what is up with cryptocurrency, Featured

Trump's nominated chairman of the SEC once blamed the US government for FTX's downfall, and Trump's nominated chairman of the US Securities and Exchange Commission once blamed the FTX cryptocurrency exchange's collapse on an unusual suspect, that is, the US government itself. Atkins, 66, witnessed the disaster of FTX with his own eyes, and the collapse of the encryption empire still reverberates in the digital asset world. Patomak Global Partners, his consulting firm in Washington, DC, was listed as a creditor of FTX bankruptcy case, and the date of signing the consulting agreement of its board of directors was January 2022, about 10 months before the bankruptcy of Bankman-Fried. According to court documents, the company also served as a lobbyist for FTX. Atkins pointed out in a podcast last year that "the collapse of FTX was an international disaster, and I think it was because the United States did not formulate rules to adapt to this new technology". He also admitted that the fraud of Bankman-Fried was the core reason for the collapse of the exchange.U.S. stocks fell. Nasdaq China Jinlong Index fell more than 3%,iShares China large-cap ETF fell 3.8%, KraneShares CSI China Internet ETF fell 3.9%, and Nasdaq China Jinlong Index fell more than 3%. BILI.O fell by 8%, FUTU.O by 6% and Xpeng Motors by 4%.Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.

US Senate Majority Leader Schumer will meet with Secretary of State nominee rubio later today.VESTIS, a supplier of workplace supplies, once rose 9.4%, the highest since May 1. In the news, VESTIS is interested in the acquisition of many companies.Sichuan continued to promote the supply and demand docking of enterprises in the field of industrial informatization, with a cumulative signing amount of 38 billion yuan. The supply and demand docking activity of a new generation of information technology industry in Sichuan Province was held in Chengdu on the 10th. Zhai Gang, director of the Department of Economy and Information Technology of Sichuan Province, said at this event that since September this year, Sichuan has held nine consecutive supply-demand docking activities of "expanding the market and growing steadily" in Sichuan Province, which has promoted the establishment of long-term cooperative relations between the supply and demand sides of enterprises in Sichuan's industrial and information fields, and has contributed to a number of cooperation results and procurement transactions. At present, the accumulated contracted amount has reached 38 billion yuan. (Zhongxin. com)

The New Zealand dollar fell 1% against the US dollar to 0.5804.The dollar index DXY rose nearly 20 points in the short term and is now reported at 106.54.On December 10th, it was learned from China Academy of Sciences that the research device of heavy ions with low energy and high current and high charge state, a major national scientific research instrument, has been accepted by experts organized by the National Natural Science Foundation of China, and the research of heavy ions in China has been added with new tools.