🚀 Tether Treasury Reduces USDT Supply by 3.5 Billion

Tether Treasury has executed a significant reduction in the circulating supply of its stablecoin, USDT, by burning 3.5 billion tokens. According to NS3.AI, this strategic move aims to manage the supply of USDT more effectively. The burn was reported by Whale Alert, a service that tracks large cryptocurrency transactions. Such actions are typically undertaken to maintain the stability and value of the stablecoin in the market.

#Tether #USDT #stablecoin #cryptocurrency #tokenburn #WhaleAlert #cryptotransactions

🚀 Hong Kong Stocks Show Early Gains with Hang Seng Index Rising

Hong Kong stocks experienced an upward trend in the early afternoon session, with the Hang Seng Index reaching 27,168 points, marking an increase of 141 points or 0.52%. According to RTHK, the Technology Index also saw a rise, reporting at 5,465 points, up by 47 points, which translates to a growth of 0.88%.

#HongKongStocks #HangSengIndex #TechnologyIndex #StockMarket #MarketGains #RTHK

🚀 Nigeria to Implement Cybersecurity Framework Amid Rising AI-Driven Cyberattacks

Nigeria is set to establish a cybersecurity framework in response to a growing wave of sophisticated cyberattacks powered by artificial intelligence. Bloomberg posted on X that these cyber threats are causing significant financial losses to banks, companies, and government agencies across the country. The Nigerian government aims to bolster its defenses against these advanced attacks, which have become increasingly prevalent and costly. The initiative is part of a broader effort to enhance national security and protect critical infrastructure from cyber threats. As cybercriminals leverage AI technologies to execute more complex attacks, Nigeria's move to develop a robust cybersecurity strategy is seen as a crucial step in safeguarding its digital assets and maintaining economic stability.

#Nigeria #Cybersecurity #AI #Cyberattacks #NationalSecurity #DigitalAssets #EconomicStability #CriticalInfrastructure

🚀 Standard Chartered CFO Diego De Giorgi Steps Down Unexpectedly

Standard Chartered announced that Chief Financial Officer Diego De Giorgi has resigned from his position effective immediately. Bloomberg posted on X, highlighting the unexpected nature of De Giorgi's departure after serving nearly two years in the role. The bank has not provided further details regarding the reasons behind his sudden exit. De Giorgi's tenure at Standard Chartered was marked by efforts to streamline operations and improve financial performance. His departure comes at a time when the bank is navigating various challenges in the global financial landscape. The search for a successor is expected to commence shortly, as the bank aims to maintain stability in its financial leadership.

#StandardChartered #CFO #DiegoDeGiorgi #resignation #bankleadership #financialperformance #globalfinance #executivedeparture #leadershiptransition

🚀 Uncertainty Looms Over Markets Amid Unrelated Scandal

Markets are currently facing a period of uncertainty, with questions arising about how a long-deceased American pedophile could potentially impact a British prime minister he never met. Bloomberg posted on X, highlighting the unusual connection and its implications for market stability. The situation underscores the unpredictable nature of global events and their potential to influence economic conditions. As investors navigate this period, the focus remains on understanding the broader impacts of such unexpected developments.

#Uncertainty #Markets #Scandal #Bloomberg #GlobalEvents #EconomicConditions #Investors #MarketStability #UnexpectedDevelopments

🚀 Japan to Convene Special Parliament Session for Prime Minister Election on October 18

Japan's government is set to convene a special parliamentary session on October 18 to conduct the election for the Prime Minister. According to RTHK, the Japanese Constitution mandates that a special parliament must be called within 30 days following the conclusion of the House of Representatives election to elect a new Prime Minister. On the day of the special session, the current Takashi Cabinet will resign collectively, allowing the newly elected members of the House of Representatives and the existing House of Councillors to vote for the new Prime Minister, who will then form a new cabinet.

