![MARKET PULSE PM AUG 4, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FHQ050525HR017_1754305213.jpg&w=3840&q=100)
MARKET PULSE PM AUG 4, 2025 [WATCH]
Bursa Malaysia ended lower on Monday as investors capitalised on Friday's sharp rally to lock in profits.
The decline signals a healthy market consolidation, driven by profit-taking and heightened caution amid ongoing global economic uncertainties.
The ringgit, however, strengthened to 4.2390 against the greenback.
In the crypto market, Bitcoin continues its downtrend, falling to RM486,998.
Ethereum also dropped to RM15,115, while Solana down to RM695.
That wraps up today's Market Pulse.

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The Star
16 minutes ago
- The Star
SEC ends lawsuit against Ripple, company to pay $125 million fine
FILE PHOTO: A representations of cryptocurrency Ripple is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK (Reuters) -The U.S. Securities and Exchange Commission said it ended its case accusing Ripple Labs of selling unregistered securities, leaving a $125 million fine intact and ending one of the cryptocurrency industry's highest-profile lawsuits. Ripple and the SEC agreed on Thursday to dismiss their appeals of the fine imposed by U.S. District Judge Analisa Torres in Manhattan and her injunction against the sale of Ripple's XRP token to institutional investors. XRP is the third-largest cryptocurrency by market value, trailing bitcoin and Ethereum, according to the market service CoinMarketCap. The SEC sued Ripple in December 2020, near the end of U.S. President Donald Trump's first White House term, accusing it of selling XRP tokens without registering them as securities. In a mixed ruling in July 2023, Torres said XRP was covered by securities laws when sold to institutional investors, while XRP that Ripple sold on public exchanges was not. She imposed the fine in August 2024. Following Trump's reelection, a more crypto-friendly SEC began retreating from some enforcement cases, and together with Ripple asked Torres to lift the injunction and reduce the fine to $50 million. She refused, saying neither side came close to showing "exceptional circumstances" that outweighed the public interest in enforcing the injunction and $125 million fine. The SEC said the dismissal of the appeals means the injunction and fine remain in effect. Stuart Alderoty, Ripple's chief legal officer, in a post on X referred to the SEC's actions and said the dismissals mark "the end" of the case. Since Trump reentered the White House, the SEC has also ended civil lawsuits against crypto exchanges Binance, Coinbase and Kraken. The case is SEC v Ripple Labs Inc, U.S. District Court, Southern District of New York, No. 20-10832. (Reporting by Jonathan Stempel in New York; Editing by Joe Bavier)

Barnama
2 hours ago
- Barnama
Bursa Malaysia Publicly Reprimands MCOM For Failing To Submit Audited Financials
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New Straits Times
3 hours ago
- New Straits Times
Bursa reprimands MCOM Holdings for Leap Market breach
KUALA LUMPUR: Bursa Malaysia has issued a public reprimand to MCOM Holdings Bhd for violating the Leap Market's listing requirements (Leap LR). The exchange said MCOM had breached Rule 6.13 of the listing requirements by failing to disclose its annual audited financial statements, along with the required information under Part B of Appendix 6A, as well as the auditors' and directors' reports. The reprimand was imposed under Rule 8.12 of the LEAP LR after the conclusion of due process, with Bursa considering all relevant facts, including the seriousness and impact of the breach. "MCOM has yet to announce the reports as at to-date," it said. Bursa Malaysia also instructed MCOM to make sure its board of directors reviews whether the company has enough skilled finance and accounting staff, and checks if its financial reporting policies and procedures are clear, complete, properly implemented and effective. The bourse said it takes the breach seriously because submitting financial statements on time is a basic and important duty of listed companies. It reminded MCOM of its responsibility to uphold proper corporate accountability to shareholders and the public.