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The Competition Commission of India has fined Intel (INTC.O) for its warranty policy.A Reuters poll found that 66 out of 74 economists believe the European Central Bank will keep its deposit rate at 2.00% until 2026.On February 12th, the State Financial Regulatory Commission released key regulatory indicators for the banking and insurance sectors in the fourth quarter of 2025. At the end of the fourth quarter of 2025, the balance of non-performing loans (NPLs) of commercial banks was 3.5 trillion yuan, a decrease of 24.1 billion yuan from the end of the previous quarter; the NPL ratio was 1.50%, a decrease of 0.02 percentage points from the end of the previous quarter. At the end of the fourth quarter of 2025, the balance of performing loans of commercial banks was 230.2 trillion yuan, of which the balance of normal loans was 225.1 trillion yuan and the balance of loans under special mention was 5.1 trillion yuan. At the end of the fourth quarter of 2025, the balance of loan loss provisions of commercial banks was 7.2 trillion yuan; the provision coverage ratio was 205.21%, and the loan loss provision ratio was 3.07%.On February 12th, the State Financial Regulatory Commission released key regulatory indicators for the banking and insurance sectors in the fourth quarter of 2025. At the end of the fourth quarter of 2025, the total assets of my countrys banking financial institutions in both local and foreign currencies reached 480 trillion yuan, a year-on-year increase of 8.0%. Among them, the total assets of large commercial banks in both local and foreign currencies reached 210.8 trillion yuan, a year-on-year increase of 10.8%, accounting for 43.9% of the total; the total assets of joint-stock commercial banks in both local and foreign currencies reached 77.8 trillion yuan, a year-on-year increase of 4.8%, accounting for 16.2%. At the end of the fourth quarter of 2025, the total assets of insurance companies and insurance asset management companies reached 41.3 trillion yuan, an increase of 15.1% compared to the beginning of the year. Among them, property insurance companies reached 3.1 trillion yuan, an increase of 7.5% compared to the beginning of the year; life insurance companies reached 36.4 trillion yuan, an increase of 15.4% compared to the beginning of the year; reinsurance companies reached 857.3 billion yuan, an increase of 3.5% compared to the beginning of the year; and insurance asset management companies reached 145.6 billion yuan, an increase of 14% compared to the beginning of the year.On February 12th, the Shenzhen Municipal Bureau of Industry and Information Technology issued the "Shenzhen Action Plan for Advanced Manufacturing Industry with Artificial Intelligence+ (2026-2027)," which proposes to conduct pilot projects for the integrated application of "vehicle-road-cloud" in intelligent connected vehicles and increase the AI empowerment of the entire automotive industry chain in "intelligent manufacturing + intelligent driving." In collaborative design, the plan includes intelligent management and classification of component resources, recommendation of optimal component information, and, combined with artificial intelligence algorithms, simulation-based automatic matching and cleaning of material properties to achieve high-precision mesh division and improve enterprise R&D efficiency. In production and manufacturing, the plan includes intelligent resource allocation, optimized configuration of manufacturing resources, and intelligent supply chain management to promote the efficient utilization of idle manufacturing resources.

Crypto Market Daily Highlights – SOL Tumbles Out of Top Ten

Cory Russell

Nov 10, 2022 16:34

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For the top 10 cryptos on Wednesday, it was a bearish session. BNB and XRP led the crypto top ten losses, while SOL fell by 38.6% to drop out of the top ten. For the fourth session in a row, BTC saw losses. BTC dropped below $16,000 for the first time since November 2020, which is noteworthy.


On Wednesday, the midterm elections and the US economic calendar took a backseat. Following news that Binance had signed a Letter of Intent (LOI) on Tuesday, the market's attention was still on the FTX and Binance transaction.


However, Binance indicated it would not move forward with the acquisition after doing thorough due diligence.


"As a result of corporate due diligence, as well as the latest news reports regarding the handling of customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com," Binance said in a statement announcing its decision to pull out of the deal.


According to Bloomberg, Sam Bankman-Fried, the CEO of FTX, informed investors that there is a gap of up to $8 billion and that the business will have to declare bankruptcy absent a capital infusion.


Changpeng Zhao (CZ), CEO of Binance, summed up the situation by stating that "FTX going down is not helpful for anyone in the business. DON'T consider it a "victory for us." There is a serious loss of user confidence. Exchanges will be more closely inspected by regulators. Globally, obtaining a license will be more difficult. Because they believe we are the biggest, they will attack us more. Our level of openness, proof of reserves, insurance funds, etc., must be greatly increased. There will be a lot more in this area. We still have a lot of challenging work to do. not to mention the dramatic fluctuations in pricing.


Contagion risk and greater regulatory scrutiny will be a focus in the near future with FTX potentially declaring bankruptcy.


When speaking on the past 48 hours, SEC Chairman Gary Gensler said, "Investors suffer damaged when we don't rely upon the time-tested public policy guardrails."


The recent 48 hours' worth of cryptocurrency market developments caused a greater decoupling from the NASDAQ Composite Index. On Wednesday, the cryptocurrency market declined by 14% while the NASDAQ plummeted by 2.48%.


For the upcoming day, the news wires will continue to control the cryptocurrency market. The cryptocurrency market will likely experience a domino effect for a third day in a row. Investors can nonetheless cling to the dream of a last-minute agreement saving FTX from failure.