Last Week Recap on Capital One, INFINOX, FundedNext; SafeMoon Ex-CEO Sentenced; FCA Warning List Update; AI Chatbots, CFTC Retail FX Report

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. The below is the selected highlights of last week.

Capital One Completes Acquisition of Discover

Capital One Financial Corporation has announced the completion of its acquisition of Discover Financial Services. The deal brings together two companies in the financial services sector.

INFINOX Reports Triple-Digit Revenue Growth, Opens New London HQ

Global financial services firm INFINOX has reported a 233% increase in revenue for the period of January-April 2025, compared to the same period in 2024. The company has cited this growth as an indicator of its accelerating momentum and expanding global reach.

FundedNext Launches Brokerage Arm FNmarkets, Eyes Global Licenses

FundedNext, a proprietary trading firm established in 2022, has officially entered the brokerage sector with the launch of FNmarkets today, Tuesday, May 20, 2025. The new brokerage brand is currently authorized in Comoros and has already applied for licenses in Mauritius and from the Dubai Financial Services Authority (DFSA). FNmarkets anticipates receiving authorization from the Mauritius Financial Services Commission (FSC) in early Q3 2025.

Former SafeMoon CEO Braden John Karony Found Guilty on Felony Counts

A New York jury has found Braden John Karony, the former CEO of cryptocurrency firm SafeMoon, guilty on three felony counts. The verdict concludes a two-week trial that reportedly offered a rare courtroom examination into the internal operations of a digital asset company.

UK FCA Issues Warning Against 41 Unauthorized Companies, Including 3 Finfluencers

The United Kingdom's Financial Conduct Authority (FCA) issued warnings against 41 new entities from May 12 - 17, 2025, that are soliciting customers in the UK jurisdiction without any licenses or are clones of authorized platforms.

According to the regulator, only 1 of the warned entities is clone, and the rest 40 are unauthorized firms, including 3 finfluencers.

Bridging the Gap: How AI-Powered Chatbots Are Changing Forex Customer Support

The forex market never sleeps, and neither do traders. Whether it’s a midnight inquiry from Tokyo or an early-morning request from London, forex brokers are expected to provide instant, seamless support—24/7. But let’s be real: maintaining a non-stop customer service team is expensive, exhausting, and often inefficient.

Enter AI-powered chatbots—the silent workhorses of modern forex support. These intelligent assistants don’t just respond faster; they cut costs, handle high volumes of inquiries, and ensure traders get the answers they need anytime, anywhere. But how do they actually transform customer service, and what should brokers consider before implementing them?

In this article, we’ll dive into how AI-driven chatbots are revolutionizing forex support and the key factors brokers need to keep in mind to make the most of this game-changing technology.

Latest CFTC Report Shows Retail Forex Funds in US See A 3.58% Bounce Back in March 2025​

The latest monthly report released by the US Commodity Futures Trading Commission (CFTC) indicates a rebound in retail forex deposits for March 2025 compared to February. The total volume across six institutions increased slightly by 0.59% month-over-month, reaching $530,108,292.