The election process involves voting in both the House of Representatives and the House of Councillors. A candidate who secures more than half of the votes in the first round will be declared the winner. If no candidate achieves a majority, the top two candidates will proceed to a second round, where the one with the most votes will win. In the event of a disagreement between the two houses, the Constitution stipulates that the decision of the House of Representatives will prevail.

Reports indicate that with the Liberal Democratic Party holding more than two-thirds of the seats in the House of Representatives, Sanae Takaichi is expected to win the Prime Minister election without much contest. Sanae Takaichi stated yesterday that once the parliament convenes, efforts will be made to advance the 2026 fiscal budget and related legislative measures.

#Japan #PrimeMinisterElection #SpecialParliamentSession #HouseOfRepresentatives #HouseOfCouncillors #TakashiCabinet #SanaeTakaichi #LiberalDemocraticParty #FiscalBudget #JapaneseConstitution

🚀 CSL Announces Immediate Departure of CEO Paul McKenzie

CSL has announced that CEO Paul McKenzie is stepping down from his position, effective immediately. Bloomberg posted on X that this decision comes just one day before the company is scheduled to report its earnings. The sudden departure of McKenzie has raised questions about the timing and potential impact on the company's financial disclosures. CSL has not provided further details regarding the reasons for McKenzie's departure or the interim leadership arrangements. The company is expected to address these issues in its upcoming earnings report.

#CSL #CEO #PaulMcKenzie #departure #earningsreport #financialdisclosures #leadership

🚀 Hong Kong Activist Jimmy Lai Sentenced to 20 Years for National Security Crimes

Hong Kong democracy activist and media mogul Jimmy Lai has been sentenced to 20 years in prison following his conviction for national security crimes. Bloomberg posted on X that Lai, a prominent critic of Beijing, was found guilty under the national security law imposed by China, which has been used to suppress political dissent in the region.

The national security law, enacted in 2020, has been criticized internationally for its broad scope and severe penalties. It criminalizes acts of secession, subversion, terrorism, and collusion with foreign forces, with penalties ranging from fines to life imprisonment. Critics argue that the law undermines the autonomy promised to Hong Kong under the "one country, two systems" framework.

Lai, the founder of the now-defunct Apple Daily newspaper, has been a vocal advocate for democracy and press freedom in Hong Kong. His conviction is seen as part of a broader crackdown on pro-democracy activists and media outlets in the city.

The international community has expressed concern over Lai's sentencing and the implications of the national security law on freedom of expression and human rights in Hong Kong. Human rights organizations have called for Lai's release and urged the international community to take a stronger stance against Beijing's actions.

Lai's legal team plans to appeal the conviction, arguing that the charges are politically motivated and violate his rights under Hong Kong's Basic Law. The case has drawn significant attention as a symbol of the ongoing struggle for democracy and freedom in Hong Kong.

#JimmyLai #HongKong #NationalSecurityLaw #Democracy #PressFreedom #China #HumanRights #PoliticalDissent #ProDemocracy #AppleDaily #OneCountryTwoSystems #FreedomOfExpression #LegalAppeal

🚀 Bangladesh's Oldest Political Party Urges Election Boycott Amid Credibility Concerns

Bangladesh's oldest political party has been barred from participating in the elections scheduled for this week, raising concerns about ongoing political instability in the country. Bloomberg posted on X, the party has urged its supporters to boycott the polls, claiming they lack credibility. The party's exclusion from the electoral process has sparked debates about the fairness and transparency of the upcoming elections. Observers are closely monitoring the situation, as the party's call for a boycott could impact voter turnout and the overall legitimacy of the election results. The political landscape in Bangladesh remains tense, with questions surrounding the democratic process and the future of political participation in the nation.

