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According to the Wall Street Journal, the CEOs of ExxonMobil, Chevron, and ConocoPhillips warned US President Trumps officials that a war with Iran disrupting the Strait of Hormuz would exacerbate the energy crisis.According to the Wall Street Journal, the oil industry warns that the energy crisis caused by the Trump administration is likely to worsen further.On March 16, the Peoples Bank of China (PBOC) announced that it will conduct 500 billion yuan of outright reverse repurchase operations today (March 16) through a fixed-quantity, interest rate bidding process with multiple price levels, for a term of six months (182 days). Since 600 billion yuan of six-month outright reverse repurchase agreements mature in March, this operation by the PBOC means that the amount of six-month outright reverse repurchase agreements renewed this month has been reduced by 100 billion yuan.US-Israel-Iran Conflict: ① Iran 1. Iran claims simultaneous strikes against four US military bases. 2. Irans Supreme Leader reiterates "will seek reparations from the enemy." 3. Iran claims most of the missiles launched so far were manufactured 10 years ago. 4. US-Israel attacks have damaged over 40,000 civilian facilities in Iran. 5. Iran arrests 13 people suspected of espionage and sabotage. 6. Irans Islamic Revolutionary Guard Corps claims it will "hunt down" Israeli Prime Minister Netanyahu. 7. Iran claims to have launched a large-scale attack on Israeli security centers and police headquarters. 8. Irans Foreign Minister states the end of the war depends on two conditions: ensuring the war never resumes and paying reparations. 9. Irans Foreign Minister: Welcomes any regional initiatives that can justly end the war. Never made a ceasefire or negotiation request. 10. Iranian media: Irans Foreign Minister states that Iran is prepared to form an investigative committee with regional countries to investigate the targets of the attacks. Israel may be behind the attacks on civilian targets in Arab countries. ②United States 1. The US called on multiple countries to send warships to the Middle East, with South Korea, Japan, France, and other countries responding. 2. US media: The US government may announce a multinational joint escort mission in the Strait of Hormuz as early as this week. 3. US Central Command: The Iranian Foreign Minister claimed that the US is using one-way attack drones to attack Gulf countries and shifted the blame to Iran. This is a lie. 4. US Energy Secretary: "Clearly" we will have the support of other countries on the Strait of Hormuz issue. The conflict with Iran will end in the "next few weeks," after which oil supplies will recover and energy prices will fall. ③Israel 1. The Israeli military claimed to have struck an Iranian drone launch site. 2. Israeli media: Iranian missile debris hit the US consulate building in Israel. 3. The Israeli Prime Minister released a video confirming he is still "alive" and said he will continue action against Iran. 4. Israeli military spokesperson: Military action against Iran will continue for at least another three weeks. 5. Israeli Foreign Minister: Israel is not facing a shortage of missile interceptors. 6. Israeli military: Expanding the strike range on Iranian infrastructure in more areas of western and central Iran. 7. According to Israel Today: A senior Israeli official stated that the possibility of overthrowing the Iranian regime is lower than initially estimated. ④ Other 1. Switzerland refused to allow two US military aircraft to fly over its airspace. 2. Bahrains worlds top aluminum smelter initiated a production cut plan. 3. Iraq claims that Baghdad International Airport and its surrounding area were attacked by rockets, injuring four people. 4. The British Prime Minister spoke with the US President, mentioning the importance of reopening the Strait of Hormuz. 5. Iraqi Ministry of Oil: The Kurdish Ministry of Natural Resources currently refuses to resume oil exports. 6. The French Foreign Minister will discuss joint naval operations in the Strait of Hormuz with EU foreign ministers on Monday. 7. Iraqi Ministry of Oil: Ready to resume exports via the Ceyhan pipeline, with daily exports not exceeding 300,000 barrels. 8. Senior Kurdistan government official: Welcomes the use of pipelines for oil exports, but only if the dollar embargo on the region is lifted. Gaza Situation: 1. Gaza medical personnel: An airstrike targeting a police car in the Gaza Strip killed eight people. 2. Israel announced that the Rafah border crossing will reopen in both directions starting March 18. Other developments: 1. The Syrian transitional government has taken over the US military base in Rumailan. 2. Israeli Foreign Minister: Israel does not intend to hold direct talks with the Lebanese government in the coming days. 3. Lebanese Ministry of Health: Since March 2, Israeli attacks on Lebanon have resulted in 850 deaths. 4. According to Israels GLZ radio: Israeli Energy Minister Cohen stated that the government is considering canceling the gas agreement with Lebanon. On March 16, Madagascars interim head of state, Landrianirina, appointed Mamitiana Rajonarison as the new prime minister in the capital, Antananarivo, on the evening of March 15. Landrianirina expressed his hope that the new prime minister would quickly form a government, implement national reconstruction policies, and achieve tangible results. Rajonarison was a former officer in Madagascars National Gendarmerie and became the director of the Financial Intelligence Bureau in April 2021, an agency primarily responsible for combating money laundering and terrorist financing.

Crypto exchange FTX to acquire bankrupt Voyager’s assets

Cory Russell

Sep 28, 2022 14:50

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Crypto exchange FTX, whose rescue plan the insolvent institution had earlier this year been rejected, has acquired its assets in a $1.42 billion offer at an auction, according to Voyager Digital on Monday.


According to a statement from Voyager, the FTX offer consists of the fair market value of all Voyager cryptocurrencies at an unspecified future date, which is estimated to be over $1.31 billion at today's market pricing, plus an extra $111 million in additive value.


The business also said that the bankruptcy estate would continue to hold its claims against the hedge fund Three Arrows Capital and would distribute any available proceeds to the estate's creditors.


In June, Voyager sent a notice of default to the Singapore-based hedge firm for missing payments on a 15,250 bitcoin loan.


The business rejected an offer from FTX, the firm established by billionaire Sam Bankman-Fried, in July, calling it a "low-ball bid disguised up as a white knight rescue" that would obstruct its bankruptcy process.


Bankman-Fried has aggressively purchased the assets, technology, and customers of struggling crypto enterprises at low prices in an effort to support businesses in the precarious digital assets industry.


In addition to providing U.S. bitcoin lender BlockFi with a $250 million revolving credit facility in June and a contract granting FTX the ability to buy it depending on certain performance criteria, FTX disclosed in July a 7.6% investment in Robinhood Markets Inc.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager had a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. The decline in the cryptocurrency markets has harmed investors and crypto firms, however.


In its Chapter 11 bankruptcy filing in July, Voyager estimated that company had between $1 billion and $10 billion in assets, as well as liabilities of a similar amount, and more than 100,000 creditors.