Citing people familiar with the matter, Bloomberg reported that crypto derivatives exchange Deribit hired a financial adviser to "review opportunities" after attracting the attention of potential acquirers. The company invited Financial Technology Partners LLC (FT Partners) to participate in the potential deal, and cryptocurrency exchange Kraken has also expressed interest in participating. Bloomberg reported that Kraken is not moving forward with the acquisition and said Deribit could be valued...
On January 10, 2025, the Ministry of Finance of the People's Republic of China's 7-year (renewal) government bond weighted win the bidding yield 1.5339%, the marginal win the bidding yield 1.5568%, and the bid multiple 3.34. The Ministry of Finance of the People's Republic of China's 2-year (renewal) government bond weighted win the bidding yield 1.1626%, the marginal win the bidding yield 1.2157%, and the bid multiple 3.79.
On December 3rd, the reporter learned from the industry on December 3rd that in order to strengthen the risk management capabilities of the securities company group, maintain the stable operation of the securities company, prevent cross-border cross-industry contagion of financial risks, and promote the high-quality development of the industry, the Securities Association of China has drafted the "Guidelines for the Management of the Consolidation of Securities Companies (Trial) " in accordance w...
The Ministry of Finance has publicly solicited opinions on the Measures for the Supervision and Administration of the Evaluation of State-owned Assets of Financial Institutions Groups.
Michael Gilroy, the former head of fintech at crypto-friendly investment firm Coatue Management, is co-founding a new venture capital firm, according to Bloomberg, citing people familiar with the matter. Gilroy is teaming up with technology investor Gokul Rajaram, a current board member of cryptocurrency exchange Coinbase, to raise up to $500 million for the firm's first fund. The two are in discussions with anchor investors about raising money, but it won't be until...
Reuters cited data from data analytics firm Ortex showing that traders shorting MicroStrategy (MSTR. O) lost more than $1.20 billion between Nov. 6 and Nov. 8, and have lost more than $6 billion so far this year. As of the close on November 8, short sellers of cryptocurrency trading platform operator Coinbase Global, crypto miner Riot Platform, MARA Holdings and Bitfarms have accumulated losses of about $1.20 billion. In addition, investors who shorted BlackRock IBIT have lost nearly $37 million...
On the 6th local time, according to NBC, citing sources familiar with the matter, Department of Justice officials have begun to evaluate how to end two federal criminal cases against President-elect Trump before he takes office, in order to comply with the policy that a sitting president cannot be indicted. According to sources, Justice Department officials believe there is not enough room to continue to file these two criminal cases against Trump, and it is pointless to continue to file cases i...
On November 6th, the document plans to stipulate that by 2027, the scale of the new energy storage manufacturing industry and downstream demand will basically match, and 3-5 eco-leading enterprises with a scale of more than 100 billion yuan will be cultivated.
The Dutch government has sought public comment on a proposed law that would require crypto service providers, such as exchanges, to collect and share user data with local tax authorities to comply with European Union regulations. The Dutch Ministry of Finance said in a press release on October 24: "The purpose of the bill is to increase the transparency of cryptocurrency ownership in order to prevent tax avoidance and evasion." Under the new law, tax authorities will share data collected by serv...
At Tesla's "We, Robot" showcase last week, the company remotely operated its prototype Optimus humanoid robot, with employees elsewhere controlling many of the interactions between the humanoid machine and attendees, according to foreign media reports citing people familiar with the matter. At least one video online purportedly from the October 10 "We, Robot" event shows an Optimus "bartender" admitting that it received "human help". The Optimus prototype can pass without external control...
On October 10, the Ministry of Justice and the National Development and Reform Commission published the "Private Economy Promotion Law of the People's Republic of China (Draft exposure draft) " on the portal website for public comment. The draft mainly emphasizes the principle of promoting the development of the private economy, ensuring the correct political direction of the development of the private economy, and making it clear that promoting the sustainable, healthy and high-quality developm...
On September 18th, the China Certified Public Accountants Association recently issued the "China Certified Public Accountant Independence Standard No. 1 - Requirements for Independence in Financial Statement Auditing and Review Business (exposure draft) " for public comment. This revision strengthens the relevant provisions on fees. First, it is clear that accounting firms shall not affect audit fees because they provide audit clients with services other than audit. Second, it strengthens the re...
According to Bloomberg, citing people familiar with the matter, crypto venture capital firm Dragonfly Capital is seeking to raise $500 million for its fourth fund, which will invest in early-stage projects.
The "artificial intelligence generated synthetic content labeling method (exposure draft) " is open for comment.
On September 11th, institutional analysts believe that higher-than-expected US core inflation data will be the problem for the Federal Reserve to cut interest rates by 50 basis points next Wednesday. The focus now is on the core CPI monthly rate data, which tends to increase concerns about stubborn inflation. Those who are concerned about monetary policy shifting too quickly or too decisively will certainly strongly oppose a 50 basis point rate cut next week.