Unexpectedly, the first hot search today comes from the coin circle!
According to the news of ostrich blockchain on March 10, evidence from a number of former employees of Sun Yuchen's company and on-chain data shows that Sun Yuchen, a big man in the post-90s currency circle, organized a market making team during the tron, suspected of insider trading, evading IC0 bans, etc. At present, the IRS and the FBI have intervened in the investigation, and Sun Yuchen may use the citizenship of other countries again to evade legal sanctions.
Subsequently, according to Tech Planet, Sun Yuchen responded that this was a complete lie by the reporter and a blatant slander against poloniex operations. In fact, there have been many recent events about the currency circle, especially the Russian part. Yesterday, there were overseas media reports that Coinbase blocked 25,000 crypto wallets from linking to Russian users.
On the other hand, there is also the latest news on the Russian-Ukrainian conflict. According to CCTV news, on the 10th local time, Russian Foreign Minister Lavrov and Ukrainian Foreign Minister Kureba will hold talks in Antalya. This is the first direct contact between the Russian and Ukrainian high-level levels since Russia launched a special military operation on February 24. U.S. Vice President Harris arrived in Warsaw, Poland, to begin a visit to the key country of Poland.
So, what is the situation in Russia and Ukraine? Judging from the opening of USD/RUB, the market's reaction to the situation has not deteriorated, and the ruble has also appreciated by a certain extent. The global stock market also counterattacked across the board, with the three major A-share indexes closing up more than 1%, and individual stocks rising together.
The FBI is eyeing the post-90s currency circle boss?
Today, the first Weibo hot search came from the coin circle.
According to the news of Ostrich Blockchain on March 10, evidence from a number of former employees of Sun Yuchen's company and on-chain data shows that Sun Yuchen organized a market making team during the tron period, suspected of insider trading, and evaded the IC0 ban; Produced near-untried KYC tools during BitTorrent to expand user engagement; During his time at Poloniex, he organized a team to collect small assets lost by users in the trading platform for their own use, and was suspected of fraud, money laundering through immigration or evasion of legal sanctions. In addition, people familiar with the disclosure expressed concern that the revelation would bring danger to their lives. At present, the US Internal Revenue Service and the FBI have intervened in the investigation, and Sun Yuchen may once again use the citizenship of other countries to evade legal sanctions.
According to Baidu Encyclopedia, Sun Yuchen (Justin) is the founder of Trontron, who served as the chief representative of Ripple Labs Greater China in 2014, is one of the earliest evangelists of blockchain concept in China, and 30 entrepreneurs under 30 years old in Forbes Asia in 2015 and 2017. In 2018, it ranked 29th in the list of Chinese post-90s writers.
So, what is the authenticity of this matter? According to tech planet news on March 10, in response to the news that Sun Yuchen is suspected of insider trading, the FBI and the Internal Revenue Service have launched an investigation, Sun Yuchen responded that this is completely a lie by reporters and a blatant slander of Poloniex's operation. Sun Yuchen said that as a SAFU exchange, Poloniex has maintained the highest standards in secrecy of crypto assets for customers over the past 8 years and has a good track record of performance. In fact, Poloniex is not registered in Seychelles, the exchange does not operate in the United States, nor does it serve U.S. customers.
In addition, Sun Yuchen said in his response that he had contacted legal counsel and would reserve the right to seek legal means to deal with the lies.
For the first time, the Russian and Ukrainian high-level direct contacts
The market's concern about the situation in Russia and Ukraine has not diminished. According to the latest news from CCTV News, on the 10th local time, Russian Foreign Minister Lavrov and Ukrainian Foreign Minister Kureba will hold talks in Antalya. This is the first direct contact between the Russian and Ukrainian high-level levels since Russia launched a special military operation on February 24. As of press time, the talks should have already begun.
According to CCTV News, on March 10, local time, Ukrainian President Zelenskiy said in an interview with The Bild that he firmly believes that the war can only be stopped through direct dialogue with Russian President Vladimir Putin on the basis of mutual compromise. He also said that the goal of each round of negotiations was to end the war. The Ukrainian side is ready to make some compromises, but it will never betray and betray the country. At the same time, the Russian side must also be willing to compromise, "this is the only solution for us to get out of the current stalemate." He said that before the real talks, the specific details are inconvenient to disclose more.
Zyovkova, deputy director of the Ukrainian Presidential Office, also said a few days ago that the Ukrainian side will not accept Russia's "ultimatum" but is ready to negotiate with russia on Ukraine's neutral status. At the same time, Ukraine wants security guarantees.
It is worth mentioning that on the evening of March 9, local time, US Vice President Harris arrived in Warsaw, Poland. During her visit to Poland, she will hold meetings with Polish President Duda and Prime Minister Morawiecki and inspect the US military. The main issues between the two sides remain the Russian-Ukrainian conflict, assistance to Ukraine and the possible transfer of Polish MiG-29 fighter jets.
On March 10, Beijing time, the US House of Representatives voted overwhelmingly to pass a bill banning the purchase of Russian oil and other energy products. The bill would ban the import of Russian crude oil, liquefied natural gas (LNG), coal, and refined oil products such as gasoline and kerosene.
The stock market has a collective counterattack
As the situation on the periphery eased, global stock markets generally rose sharply.
On March 10, the three major A-share indexes opened sharply higher, maintained a high level of shock throughout the day, fell slightly in the afternoon, individual stocks showed a general upward trend, pharmaceuticals, new energy and other performance was eye-catching, oil, precious metals fell. According to wind information, the Shanghai Composite Index closed up 1.22% at 3296.09 points, the Shenzhen Component Index rose 2.18% at 12370.95 points, the ChiNext Index rose 2.67% at 2635.19 points, the Kechuang 50 rose 2.1% at 1153.36 points, and the Wonder all A rose 1.78% at 5181.67 points. The market turnover exceeded one trillion yuan for 6 consecutive trading days; the only variable was that the actual net sale of northbound funds exceeded 3 billion yuan.
It is worth mentioning the exchange rate of Russia. On March 10, the dollar fell 3.3% against the Russian ruble at 116, and then it was repeated, but overall, the ruble trend tended to stabilize, which means that the market's expectations for the situation in Russia and Ukraine are also moderate.
So, how will the global market interpret it next? Analysts believe that from last night's market trend, it is clear that in the short term, the sensitivity of the market to negative information about the situation in Russia and Ukraine is declining, but the sensitivity to positive information continues to increase. Subsequently, as long as there is no event beyond expectations, the possibility of the market again breaking down sharply and continuously tends to decline, and the market will return to the economic variables themselves. Of course, the variables may still exist in the long run, but this is not the main contradiction of the market at the moment.
Editor-in-charge: Gui Yanmin