#Bangladesh #PoliticalParty #ElectionBoycott #CredibilityConcerns #PoliticalInstability #ElectoralProcess #VoterTurnout #ElectionLegitimacy #DemocraticProcess #PoliticalParticipation

🚀 Binance to Update Collateral Ratios for Portfolio Margin Assets

According to the announcement from Binance, the platform is set to update the collateral ratio and Tiered Collateral Ratio for PM Pro concerning specific assets under Portfolio Margin. This adjustment is scheduled to take place on 2026-02-13 at 06:00 (UTC) and is expected to be completed within approximately 30 minutes.

The assets affected by this update include W, SEI, RUNE, SSV, BB, 1INCH, COMP, KSM, AR, PYTH, CKB, KMNO, KNC, DUSK, ATA, MAV, SPK, YFI, HEI, and IOTA. The collateral ratios for these assets will be reduced, with W and SEI decreasing from 45% to 40%, and others like RUNE, SSV, BB, 1INCH, COMP, KSM, AR, PYTH, and CKB dropping from 35% to 30%. Additionally, KMNO, KNC, DUSK, ATA, MAV, SPK, YFI, HEI, and IOTA will see their collateral ratios decrease from 20% to 10%.

For PM Pro assets, the collateral ratio adjustments will also affect the rank floor and cap in USD. For SSV, BB, and CKB, the rank floor will change from 90 to 100,000 USD, maintaining a 100% collateral ratio. The cap will adjust from 100,000 to 250,000 USD, with the collateral ratio decreasing to 80%. Further adjustments include a cap increase to 500,000 USD with a 50% collateral ratio, and a cap of 99,999,999,999 USD with a 10% collateral ratio.

Binance advises users to closely monitor the Unified Maintenance Margin Ratio (uniMMR) to prevent potential liquidation or losses due to these changes. The collateral ratio impacts the uniMMR, and users should remain vigilant to manage their positions effectively.

#Binance #CollateralRatio #PortfolioMargin #PMPro #CryptoAssets #W #SEI #RUNE #SSV #BB #1INCH #COMP #KSM #AR #PYTH #CKB #KMNO #KNC #DUSK #ATA #MAV #SPK #YFI #HEI #IOTA #UnifiedMaintenanceMarginRatio #uniMMR #Liquidation

🚀 TSMC Reports Strong January Sales Amid Global AI Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) experienced a significant increase in sales for January, marking the fastest growth in months. Bloomberg posted on X, highlighting that this surge indicates continued global investment in artificial intelligence, despite ongoing concerns about a potential industry bubble.

The company's robust performance reflects the persistent demand for AI technologies, which has been a driving force in the semiconductor industry. TSMC's sales growth suggests that the market for AI-related products remains strong, even as some analysts warn of possible overvaluation in the sector.

This development comes amid a broader context of fluctuating market conditions and varying forecasts for the tech industry. TSMC's ability to maintain growth in such an environment underscores its pivotal role in the global semiconductor supply chain.

As the industry navigates these challenges, TSMC's sales figures provide a glimpse into the ongoing trends and potential future directions for AI and semiconductor markets.

#TSMC #JanuarySales #GlobalAI #Semiconductor #ArtificialIntelligence #TechIndustry #AItechnology #MarketGrowth #TSMCperformance

🚀 Climate Inaction Threatens Fashion Industry Profits, Report Finds

A recent report highlights that 34% of the fashion industry's profits are at risk due to climate inaction. Bloomberg posted on X, emphasizing the potential financial impact on the sector if environmental concerns are not addressed. The report suggests that the industry's failure to implement sustainable practices could lead to significant economic losses.

The fashion industry, known for its substantial environmental footprint, faces increasing pressure to adopt eco-friendly measures. The report warns that without decisive action, the sector could experience a decline in profitability, affecting stakeholders across the supply chain.

Experts urge companies to prioritize sustainability to mitigate risks and safeguard future earnings. The report calls for a shift towards sustainable materials and practices to reduce the industry's environmental impact.

As climate change continues to pose challenges globally, the fashion industry must adapt to remain viable. The report serves as a wake-up call for businesses to integrate sustainability into their operations, ensuring long-term profitability and environmental responsibility.

