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On March 13th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4730%, and the lowest was 0.8230%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.1320%, and the lowest was 1.0220%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.2150%, and the lowest was 1.0000%.Today (March 13th), Apple announced a reduction in commission rates, as follows: Based on communication with Chinese regulatory authorities, Apple will adjust the App Store in China. Starting March 15, 2026, commission rates for iOS and iPadOS on the App Store in mainland China will be adjusted. The standard commission rate for in-app purchases and paid apps will be reduced from the current 30% to 25%. The commission rate for eligible in-app purchases under the App Store Small Business Program and Mini Apps Partner Program, as well as the commission rate for auto-renewing subscriptions after the first year, will be reduced from the current 15% to 12%. Developers do not need to sign new terms before March 15th to enjoy these adjusted commission rates.Lei Jun: The development of the new generation Xiaomi SU7 is progressing very smoothly and will be officially released this month. Large-scale deliveries will begin after the release.According to an Associated Press report on the 12th, US officials said there were at least five crew members on board the US military refueling plane that crashed in Iraq, and the extent of casualties is currently unclear.Futures News, March 13th: Supply risk concerns continue to intensify, leading to a sharp rise in international oil prices. Cost support remains strong, but PX feedstock supply faces the risk of disruption. Attention should be paid to the operating rates of PX plants. The PX market is expected to continue its upward trend today.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

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Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

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