Tiger Brokers

Chinese stock

2026-10-07 13:42:44

Gate data shows most popular U.S.-listed Chinese stocks falling, with Futu down over 7%

Most widely watched U.S.-listed Chinese stocks were in the red, according to market data cited by ChainCatcher from Gate. Futu Holdings posted the steepest decline among the names mentioned, falling more than 7%. Tiger Brokers slipped nearly 4%, while Baidu and TSMC each dropped more than 2%. Alibaba was also lower, down close to 2%. The update was published as a market analysis newsflash by ChainCatcher and cited Gate market data as the source for the price moves. No additional context or timeframe beyond the quoted snapshot was provided in the original item.

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Li Lin

2026-08-12 03:00:34

From Avenir to UMX: Li Lin returns with a bet on a unified market

UMX, a platform incubated by Li Lin’s Avenir Group, entered public beta in the summer of 2026, putting the Huobi founder back at the center of crypto industry discussion. The move comes 13 years after Li launched Huobi in 2013, when the main challenge was making Bitcoin trading easier for a broader user base. Since founding Avenir Group in Hong Kong in 2023, Li has shifted from exchange operator to investor and allocator, building positions across digital assets, brokerage, trading infrastructure and cross-market rails. The article traces that investment map through Avenir’s more than 10% stake in UP Fintech, its role as a core investor in OSL’s $300 million equity financing, investments in CoinRoutes, SignalPlus and Inference Research, a $500 million quant partner program, and BitTrade’s acquisition through New Huo Group. According to SEC 13F filings, Avenir has ranked first in Asia for institutional Bitcoin ETF holdings for eight consecutive quarters, with more than 18 million shares of BlackRock’s IBIT alone. UMX, short for The Unified Market Exchange, is presented as an attempt to answer a new problem: how professional investors can manage BTC, stablecoins, U.S. stocks, ETFs, options and yield products within one account structure, one capital framework and one risk system as crypto and traditional finance increasingly converge.

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Cross-Border

2026-07-29 10:04:15

China’s cross-border brokerage crackdown revives the case for tokenized equities

A TechFlowPost opinion piece argues that China’s tightening campaign against cross-border U.S. stock brokerage services has turned access to asset allocation into a broader question of financial stratification. The article says that after June 12, 2026, mainland Chinese users of Futu and UP Fintech’s Tiger Brokers could still hold, sell, and withdraw positions, but could no longer add funds or increase exposure. It links that shift to a wider policy framework in which Chinese regulators, led by a joint plan from eight agencies including the China Securities Regulatory Commission, seek to shut down illegal cross-border securities, futures, and fund activity within two years, while banning new account openings and inbound capital immediately. The piece traces a regulatory timeline from talks with Futu and Tiger in November 2021, to the companies being labeled illegal operators in December 2022, app removals in May 2023, and formal probes plus the new joint cleanup in May 2026. It also cites fines of RMB 1.85 billion and RMB 410 million, premarket share-price drops of 45% and 30%, Hong Kong’s roughly HK$285 billion in IPO proceeds in 2025, and the rising weight of information technology in China’s CSI 300. Against that backdrop, the author argues that tokenized stocks and other on-chain real-world assets may become a new distribution layer for global productive assets, especially for investors who are locked out of traditional brokerage channels.

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cross-border

2026-07-29 09:59:25

As China tightens access to U.S. stocks, tokenized equities enter the debate over the next gateway

China’s clampdown on cross-border brokerage access has sharpened a question that reaches well beyond securities regulation: what happens when households still want global productive assets, but the buy button disappears? The source article centers on mainland users of Futu and UP Fintech’s Tiger platform, who after June 12, 2026 can still hold positions, sell, and withdraw funds, but can no longer deposit money, buy, or add to positions. It also outlines a broader enforcement timeline, from regulatory talks in 2021 to app removals in 2023 and a formal multi-agency cleanup campaign in 2026. From there, the piece moves into the gap between state capital priorities and individual portfolio demand. It contrasts the concentration of global equity benchmarks in large U.S. technology and AI names with the structure of China’s domestic market, cites overseas ETF premiums in A-shares, and argues that the resulting mismatch is creating pressure for alternative rails. That is where crypto re-enters the discussion, not through payments alone, but through tokenized stocks and on-chain real-world asset products. The article points to growth in tokenized equity market value and trading volume, then extends the argument to AI-era financing, where companies compete globally for capital, resources, and investor attention.

