Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom 
China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook 
China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry 
Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks 
Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy 
Hanwha Ocean Shares Rise on Plans to Expand U.S. Shipbuilding Capacity 
Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion 
OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook 
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes 
AustralianSuper Backs BlueScope Steel’s Rejection of $9 Billion Takeover Bid 
Stellantis to End Plug-In Hybrid Sales in the U.S. as Demand Shifts Toward Traditional Hybrids 
Rio Tinto–Glencore Merger Talks Spark Investor Debate Over Value, Strategy and Coal Exposure 
FxWirePro- Major Crypto levels and bias summary 
Hong Kong-based cryptocurrency financial services firm Amber Group raised $100 million to push its valuation to $1 billion.
Investment bank China Renaissance led the funding round with participation from such high-profile investors as New York-based Tiger Global Management. Existing investors include Coinbase’s venture arm.
Amber Group sells products to institutional investors and wealthy individuals, bringing a “private banking experience" offers investors several cryptocurrency products to invest in.
According to Amber Group CEO Michael Wu, 70 to 80 percent of Amber's revenue comes from net interest margin while about 15 percent from trading fees.
The company is on track to book revenue of $500 million this year and has been profitable “since inception.”
In the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, soaring from the $600 million in the same period last year.
While interest in bitcoin, rose this year as institutional investors and large corporations jumped in, causing it to reach a record high of $64,829.14 in April, it has plunged by nearly half.
