logics

The sense of security provided by local exchanges primarily stems from local regulation and compliant operations. This advantage is both direct and significant. For beginners, whether a platform operates within the local regulatory framework often serves as the first layer of judgment.

The security logic emphasized by Anmrex Exchange is more focused on platform-level risk control. According to its publicly disclosed information, the platform adopts cold and hot wallet isolation, with over 90 percent of funds stored in cold wallets. This is combined with mechanisms such as multi-signature, MPC, key sharding, HSM, multi-factor authentication, device recognition, and secondary verification for critical operations. Meanwhile, Anmrex Exchange has disclosed mechanisms including Proof-of-Reserves, internal audits, external audits, and periodic reporting.

This type of information is important for sophisticated traders. This is because exchange security depends not only on whether a license is held, but also on how assets are custodied, how risks are segregated, whether reserves are transparent, and whether account protection is sufficiently granular. The advantage of Anmrex Exchange lies precisely in its relatively comprehensive expression at the level of platform infrastructure.

Who Should Use: It Is Not About Replacement, But Different Stages of Trading

The Malaysian local exchange is more suitable for three types of users: those who are new to cryptocurrency, those who primarily use MYR for deposits and withdrawals, and those who only engage in basic trading of mainstream coins. Its value lies in simplicity, directness, and localization.

Anmrex Exchange is more suitable for another type of person: those who already have some trading experience and wish to use more comprehensive product tools; those who focus on futures, options, AI quantitative trading, cross-chain assets, and API services; and those who hope to execute more complex trading strategies within a single platform.

Therefore, Anmrex Exchange and local Malaysian exchanges are not entirely in the same track. Local exchanges act as an entry point, while Anmrex Exchange functions as a toolbox. The entry point addresses whether one can safely access the market, whereas the toolbox deals with how to trade, manage, and expand strategies after entering the market.

Final Judgment: Anmrex Exchange Is More Suitable for Advanced and Global Trading Needs

To summarize in one sentence: Malaysian local exchanges excel in local compliance and onboarding experience, while Anmrex Exchange excels in product depth, trading tools, security architecture, and global service capabilities.

For beginners, local exchanges may be easier to get started with. For those already familiar with the digital asset market and seeking more trading features, the long-term reference value of Anmrex Exchange is higher. Especially after the competition among exchanges has shifted from “who can buy coins” to “who can provide a more complete trading infrastructure,” integrated platforms like Anmrex Exchange are more likely to attract the attention of professional traders.

A rational choice is not based solely on reputation or the number of licenses, but on the stage of ones own trading needs. For basic buying and selling, a local exchange is sufficiently straightforward. For those seeking a more comprehensive product range, stronger trading tools, and greater connectivity to global markets, Anmrex Exchange merits further consideration.

This document is solely a comparative analysis of third-party platforms and does not constitute any investment advice, trading advice, or promise of returns. Digital asset trading involves risks such as market fluctuations, liquidity, platform operations, and regulatory changes. Independent judgment should be exercised before participation.

Key Highlights

• European markets posted gains Thursday, breaking a three-day losing streak
• Oil prices declined more than 1.5%, with Brent crude sliding under $73 per barrel
• Micron Technology delivered quarterly revenue of $41.46 billion, crushing expectations
• Semiconductor stocks across Europe rallied, with ASM International climbing 5.9%
• Micron forecasts next quarter revenue at approximately $50 billion, significantly above consensus

European stock markets traded higher on Thursday, propelled by two significant catalysts: declining energy prices and exceptional quarterly results from American semiconductor giant Micron Technology.

Brent crude futures declined more than 1.5%, settling below the $73 per barrel threshold. The retreat followed positive developments in US-Iran diplomatic negotiations, which helped eliminate the geopolitical premium that had elevated oil prices in preceding weeks.

The decline in oil prices alleviated inflation pressures throughout the eurozone. This development reduced expectations that the European Central Bank would implement additional rate increases following its 25-basis-point adjustment earlier this month.

Interest rate-sensitive industries including technology and property experienced upward momentum. These segments had faced headwinds from anticipated monetary tightening measures.

The continent-wide STOXX 600 index advanced 0.2%. Germany’s DAX climbed 0.3% while Italy’s FTSE MIB posted a 0.3% gain. France’s CAC 40 remained unchanged. London’s FTSE 100 moved against the trend with a 0.3% decline, weighed down by petroleum majors BP and Shell.

