Jerry Lin
The Latest
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SoftBank Prepares to Divest Almost Entire Alibaba Stake Amid Shift to "Defensive Mode"
SoftBank Group Corp is set to offload nearly all its remaining shares in Alibaba Group Holding Ltd, with the transaction reducing SoftBank's stake in the Chinese e-commerce giant to just 3.8%, according to an analysis of regulatory filings by the Financial Times. The filings were submitted to the U.S. Securities and Exchange Commission. 
SoftBank Group Corp is set to offload nearly all its remaining shares in Alibaba Group Holding Ltd, with the transaction reducing SoftBank's stake in the Chinese e-commerce giant to just 3.8%, according to an analysis of regulatory filings by the Financial Times. The filings were submitted to the U.S. Securities and Exchange Commission. -
Bankrupt FTX Crypto Exchange Recoups $7.3 Billion in Assets, Considers Future Plans
Bankrupt cryptocurrency exchange FTX has successfully regained over $7.3 billion in cash and liquid crypto assets, marking an increase of over $800 million since January, according to the company's attorney Andy Dietderich. He made the announcement during a U.S. bankruptcy court hearing in Delaware on Wednesday. 
Bankrupt cryptocurrency exchange FTX has successfully regained over $7.3 billion in cash and liquid crypto assets, marking an increase of over $800 million since January, according to the company's attorney Andy Dietderich. He made the announcement during a U.S. bankruptcy court hearing in Delaware on Wednesday. -
Bitcoin Dips Below $30K as Ether Staking Tokens Tumble Prior to Shapella Upgrade
In the early European trading hours on Wednesday, Bitcoin (BTC) dipped below the crucial $30,000 mark, with the overall market capitalization experiencing a 1.2% decline in the last 24 hours. Ether (ETH) led the drop among major tokens, trading just above $1,860. Solana's SOL managed to stay in the green, while BNB, Cardano's ADA, and XRP relinquished gains from Monday night. 
In the early European trading hours on Wednesday, Bitcoin (BTC) dipped below the crucial $30,000 mark, with the overall market capitalization experiencing a 1.2% decline in the last 24 hours. Ether (ETH) led the drop among major tokens, trading just above $1,860. Solana's SOL managed to stay in the green, while BNB, Cardano's ADA, and XRP relinquished gains from Monday night. -
China Anticipated to Abandon Demand for Shared Losses in Debt Restructuring, Aiding Debt Relief
China is likely to abandon its demand that multilateral development banks share losses with other creditors during sovereign debt restructurings for impoverished countries, potentially removing a significant obstacle to debt relief, according to a source knowledgeable about the plans. 
China is likely to abandon its demand that multilateral development banks share losses with other creditors during sovereign debt restructurings for impoverished countries, potentially removing a significant obstacle to debt relief, according to a source knowledgeable about the plans. -
Ford Pledges $1.3 Billion to Transform Canadian Plant into Electric Vehicle Hub
Ford Motor announced on Tuesday that it will invest approximately $1.3 billion (1.8 billion Canadian dollars) in its Oakville Assembly Plant in Ontario, Canada, to convert the facility into a cutting-edge electric vehicle (EV) manufacturing hub. 
Ford Motor announced on Tuesday that it will invest approximately $1.3 billion (1.8 billion Canadian dollars) in its Oakville Assembly Plant in Ontario, Canada, to convert the facility into a cutting-edge electric vehicle (EV) manufacturing hub. -
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.