#ClimateInaction #FashionIndustry #Sustainability #EcoFriendly #EnvironmentalImpact #ProfitRisk #ClimateChange #SustainableMaterials #FashionReport #BusinessAdaptation

🚀 SK Group and NVIDIA Discuss AI Collaboration in California Meeting

On February 10, SK Group Chairman Chey Tae-won met with NVIDIA CEO Jensen Huang at a California restaurant to discuss high-bandwidth memory (HBM) supply and broader artificial intelligence business cooperation. According to Jin10, the meeting highlights ongoing efforts to strengthen ties between the two companies in the AI sector. Previously, reports indicated that Samsung Electronics plans to begin mass production of HBM4 as early as the third week of this month, which will be used in NVIDIA's next-generation AI computing platform, 'Vera Rubin.'

#SKGroup #NVIDIA #AI #ArtificialIntelligence #HBM #HighBandwidthMemory #VeraRubin #CheyTaewon #JensenHuang #SamsungElectronics #Collaboration #AIComputing

🚀 Pakistan to Compete Against India in T20 Cricket World Cup

Pakistan has decided to participate in the T20 Cricket World Cup match against India, reversing its previous decision to boycott the game. Bloomberg posted on X that this change comes after significant diplomatic efforts by regional countries. The initial boycott was a result of political tensions, but recent negotiations have led to a resolution, allowing the match to proceed as planned. This development is seen as a positive step towards improving relations between the two nations, which have a long history of rivalry both on and off the cricket field. The decision is expected to be welcomed by cricket fans and officials who have been eager to see the two teams compete in the prestigious tournament.

#Pakistan #India #T20CricketWorldCup #Cricket #Diplomacy #Boycott #PoliticalTensions #CricketRivalry #Bloomberg #RegionalNegotiations #SportsDiplomacy #CricketFans #PakistanIndiaRelations

🚀 Li Yuanheng Completes Production Line for Polish Client's Commercial Vehicle Battery Modules

Li Yuanheng has announced the successful completion of a production line for commercial vehicle battery modules tailored for a Polish client. According to Jin10, this achievement signifies the company's systematic establishment of localized design, manufacturing, and service capabilities in Europe.

#LiYuanheng #ProductionLine #PolishClient #CommercialVehicle #BatteryModules #Europe #LocalizedDesign #Manufacturing #ServiceCapabilities

🚀 Exploring Milan: A Day in Italy's Fashion Capital

Milan, renowned as Italy's fashion capital, offers a blend of cultural and culinary experiences. Bloomberg posted on X, highlighting insights from two local insiders who share their recommendations for a perfect day in the city. Visitors can start their day by exploring Milan's vibrant art scene, with numerous galleries showcasing contemporary and classic works.

The city's rich history is reflected in its architecture, with landmarks such as the Duomo di Milano offering breathtaking views and intricate designs. For those interested in shopping, Milan's fashion district provides a plethora of high-end boutiques and designer stores.

Culinary enthusiasts can indulge in Milan's diverse food offerings, from traditional Italian bakeries to modern eateries serving innovative dishes. The city's cafes are perfect for a leisurely afternoon break, offering a variety of pastries and coffee blends.

As the day winds down, Milan's nightlife presents an array of options, from chic bars to lively clubs, ensuring a memorable experience in this bustling metropolis. Whether it's art, fashion, or food, Milan promises a day filled with discovery and enjoyment.

#Milan #Italy #FashionCapital #Art #CulturalExperience #Architecture #DuomoDiMilano #Shopping #HighEndFashion #CulinaryExperience #ItalianCuisine #Nightlife #Bars #Clubs #Food #Pastries #Coffee #Bloomberg

🚀 SEC Commissioner Highlights Transition of Tokenization in Securities

SEC Commissioner Mark T. Uyeda has emphasized the shift of tokenization from theoretical concepts to practical applications within traditional securities on the blockchain. According to NS3.AI, Uyeda underscored the importance of adapting existing securities regulations to accommodate this transition without imposing unnecessary barriers. He highlighted the need to maintain essential obligations such as disclosure and investor protection. Uyeda also reiterated the SEC's commitment to technology neutrality, focusing on achieving regulatory outcomes irrespective of the technology employed.

