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According to RT: A massive explosion occurred in Kyiv, Ukraine, causing widespread power outages.The mayor of Kyiv, Ukraine, said a nine-story apartment building in Kyiv caught fire after a Russian attack.1. US crude oil futures closed up 5.85% at $92.47 per barrel; Brent crude oil futures rose 4.62% to $95.33 per barrel. The sudden shift in Middle East geopolitical tensions, with Iran suspending negotiations with the US and planning a complete blockade of the Strait of Hormuz (which handles about 20% of global oil transport), fueled concerns about supply disruptions. Meanwhile, US commercial crude oil inventories fell by 3.327 million barrels last week, keeping global crude oil inventories at low levels, further driving up oil prices. 2. International precious metals futures generally closed lower. COMEX gold futures fell 1.70% to $4514.80 per ounce, and COMEX silver futures fell 0.96% to $75.15 per ounce. The fluctuating Middle East situation pushed up inflation and interest rate hike expectations, while policy disagreements in the US created market uncertainty. Interest rate hikes increased the cost of holding gold, and in the battle between bulls and bears, bearish forces dominated the market. 3. Most London base metals rose, with LME tin up 2.50% to $56,805.0/ton, LME aluminum up 1.80% to $3,732.5/ton, LME copper up 1.79% to $13,879.5/ton, LME zinc up 1.19% to $3,582.0/ton, LME nickel up 0.86% to $19,225.0/ton, and LME lead down 0.20% to $2,012.0/ton. 4. The three major U.S. stock indexes closed slightly higher, with the Dow Jones Industrial Average up 0.09% to 51,078.88 points, the S&P 500 up 0.26% to 7,599.96 points, and the Nasdaq Composite up 0.42% to 27,086.81 points. All three major U.S. stock indexes continued to reach new closing highs. Salesforce rose more than 9%, and IBM rose more than 7%, leading the Dow Jones gains. 5. European stock markets closed lower across the board. The German DAX index fell 0.40% to 25,003.04 points; the French CAC40 index fell 0.45% to 8,146.59 points; and the UK FTSE 100 index fell 0.68% to 10,338.95 points. 6. US Treasury yields were mixed. The 2-year Treasury yield rose 3.09 basis points to 4.031%, the 3-year Treasury yield rose 3.14 basis points to 4.082%, the 5-year Treasury yield rose 2.62 basis points to 4.163%, the 10-year Treasury yield rose 1.77 basis points to 4.453%, and the 30-year Treasury yield fell 0.20 basis points to 4.970%.Eyewitness: Ukrainian air defense systems are defending against air attacks over Kyiv.June 2nd - According to the official Weibo account of Qwen Big Model, Alibaba officially released the Qwen3.7-Plus multimodal intelligent agent model on June 2nd. The model, based on the text capabilities of Qwen3.7, has comprehensively upgraded its visual-language capabilities while maintaining full intelligent agent capabilities in coding, tool usage, and productivity workflows.

U.S. arrests Bitzlato cofounder, alleges $700 million of illicit funds processed

Skylar Shaw

Jan 19, 2023 15:56

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The principal shareholder and co-founder of the Hong Kong-registered virtual currency exchange Bitzlato Ltd. was detained, according to U.S. officials, on Wednesday for allegedly handling $700 million in illegal money.


Russian citizen Anatoly Legkodymov, who resides in China, was detained on Tuesday in Miami on suspicion of running an unlawful money exchange operation that "in his own words, catered to known thieves," according to a senior Justice Department official.


According to the prosecution, Bitzlato traded more than $700 million in cryptocurrencies with Hydra Market, which they described as an illegal online market for drugs, stolen financial data, phony identification documents, and money-laundering services that was shut down by German and American law enforcement in April 2022.


At a press conference at the Justice Department, Deputy Attorney General Lisa Monaco warned reporters that "you may expect to account for your crimes inside a United States courtroom, whether you breach our laws from China or Europe or misuse our financial system from a tropical island."


According to the prosecution, Bitzlato also got more than $15 million via ransomware. It was not feasible to get in touch with Hydra Market for feedback right away.


According to Chen Arad, the chief operating officer of Solidus Labs, a crypto market monitoring firm, "Despite having a minor brand, it carries a lot of weight."


Small actors don't bear any less danger than any well-known exchange or platform, he said.