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Euro Stoxx 50 futures rose 0.13%, German DAX futures rose 0.24%, and UK FTSE 100 futures rose 0.18%.February 16th - According to the Ministry of Transport, data from the Comprehensive Transportation Spring Festival Travel Rush Task Force shows that on February 15th, 2026 (the 14th day of the Spring Festival travel rush, the 28th day of the twelfth lunar month, Sunday), the total cross-regional passenger flow in China reached 286.397 million person-times, a 0.3% increase compared to the previous day and a 10.7% increase compared to the same period in 2025 (Monday). Specifically, railway passenger volume was 13.798 million person-times, a 9.8% decrease compared to the previous day and a 3.2% increase compared to the same period in 2025. Road passenger flow (including non-commercial passenger car trips on expressways and ordinary national and provincial highways, and commercial road passenger traffic) reached 269.31 million person-times, a 0.9% increase compared to the previous day and an 11% increase compared to the same period in 2025. Among them, the volume of commercial passenger traffic by road was 38.45 million, a decrease of 4.2% month-on-month and an increase of 8.2% year-on-year; the volume of non-commercial passenger car trips on expressways and ordinary national and provincial highways was 230.86 million, an increase of 1.8% month-on-month and an increase of 11.5% year-on-year. The volume of passenger traffic by waterway was 919,000, a decrease of 4.8% month-on-month and an increase of 38.5% year-on-year. The volume of passenger traffic by civil aviation was 2.371 million, a decrease of 1.6% month-on-month and an increase of 6.4% year-on-year.February 16th - Iran and the United States are scheduled to hold their second round of indirect talks on February 17th in Geneva, Switzerland. Ahead of the talks, Iran stated that it seeks a nuclear agreement with the United States that would bring economic benefits to both sides. According to Irans Fars News Agency on February 15th, Hamid Gambari, Irans Deputy Foreign Minister in charge of economic affairs, said, "To ensure the sustainability of the agreement, it is crucial that the United States also benefits in areas where it can quickly obtain high economic returns." He indicated that the second round of indirect talks on the 17th will cover shared interests in areas such as oil and gas fields, joint mining operations, mining investment, and even aircraft procurement.The yield on Japans 40-year government bonds rose 7.0 basis points to 3.725%, while the yield on Japans 30-year government bonds rose 5.0 basis points to 3.485%.February 16th - Recently, due to a surge in global demand for GLM-5, concurrent access has exceeded the planned limits, leading to queuing, response delays, and lag, impacting the experience for some users. Although Zhipu (02513.HK) has repeatedly expanded its domestic chip cluster and released limited GLM Coding Plan packages, it has not been able to completely resolve the current supply shortage. Zhipu is now launching a "Computing Power Partner" recruitment program: 1. Chip Manufacturers: Zhipu is willing to open its core technology interfaces to jointly conduct underlying optimizations for GLM-5. 2. Computing Power Partners and Inference Service Providers: Jointly build a higher concurrency, lower latency inference network. 3. Other forms of computing power cooperation.

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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