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Commander-in-Chief of the Armed Forces of Ukraine, Sergei Syrsky: The US peace plan has not restricted Ukraines mobilization.On December 30th, according to Russias TASS news agency, Russian presidential aide Ushakov stated on the 29th that US President Trump spoke with Russian President Putin that day, briefing him on his meeting with Ukrainian President Zelensky at Mar-a-Lago the previous day. Trump said that during the meeting, he advised Ukraine not to try to buy respite for frontline troops, but to focus on reaching a comprehensive agreement to effectively end the conflict. Putin stated in the call that actions such as the Ukrainian drone attack on the Russian presidential residence would receive the "strongest response."On December 30th, amid a general sell-off in precious metals, the worlds largest silver ETF, iShares Silver Trust (SLV), fell nearly 9% intraday, heading towards its biggest single-day drop since 2020. Todays decline has pulled prices back to near pre-Christmas holiday levels. Despite todays sharp drop, SLV is still up over 140% year-to-date. According to fund documents, to meet the surge in demand this year, SLV had added nearly 67 million ounces of silver as of last Friday. However, analysts point out that while this figure seems large, it represents only a small fraction of total global silver demand this year. They emphasize that strong demand from solar panel manufacturers and increased imports from India (where precious metals are far more popular among savers than in the US) are the main drivers of overall demand growth.EIA Natural Gas Report: For the week ending December 19, total U.S. natural gas inventories were 3.413 trillion cubic feet, down 166 billion cubic feet from the previous week and down 129 billion cubic feet from the same period last year, a year-on-year decrease of 3.6%, while also 24 billion cubic feet below the 5-year average, a decrease of 0.7%.U.S. natural gas futures maintained their upward trend, currently up 5.2%; the EIA report showed that the inventory decline was in line with expectations.

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.

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