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November 30th - OPEC+ is about to hold a meeting to assess the global oil market. Given the increasingly apparent signs of oversupply, the alliances oil-producing countries are still expected to pause supply increases in the first quarter of next year. Several representatives indicated that the Saudi- and Russian-led alliance is likely to adhere to the plan reached earlier this month to make a modest production increase in December, followed by stable production levels for the first three months of next year. While this pause demonstrates some caution from OPEC and its partners after their rapid resumption of oil production earlier this year, it still leaves the global market facing a significant oversupply in early 2026, potentially putting further pressure on oil prices.Ukrainian President Volodymyr Zelenskyy announced that he has appointed former Ukrainian Ambassador to the United States, Irina Markarova, as his advisor on reconstruction and investment.On November 30th, Canadian Solar announced that it plans to adjust its US market business by establishing two new joint ventures, M and N, with its controlling shareholder, Canadian Solar Inc. (CSIQ). CSI will hold 24.9% of the shares, and CSIQ will hold 75.1%. Company M will focus on the US photovoltaic business, while Company N will focus on the US energy storage business. Simultaneously, the company plans to restructure its US manufacturing plant, with CSIQ holding 75.1% and CSI holding 24.9%, to obtain a one-time equity transfer consideration and subsequent ongoing equity gains from the 24.9% stake in the US business. This transaction and the waiver of commitments have been approved by the board of directors and are subject to shareholder approval.On November 30th, Baili Tianheng announced that its wholly-owned subsidiary, SystImmune, recently received a $250 million milestone payment from BMS. According to the cooperation agreement, the company is also eligible for up to $250 million in near-term contingent payments, as well as additional payments of up to $7.1 billion upon achieving specific development, registration, and sales milestones.On November 30th, Zhuochuang Information announced that it submitted an application to the Hong Kong Stock Exchange on November 28th, 2025, for the issuance of overseas listed shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. The application materials for this issuance and listing were also published on the Hong Kong Stock Exchange website on the same day. The issuance and listing are subject to approval, authorization, or filing by relevant government agencies, regulatory bodies, and stock exchanges, and will be implemented only after comprehensive consideration of market conditions and other factors. Therefore, the matter remains subject to uncertainty.

Ukraine's 'Father of Crypto' Says the Crypto Scene Has Changed Due to War

Cory Russell

Apr 06, 2022 11:17


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Michael Chobanian, the founder of KUNA, spoke on the state of crypto before and after the war.

He said that crypto has become Ukraine's most valued currency.


Instead of entering the army, Michael worked for the government as a crypto banker.


The invasion of Ukraine by Russia is a disaster that will be remembered for Russia's harshness, lack of mercy, and terrible methods. However, certain advantages came to the world of crypto in the form of acceptance amid the most awful of circumstances.


Michael Chobanian, the founder of Ukraine's largest crypto exchange, KUNA, emphasized how dramatically the crypto industry has altered in the previous month in an interview with Bloomberg.

Ukraine and crypto

For more than eight years, Michael has been a proponent of all things crypto. Since becoming a full-time crypto actor in 2013, Michael has had to deal with government raids and other issues.


And, in order to defend crypto enterprises, he has served as President of the Blockchain Association of Ukraine. The most dramatic developments in Ukraine's crypto space, on the other hand, occurred only at the start of the conflict.


Before the conflict, KUNA was used to processing $1 million to $4 million in volume every day, according to Michael. But, since February 24, a lot has changed, and crypto has emerged as a critical component of the war effort.


The once-dominant payment methods of USD and cash have now become obsolete.


"No one wants cash because you can't really transport it outside of the nation and you can't really store it safely." Crypto is becoming the most valued type of currency in Ukraine. Everyone wants crypto because it is the quickest, most flexible, simplest, and least bureaucratic method of storing and spending money. "In Ukraine, crypto is the new king of money." The amount of crypto donations received by Ukraine (Bitcoin, Ethereum, etc.) has supported the war effort with over 5,500 bulletproof vests, 500 helmets, night-vision goggles, and medication.


As a result, instead of entering the army, Michael became a government crypto banker. "I'm in charge of collecting, fundraising, and storing crypto, as well as trading crypto for crypto and crypto for fiat, creating bank accounts for intermediaries or the government, and then buying anything the Ministry of Defense requires," he explained. We also locate vendors ready to offer us humanitarian items, such as helmets or protective jackets, in exchange for crypto. So I'm in head of this government-run virtual crypto fund."


In the last month, the Crypto Efforts Ukraine has gathered over $100 million in crypto donations to fund the battle effort. This covers things like bitcoin contributions and NFT sales, among other things.


In addition, the Ukrainian government has established the NFT War Museum, the revenues of which will be used to assist the administration.


On the other side, Russian Foreign Minister Sergei Lavrov has been traveling throughout the world, pleading for assistance in evading Western sanctions.


Sergei stated today during a visit to India that India and Russia are friends, praising the country's non-biased viewpoints, and that in the future, "it is absolutely clear that more and more transactions will be done through this system using national currencies, bypassing the dollar, euro, and other currencies."

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