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NIO (09866.HK) rose more than 3%. The ES 8 technology launch conference is scheduled for today, and pre-sales will start simultaneously.On August 21st, Bocom International published a research report stating that Pop Mart (09992.HK) had strong first-half performance. The bank raised its profit forecast for 2025-27 by 39-49% and raised its target price to HK$394. The company remains the banks top pick in the consumer sector, and the bank remains optimistic about its IP operational capabilities and global expansion, reiterating its "buy" rating. The report indicates that the companys performance achieved explosive growth in the first half of 2025, with revenue of RMB 13.88 billion (the same below), a year-on-year increase of 204.4%, and adjusted net profit attributable to shareholders of the parent company reaching RMB 4.71 billion, a significant year-on-year increase of 362.8%. Gross profit margin and adjusted net profit margin increased by 6.3 and 11.6 percentage points year-on-year to 70.3% and 33.9% respectively.On August 21, local time, UN Secretary-General António Guterres issued a statement through his spokespersons office, strongly condemning Israels decision to approve the construction of over 3,400 housing units in the West Banks "E1 Area." Secretary-Generals spokesperson Stephane Dujarric issued a statement stating that Israels new settlement housing plan violates international law and is contrary to relevant UN resolutions. The statement emphasized that advancing this project poses a threat to the "two-state solution," will result in the division of the West Bank into north and south, and seriously undermine the territorial coherence of the Occupied Palestinian Territory.Cambrians stock price rose by more than 3.75% at the opening, and its share price continued to hit a record high, with a market value of 440 billion yuan.The yield on 20-year Japanese government bonds rose to 2.655%, the highest level since November 1999.

Self-proclaimed bitcoin inventor’s $2.5 billion lawsuit can go to trial

Cory Russell

Feb 07, 2023 15:14

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The decision opens the door for a trial to determine whether developers have obligations to the owners of digital assets, which, according to a lawyer for certain developers, might pose a serious threat to decentralized finance if Wright prevails.


Australian computer scientist Wright is suing 15 developers in an attempt to recover roughly 111,000 bitcoin, which are presently worth about $2.5 billion. Wright claims that his personal computer network was hacked, and he lost the encryption keys needed to access them.


Wright's Seychelles-based business Tulip Trading is suing three network engineers, claiming they owe Tulip a software fix to enable it to retrieve the bitcoin.


Although Tulip's lawsuit was dismissed last year, the Court of Appeal concluded on Friday that developers may in fact owe owners responsibilities that should be decided in a thorough trial.


According to Judge Colin Birss, Tulip made a convincing case that network developers are "entrusted" with cryptocurrencies and as a result may be required to do certain actions, such as "introducing code so that an owner's bitcoin may be moved to safety."


The assertion that Wright, writing under the alias Satoshi Nakamoto, authored the bitcoin white paper in 2008 outlining the technology behind digital assets is highly contested.


He expressed his happiness with the decision in a statement.


The judgment, according to Felicity Potter, his attorney, "should be welcomed by future and present coin-holders alike" since it "moves towards a fully regulated and well-governed digital asset ecosystem."


Code authors are "extremely anxious" about the lawsuit, according to James Ramsden, an attorney who represented 13 of the 14 developers participating in the appeal, who might be held accountable for substantial amounts of money if Wright wins, he told Reuters.


The conclusion of any trial, whether it concerns value tokens or NFTs (non-fungible tokens) or the larger blockchain system, would impact "all parts of (decentralized finance)," he said.

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