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On November 30th, Baili Tianheng announced that its wholly-owned subsidiary, SystImmune, recently received a $250 million milestone payment from BMS. According to the cooperation agreement, the company is also eligible for up to $250 million in near-term contingent payments, as well as additional payments of up to $7.1 billion upon achieving specific development, registration, and sales milestones.On November 30th, Zhuochuang Information announced that it submitted an application to the Hong Kong Stock Exchange on November 28th, 2025, for the issuance of overseas listed shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. The application materials for this issuance and listing were also published on the Hong Kong Stock Exchange website on the same day. The issuance and listing are subject to approval, authorization, or filing by relevant government agencies, regulatory bodies, and stock exchanges, and will be implemented only after comprehensive consideration of market conditions and other factors. Therefore, the matter remains subject to uncertainty.On November 30th, Japanese Finance Minister Satsuki Katayama stated on Sunday that the recent sharp fluctuations in the foreign exchange market and the rapid depreciation of the yen were clearly not driven by fundamentals. "Our position is to issue a warning about such events," Katayama said. She reiterated that currency intervention is still possible in response to excessive yen volatility and speculative movements. This aligns with the September Japan-US joint statement, which stated that exchange rates should be determined by the market. On Monday, the market will closely watch for comments from Bank of Japan Governor Kazuo Ueda to see if he signals a possible interest rate hike at the Bank of Japans December meeting.The Kurdistan Regional Governments Electricity Department: Operations at the Khormor oil field have resumed, and the transmission of natural gas to the power plant began at 2:00 AM.On November 30th, three OPEC+ representatives indicated that OPEC+ is likely to maintain its first-quarter 2026 oil production levels at its Sunday meeting, a move that would moderate its efforts to regain market share amid growing market concerns about oversupply. Similar comments were made by other sources this week. The organization had been cutting production for years until April of this year, when eight member countries began increasing output to restore market share.

Cryptoverse: Let’s talk about DEX, baby

Skylar Shaw

Nov 23, 2022 16:00

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Since Sam Bankman-FTX, Fried's a significant centralized crypto exchange, abruptly collapsed, conventional bankers and investors have been calling for increased regulation.


On the other hand, some cryptocurrency players are emulating the original crypto vision of Satoshi Nakamoto, the person who created Bitcoin, by bypassing the financial middlemen and turning to decentralized exchanges, where traders transact peer-to-peer on the blockchain.


According to statistics from market tracker DeFi Llama, on Nov. 10, as FTX collapsed, overall daily trading volumes on DEXs, including the likes of Uniswap, jumped as high as $12 billion, their biggest level since May. However, gains have since been reversed.


According to CryptoCompare, four days later, November volumes had eclipsed the entire previous month.


In the meantime, CryptoCompare data reveals that weekly bitcoin flows from controlled exchanges, or CEXs, saw their largest-ever net outflow, with 97,805 currency moving off platforms in the seven days leading up to Nov. 13.


According to Varun Kumar, CEO of the decentralized cryptocurrency exchange Hashflow, "it is now obvious that there can be risk involved with retaining assets in a centralized company." According to data, customers are increasingly using decentralized trading platforms.


However, DEXs may not always be safer than their centralized competitors, and unskilled investors may be exposed to significant risks.


Instead of routing money through a middleman or centralized authority, users can exchange tokens directly amongst each other using blockchain-based smart contracts.


As a result, just like other decentralized finance (DeFi) or Web3 systems, there is no central authority and, for better or worse, investors are in charge of their transactions, settlements, and coin or token storage.


When compared to traditional exchanges on Wall Street, CEXs like Coinbase, Binance, and FTX operate as the middleman in transactions, making trading easier for novice investors in particular. CEXs also occasionally provide coin custody services, as did FTX.


Many centralized players have also worked to build user confidence by more transparent policies including providing evidence of their reserves.


Requests for comment from Coinbase, Binance, and FTX were not immediately fulfilled.