#SEC #MarkUyeda #Tokenization #Securities #Blockchain #InvestorProtection #Disclosure #TechnologyNeutrality #Regulation

🚀 Hong Kong's Single-Family Offices Increase by 25% in 2023

Hong Kong has seen a significant rise in the number of single-family offices, with a 25% increase to 3,384 by the end of last year. Bloomberg posted on X, highlighting the city's efforts to strengthen its position as a leading Asian wealth hub. This growth reflects Hong Kong's strategic initiatives to attract global wealth and investment, reinforcing its status in the region. The increase in single-family offices underscores the city's appeal to affluent families seeking to manage their wealth in a favorable economic environment. Hong Kong's commitment to enhancing its financial infrastructure and regulatory framework has been pivotal in attracting these entities, contributing to its reputation as a premier destination for wealth management in Asia.

#HongKong #SingleFamilyOffice #WealthManagement #Investment #Finance #AsianWealthHub #EconomicGrowth #FinancialInfrastructure #RegulatoryFramework #GlobalWealth

🚀 Gucci's Sales Decline as Kering Faces Challenges

Gucci experienced a decline in sales during the final months of last year, highlighting ongoing challenges for its parent company, Kering. Bloomberg posted on X, indicating that the luxury fashion brand is facing difficulties in revitalizing its market presence. The downturn in sales underscores the broader issues Kering is encountering as it seeks to boost its flagship brand's performance. Despite efforts to rejuvenate Gucci's appeal, the brand has struggled to maintain its previous growth momentum. This situation reflects the competitive landscape in the luxury fashion industry and the pressures on Kering to adapt and innovate in response to changing consumer preferences. The company's strategy moving forward will be crucial in determining its ability to overcome these challenges and restore Gucci's market position.

#Gucci #SalesDecline #Kering #LuxuryFashion #MarketChallenges #Bloomberg #BrandRevitalization #ConsumerPreferences #FashionIndustry #Innovation #GrowthMomentum

🚀 Eight Roads Halts Sale of Chinese Tech Holdings Amid Improved Valuations

Eight Roads, a venture capital firm supported by Fidelity Investments' billionaire Johnson family, has decided to pause its plans to sell stakes in numerous Chinese technology companies. Bloomberg posted on X that this decision comes as geopolitical tensions ease and the valuations of these firms show signs of improvement. The firm had initially considered divesting its holdings due to the challenging geopolitical climate and fluctuating market conditions. However, the recent stabilization in these areas has prompted a reassessment of their strategy. Eight Roads' decision reflects a broader trend among investors who are cautiously optimistic about the Chinese tech sector's potential for recovery and growth. The firm continues to monitor the situation closely, balancing the risks and opportunities presented by the evolving market landscape.

#EightRoads #FidelityInvestments #ChineseTech #GeopoliticalTensions #MarketValuations #VentureCapital #InvestmentStrategy #TechSector #Recovery #Growth

🚀 Royal Philips Aims for Mid-Teens Operating Margin by 2028

Royal Philips has set a goal to achieve an operating margin in the mid-teens by 2028. Bloomberg posted on X, highlighting the company's efforts to move past the expensive recall of its sleep apnea devices. The medical technology firm is focusing on improving its financial performance following the challenges posed by the recall. Philips is implementing strategies to enhance its operational efficiency and profitability over the coming years. The company is committed to restoring its reputation and financial stability as it navigates the aftermath of the recall incident.

#RoyalPhilips #OperatingMargin #MedicalTechnology #FinancialPerformance #Recall #SleepApnea #OperationalEfficiency #Profitability #ReputationRestoration #FinancialStability