• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 19th, the Beijing Municipal Administration for Market Regulation announced that, based on the work deployment of the State Administration for Market Regulation and preliminary investigations, it has initiated investigations into four online hotel and travel booking platform companies for suspected illegal activities. Fliggy issued a statement saying that it attaches great importance to this matter and will actively cooperate with the Beijing Municipal Administration for Market Regulations investigations to fully implement regulatory requirements. Fliggy has always respected and maintained a fair, open, and orderly market environment and will continue to work with all parties in the industry to promote high-quality development of the industry.September 19th - A mudslide occurred near the Shijiagou Tunnel in Zhiliuhe Village, Gesala Township, Yanbian County, Panzhihua City, Sichuan Province in the early hours of the 19th. According to relevant departments, preliminary statistics indicate that five people are currently missing.On September 19th, it was reported that the Beijing Municipal Administration for Market Regulation, based on the work deployment of the State Administration for Market Regulation and preliminary investigations, has initiated investigations into four online hotel and travel booking platforms for suspected illegal activities. In response, Meituan issued a statement saying that its online hotel booking platform, Meituan Travel, and others received notification from the Beijing Municipal Administration for Market Regulation that the authorities are investigating these companies for suspected violations of market supervision laws and regulations. Meituan Travel will actively cooperate with the regulatory authorities investigation, fully implement regulatory requirements, and work with all parties in the industry to build a sustainable market environment.September 19th - From the evening of September 18th to the early morning of September 19th, the Saudi Civil Defense issued a series of security alerts covering areas including Riyadh, Jeddah, Khaliq, Abha, Al-Ulah, Jizan, Yanbu, Khamis Mushait, Taif, and the Firasan Islands, with explosions reported in multiple locations. The Chinese Embassy and Consulates in Saudi Arabia reiterate their reminder to Chinese-funded institutions and citizens in Saudi Arabia to strengthen their security precautions and to take immediate evacuation measures as required by the alerts. Do not photograph military operations or spread unverified information. Passengers with air travel plans should maintain close contact with their airlines to avoid disruptions to their travel plans. In case of emergency, please contact the police immediately and the Chinese Embassy or Consulates in Saudi Arabia.On September 19th, a mudslide occurred near the Shijiagou Tunnel in Zhiliuhe Village, Gesala Township, Yanbian County, Panzhihua City, Sichuan Province, in the early hours of the morning. Following the disaster, the Sichuan Provincial Emergency Management Department coordinated with the Panzhihua City and Yanbian County Emergency Management Bureaus to jointly discuss rescue efforts and dispatched a working group to the scene to guide the response. Simultaneously, Wing Loong drones were deployed to the site to restore communications and conduct aerial reconnaissance. Currently, local authorities are organizing rescue and relief efforts.

Crypto Prices Slump Over the Weekend

Skylar Shaw

May 09, 2022 09:59

微信截图_20220509094222.png


The Bitcoin market dropped over the weekend, matching the stock market's decline.


According to CoinDesk pricing, the world's biggest cryptocurrency, bitcoin, plummeted to $34,656 on Sunday afternoon, down 3.9 percent from Friday evening. Bitcoin fell below $34,000 earlier this afternoon, about half of its all-time high of $67,802 set in November.


Ethereum, the second-largest cryptocurrency, was trading at about $2,565 on Sunday afternoon, down 5.1 percent from Friday at 5 p.m. EDT.


Bitcoin and other cryptocurrencies are notorious for their wild price volatility


For years, individual investors dominated the market, but institutional investors, such as hedge funds and money managers, have begun to take control.


The market has become more aligned with regular markets as more professional investors trade crypto. Many institutional investors that acquire cryptocurrencies see them as high-risk investments, akin to equities in the technology sector. During periods of market turmoil, investors prefer to flee to safer areas.


Last week, the stock market fell the day after the Federal Reserve issued a half-point rate hike, the largest since 2000, to combat inflation. Additional rate hikes are possible this summer, according to Fed Chairman Jerome Powell. 


Some of the central bank's $9 trillion asset portfolio is also being unwound.


The Nasdaq Composite, which is heavily weighted in technology, fell to a 52-week low of 12144.66 on Friday. It is down 22% so far this year.


For most of 2022, cryptocurrency prices remained flat as investors braced for higher interest rates. According to CoinMarketCap, the crypto market was busy over the weekend, with $112 billion in market volume in a 24-hour period. The total value of the cryptocurrency market is currently $1.59 trillion.