Japan: A private rocket exploded immediately after launch

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On March 13 (local time), the first launch of the Kairos rocket of Space One (Japan) ended in an explosion just a few seconds after takeoff, according to Reuters. The launch was broadcast live by local media on the Kii Peninsula in western Japan. The rocket exploded causing a large cloud of smoke, fire, and debris. Space One stated that the rocket launch is highly automated and requires more than 10 employees at the ground control center. They are currently investigating the cause of the explosion.

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The Kairos rocket is 18 meters long and has 4 stages. It was carrying an experimental satellite of the Japanese Government that can temporarily replace intelligence satellites in orbit if they become inoperative. Space One had planned to launch the rocket on March 9, but they had to postpone it when a ship entered nearby waters. They are trying to become the first Japanese company to launch a satellite into orbit.

Although Japan is not a major player in the space race, rocket developers in the country are trying to create cheaper vehicles to meet demand. Satellite launches are booming, both from the Japanese government and global customers. Working with the United States, Japan is seeking to revitalize its domestic aerospace industry to cope with technological and military competition from China and Russia.

In 2023, the Japanese government promised to fully support startups related to the space industry with technology important to national security. Japan is also working to build satellite constellations to enhance intelligence capabilities.

Jisoo donated to the mangrove forest improvement project in Ca Mau

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Jisoo, a member of the K-pop group Blackpink, has announced that she will donate all of the profits from her YouTube channel to the non-governmental organization “Save The Children International”. Her channel has nearly 5 million subscribers and will contribute to a project to create mangrove forests in Nam Can district, Ca Mau province, Vietnam.

“Save The Children International” is a global organization that supports children’s rights and works towards their safety, happiness, and future. It comprises Save the Children International and 30 national members, supporting 15.9 million children across 46 countries.

Jisoo’s YouTube channel.

Jisoo’s personal YouTube channel, named “행복지수 103%” (Happiness Jisoo 103%), was created in January 2023. From the beginning, Jisoo expressed her intention to donate all profits to charity. Currently, her channel has over 4.99 million followers.

Jisoo has repeatedly stated her desire to use the proceeds to help those in need. “I hope everyone’s happiness index will increase higher,” she said.

China: Gas explosion at a restaurant, 28 casualties

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Earlier today, at around 8:00 a.m. local time, a restaurant explosion occurred in a residential area in China, possibly due to a gas leak. The explosion caused a four-story building to be destroyed, with images circulating on China’s Weibo social network showing walls and ceilings being destroyed and huge plumes of smoke in the sky.

At least three buildings were seriously damaged, with one building left with only a bare frame. Buildings opposite where the explosion occurred were also affected, with shattered glass and damaged store signs. Several nearby vehicles were also damaged.

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Around 36 vehicles and 154 firefighters were dispatched to the scene to extinguish the fire. By the afternoon, the fire was under control, and residents living within a 500-meter radius of the explosion scene were evacuated.

The injured were taken to the hospital and their current health status is unknown. Unfortunately, China has seen a series of deadly accidents caused by gas leaks in recent years, such as the June 2023 gas explosion at a barbecue restaurant in the northwest region of Ningxia, which killed 31 people. Following that incident, China’s market regulator issued detailed instructions on the use of gas stoves and appliances to avoid safety risks.

Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users

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Nigeria is also demanding all transaction history spanning the past six months from Binance.

Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday.

The demand comes as Nigeria’s detention of Binance’s compliance head and Africa region manager moves into a third week.

Binance’s Tigran Gambaryan and Nadeem Anjarwalla have been held against their will in a “guesthouse” run by Nigeria’s National Security Agency after arriving in Abuja on Feb. 25 on the Nigerian government’s invitation. By Feb. 29, the news of the detention had emerged without the names of the executives. The titles and names emerged on Tuesday.

Nigeria’s government and Binance have been involved in a dispute about some $26 billion of untraceable funds.

According to the FT, Nigeria sees Binance as a crucial link undermining government efforts to stabilize its currency, the naira. Additionally, Nigeria is asking Binance to resolve any outstanding tax liabilities. Binance has removed the naira for trading from its website.

Neither Gambaryan nor Anjarwalla have been charged with an offense but were being held “simply as hostages,” the FT reported, citing “one person briefed on the situation.” The person also said they were being well treated.

In the past 24 hours, a Binance spokesperson has stated that “we are working collaboratively with Nigerian authorities to bring Nadeem and Tigran back home to their families.”

The FT cited a court order that allowed the detention of the Binance executives for 14 days, ending Tuesday, with an extension hearing scheduled for Wednesday.

