EUR/USD 1.14390
0.164%
Gold 4033.78
-0.468%
Oil 79.064
-0.110%
USD/JPY 162.200
-0.038%
GBP/USD 1.34035
0.098%
GBP/JPY 217.410
0.058%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 15th, it was reported that NIO appeared on the strategic investment list for Changxin Technologys IPO on July 14th, committing to a subscription amount of RMB 158 million with a lock-up period of 18 months. Disclosure information shows that NIO is Changxin Technologys cornerstone strategic partner for DRAM, and the two parties will conduct strategic cooperation on existing automotive-grade LPDDR4X and LPDDR5X products. NIO founder and chairman Li Bin responded today, stating that the cooperation is progressing smoothly and that the partnership with Changxin Technology will help stabilize NIOs supply chain.July 15th - According to the Financial Times, Oracle (ORCL.N) is leading the race to sell top-secret cloud services to Japan. The US considers such services crucial for ensuring secure intelligence sharing between Tokyo and its allies. According to seven sources familiar with the matter, the Texas-based company is ahead of Amazon Web Services (AWS), Microsoft (MSFT.O), and Google (GOOG.O) in bidding to provide air-gapped cloud services.July 15th - Following the listing of SK Hynix ADRs (SKHY.O), the market has expressed concerns that foreign investors might sell their domestic Korean shares in exchange for ADRs. However, Hyundai Motor Securities pointed out on the 15th that an ADR premium could actually increase foreign investors willingness to buy domestic shares. Kim Jae-seung, an analyst at Hyundai Motor Securities, stated, "The market is worried that the increased ease of investment in the US market after the ADR listing might lead foreign investors to sell their domestic shares and turn to ADRs to avoid volatility in the Korean stock market and the risk of the Korean won against the US dollar." He added, "However, a higher ADR premium could actually increase the attractiveness of domestic shares to foreign investors."Futures News, July 15th - Data released by the Petroleum Institute of Japan (PAJ) on Wednesday showed that for the week ending July 11th, Japans commercial crude oil inventories stood at 10,268,993 kiloliters, a decrease of 331,964 kiloliters from the previous weeks 10,600,957 kiloliters. Refinery operational capacity utilization was 86.20%, compared to 83.00% the previous week. Refinery design capacity utilization was 74.60%, unchanged from 73.00% the previous week. Due to changes in Japans petroleum product supply structure, the PAJ has suspended the release of weekly inventory details for gasoline, jet fuel, kerosene, and diesel.On July 15th, NIO became a strategic investor in Changxin Technology, committing to a subscription amount of 158 million yuan with a lock-up period of 18 months. The two companies will engage in strategic cooperation on existing automotive-grade LPDDR4X and LPDDR5X products, aiming to build a stable and mutually trusting strategic supply relationship. In recent years, NIO has continuously invested in core technologies such as chips, intelligent driving, and energy, and has deepened its strategic cooperation with key partners in the industry chain.

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.


Suggestion