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February 3rd - US Treasury yields rose as the latest data showed increased resilience in the US economy. Konstantinos Chrysikos of Kudotrade stated in a report that Mondays ISM Manufacturing PMI "delivered a significant upward surprise." He pointed out that although employment and inventories remain in contraction territory, the rebound in the employment sub-index suggests that the drag on the economy from labor may be easing. "Overall, these data reinforce the narrative that the US economy remains resilient." According to Tradeweb data, the yield on the two-year US Treasury note rose 1.4 basis points to 3.582%, and the yield on the 10-year Treasury note rose 1 basis point to 4.286%.February 3rd - The "China Two-Way Investment Report 2025," released on February 3rd, shows that China remains a major investment destination for global investors, providing a huge market and strong support for multinational corporations international operations and development, including industrial and supply chains, and technological innovation. According to the report, Chinas technological breakthroughs in fields such as artificial intelligence and 5G, its rich application scenarios, and its large pool of highly qualified innovative talent have created the worlds largest technological innovation ecosystem, providing fertile ground for foreign-invested enterprises. Many foreign companies have established R&D centers, data centers, and new technology testing centers in China. Reports from multiple foreign companies indicate that innovation opportunities in China are becoming a significant driving force for foreign companies to enhance their global competitiveness.Ukraines power company DTEK said last nights Russian airstrikes were the largest attack on the energy system since early 2026.Russian Deputy Prime Minister Novak: OPEC+ expects oil demand to rise in the spring and summer.Russian Deputy Prime Minister Novak: (Regarding expectations for OPEC+ action in April) This will be another factor in ensuring the balance of the oil market.

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.


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