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November 28th - According to a press conference at the 2025 Shenzhen Global Investment Promotion Conference, from January to October 2025, Shenzhen utilized RMB 29.7 billion in foreign investment, a year-on-year increase of 8.4%. Foreign investment in high-tech industries exceeded RMB 10 billion, accounting for more than one-third of the citys total, with high-tech manufacturing showing particularly significant growth at 52.7%. The number of newly established foreign-invested enterprises exceeded 10,000, with well-known foreign companies such as DuPont (USA), JCDecaux (France), BP (UK), and Hexagon (Sweden) establishing new operations or increasing their investments in Shenzhen.November 28th - U.S. liquefied natural gas (LNG) exports are on track for a record high this month, helping to curb gas prices in Asia and Europe ahead of winter. According to KPLERs forecast ship tracking data, the U.S. is expected to ship 10.7 million tons in November. This represents an increase of approximately 40% compared to the same period last year. The increased supply is likely to depress gas prices in Europe and Asia in the coming months, although colder weather will boost consumption of this heating fuel. On Thursday, European gas futures fell to their lowest level in over a year, while Asian gas futures prices were at their lowest level in about a month. New projects will continue to boost U.S. LNG exports in the coming years, with production expected to double by the end of this decade.The SC crude oil futures contract rose 2.00% intraday, currently trading at 454.10 yuan per barrel.Coinbase (COIN.O): We have noticed that some users may experience performance degradation when using DEX and lending functions.On November 28th, the Nikkan Kogyo Shimbun reported that Japan and the United States are considering building a NAND flash memory factory in the US through a public-private partnership. It is understood that Japanese chipmaker Kioxia and its US counterpart SanDisk are likely to be the main investors. The Nikkan Kogyo Shimbun points out that this plan may face numerous challenges, including disagreements between the US and Japan regarding capital expenditures and regulatory risks.

Banking Behemoth Barclays Buys a Stake in Crypto Firm Copper

Skylar Shaw

Jul 26, 2022 11:35

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One of the biggest banks in the UK, Barclays, has participated in a fundraising round for Copper and is anticipated to spend millions of dollars in the cryptocurrency company, which counts Lord Philip Hammond, a former chancellor of the exchequer, among its advisors.


The investment round for Copper, which offers custody, prime broking, and settlement services to institutional investors investing in cryptoassets, is expected to be completed in the coming days.

Delay of nine months

Despite the recent cryptocurrency meltdown wiping away roughly $40 billion in investor money and more than $2 trillion in market value, Copper has still been able to attract investment from one of the most reputable banks in the world.


Barclays, the world's largest bank, has finished the lengthy investor negotiations that had been put off since November of last year as Copper struggled with a temporary regulatory registration in the UK.


More precisely, the Financial Conduct Authority (FCA) mandates interim registration for digital asset service providers in compliance with money laundering laws. This implies that in order to operate, all crypto-asset enterprises must first seek full FCA registration.


However, Copper subsequently made the decision to become regulated in Switzerland as a result of the financial watchdog's refusal to accept its license registration.


Blockchain.com and Revolut are just two of the many companies that operate under the Temporary Registration Regime (TRR), and more than 100 businesses filed for registration when the FCA took over as the UK's anti-money laundering and counter-terrorism funding body in 2020.

Banking Megacorp

Bloomberg reports that although Barclays has made an undisclosed investment in the "millions of dollars," individuals with knowledge of the situation indicated last year that the funds might increase Copper's worth to around $3 billion. Additionally, the sources said they were uncertain whether the sum raised would be made public.


In 2015, Barclays became one of the first traditional banks to promote cryptocurrency when it started enabling charities to accept contributions made in Bitcoin (BTC) as a form of alternative payment.


However, the bank also has a murky history with cryptocurrencies, having prevented UK-based clients from sending money to Binance by forbidding them from paying the exchange using a credit or debit card. The restriction was implemented soon after the Financial Do Authority said that Binance Markets Limited was no longer permitted to conduct cryptocurrency business in the nation.


Similar to this, Barclays already severed connections with Coinbase and is no longer the bitcoin exchange's financial provider.


In a Series B fundraising round that included Illuminate Financial Management, LocalGlobe, and MMC Ventures and was co-led by Dawn Capital and Target Global last year, London-based Copper received $50 million.

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