U.S. Govt. Study Concludes No NFT-Specific Legislation Needed Yet, Current Copyright Laws Adequate

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The study comes despite warnings about the risks associated with NFTs due to bad actors around correcting misinformation or misappropriation of trademarks.

The current intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens (NFTs), a 112-page long study by the United States Patent and Trademark Office (USPTO) and the U.S. Copyright Office has concluded.

The study was requested by Former Democratic Senator from Vermont, Patrick Joseph Leahy and Democratic Senator from North Carolina, Thom Tillis, in June 2022.

The USPTO and the Copyright Office conducted three public roundtables and solicited comments from interested stakeholders. The offices found that most stakeholders that the current laws were adequate, even though “trademark misappropriation and infringement are common on NFT platforms.”

“The Offices agree with these assessments and do not believe that changes to intellectual property laws, or to the Offices’ registration and recordation practices, are necessary or advisable at this time,” the study concluded.

The stakeholders also expressed concerns that NFT-specific legislation would be premature at this time and could impede the evolving development of the tech around NFTs.

This despite a technology industry association warning “that bad actors misappropriate trademarks to solicit, and then exploit, consumers’ personal information and urged the Offices to consider this risk in the context of NFTs.”

U.S. regulation around NFTs has had a shade of ambiguity, if not a spectrum. In August 2023, Impact Theory, a California-based media company, settled charges brought by the U.S. Securities and Exchange Commission (SEC), the first NFT-related enforcement action by U.S. regulators.

Impact Theory sold three tiers of NFT offerings, and because the company promised investors would profit off the collectibles, the SEC deemed these NFTs to be securities. Impact Theory agreed to set up a fund to reimburse investors and pay a fine of $6.1 million. The case did not suggest regulators consider all NFTs to be securities.

The study said the lack of “controlling judicial precedent regarding whether a trademark registration for physical goods can be enforced against the use of that mark on similar digital goods tied to NFTs complicates enforcement efforts.”

Still, the likes of even Donald Trump have introduced and sold out their NFT collections.

TikTok to launch social network to compete with Instagram

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TikTok is said to be entering a new battlefield with a photo-sharing social network to compete with Instagram.

According to TechNewsSpace, while Instagram is striving to compete with TikTok in the short video domain, the most prominent features of this American social network are still image uploads and sharing daily stories. Now, TikTok is retaliating against Meta’s platform by developing its own app to compete with Instagram.

According to TheSpAndroid blog, the latest version of the TikTok app has been dissected, revealing numerous references to an upcoming app called ‘TikTok Photos’.

TikTok is about to launch a social network to compete with Instagram

This app is expected to resemble Instagram, with a news feed for users to post photos for friends and family to see. Users will also be able to repost some content from the main TikTok app onto this platform. A snippet of code within the app indicates that it will be a place “where like-minded people, passionate about sharing photos, can find each other” and there will be options to share photos to this social network.

The official release date of TikTok Photos has yet to be disclosed, but an announcement is expected in the near future.

Currently, many prominent Instagram bloggers complain that the social network is increasingly focused on video content, losing its original purpose as a photo-sharing platform. TikTok could potentially fill this gap, but perhaps this is not the most opportune time for such an effort. Specifically, the US Congress is preparing to vote on a bill requiring ByteDance to sell TikTok or face a ban in the US.

@Thanhnien.vn

Quy Nhon to have coastal walking street

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On March 12th, the leadership of Quy Nhon City People’s Committee announced that the People’s Committee of Binh Dinh Province had approved the plan to construct the Quy Nhon pedestrian street.

According to Quy Nhon City People’s Committee, relevant agencies have developed a plan to organize the Quy Nhon pedestrian street and submitted it to the People’s Committee of Binh Dinh Province. As of now, the plan has been approved by the competent authorities at all levels and given the green light for implementation.

The construction of Quy Nhon walking street will contribute to the development of the night economy

The plan for constructing the Quy Nhon pedestrian street consists of three routes: Nguyen Thiep, Nguyen Lac – Tran Doc, and Do Doc Bao.

Among these, the Nguyen Thiep route connects to Nguyen Tat Thanh Square and the beach, which are planned and designed for landscape architecture to organize tourism services and events.

The Nguyen Lac – Tran Doc route is planned to develop and connect with the culinary street of Ngo Van So and nearby areas, forming a culinary tourism zone.

