PANews reported on November 3rd that, according to Bloomberg, the reverse merger between Animoca Brands and Currenc Group Inc. is expected to close in 2026. This transaction marks Animoca's return to the public market after being delisted from the Australian Securities Exchange in 2020 for violating listing rules. The Currenc merger is subject to approval from regulators in the United States and Australia (where Animoca's corporate entities are located), and also depends on Animoca's ability to provide audited financial statements for the past few years. Xiao Yi stated that Animoca is profitable but has not yet released its financial results for this year. Although both parties have signed a letter of intent, the final merger agreement is still being finalized. The two companies have agreed to a three-month exclusivity period to finalize terms, and Currenc, which provides remittance and other financial services, plans to divest some of its businesses during the merger process. Executive Chairman Yat Siu stated that Animoca, with over 700 employees, also plans to open an office in New York. He added that US President Donald Trump's support for the cryptocurrency industry was a significant factor in this decision. Previously, it was reported that Animoca Brands planned to pursue a Nasdaq listing through a reverse takeover .PANews reported on November 3rd that, according to Bloomberg, the reverse merger between Animoca Brands and Currenc Group Inc. is expected to close in 2026. This transaction marks Animoca's return to the public market after being delisted from the Australian Securities Exchange in 2020 for violating listing rules. The Currenc merger is subject to approval from regulators in the United States and Australia (where Animoca's corporate entities are located), and also depends on Animoca's ability to provide audited financial statements for the past few years. Xiao Yi stated that Animoca is profitable but has not yet released its financial results for this year. Although both parties have signed a letter of intent, the final merger agreement is still being finalized. The two companies have agreed to a three-month exclusivity period to finalize terms, and Currenc, which provides remittance and other financial services, plans to divest some of its businesses during the merger process. Executive Chairman Yat Siu stated that Animoca, with over 700 employees, also plans to open an office in New York. He added that US President Donald Trump's support for the cryptocurrency industry was a significant factor in this decision. Previously, it was reported that Animoca Brands planned to pursue a Nasdaq listing through a reverse takeover .

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more