European Chip Sector Soars on Micron’s Blockbuster Report

Micron unveiled fiscal third-quarter revenue reaching $41.46 billion. This figure represented more than a fourfold increase from the $9.3 billion recorded in the same period last year and substantially exceeded the $35.84 billion analyst consensus.

Adjusted earnings per share reached $25.11, surpassing the $20.78 projection. Micron’s shares jumped over 18% during extended trading hours.

The company’s data centre division emerged as the clear winner. Revenue in this segment increased more than seven times to $11.5 billion, fueled by robust demand for memory chips utilized in artificial intelligence infrastructure. Gross margin expanded to 84.9% from 39% year-over-year.

Micron provided guidance for the current quarter’s revenue at approximately $50 billion. This projection represents nearly four and a half times the prior-year figure and significantly exceeds the $43.58 billion analyst consensus.

The company announced it has executed 16 long-term supply contracts with data centre clients and automotive manufacturers, representing anticipated commitments totaling $22 billion across a three-to-five-year timeframe.

European Chip Manufacturers Post Strong Gains

ASM International topped the sector performance with a 5.9% advance. ASML climbed 4.2%, BE Semiconductor Industries advanced 3.8%, Infineon jumped 5.6%, and STMicroelectronics rose 4.3%.

ASML Holding N.V., ASML

The broader STOXX Europe Technology index advanced 1.8%, positioning it among the strongest performers within the STOXX 600.

Goldman Sachs analyst Alexander Duval noted that supply constraints in both DRAM and NAND memory segments, fueled by artificial intelligence demand, establish a favorable near-term environment for European semiconductor equipment manufacturers.

Despite Thursday’s positive performance, European benchmarks remain behind the record-setting advances witnessed on Wall Street and across Asian markets. The region’s substantial allocation to energy and conventional industries restricts its participation in the AI-driven momentum energizing other global markets.

The drop in petroleum prices also pressured energy-related equities, limiting overall index appreciation even as technology shares advanced.

Wallets with identifiable links to sanctioned Iranian entities have moved over $3.84 billion through cryptocurrency exchange CoinEx since 2019, making it one of the main channels used to bypass US economic sanctions, according to blockchain analytics company TRM Labs.

About 60 Iranian platforms were tied to the funds, with $2.7 billion of this flowing between CoinEx and Nobitex, Iran’s largest domestic cryptocurrency exchange, at an average rate of about $1 million per day since 2018, wrote TRM Labs in a Wednesday report.

By 2024, CoinEx was Nobitex’s largest external counterpart, nearly nine times that of the next-largest exchange, a pattern that TRM Labs called “inconsistent with independent market behaviour.”

The report comes three weeks after the US Treasury sanctioned four Iranian crypto exchanges as part of its “Economic Fury” campaign. Days before the sanctions, Treasury Secretary Scott Bessent said the Treasury had seized $1 billion in crypto from Iranian exchanges and wallets since the start of the war.

In a statement published Thursday on X, CoinEx denied having any commercial relationship with the Iranian government or domestic Iranian exchanges and said it has never provided funding channels to sanctioned parties. The exchange also disputed TRM Labs’ interpretation of blockchain data, saying onchain fund flows do not demonstrate a platform’s knowledge of or participation in illicit activity.

Iranian exchanges: CoinEx exposure & share volume, 2025. Source: TRM Labs

Top Iranian exchanges route up to 10% of volume through CoinEx

Most of the major Iranian domestic exchanges route about 5% to 10% of their trading volume through CoinEx, indicating a “coordinated arrangement rather than organic adoption,” according to TRM Labs.

CoinEx’s share of illicit transaction volume is nearly 8%, above the 0.3% threshold found at other compliant exchanges. 

Related: US authorities freeze $344M in crypto linked to Iran

CoinEx-affiliated mining pool ViaBTC accounted for another $154 million in traced exposure to Nobitex through mining payouts and supplied emergency liquidity to Nobitex following Predatory Sparrow’s $90 million hack in June 2025.

Cointelegraph contacted ViaBTC for comment on TRM Labs’ findings but had not received a response by publication.

Nobitex was at the center of Iran’s “digital dollar pipeline” and handled about 50% of the country’s crypto trading volume, according to a June 2 report by blockchain forensics platform Chainalysis.

