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On January 12th, Jinpan Technology announced that the production line for its new product, amorphous strip, within the "Digital Factory Project for Amorphous Alloy Cores," part of the "High-Efficiency Energy-Saving Liquid-Immersed Transformers and Intelligent Manufacturing Project for Amorphous Alloy Cores," funded by convertible bonds issued to unspecified investors in December 2025, has successfully commenced production. Testing has confirmed that the performance and technical specifications of the amorphous strip products produced by this project fully meet the relevant national standards.Lenovo Group (00992.HK): The Board meeting will be held on February 12, 2026, to review and approve the Group’s unaudited financial results for the nine months ended December 31, 2025.Tencent Holdings (00700.HK) spent HK$635.7 million to repurchase 1 million shares on January 12.On January 12th, the China Chamber of Commerce for Machinery and Electronic Products (CCME) stated that a proper resolution to the EUs anti-subsidy case against Chinese electric vehicles is a common expectation of the upstream and downstream industries of the electric vehicle sector in both China and the EU. This resolution will help promote the security and stability of related industrial and supply chains between China and the EU, safeguard the overall situation of Sino-EU economic and trade cooperation, and uphold the rules-based international trade order. Based on mutual respect and dialogue, both sides successfully achieved a "soft landing" for the case after multiple rounds of consultations. The CCME expressed its gratitude to the Ministry of Commerce of China for its extensive work and positive results in effectively safeguarding the interests of relevant industries, and will encourage and support the companies involved to fully utilize the consultation results and strive to secure their export rights to the EU through price undertaking applications, thereby promoting the healthy development of Sino-EU industrial cooperation.The Eurozones Sentix investor confidence index for January was -1.8, compared to a forecast of -4.9 and a previous reading of -6.2.

Indonesian Crypto Exchange Ensures Compliance With Biometric Security-Based Wallet

Cory Russell

May 11, 2022 10:37

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According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.

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