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On May 11th, the Guangzhou Municipal Market Supervision Bureau launched a comprehensive campaign to regulate the online ride-hailing and online freight platforms and the transportation sector, leveraging its market supervision functions. The campaign aims to further standardize the operations of these platforms, effectively protect the legitimate rights and interests of operators and consumers within these platforms, and maintain a fair and competitive market order. The targets of the campaign are online ride-hailing platforms, online freight platforms, and other e-commerce platform operators as defined in Article 9 of the "E-commerce Law of the Peoples Republic of China." The campaign will strengthen the supervision of platform transaction behavior through methods such as random inspections, investigation of complaints and reports, and big data monitoring. The focus will be on investigating and punishing illegal activities such as platforms using service agreements, transaction rules, and technical means to impose unreasonable transaction restrictions and charge unreasonable fees. The campaign will also promote the dissemination of laws, regulations, and compliance guidelines on internet platform pricing behavior and online transaction supervision to comprehensively improve operators compliance awareness and operational capabilities. The campaign will focus on key areas such as road transport, taxi services, motor vehicle repair, and driver training, and will severely crack down on unlicensed operations, unfair competition, price violations, false advertising, and other behaviors that infringe upon consumers legitimate rights and interests.Market news: A U.S. trade delegation will soon arrive in India for trade negotiations.Shares of U.S.-listed gold mining companies fell in pre-market trading, with Newmont down 1.9%, Sibani Gold down 1.8%, and Harmony Gold down 2.4%.On May 11th, the Shanghai Futures Exchange (SHFE) reported the following warehouse receipts and changes: 1. Stainless steel futures warehouse receipts: 64,098 tons, an increase of 5,516 tons compared to the previous trading day; 2. Aluminum futures warehouse receipts: 461,525 tons, an increase of 549 tons compared to the previous trading day; 3. Low-sulfur fuel oil futures warehouse receipts: 19,050 tons, a decrease of 8,520 tons compared to the previous trading day; 4. International copper futures warehouse receipts: 12,338 tons, an increase of 523 tons compared to the previous trading day; 5. Nickel futures warehouse receipts: 70,381 tons, a decrease of 7 tons compared to the previous trading day; 6. Rebar futures warehouse receipts: 94,161 tons, an increase of 2,135 tons compared to the previous trading day; 7. Medium-sulfur crude oil futures warehouse receipts: 3,511,000 barrels, unchanged compared to the previous trading day; 8. Copper futures warehouse receipts: 88,077 tons, a decrease of 1,851 tons compared to the previous trading day; 9. Butadiene rubber futures warehouse receipts: 31,480 tons, an increase of 31,480 tons from the previous trading day; 10. Fuel oil futures warehouse receipts: 58,530 tons, a decrease of 5,500 tons from the previous trading day; 11. TSR20 rubber futures warehouse receipts: 36,187 tons, a decrease of 202 tons from the previous trading day; 12. Silver futures warehouse receipts: 845,431 kg, an increase of 33,018 kg from the previous trading day; 13. Alumina futures warehouse receipts: 505,850 tons, an increase of 505,850 tons from the previous trading day; 14. Hot-rolled coil futures warehouse receipts: 623,108 tons, a decrease of 2,652 tons from the previous trading day; 15. Pulp warehouse futures warehouse receipts: 199,456 tons, an increase of 478 tons from the previous trading day; 16. Pulp mill warehouse futures warehouse receipts: 15,000 tons, unchanged from the previous trading day; 17. Natural rubber futures warehouse receipts totaled 137,030 tons, an increase of 3,000 tons from the previous trading day; zinc futures warehouse receipts totaled 101,437 tons, an increase of 557 tons from the previous trading day; petroleum asphalt plant warehouse futures warehouse receipts totaled 21,790 tons, unchanged from the previous trading day; petroleum asphalt warehouse futures warehouse receipts totaled 24,200 tons, a decrease of 1,800 tons from the previous trading day; tin futures warehouse receipts totaled 8,975 tons, a decrease of 137 tons from the previous trading day; lead futures warehouse receipts totaled 57,524 tons, an increase of 1,995 tons from the previous trading day; and gold futures warehouse receipts totaled 109,653 kilograms, unchanged from the previous trading day.Estonian Foreign Minister Tshakna: Former German Chancellor Schröder will not represent Europe.

As Official Crypto Exchange Partner of the Grammys

Cory Russell

Apr 01, 2022 10:37


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Binance has signed on as the Recording Academy's first official cryptocurrency exchange partner.


Binance will be sought out by the Recording Academy to spearhead Web3 efforts.


Binance's collaboration with the Recording Academy is the latest in a series of K-Pop collaborations aimed at increasing fan interaction.


Binance, one of the most popular cryptocurrency exchanges, was in the news again today. Despite recent clashes with regulators in a number of locations, Binance continues to push the crypto envelope.


To raise brand exposure, cryptocurrency exchanges have targeted mainstream events. eToro, FTX, Coinbase, and Crypto.com were featured in Super Bowl LVI in February, with the crypto exchanges purchasing half-time ad time.

Binance Sponsors the Grammys in the US

Binance became the Recording Academy's first-ever official crypto exchange partner today, according to news reports. The Grammy Awards, the only peer-recognized music honor, are organized by the Recording Academy.


Binance and the Recording Academy will apparently use Web3 to boost music fan engagement, as revealed by the Recording Academy on Twitter.


The Grammy Awards attracted only 8.8 million viewers in 2021, down from 18.7 million in 2020.


The previous low was 17 million in 2006, according to the New York Times. Staples Corner, currently known as Crypto.com Arena, hosted the event in 2021.


Similar trends have been observed in other broadcast award shows and significant athletic events.


While viewership for Super Bowl LVI dropped to a 15-year low, crypto exchanges experienced a surge in visitors shortly after their commercials aired. Binance is looking for the same thing.


Web 3 is not new to the Recording Academy. The Academy and Tezos-based NFT platform OneOf struck a three-year contract in November.


After forming relationships with K-Pop, Binance supports the Grammy Awards.

Music Industry and Global Fan Base Binance

Binance and KStarLive announced the release of "THE SHOW FanBox NFT Collection" in late 2021.


THE SHOW FanBox NFT Collection was FEATURED's first K-Pop performance NFT release. Binance's innovation arm, FEATURED, is a non-custodial, on-chain NFT platform.


SM Brand Marketing and YG Entertainment have also developed strategic collaborations with Binance.


Binance and SM Brand Marketing are working together to create a global Play-to-Create (P2C) ecosystem. Users will be able to generate content and items such as games, music, dance, and merchandise that can be converted into NFTs using P2C.


YG Entertainment, a K-pop label, and Binance are collaborating to build Metaverse, NFT, and gaming options.


Binance provides K-Pop with a worldwide platform for fan retention and engagement.


Binance will be looked to by the Recording Academy to spearhead similar projects in order to keep the Grammys at the forefront of the music business.


The 2022 Grammy Awards will be held on April 3 in Las Vegas.