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According to RT: A massive explosion occurred in Kyiv, Ukraine, causing widespread power outages.The mayor of Kyiv, Ukraine, said a nine-story apartment building in Kyiv caught fire after a Russian attack.1. US crude oil futures closed up 5.85% at $92.47 per barrel; Brent crude oil futures rose 4.62% to $95.33 per barrel. The sudden shift in Middle East geopolitical tensions, with Iran suspending negotiations with the US and planning a complete blockade of the Strait of Hormuz (which handles about 20% of global oil transport), fueled concerns about supply disruptions. Meanwhile, US commercial crude oil inventories fell by 3.327 million barrels last week, keeping global crude oil inventories at low levels, further driving up oil prices. 2. International precious metals futures generally closed lower. COMEX gold futures fell 1.70% to $4514.80 per ounce, and COMEX silver futures fell 0.96% to $75.15 per ounce. The fluctuating Middle East situation pushed up inflation and interest rate hike expectations, while policy disagreements in the US created market uncertainty. Interest rate hikes increased the cost of holding gold, and in the battle between bulls and bears, bearish forces dominated the market. 3. Most London base metals rose, with LME tin up 2.50% to $56,805.0/ton, LME aluminum up 1.80% to $3,732.5/ton, LME copper up 1.79% to $13,879.5/ton, LME zinc up 1.19% to $3,582.0/ton, LME nickel up 0.86% to $19,225.0/ton, and LME lead down 0.20% to $2,012.0/ton. 4. The three major U.S. stock indexes closed slightly higher, with the Dow Jones Industrial Average up 0.09% to 51,078.88 points, the S&P 500 up 0.26% to 7,599.96 points, and the Nasdaq Composite up 0.42% to 27,086.81 points. All three major U.S. stock indexes continued to reach new closing highs. Salesforce rose more than 9%, and IBM rose more than 7%, leading the Dow Jones gains. 5. European stock markets closed lower across the board. The German DAX index fell 0.40% to 25,003.04 points; the French CAC40 index fell 0.45% to 8,146.59 points; and the UK FTSE 100 index fell 0.68% to 10,338.95 points. 6. US Treasury yields were mixed. The 2-year Treasury yield rose 3.09 basis points to 4.031%, the 3-year Treasury yield rose 3.14 basis points to 4.082%, the 5-year Treasury yield rose 2.62 basis points to 4.163%, the 10-year Treasury yield rose 1.77 basis points to 4.453%, and the 30-year Treasury yield fell 0.20 basis points to 4.970%.Eyewitness: Ukrainian air defense systems are defending against air attacks over Kyiv.June 2nd - According to the official Weibo account of Qwen Big Model, Alibaba officially released the Qwen3.7-Plus multimodal intelligent agent model on June 2nd. The model, based on the text capabilities of Qwen3.7, has comprehensively upgraded its visual-language capabilities while maintaining full intelligent agent capabilities in coding, tool usage, and productivity workflows.

Crypto lender Voyager Digital gets approval to return $270 million to customers

Alice Wang

Aug 05, 2022 15:16

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Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the U.S. Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the US Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


According to the Journal, Judge Michael Wiles, who is in charge of Voyager's bankruptcy, said the firm had "sufficient grounds" to back up its claim that clients should be given access to the custodial account kept at Metropolitan Commercial Bank.


The business did not immediately respond to requests for comment.


Voyager, one of several businesses that struggled after the widespread turbulence on the cryptocurrency market, filed for Chapter 11 last month.


Voyager reported that it had between $1 billion and $10 billion in assets and liabilities, as well as over 100,000 creditors, in its bankruptcy case.


The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) issued an injunction to the firm last week directing it to stop making "false and misleading" promises about the government's protection of its clients' cash.


The firm only had a bank account at Metropolitan Commercial Bank, according to the authorities, and none of the investors using its platform were covered by the FDIC.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager saw a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. Lenders have suffered from the recent decline in cryptocurrency markets, which was brought on by the failure of two significant tokens in May.