In May, Nobitex was reportedly linked to members of a powerful family with ties to Supreme Leader Ali Khamenei.

In January, the Office of Foreign Assets Control sanctioned UK-registered Zedcex and Zedxion for being used as front companies for the Iranian Revolutionary Guard Corps (IRGC).

Magazine: Inside the Iranian Bitcoin mining industry

HYPE printed a fresh all-time high near $77 in June 2026, then pulled back toward the mid-50s. With a fee-funded buyback engine pulling one way and a multi-year unlock pulling the other, $100 is possible but far from a given. Here is the realistic path, and what has to break right.

Hyperliquid’s HYPE token reached a new all-time high of roughly $77 in June 2026 before pulling back toward the mid-50s, and the move reignited the question its holders keep asking: can HYPE reach $100 before the year is out?

From the mid-50s, that target is a climb of roughly 70% to 80%, an ambitious but not absurd move for a token that has already delivered enormous gains since its late-2024 launch. The answer is not a simple yes or no, because HYPE sits at the center of an unusually clear tug-of-war.

On one side is a buyback engine that funnels almost all of the platform’s trading fees into buying and burning the token. On the other is a large multi-year schedule of token unlocks that keeps adding supply.

Quick Overview

• HYPE has retreated 22% from its peak of $76.9, now hovering around $66
• Critical support zone between $50 and $54 coincides with the 50-day EMA
• Trader engagement has declined with open interest falling from $2.2B to $1.73B
• Spot market pressure is declining, though spot CVD stays negative at -$95M
• Crypto analyst Altcoin Sherpa identifies $55–$64 as an attractive accumulation range targeting $100

The HYPE token from Hyperliquid has experienced a 22% decline from its all-time peak of $76.9 achieved in recent trading sessions. Currently changing hands near $66, market participants are evaluating whether the bullish momentum that began in January remains intact.

The correction emerged after the token failed to sustain levels above its record high near $76. During midweek trading, HYPE dipped beneath the $60 threshold before finding stability. The 50-day exponential moving average, which has provided consistent support during the March-initiated rally, is now facing a critical test.

Futures market metrics continue to reflect optimistic sentiment. Data from CoinGlass indicates a long-to-short ratio standing at 1.03, accompanied by positive funding rates of 0.0042%. This configuration shows long position holders are compensating short sellers, indicating prevailing expectations for upward price movement.

Spot Market Pressure Shows Signs of Relief

The intensity of spot selling has diminished compared to early June levels. The aggregated spot cumulative volume delta (CVD) has recovered from recent lows, although it maintains a substantially negative reading around -$95 million. When prices dropped from $76 in early June, spot selling pressure peaked at $110 million.

The derivatives landscape tells a more reserved story. Open interest has contracted from $2.2 billion down to $1.73 billion. Derivatives CVD hovers near -$389 million. This suggests market participants are reducing their positions rather than establishing fresh trades.

Social dominance metrics for HYPE have been declining since June 17, currently registering at 0.175% per Santiment data. Increased retail engagement following the all-time highs has emerged, which certain market observers interpret as a potential caution signal for short-term price action.

Spot ETF activity has remained subdued throughout the week, with SoSoValue reporting minimal institutional involvement.

Critical $50–$54 Zone Emerges as Pivotal Support

The most significant support level appears between $50 and $54. This zone aligns with both the ascending 50-day EMA and an unfilled daily fair-value gap. A daily candle closing beneath $53 would mark the first bearish structural shift on the daily timeframe for this year.

Beneath this level, the 100-day EMA positioned at $51.57 represents the subsequent support, with $49 following. More substantial support exists around the $38 level.

Cryptocurrency analyst Altcoin Sherpa provided his perspective on the current market structure: “HYPE, I think anywhere in the 55–64 area is a pretty good place to accumulate this one. I think it goes to $100 later this year personally and is still the best altcoin…but it’s going to also depend a lot on bitcoin IMO.”

For bullish continuation, a daily close exceeding $74.60 would clear the pathway toward establishing fresh highs. The 50-day EMA currently resides at $58.94, the 100-day at $51.57, and the 200-day at $44.68, all positioned below current price action and indicating the broader uptrend structure remains unbroken.

The Relative Strength Index reads approximately 53 on the daily timeframe, while the MACD displays marginally negative values, indicating momentum has moderated without transitioning to bearish territory.