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Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index falling by more than 2% and the Hang Seng Tech Index falling by 1.6%.On June 22, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4570%, and the lowest was 0.7180%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0310%, and the lowest was 1.0020%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0270%, and the lowest was 1.0020%.On June 22, Iranian media reported that Iranian Foreign Ministry spokesman Baghae said that Iran and the United States reached an agreement after 18 hours of negotiations, and the text will be released by the two mediators, Qatar and Pakistan. Baghae stated on the 22nd that the Iran-US negotiations discussed the groundwork for launching negotiations on a final agreement. All parties agreed that the technical working groups would continue to work on the issues needed to effectively implement the Iran-US memorandum of understanding. "The work of the negotiating teams has come to an end," Baghae said, adding that Iran and the US discussed issues such as issuing licenses for Iranian oil sales and unfreezing Iranian assets, making good progress. Baghae said, "In a sense, we had a very long day. The talks started on Sunday morning. During the four-party talks, the United States made threatening statements, leading Iran to announce that it was unwilling to continue the four-party talks under these circumstances." He also stated that Qatar and Pakistan are committed to continuing the negotiations, but Iran will not continue negotiations in the form of a four-party meeting.Hong Kong-listed Zhipu (02513.HK) continues its upward trend, with its share price breaking through HK$2,500, currently up over 20%.The total market capitalization of Zhipu (02513.HK) in Hong Kong exceeded HK$1 trillion during trading, with a year-to-date increase of over 1900% and a current increase of over 12%.

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.