EUR/USD 1.17797
0.486%
Gold 4723.80
0.784%
Oil 92.012
-2.817%
USD/JPY 156.725
-0.130%
GBP/USD 1.36276
0.570%
GBP/JPY 213.582
0.450%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Israeli Prime Minister Netanyahu: The war with Iran is not over yet.Israeli Prime Minister Benjamin Netanyahu told CBS that while much of Iran’s capabilities have been weakened, much work remains to be done because Iran still possesses considerable strength.According to Saudi media outlet alhadath, Israeli Prime Minister Benjamin Netanyahu stated that Iran continues to support its proxies and armed groups, and that Iran is seeking to produce more ballistic missiles.Domestic News: 1. Suzhou City optimizes housing provident fund usage policies. 2. Shanxi Province adjusts housing provident fund loan and withdrawal policies. 3. Global chip LOF trading will be suspended from Mondays opening until 10:30 AM. 4. The Ministry of Commerce issues a notice regarding the implementation of beef safeguard measures for 2026. 5. The State General Administration of Sport: Focus on athletes performance on the field, and will not organize or participate in birthday celebrations or similar activities. 6. He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will lead a delegation to South Korea from May 12th to 13th to hold trade consultations with the United States. International News: 1. US Energy Secretary: The government is open to suspending fuel taxes. 2. Spanish official: All personnel on the "Hondias" ship are asymptomatic, and repatriation is expected to be completed tomorrow. 3. US Treasury Secretary Bessenter: I will depart on Monday for a series of brief meetings in Japan and South Korea. 4. Middle East situation—① Iran says it will enter a new operational area if the enemy attacks again. ② Irans response to the US proposal has been delivered through Pakistan. ③ A Qatari liquefied natural gas (LNG) carrier passed through the Strait of Hormuz for the first time in approximately 70 days. ④ Iranian Navy Commander: Domestically built light submarines are on standby in the Strait of Hormuz. ⑤ Trump: The U.S. has been monitoring the enriched uranium buried by Iran under the rubble, and will immediately be notified if anyone approaches and will destroy it.On May 10th, according to NBC News, U.S. Energy Secretary Wright stated in an interview that the Trump administration is "open to all ideas" to lower gasoline prices, including suspending the federal fuel tax. According to data from the American Automobile Association, the average price of gasoline across the U.S. surged to $4.52 per gallon on Sunday, an increase of more than 50% since the start of the war with Iran. Wright added that everything comes at a price. He stated that he cannot predict energy prices in the short to medium term. However, what the U.S. government is doing now is ending the 47-year confrontation with Iran. When pressed again about whether gasoline prices would reach the $5 mark, Wright said he "didnt want to predict prices."

Apollo holds crypto for clients as it expands in digital assets

Skylar Shaw

Nov 01, 2022 15:50

微信截图_20221101112121.png


In a significant effort to introduce bitcoin to institutional investors, one of the biggest asset managers in the world, Apollo Global Management Inc., has started storing cryptocurrency on behalf of its customers via a collaboration with the digital asset exchange Anchorage Digital.


The decision was made amid a difficult year for the cryptocurrency industry, with bitcoin, the biggest digital asset in the world, down more than 50% since the beginning of 2022 as investors seemed uneasy about the world's historically high inflation rates.


Diogo Mónica, president of Anchorage Digital, a cryptocurrency company that possesses a national trust bank license from the Office of the Comptroller of the Currency, said: "It's the affirmation of this relentless drumbeat that [crypto] is here to stay." "The fact that there is short-term volatility doesn't really matter for the huge institutions since this is a process and technology with a very long time horizon."


Apollo said its partnership with Anchorage goes back to the middle of last year, when the company first started looking into how to best protect its customers' crypto assets. Apollo refused to specify what kinds of crypto assets it now owns. Apollo subsequently took part in the Series D investment round for Anchorage, which was completed in December 2021.


Adam Eling, chief operating officer of Apollo's digital assets division, stated, "We look forward to cooperating with Anchorage for the protection of client assets as we explore innovative ways to deploy blockchain technology throughout Apollo's company."


Mónica said that negotiations regarding how Anchorage can eventually strengthen its partnership with Apollo are already underway.


Christine Moy, a former executive at JPMorgan Chase who was recruited by Apollo in April, will oversee the company's digital asset strategy and play a crucial role in its investment choices in cryptocurrencies, blockchain technology, and Web3, a decentralized version of the internet.

Suggestion