Jerry Lin
The Latest
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Ethereum's Shapella Upgrade Set to Unlock $33 Billion, Boosting Market Activity
The forthcoming Shapella software upgrade to the Ethereum blockchain is expected to unlock over $33 billion worth of ether, allowing investors to access their staked coins that have been locked up for the past three years. 
The forthcoming Shapella software upgrade to the Ethereum blockchain is expected to unlock over $33 billion worth of ether, allowing investors to access their staked coins that have been locked up for the past three years. -
Minor Chinese Banks Slash Deposit Rates Amid Tightening Margins
As loan growth faces increasing pressure amid heightened economic risks, several smaller and mid-sized banks in China have reduced their deposit interest rates, which could help alleviate costs. 
As loan growth faces increasing pressure amid heightened economic risks, several smaller and mid-sized banks in China have reduced their deposit interest rates, which could help alleviate costs. -
Bitcoin Surpasses $30,000 Milestone as Investors Anticipate End of Monetary Tightening
Bitcoin, the leading cryptocurrency, soared past the significant $30,000 mark on Tuesday for the first time in 10 months. This increase comes as investors anticipate an end to the U.S. Federal Reserve's aggressive monetary tightening measures. 
Bitcoin, the leading cryptocurrency, soared past the significant $30,000 mark on Tuesday for the first time in 10 months. This increase comes as investors anticipate an end to the U.S. Federal Reserve's aggressive monetary tightening measures. -
BYD Unveils New Shock Absorption Technology for Premium EVs, Backed by Warren Buffett
Chinese electric vehicle (EV) giant BYD has revealed an innovative driver-assist technology designed to provide a smoother driving experience and give the company a competitive advantage in the EV market. 
Chinese electric vehicle (EV) giant BYD has revealed an innovative driver-assist technology designed to provide a smoother driving experience and give the company a competitive advantage in the EV market. -
China's Payment Association Cautions Against AI Tools like ChatGPT Due to Data Leak Risks
On Monday, the Payment & Clearing Association of China issued a warning against the use of artificial intelligence tools like Microsoft-backed OpenAI's ChatGPT, citing concerns such as cross-border data leaks. The association is overseen by China's central bank. 
On Monday, the Payment & Clearing Association of China issued a warning against the use of artificial intelligence tools like Microsoft-backed OpenAI's ChatGPT, citing concerns such as cross-border data leaks. The association is overseen by China's central bank. -
Microsoft's OpenAI Investment: A Promising $13 Billion Gamble Amid Uncertainty
Microsoft's initial $1 billion investment in OpenAI in 2019 went mostly unnoticed as startup funding in artificial intelligence (AI) was commonplace. Fast forward three years, and AI, specifically generative AI, has become the standout sector as startup funding has dropped off. 
Microsoft's initial $1 billion investment in OpenAI in 2019 went mostly unnoticed as startup funding in artificial intelligence (AI) was commonplace. Fast forward three years, and AI, specifically generative AI, has become the standout sector as startup funding has dropped off. -
U.S. Job Growth Deceleration Leads to Decline in Treasury Yields
On Monday, U.S. government debt prices saw an increase after data released last week indicated a deceleration in job growth. The yield on the benchmark 10-year Treasury note dropped to 3.363%, while the yield on the 30-year Treasury bond fell to 3.584%. Concurrently, the 2-year note yield declined about 4 basis points to 3.933%. Yields and prices have an inverse relationship. 
On Monday, U.S. government debt prices saw an increase after data released last week indicated a deceleration in job growth. The yield on the benchmark 10-year Treasury note dropped to 3.363%, while the yield on the 30-year Treasury bond fell to 3.584%. Concurrently, the 2-year note yield declined about 4 basis points to 3.933%. Yields and prices have an inverse relationship. -
OpenAI CEO Envisions Japan Expansion and Enhanced Language Services Following Meeting with Prime Minister Kishida
Sam Altman, OpenAI's co-founder and CEO, expressed interest in establishing a Japan office and enhancing Japanese language services after meeting with Prime Minister Fumio Kishida. Altman shared his enthusiasm for engaging with Japanese talent and developing valuable technology for the people of Japan while speaking to reporters in Tokyo on Monday. 
Sam Altman, OpenAI's co-founder and CEO, expressed interest in establishing a Japan office and enhancing Japanese language services after meeting with Prime Minister Fumio Kishida. Altman shared his enthusiasm for engaging with Japanese talent and developing valuable technology for the people of Japan while speaking to reporters in Tokyo on Monday. -
Tesla Expands Megapack Battery Production with New Shanghai Facility
Tesla Inc. announced plans to construct a new factory in Shanghai, with a production capacity of 10,000 Megapack energy products per year, to supplement the output of its California Megapack facility. Chinese state media outlet Xinhua first reported the news. 
Tesla Inc. announced plans to construct a new factory in Shanghai, with a production capacity of 10,000 Megapack energy products per year, to supplement the output of its California Megapack facility. Chinese state media outlet Xinhua first reported the news. -
Chinese Ambassador Dismisses 'No Limits' Friendship with Russia as Mere Rhetoric; Asserts Neutrality in Ukraine Conflict
China's ambassador to the European Union, Fu Cong, recently sought to clarify the nation's stance on the ongoing Ukraine conflict, downplaying the "no limits" friendship between China and Russia. In an interview with The New York Times, Fu emphasized that China remains neutral in the crisis and does not support Russia's actions in Ukraine. 
China's ambassador to the European Union, Fu Cong, recently sought to clarify the nation's stance on the ongoing Ukraine conflict, downplaying the "no limits" friendship between China and Russia. In an interview with The New York Times, Fu emphasized that China remains neutral in the crisis and does not support Russia's actions in Ukraine.
