1. The Standing Committee of the National People's Congress deliberated and approved the "Action Plan for Improving the Power Battery Recycling and Utilization System of New Energy Vehicles". 2. Shanghai: Promote the large-scale application of AI in vertical fields, focusing on the formation of application scenarios in areas such as autonomous driving. 3. SAIC and Huawei signed an in-depth cooperation agreement in Shanghai. 4. Musk participated in the debut of flying car Alef: road driving + ver...
The Securities Exchange Commission (SEC) has approved a stablecoin application with interest for the first time. The stablecoin, called YLDS, was developed by digital asset firm Figure Markets and will be pegged to the U.S. dollar, similar to cash in a savings account. While other major stablecoins such as USDC and USDT remain in a regulatory gray area, YLDS will be officially registered with the SEC as a security, Figure CEO Mike Cagney told Fortune, putting YLDS in the same financial category ...
In order to implement the relevant agreements approved by the State Council, the State Administration of Financial Supervision recently issued the "Notice on Matters Related to the Opening of Bank Card Business by Mainland Branches of Hong Kong and Macao Banks" (hereinafter referred to as the "Notice"), which will come into effect on March 1, 2025. The "Notice" clarifies the relevant matters involved in the opening of bank card business by mainland branches of Hong Kong and Macao Banks. First, i...
The Brazilian Securities Commission (CVM) has approved Hashdex to launch the world's first XRP-based spot ETF in Brazil, HASHDEX NASDAQ XRP FUNDO DENDICE. The fund is currently in the pre-operational stage and is managed by Genial Investimentos. The official IPO time has not been announced.
Japan's Financial Services Agency on February 19 approved the Financial Review Council's working group report on the fund settlement system. After seven rounds of discussions, the report proposes a new regulatory framework for cryptoasset exchanges and stablecoins. The report recommends that relevant provisions of the Financial Commodities Exchange Law be incorporated into the Fund Settlement Law to strengthen the protection of users in the event of an exchange bankruptcy. At the same time, it p...
Howard Lutnick, a proponent of cryptocurrencies, has been confirmed by the Senate as US Secretary of Commerce. It is reported that he has hundreds of millions of dollars in risk exposure on bitcoin.
The Utah Blockchain and Digital Innovation Amendment has been sent to the Senate for approval. If passed, it would allow the state to invest 10 percent of state funds in bitcoin and other digital assets. Utah remains ahead in the state reserve bill race, followed by Arizona and Oklahoma.
Market news: The Israeli government has approved the appointment of Eyal Zamir as the next Chief of Staff of the Israel Defense Forces.
The Securities Exchange Commission (SEC) has delayed approving a rule change for the conversion of the Grayscale Digital Large Cap Fund into a spot ETF.
On January 31st, the Securities Exchange Commission approved a rule change application filed by New York Stock Exchange Arca to allow shares of Bitwise Bitcoin and Ethereum ETFs to be listed and traded on its exchange. According to the proposal, Bitwise Bitcoin and Ethereum ETFs will hold spot Bitcoin and spot Ethereum based on the market capitalization of Bitcoin and Ethereum.
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The approval of Hong Kong as the LME delivery location will bring efficient and comprehensive services to the global metals market.
On January 19, according to South Korean media reports, the Seoul Western District Court in South Korea approved the detention order for the arrested President Yoon Seok-yuk in the early morning of the 19th. Yoon Seok-yuk became the first president in South Korea's constitutional history to be detained as a sitting president.