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1. European stock markets closed lower across the board. The German DAX index fell 1.34% to 24,959.06 points, the French CAC40 index fell 1.78% to 8,112.02 points, and the UK FTSE 100 index fell 0.39% to 10,195.35 points. Market concerns about weakening expectations of a Fed rate cut, weak European economic data, disappointing corporate earnings, and escalating geopolitical tensions fueled risk aversion. 2. The domestic bond market was generally weak and volatile. Most treasury bond futures closed lower, with the 30-year main contract down 0.22% and the 10-year main contract down 0.02%. Yields on most major interbank interest rate bonds rose by less than 1 basis point. 3. International oil prices rose across the board. The WTI crude oil futures contract rose 0.15% to $59.43 per barrel, and the Brent crude oil futures contract rose 0.08% to $64.18 per barrel. 4. All base metals rose in London. LME tin rose 3.87% to $49,840.0/ton, LME nickel rose 3.23% to $18,145.0/ton, LME copper rose 1.44% to $12,987.0/ton, LME aluminum rose 1.01% to $3,165.5/ton, LME lead rose 1.00% to $2,064.5/ton, and LME zinc rose 0.78% to $3,234.0/ton.January 20th - According to CNBC, citing sources, artificial intelligence startup Moonshot AI has increased its valuation by $500 million to $4.8 billion in its latest funding round. Just weeks ago, Moonshot AI was valued at $4.3 billion. The previous funding round was announced on December 31st, and IDG, Alibaba, and Tencent reportedly participated.January 20th - An article states that the high complexity of commercial spaceflight means its development is often accompanied by setbacks. We should view launch failures rationally and focus on the progress of troubleshooting. Currently, my countrys commercial spaceflight industry possesses two major structural advantages. On the one hand, thanks to a rigorous "zeroing out" mechanism, my countrys commercial spaceflight industry can systematically troubleshoot faults and accelerate technological iteration. On the other hand, the parallel exploration of multiple technological routes has formed a pattern of risk diversification and technological complementarity, which is expected to significantly shorten the technology maturity cycle and achieve substantial breakthroughs in key areas. At the same time, the long-term healthy development of the commercial spaceflight industry requires patient capital support. Commercial spaceflight technology has high barriers to entry and a long verification cycle; it is currently still in a critical stage of market cultivation and capacity building. Capital should focus on the long term, targeting companies with core technological strength and clear commercial paths, and avoid short-term speculation that could disrupt the industrys development pace.January 20th - The State Council Information Office will hold a press conference at 10:00 AM on Tuesday, January 20th, 2026. Wang Changlin, Vice Chairman of the National Development and Reform Commission, will introduce the implementation of the spirit of the Central Economic Work Conference and the relevant situation regarding promoting a good start to the 15th Five-Year Plan, and will answer questions from reporters. The State Council Information Office will also hold a press conference at 3:00 PM on Tuesday, January 20th, 2026. Liao Min, Vice Minister of Finance, will introduce the relevant situation regarding leveraging the role of proactive fiscal policy to promote high-quality economic and social development, and will answer questions from reporters.On January 20th, Mingming Very Busy announced on the Hong Kong Stock Exchange that it plans to issue 14,101,100 H shares for its Hong Kong listing (subject to the exercise of the offering size adjustment right and over-allotment option), with a pricing range of HK$226.6 to HK$236.60 per share. Trading of the H shares is expected to commence on January 28th.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.