Yuan an CEO said it plans to list its US business within three years.

Zhao Changpeng, founder and CEO of the cryptocurrency exchange Yuan an, said in a recent interview that its US subsidiary is likely to conduct an initial public offering (IPO) within the next three years. Zhao Changpeng said: "Yuan an the United States will do what Coinbase has done." Coinbase, the largest cryptocurrency exchange in the United States, was listed on Nasdaq in April. Zhao Changpeng said that Yuan an America will also complete a round of large private equity financing in the next two months, which will reduce his control over the board of directors. Zhao Changpeng also revealed that Yuan'an made a profit of US $800m to US $1 billion in 2020. Last

新浪科技Sep 2, 2021 09:42

The latest words from the big heads of Wall Street! Former chief equity strategist at JPMorgan: us stocks will rise another 7% in the second half of the year

Although the U. S. stock market continues to climb, Tom Lee, co-founder of strategy consulting firm Fundstrat Global Advisors, believes that U. S. stocks have more momentum to rebound. On Wednesday, Tom Lee raised its year-end target for the S & P to 4600 from 4300, betting that the index would rise 7 per cent in the second half of the year after rising more than 14 per cent so far this year. Tom Lee, a former chief equity strategist at JPM.US (JPM), is also a well-known bullion on Wall Street. If Tom Lee

FX168Jul 1, 2021 13:21

The surge in demand has led to a record decline in US crude oil inventories.

Us crude oil inventories are falling at their fastest pace in decades as demand continues to rebound, driving up the oil futures market. Over the past four weeks, total U.S. crude oil stocks, including the Strategic Petroleum Reserve, have fallen at a rate of 1.15 million barrels a day, the largest four-week rolling decline since the data were available to the U.S. Energy Information Administration in 1982. Meanwhile, term spreads on the New York Mercantile Exchange rose on Wednesday, with September WTI contracts trading at a premium of $1 a barrel over October contracts for the second time this month, suggesting that supply is expected to remain tight throughout the summer. The record decline in crude oil inventories highlights US oil demand

新浪財經Jul 1, 2021 04:45

Apple: Some users are currently unable to control Apple cards and make payments

Sina Tech News reported on the evening of June 2, Beijing time, that according to information on Apple's official website, its virtual credit card Apple Card service is currently down. Apple said on the “System Status” page of its official website that the Apple Card is currently down, affecting all Apple Card users. Specifically, users may not be able to manage their Apple Cards, make payments, or view recent transactions. In March 2019, Apple released its virtual credit card Apple Card. In August of the same year, Apple Card

新浪科技Jun 3, 2021 00:26

Trading profits soared, hedge fund asset size soared to a record high

With high expectations for the economy and huge government spending, the size of hedge fund assets has surged to record levels. According to the latest BarclayHedge data, by the end of March, the total assets of the industry had expanded to 4.07 trillion US dollars, and managed assets broke through the 4 trillion US dollar mark for the first time in February. This growth is due to the steady performance of hedge funds and increased investor interest in continuing to invest cash in the sector. Over the past 12 months, hedge fund trading profits alone have surpassed $500 billion, reaching $552.1 billion. The assets under management expanded by more than 42% over the same period. Ba

新浪財經Jun 3, 2021 00:25

The short boom in US Treasuries hit a record level last week

Investors are betting heavily on a fall in US Treasuries, which hit a record level of bearishness last week. The overall indicator of changes in non-commercial net positions in the Treasury futures yield curve fell the most on record, according to the latest data from the Commodity Futures Trading Commission. Penglu Zhao, a strategist at TD Securities, said the change was equivalent to a $45 billion net short position in benchmark Treasuries. Speculators joined the bears last week as markets were nervous about the risks of Fed retrenchment and early interest rate hikes, Zhao wrote on Friday. Dealers and leveraged funds are net buyers, asset managers and other investors are

新浪財經Mar 8, 2021 09:00