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A Bloomberg poll of economists on January 22nd showed that Dutchman Klaus Noether is the most likely successor to Christine Lagarde as head of the European Central Bank, despite other candidates having better qualifications. Noether, who stepped down as governor of the Dutch central bank last year, topped the list, followed by Pablo Hernandez de Cos, president of the Bank for International Settlements, and Jönegel, president of the Bundesbank, in third place. Meanwhile, respondents unanimously believed that ECB Executive Board member Schnabel possessed the best skills to succeed Lagarde, whose term expires next year. Former Bank of Spain governor De Cos ranked second, with Noether close behind.The yield on Japans 40-year government bonds fell 7.5 basis points to 3.980%.Bankers say the Reserve Bank of India (RBI) conducted over $2 billion in foreign exchange swap operations over the past two days to offset liquidity losses caused by a sell-off in the dollar spot market. This indicates the central bank is committed to easing exchange rate pressures while avoiding exacerbating liquidity strains in the banking system.New York silver futures rose 1.00% on the day, currently trading at $93.58 per ounce.January 22 - According to Shenzhen Customs, Shenzhens foreign trade will perform exceptionally well in 2025 despite challenges - the total import and export volume will reach 4.55 trillion yuan, a year-on-year increase of 1.4%, setting a new historical record and continuing to rank first among mainland cities, with exports achieving a "33rd consecutive year of leadership".

Binance's Investment in Terra LUNA is Denied by CZ

Cory Russell

May 16, 2022 10:22

CZ Dismisses Reports That Binance Has Invested in Terra

On Thursday, Binance delisted LUNA perpetual contracts with a Bitcoin (BTC) margin.


CZ had already expressed his dissatisfaction with the Terra team's handling of the problem.


As the LUNA and UST drama proceeded to shake up the market, Binance CEO Changpeng Zhao (CZ) issued a warning on Twitter to "respect the market, with a degree of care."


Despite CZ's criticism, allegations circulated on Twitter last week that crypto exchange Binance was one of the major investors in the Terra LUNA ecosystem during the LUNA and UST crises.

CZ Is No Longer Associated With the LUNA Investment

Binance CEO CZ come forth to address the Terra rumors in order to clear Binance's reputation. "First, I need to confront misinformation floating in crypto Twitter," he stated on Twitter. Binance did not participate in Luna's second round of financing and did not purchase any UST. In 2018, Binance Labs invested $3 million in Terra (the layer 0 blockchain). After our first investment, UST arrived significantly later."


Binance Labs, according to CZ, has invested in a variety of crypto ventures over the previous four years. While some of these efforts have failed, others have been quite successful. CZ said, "That's how investments operate."