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The yield on Japans five-year government bonds rose 3 basis points to 1.715%.The yield on Japans two-year government bonds rose 1.5 basis points to 1.29%.On February 9th, Nan Hua Futures reported that a research report indicated the fundamentals for a platinum-palladium bull market remain intact in the medium to long term. It is expected that the Federal Reserve will maintain its loose monetary policy stance in the first half of 2026, and increased central bank gold purchases, safe-haven demand, and investment demand will continue to push precious metal prices higher. While the nomination of Walsh, a supply-side economist, as Fed Chair has raised concerns about a potential breakdown in the support logic for precious metals (as Fed balance sheet reduction boosts dollar credibility), the US lacks the conditions for producing another "Volcker" before a disruptive breakthrough in AI technology. Furthermore, there is a conflict between "Trumps urgent need to lower medium- and long-term interest rates under midterm election pressure" and "balance sheet reduction pushing up term premiums and driving up long-term interest rates." Although the Fed expanded its balance sheet at the end of December last year, resulting in marginal improvement in liquidity, narrow reserves remain low, and dollar liquidity is tighter than it has been since the pandemic. Under these multiple pressures, Walshs nomination has limited impact, and a trend of liquidity expansion is highly probable. Given the high volatility in platinum and palladium, position control is crucial. Due to the discontinuity between domestic and international trading sessions, the opening price of platinum and palladium often references the overnight trading session in other countries. Investors should pay attention to international market prices and be wary of opening gaps. (This content and opinion are for reference only and do not constitute any investment advice.)The Ministry of Commerce will hold a press conference at 3:00 p.m. on Thursday, February 12, 2026, where a spokesperson will introduce the relevant situation of key work in the commercial field recently and answer questions from reporters.On February 9th, reports surfaced that Samsung Electronics was about to begin mass production of HBM4 memory chips used to build artificial intelligence infrastructure, sending the companys stock price up 6.4%. According to Yonhap News Agency, the South Korean tech giant plans to ship the semiconductor to Nvidia, a leader in AI accelerators, as early as the third week of February. Industry sources say these HBM chips will power the US companys upcoming Vera Rubin AI accelerator. Samsungs progress in high-bandwidth memory development indicates it is closing the gap with domestic competitors. As of last Fridays close, Samsungs stock price had risen more than 30% this year, as rising memory chip prices benefited all major players in the industry. Samsung may also have benefited from AI-related gains in the US stock market linked to data center construction. The four largest hyperscale companies plans to spend approximately $650 billion this year also contributed to Nvidias stock price rising nearly 8% last Friday.

China Slams Illegal Websites and Accounts for Exaggerating BTC Returns

Alice Wang

Aug 10, 2022 14:20

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China is actively pursuing websites and social media accounts that are promoting cryptocurrencies illegally.


Cyberspace Administration of China (CAC), the nation's main internet censor, said on Tuesday that it has launched a cleanup effort to deal with unlawful bitcoin (BTC) ads that overstate potential investment returns.


The CPC Central Committee's decisions and deployments have been implemented by the Cyberspace Administration of China since the year's beginning, and various actions have been taken to deal with and clean up a number of illegal information, accounts, and websites that advertise and promote virtual currency.


In a note titled "Further Preventing and Handling Hype Risks in Virtual Currency Transactions," the CAC calls on internet platforms to step up efforts to combat fraudulent cryptocurrency advertisements.


12,000 illegal user accounts were shut down by Weibo and Baidu.


Weibo and Baidu, two behemoths of social media, have terminated 12,000 user accounts that were judged to be "illegal" as part of what the central cyber arm termed a "high-pressure assault on virtual currency transaction speculation."


The translation of the official statement said that the ejected accounts included those of @ICE Blizzard and @Coin Circle Baoye's creator.


The CAC has also removed over 51,000 false and unlawful messages that claimed it was simple to profit from Bitcoin investments.


In compliance with the legislation, the department shut down 989 Sina Weibo accounts, Baidu Tieba accounts, and WeChat public accounts altogether.


Additionally, the local information department has been directed to examine more than 500 corporate organizations, such as "chain nodes" and "venture capital circles," that are participating in such cryptocurrency advertising by the central internet.


The Cyberspace Administration of China will shut down 105 internet platforms, including "Bi Toutiao," which specializes in promoting virtual currency marketing and dissects cross-border currency speculation and virtual currency mining in lessons.


The Chinese Cyberspace Administration said that the next stage in preventing the dissemination of false and illicit financial information about cryptocurrencies would be collaboration with relevant agencies.


CAC did not specify which departments it would be working with, however.


China has been stricter with its cryptocurrency rules in recent years, and in 2021 it will completely outlaw cryptocurrency mining.

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