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On May 17th, the 2026 World Telecommunication and Information Society Day Conference was held in Wuhan, Hubei Province. Zhong Zhihong, Chief Engineer of the Ministry of Industry and Information Technology, stated that in recent years, Chinas information and communication industry has made solid progress in modernization, building the worlds largest, most widely covered, technologically advanced, and high-performance information and communication network. 5G, gigabit optical networks, and the Industrial Internet (885783) have significantly helped enterprises reduce costs, improve quality, increase efficiency, and save energy. A series of practical measures to address public concerns and improve public welfare have been implemented effectively, providing strong support for accelerating the development of new productive forces and promoting new industrialization. The conference released important achievements such as the "Ten Practical Measures for Heartwarming Information and Communication Services in 2026" and the nationwide application of the National Emergency Communication Convergence Access Platform.Israel Defense Forces: Initial reports indicate that alarms have been raised regarding enemy aircraft infiltration in the Miskaf-Am area. Further details are under investigation.On May 17th, it was reported that the USS Gerald R. Ford aircraft carrier returned to Naval Station Norfolk, Virginia, on May 16th, concluding its 11-month deployment. According to US sources, the USS Gerald R. Fords deployment lasted 326 days, breaking the record for the longest deployment by a US aircraft carrier since the Vietnam War. Since June of last year, the USS Gerald R. Ford has participated in US military operations against Venezuela and Iran. The extended deployment has led to fatigue among the USS Gerald R. Ford and its crew, resulting in numerous ship malfunctions. It is reported that the USS Gerald R. Ford issued 32 requests for wastewater treatment system maintenance by 2025. In March of this year, a fire broke out in the ships stern laundry room, injuring three sailors and requiring treatment for smoke inhalation by more than 200 others. The USS Gerald R. Ford was subsequently forced to withdraw from the Middle East theater of operations, undergoing repairs and maintenance in ports in Greece and Croatia.According to CNBC, Estonias defense minister warned that prices for European defense products have risen by more than 50%, complicating NATOs rearmament efforts and the urgent aid to Ukraine to counter Russia.The South Korean presidential office said on Sunday that South Korean President Lee Jae-myung will hold a summit with Japanese Prime Minister Sanae Takaichi next Tuesday.

Crypto Exchange FTX’s US Arm Set To Introduce Stock Trading

Jimmy Khan

May 20, 2022 09:29

微信截图_20220520092605.png


This will be a first in the cryptocurrency market, since no other cryptocurrency exchange has ever directly traded US stocks.


FTX cryptocurrency exchange, unveiled its newest initiative in a press release today, which is unprecedented ground for its rivals.


FTX.US, the crypto exchange's US subsidiary, will be the first to implement the functionality, which will bring regulated stock trading to its site.

Crypto X Stocks

Combining bitcoin with stock trading is not a new concept; Binance pioneered it in its own distinctive manner last year.


Binance provided crypto assets that were related to the value of shares of companies like Tesla, Apple, and Coinbase, rather than simply putting US equities onto the exchange.


Binance, however, discontinued providing this service to investors after being pressured by regulatory agencies from all across the globe.


FTX, unlike Binance, will not sell crypto tokens that monitor stock values; instead, it will offer regulated US shares directly.


FTX Capital Markets, as an associated broker-dealer registered with the SEC and a member of FINRA/SIPC, shall provide these services.


Brett Harrison, president of FTX US, said of the launch,


"Our objective is to provide our clients with a comprehensive investment solution across all asset classes." We have established a single integrated platform for retail investors to trade crypto, NFTs, and conventional stock offerings via a clear and straightforward user interface with the introduction of FTX Stocks."


Stock trading on the exchange is expected to be accessible within the next several months, with no commission costs.


FTX US will also let its customers to fund their accounts using the stablecoin USD Coin (USDC),


This will be a significant chance for the exchange to establish itself as a major participant in the crypto and even stock trading markets.

On the Charts: FTT

While the exchange is progressing in its own right, the performance of its native token, FTT, has been less than stellar in recent days.


FTT recovered 10.46 percent after falling 25.27 percent during the week-long meltdown on May 5, but the gain was nullified yesterday as the price plunged 7.63 percent.


As a consequence, despite numerous tries, FTT has been unable to break out of the negative zone it has been locked in since the first week of April, nor has it been able to signal a bullish crossing at the same time.

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