Meanwhile, the Do Doc Bao route will be uniformly decorated along the entire length with green trees on both sides of Do Doc Bao and Pham Hung streets, with artistic spaces combined with commercial services. Initially, this street will be implemented in the area adjacent to Nguyen Tat Thanh – Do Doc Bao – Hoang Dieu – Nguyen Hue streets.

Mr. Ngo Hoang Nam, Chairman of Quy Nhon City People’s Committee, shared: “We are directing relevant agencies to continue completing procedures for issuing the official plan and allocating funds, as well as the investment list for infrastructure for the pedestrian street.”

In addition to constructing the pedestrian street, the People’s Committee of Binh Dinh Province also plans to build a new Provincial Comprehensive Museum in Quy Nhon City. At the same time, there will be a plan to relocate the Quy Nhon night market elsewhere and operate it in a modern direction to create unique night attractions, meeting the economic and tourism development requirements of Quy Nhon City.

@Thanhnien.vn

Soon to launch direct flights from Vietnam to Europe

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Vietnam Airlines will open additional direct routes to Europe with the Hanoi, Ho Chi Minh City – Munich (Germany) route starting in October.

Vietnam Airlines flights to Germany will use Boeing wide-body aircraft. Photo: VNA.

Vietnam Airlines announced that it will operate flights between Hanoi and Munich with a frequency of 2 flights per week, departing from Hanoi on Fridays and Sundays. The return flights will depart from Munich on Mondays and Saturdays.

Additionally, the route between Ho Chi Minh City and Munich is also scheduled to be operated once a week on Mondays, and the return leg on Tuesdays. Starting from December, this route will add another flight on Wednesdays each week.

Vietnam’s national airline stated that all flights will be operated by environmentally friendly Boeing 787 wide-body aircraft.

With this new destination, Vietnam Airlines will operate a total of 4 routes from Hanoi and Ho Chi Minh City to the two major cities of Germany, Frankfurt and Munich.

Currently, Vietnam Airlines is the only domestic airline operating direct flights to Europe. Previously, Bamboo Airways operated flights from Vietnam to Germany and the UK using Boeing 787 aircraft. However, the airline has since returned all wide-body aircraft, suspended international routes, and only focuses on domestic flights using Airbus narrow-body aircraft during its comprehensive restructuring process.

In January, Vietnam Airlines Chairman Dang Ngoc Hoa stated that this year the airline will open more international routes such as Milan (Italy), Copenhagen (Denmark), and North America, including Seattle (USA), and Vancouver (Canada).

As the third largest city in Germany, Munich is not only an important economic, cultural, and transportation hub, but also a city with a thriving tourism industry. Munich is known for its rich history, featuring a blend of ancient and modern architectural landmarks, and is famous for the renowned Oktoberfest beer festival held annually in October.

@Znews

Launching 1,000-seat high-speed boat, traveling Vung Tau – Con Dao in only 3 hours

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Recently, the Phu Quoc High-Speed Ferry Company inaugurated and put into operation the Thang Long high-speed ferry, serving passengers traveling on the Vung Tau – Con Dao route and vice versa.

Thang Long high-speed boat at Cau Da port (Vung Tau). Photo: Doan Manh Duong/TTXVN

Sharing on VNA, Mr. Vu Van Khuong, General Director of Phu Quoc High-Speed Ferry Company, said that this is currently the largest passenger high-speed ferry in Vietnam, with 3 decks and a capacity of up to 1,017 passengers.

The ferry is specially designed for the Vung Tau, Ho Chi Minh City to Con Dao route and vice versa. This is a long-distance route, greatly affected by the Northeast and Southwest monsoons, with boats having to navigate against and along the waves, so very few high-speed ferries can operate on this route.

The ferry uses 3 modern engines manufactured by Roll-Royce MTU of the Federal Republic of Germany with a total capacity of nearly 12,000 horsepower, shortening the travel time from Vung Tau to Con Dao to just about 3 hours.

According to Phu Quoc High-Speed Ferry Company, at 8:00 on March 9, the ferry will depart for Con Dao from Cau Da port (Vung Tau city) and return on March 10.

It is known that the ticket prices for this ferry range from 790,000 VND to 1.2 million VND per trip. Tickets for children, disabled people, and the elderly range from 550,000 VND to 760,000 VND per trip. This ferry departs from Vung Tau at 7:30 am on Mondays, Wednesdays, and Fridays. The return trip departs at 1:00 pm on Tuesdays, Thursdays, and Sundays.

@SGtiepthi

Booking.com: Over 50% of Vietnamese tourists prefer beachside resorts

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Preparing for the upcoming peak summer travel season, Booking.com, an online travel platform, has released the Resort Prospects Report for the first time, aiming to highlight the trends of Vietnamese travelers when booking accommodation.

