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Japans corporate services price index rose 1.2% month-on-month in March, compared with 0.2% in the previous month.Japans corporate services price index rose 3.1% year-on-year in March, below the expected 3.00% and the previous reading of 2.70%.April 24th - Data released on Friday showed that Japans core consumer price index (CPI) slowed for the second consecutive month to below the central banks 2% target in March, as government fuel subsidies offset price pressures from the energy shock triggered by the conflict in Iran. Analysts expect inflation to accelerate back above the Bank of Japans target in the coming months as businesses begin to pass on rising fuel costs from the Middle East conflict. The core CPI, excluding the impact of volatile fresh food costs, rose 1.8% year-on-year in March, in line with the market median forecast. This followed a 1.6% increase in February. Another index, excluding fresh food and fuel (a better indicator closely monitored by the Bank of Japan as a measure of demand-driven price changes), rose 2.4% year-on-year in March, compared to a 2.5% increase in February.On April 24th, according to foreign media reports, most soybean oil futures contracts on the Chicago Board of Trade (CBOT) closed higher on Thursday, with only the May contract slightly lower. The benchmark contract closed up 0.1% on the day, mainly reflecting the surge in international crude oil prices and improved US soybean oil sales. Tensions in the Middle East further boosted international crude oil futures, which lifted sentiment in the Chicago soybean oil market. The US Department of Agricultures weekly export sales report showed that for the week ending April 16, 2026, net sales of US soybean oil for the 2025/26 marketing year totaled 1,500 tons, a 34% increase from the previous week and significantly higher than the four-week average.On April 24, the Russian Ministry of Defense reported on the 23rd that Russian forces struck energy and transportation infrastructure used by Ukrainian forces, as well as temporary deployment points of Ukrainian armed forces and foreign mercenaries, in 138 areas over the past day. Russian air defense systems shot down 10 guided-missile bombs and 418 fixed-wing drones. On the same day, the General Staff of the Ukrainian Armed Forces reported that the Ukrainian Air Force, missile forces, and artillery launched strikes against multiple Russian personnel and equipment concentration areas and command posts, shooting down 1,941 drones. On the 23rd, a source from the Ukrainian Security Service stated that Ukrainian drones attacked the Gorky oil pumping station in Nizhny Novgorod Oblast, Russia, causing a fire.

Celsius crypto lender, now bankrupt, sues ex-money manager over alleged theft

Jimmy Khan

Aug 24, 2022 15:25

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Before the cryptocurrency lender went bankrupt last month, Celsius Network LLC, according to a lawsuit filed on Tuesday by the company against a former investment manager, lost or stole assets worth tens of millions of dollars.


After Stone misrepresented himself as a pioneer in the industry, Celsius filed a case in Manhattan bankruptcy court accusing Stone and his business KeyFi Inc of "gross carelessness" and "extraordinarily poor" crypto investment.


Stone was "unable" to use cryptocurrencies profitably, according to Celsius, leading to losses of "several tens of millions of dollars."


He allegedly used stolen money to purchase hundreds of non-fungible tokens ("NFTs"), which he kept out of sight, and then hid his activities by using Tornado Cash, a cryptocurrency "mixer" that the U.S. Treasury Department banned on August 8 due to concerns that it could be used to launder the proceeds of cybercrime.


Six weeks after KeyFi sued Celsius in a Manhattan-based New York state court, the current case was filed on Tuesday.


It alleged that Celsius operated a Ponzi scheme, improperly handled client deposits, neglected to hedge investments, and defrauded Stone of possible compensation worth hundreds of millions of dollars.


According to court documents, Stone worked with Celsius for roughly seven months, concluding in March 2021.


Stone's attorney Kyle Roche said via email that Celsius CEO Alex Mashinsky had approved KeyFi's remuneration, which included NFTs.


The most recent filing by Celsius, according to Roche, "is an effort to rewrite history and make KeyFi and Mr. Stone the scapegoat for their organizational failure."


Each party feels the other is owed money, and both lawsuits aim to recover it as well as compensatory and punitive damages.


After halting withdrawals and transfers for its 1.7 million clients because to "extreme" market circumstances on July 13, Celsius, located in Hoboken, New Jersey, filed for Chapter 11 protection from creditors.


The cases are KeyFi Inc. v. Celsius Network Ltd. et al., New York State Supreme Court, New York County, No. 652367/2022; and Celsius Network Ltd. et al. v. Stone et al., U.S. Bankruptcy Court, Southern District of New York, No. 22-ap-01139.

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