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February 13th - Data from the China Passenger Car Association (CPCA) shows that pickup truck production and sales are exhibiting strong growth. In January 2026, the pickup truck market sold 49,000 units, a year-on-year increase of 22.5%, reaching a high level for the same period in the past five years. Pickup truck production in January 2026 reached 52,000 units, a year-on-year increase of 29.3%. In January 2026, Chinas pickup truck exports reached 28,000 units, a year-on-year increase of 12%, but a month-on-month decrease of 13%, with exports continuing to maintain a high proportion. In 2024, pickup truck exports accounted for 45% of total pickup truck sales; in 2025, pickup truck exports reached 50%; and in January 2026, pickup truck exports reached 54%. Many new Chinese pickup truck brands have achieved strong growth through exports, significantly boosting the export performance of Chinese-made pickup trucks.Anta Sports (02020.HK): The Company has received written approval from the shareholders of Anta International and its wholly-owned subsidiaries, Anda Holdings and Anda Investment; accordingly, all parties to the acquisition of 29.06% equity interest in PUMASE have approved the share purchase agreement and the acquisition.EU Defence and Space Commissioner Coubilius: The US demands on European defense are "reasonable".The chart shows that at 23:00 Beijing time on February 13, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, etc. 11 of these contracts have a strike price of over 1 billion. Please manage your risk.February 13 – The Ministry of Public Security announced on February 13 that the 11th China-US Drug Intelligence Exchange Meeting was held in the United States from February 10 to 12, local time. Inter-agency drug enforcement delegations from China and the US participated in the meeting. During the meeting, both sides conducted in-depth discussions on the drug situation, the cleanup of illegal online information, cooperative cases, chemical control, and anti-money laundering related to drug trafficking. They reported on the latest developments, exchanged opinions and suggestions, and clarified the direction of cooperation. Both sides agreed to jointly promote the healthy, in-depth, and pragmatic development of China-US drug enforcement cooperation on the basis of equality and mutual respect. The China-US Drug Intelligence Exchange Meeting, which began in 2002, is hosted alternately by the drug enforcement departments of the two countries and is an important institutional meeting in the field of drug enforcement between China and the US.

Crypto lender Celsius defends bitcoin mining plans as bankruptcy kicks off

Jimmy Khan

Jul 19, 2022 14:35

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Bitcoin mining is essential to the company's reorganization efforts, according to cryptocurrency lender Celsius Network, who made the statement during a Manhattan bankruptcy court hearing on Monday.


headquartered in New Jersey U.S. Bankruptcy Judge Martin Glenn gave Celsius permission to spend $3.7 million on building a new bitcoin mining facility and $1.5 million on customs and fees on incoming bitcoin mining equipment.


The firm, which stopped other commercial activities including its cryptocurrency loans, might find a method to pay back consumers whose funds it had frozen in the weeks before to declaring bankruptcy, according to Patrick Nash, a lawyer representing Celsius.


The mining industry "has the potential to be pretty profitable in a scenario where the crypto market recovers," Nash said.


On July 13, Celsius declared bankruptcy, citing a $1.19 billion balance sheet shortfall. Following a significant cryptocurrency market sell-off caused by the May collapse of prominent coins terraUSD and luna, the business model of crypto lenders came under criticism.


Due to the significant volatility, Celsius' assets decreased, and its decision to freeze client accounts was an effort to reduce losses and stabilize its operations, according to Nash.


In the weeks leading up to the Chapter 11 filing, some customers threatened and sent hate mail to a few firm workers. Celsius is hoping that the mining endeavor will help it mend those relationships.


However, a group of equity investors hinted to a potential conflict over ownership of the bitcoin mining businesses. According to Dennis Dunne, the investors' attorney, they can argue that the freshly created currencies need to be given to all Celsius creditors rather than deemed the property of the UK company that acquired the money for the mining activity.


Customers could complain to Celsius' expenditure on bitcoin mining companies at a time when their own financial recovery is in question, according to the bankruptcy monitor of the U.S. Department of Justice.

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