Photo: Mercure Vung Tau

Accordingly, important factors for Vietnamese tourists when booking accommodation include having security measures to protect guests (accounting for 49%); no hidden fees or additional service charges (46%); easy and flexible booking (46%); ensuring availability after depositing (39%); and being able to view detailed reviews of the location beforehand (38%).

Other factors also of interest during the booking process include the ability to book immediately (25%) and the ability to cancel last-minute bookings while still receiving a full refund (24%).

When it comes to the types of resorts that attract Vietnamese tourists, beach houses are the most popular model (51%), followed by cozy cabin models (34%) and farm stays (28%). Thus, more than a quarter (26%) of Vietnamese respondents indicated that a beachfront location or easy access to the beach is an important factor that makes a property appealing to them.

More than 50% of Vietnamese tourists like to relax near the sea. Photo: Mercure Vung Tau

Additionally, in 2023, travelers tended to seek unique and novel travel experiences, such as tiny homes (25%), classic rural-style houses (21%), and camping (20%).

Regarding the accommodation experience, travelers expect cleanliness and tidiness (54%), reasonable room rates (52%), area security (52%), location (49%), and attractive interior design and decoration (40%). Meanwhile, accommodation providers prioritize five factors: area security (57%), cleanliness and tidiness (57%), reasonable room rates (57%), location (46%), and interior design and decoration (45%).

Booking.com’s Resort Prospects Report surveyed 11,000 hosts and travelers, revealing prevailing trends in the short-term rental segment from seven Asia-Pacific countries, including Vietnam, India, Australia, New Zealand, South Korea, Japan, and China.’

@SGtiepthi

Domestic airfare prices start to cool down after Tet

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The airfare from the North and Central regions to the South has cooled down, with some routes dropping by half compared to the end of February and the Lunar New Year season.

According to reports, round-trip airfares for Hanoi – Ho Chi Minh City flights on the upcoming weekends (March 15-17) have decreased by 30 – 45%, even halving compared to the period from December 2023 to February 29, 2024, ranging from 3.2 to 4.5 million VND per ticket.

Specifically, the economy-class round-trip tickets for Hanoi – Ho Chi Minh City departing on March 19 and returning on March 22 by Vietjet Air are priced at 3,150,000 VND, Bamboo Airway at 3,387,000 VND, Vietravel Airlines at 3,429,000 VND, and Vietnam Airlines at 4,585,000 VND.

Flight tickets from the North, Central to the South are sharply discounted compared to the time before and immediately after Tet. (Screenshots).

Similarly, for routes from Hai Phong, Thanh Hoa, Vinh to Ho Chi Minh City, round-trip fares on the upcoming weekends (March 22-24) are also as low as 3 million VND. For example, round-trip tickets from Hai Phong to Ho Chi Minh City departing on March 19 and returning on March 22 by Bamboo Airways are priced at 3,309,000 VND; by Vietjet Air at 3,301,000 VND, and Vietnam Airlines at 3,954,000 VND.

During the same period, for the Vinh – Ho Chi Minh City route, the fares are 3,309,000 VND for Bamboo Airways, 3,057,000 VND for Vietjet Air, and 3,733,000 VND for Vietnam Airlines.

About 10 days ago, most flights to Ho Chi Minh City from these locations were either sold out or had only business class seats left.

According to forecasts, domestic airfare prices are expected to continue to decrease from the first week of April until before the April 30 – May 1 holiday.

During the first weekends of April, round-trip fares from Hanoi to popular tourist destinations such as Nha Trang, Da Lat, and Phu Quoc are also relatively low. For instance, the lowest round-trip fares are 3.4 million VND for Hanoi – Phu Quoc, 3.5 million VND for Hanoi – Nha Trang, and 3.6 million VND for Hanoi – Da Lat.

In response to VTC News, a representative from an airline mentioned that the decrease in domestic airfare prices is due to the end of the peak Tet period, resulting in a decrease in passenger travel demand. However, these comfortable prices are expected to last only until the end of April. Prices are likely to increase again from the April 30 holiday until the end of August due to high demand during the holiday and summer seasons.

Previously, the Civil Aviation Authority requested airlines to proactively collaborate with travel agencies to develop programs and plans for operations to key tourism destinations, serving tourists during the April 30 – May 1 holiday and the peak summer of 2024.

Airlines are required to report operational demands, increase flights, and make proposals regarding adjustments to departure and takeoff times, as well as the service time at airports during this period.

