EUR/USD 1.16415
0.311%
Gold 4567.49
1.315%
Oil 91.396
-4.063%
USD/JPY 158.831
-0.208%
GBP/USD 1.34817
0.314%
GBP/JPY 214.136
0.114%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Chart: Asian market data for Monday, May 25, 2026On May 25th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.5120%, and the lowest was 0.7120%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0270%, and the lowest was 0.0030%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0500%, and the lowest was 1.0000%.On May 25th, at the International Symposium on Circuits and Systems (ISCAS 2026), He Tingbo, Director of Huawei and President of its Semiconductor Business Unit, stated that the Kirin mobile phone chip, slated for release this fall, is the first to adopt logic folding technology, resulting in a significant performance improvement. He Tingbo said, "The Kirin 2026 mobile phone chip represents the first successful implementation of logic folding technology. In the next ten years, we will continue to move towards full folding, and even more layers of folding, continuously optimizing the entire stack performance from devices and circuits to chips and systems."The yield on Japans 5-year government bond fell 2.0 basis points to 1.980%.On May 25th, Yu Yuan Tan Tian published an article stating that the nine-year technological competition between China and the US has yielded two conclusions: First, it is impossible for the US to disrupt Chinas technological development through extreme pressure. Over the past nine years, the so-called "decoupling" has even spurred breakthroughs in Chinese technology: the production capacity of mature chip manufacturing processes has continued to ramp up, achieving a historic breakthrough in integrated circuit product exports exceeding one trillion yuan; "bottleneck" technologies are being continuously tackled; and domestic large-scale substitution has been achieved in areas such as chip etching and packaging. Second, cooperation can create space for common development for both China and the US. Today, China and the US are almost simultaneously at the forefront in fields such as artificial intelligence, advanced manufacturing, new energy, and quantum technology. Many issues require joint solutions from both sides.

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

Alice Wang

Aug 05, 2022 15:16

微信截图_20220805145311.png


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.

Suggestion