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Morgan Stanle

2026-07-28 13:53:27

Morgan Stanley Asset Management launches spot ETH and SOL ETPs as Kalshi losses, x402 flaws and options lawsuit draw scrutiny

Morgan Stanley Investment Management has rolled out two new crypto exchange-traded products, adding spot Ethereum and Solana exposure to its existing Bitcoin lineup. The new products, MSSE and MSOL, are listed on NYSE Arca with 0.14% fees and are expected to stake part of their ETH and SOL holdings, while the firm says it will not retain staking rewards. The daily roundup also highlighted several other developments. Prediction market platform Kalshi’s parlay bets have led retail traders to lose about $294 million, with research pointing to systematic overpricing in cross-event parlays. A July 21 study said 15 major x402 payment providers had 31 previously unknown vulnerabilities affecting 99% of relevant transactions during the study period, though it did not conclude that all x402 payments or Coinbase itself were vulnerable. Elsewhere, Solido Money said an attack led to the theft of about 293.7 million SUPRA, with around 220 million tokens sent to suspected Gate deposit addresses. In a separate case tied to Futu and Tiger Brokers options trading, a lawsuit brought by Susquehanna and Citadel Securities now involves more than 310 accounts, with plaintiffs seeking over $137 million in allegedly suspicious profits.

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Futu Securiti

2026-07-27 13:49:24

Futu and Tiger-linked options case expands to 310 accounts, with 8 traders making over $80 million

BlockBeats reported on July 27 that Futu Clearing, the U.S. clearing arm under Futu Securities, and TradeUP, the U.S. brokerage entity under Tiger Brokers, have provided plaintiffs in related litigation with information on more than 310 accounts suspected of involvement in options insider trading. The figure was previously around 100 accounts and has now risen to 310. Preliminary analysis cited in the report said the alleged illegal gains were concentrated among a small group of traders. Just eight traders made more than $80 million from the transactions, accounting for nearly 60% of the plaintiffs’ estimated total illegal profit of $137 million. Those traders were accused of making large early purchases of short-dated options tied to Futu and Tiger Brokers before regulators released broker rectification documents. The related accounts were later frozen. The report added that not all account holders have been formally named as defendants, and participation in the trading does not by itself mean insider trading has been legally established. The case remains under investigation and in litigation.

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Futu Holdings

2026-07-24 11:22:51

Caixin: Third Defendant in Futu, UP Fintech Insider Trading Case Identified as Yang Jingyao

Caixin reported that a third defendant has surfaced in the closely watched U.S. stock options insider trading case involving Futu Holdings and UP Fintech, the parent company of Tiger Brokers. A declaration filed in a U.S. court on July 23 identified the defendant as Yang Jingyao, who said he has been a Hong Kong resident since 2020 and stated that his personal assets exceed his liabilities and that he has no overdue debts. Public filings on the Hong Kong Stock Exchange show that a person with the same Chinese name, Yang Jingyao, is the single largest shareholder of Hong Kong-listed Glory Sun International and was also the offeror in a previous mandatory general offer. Exchange documents describe that Yang as a 32-year-old businessman and private investor. Caixin added that there is currently no public evidence showing that the securities accounts or funds covered by the U.S. court restraining order are linked to the failed offer involving Glory Sun International. The report also referenced allegations filed by Susquehanna International Group, which said unknown insiders bought put options on Chinese brokers before Chinese regulators moved against cross-border brokerages including Futu and Tiger Brokers on May 22.

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insider tradi

2026-07-24 09:25:16

SEC Probes Insider Trading in Futu, Tiger Brokers Options Bet That Yielded $100M Profit

Unknown traders made over $100M by betting against Futu and Tiger Brokers before China's crackdown. Market maker Susquehanna lost $70M and sued. The SEC is investigating, and a federal judge has frozen related accounts.

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