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September 14th news: From September 7th to September 13th, the national logistics operation data is as follows: National railways transported 82.651 million tons of freight, a 6.1% increase compared to the previous period; 58.467 million trucks passed through national expressways, a 2.98% increase compared to the previous period; monitored ports handled 270.168 million tons of cargo, a 0.27% decrease compared to the previous period, and 7.15 million TEUs of containers, a 2.57% increase compared to the previous period; civil aviation handled 122,000 flights (including 5,193 cargo flights, comprising 3,170 international cargo flights and 2,023 domestic cargo flights), a 1.33% decrease compared to the previous period; postal and express delivery collection volume was approximately 4.065 billion pieces, a 0.47% decrease compared to the previous period; delivery volume was approximately 4.068 billion pieces, a 0.51% decrease compared to the previous period.ExxonMobil (XOM.N) executives: LNG infrastructure has boosted market confidence, and the market is expected to rebalance quickly.On September 14th, the International Electrotechnical Commission (IEC) released the international standard "Distributed Multi-Energy Systems Part 1: General Principles," led by my country. This standard, drafted by a working group convened by Chinese experts and jointly developed with experts from 10 countries including Switzerland, France, and South Korea, represents another significant achievement for my country in the internationalization of smart energy standards. This international standard systematically defines the connotation and typical architecture of distributed multi-energy systems for the first time, clarifies the standardization development path in the future field of multi-energy integration, and includes typical global engineering application cases, providing a unified reference for the construction of integrated energy projects worldwide.ExxonMobil (XOM.N) executives: There is already a large infrastructure for liquefied natural gas imports in the Asian market.The onshore yuan closed at 6.7071 against the US dollar at 16:30 on September 14, up 25 points from the previous trading day.

Apollo holds crypto for clients as it expands in digital assets

Skylar Shaw

Nov 01, 2022 15:50

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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.

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