At the same time, based on resources, market demand, and optimization of flight schedules, there is an urgent need to build plans to increase flights from the North to the South, including enhancing operations during evening and night hours to timely meet the travel demands of passengers.

@Cafef

Guide 101: How To Remove Gel Nail Polish Safely and Effectively  

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Gel polish has now made its way into the beauty routines of many, making it possible for you to have nails that last longer and look more vibrant than regular nail polish.  

Nevertheless, the topic of how to remove gel polish is sometimes troublesome due to doubts about what technique is the safest and the most applicable one.  

Fear not! In this guide, we will dig deep into the step-by-step instructions on safely removing your gel nail polish at home.  

Either you already are an expert with gel manicures, or you want to try it for the first time, the removal technique should be understood properly to protect the health and strength of your nails. Let’s learn how to bid farewell to gel polish without compromising nail integrity.  

Understanding Gel Nail Polish  

Let’s first go through the basics of gel nail polish before we proceed to the remover procedure. Different from a conventional polish, the gel one needs UV or LED light to cure, and it, consequently, results in a tough and resistant shield that lasts for quite some time.  

This sort of curing process makes a hard coating that partially differs from air-drying techniques for regular enamel.  

Gel polish has longevity and also does not chip or fade, so it has become a favorite choice of many nail art lovers who desire a flawless, long-lasting manicure.  

It is imperative to familiarize oneself with these disparities to formulate a successful gel polish removal strategy that is satisfying and nail-friendly.  

Tools You Will Need For Nail Polish Removal

Before you begin, gather the necessary tools:  

  • Acetone-based nail polish remover  
  • Cotton balls or pads  
  • Aluminum foil  
  • Cuticle pusher or orangewood stick  
  • Nail buffer  
  • Moisturizing hand cream or oil  

Step-by-Step Nail Polish Removal Process  

Follow these steps to safely and effectively remove gel nail polish:  

Step 1: Prepare Your Workspace Nail Polish Removal

Choose a well-ventilated area with a smooth surface for your gel polish removal. Use a towel or paper towel to cover the working zone so that the liquids do not spread further.  

The procedure beforehand lays the foundation for being tidy and neat, thus lessening the possibility of any mishap and making the removal process smoother.  

Step 2: File the Topcoat  

Firstly, if you have gel polish on, use the buffer gently to sand over the beautiful gloss coat. It is essential to apply the file to the artificial nail surface only and not to the natural nail to remove the shine and not to reduce height.  

This process prepares the surface so that removal of the gel polish becomes easier, thereby preserving the integrity of the nail bed underneath.  

Step 3: Soak Cotton Balls/Pads in Acetone  

Soak the cotton ball or pad entirely in acetone-based nail polish remover. The cotton must be wet and, thus, enabled to cover the whole nail.  

Take care to avoid dripping too much when using the product, which may result in a mess when removing it.  

Proper saturation ensures the fastened breakdown of the gel polish, thus making the removal process not complicated while the surrounding skin is prevented from acetone exposure. 

Step 4: Wrap Your Nails  

Place the cotton ball or the pad soaked through to the cotton saturation on every manicured nail, and therefore, make sure the nails are fully immersed in the cotton.  

Wrap each finger tightly with an equally small piece of aluminum foil to ensure that the cotton remains in place and does not fall off.  

Repeat the same steps for all ten nails, using acetone-soaked wraps to allow acetone to penetrate into the polish and minimize the risk of damage.  

Step 5: Wait  

Let the acetone fully work by settling it for 10-15 minutes to soften the gel polish. As you apply the acetone, it is expected to feel a gentle warming sensation on the nail polish due to the acetone’s action.  

During the patient process, an appropriate waiting time is required for the most effective gel polish removal instead of harsh scrubbing or pressure.  

Step 6: Remove Foil and Cotton  

After the specified time has been met, very cautiously peel off the aluminum foil wrappings one by one to prevent the acetone from spilling out.  

With a gentle motion, start to push away the soft cotton ball or pad slightly, applying as little pressure as possible. This step is the gateway to the next stage of gel polish removal, prepping nails for a flawless end product.     

Step 7: Gently Push and Remove Gel Nail Polish  

What you need is a cuticle pusher knife or an orange wood stick to gently push the softened gel polish from your nails surfaces. Start off at the base of the nail which is the cuticle and advance towards the tip of it.  

Restrain yourself from imposing more pressure than needed, so as to prevent damage irreversible to the natural nail. This precise technique allows for meticulous polish removal guarding effectively the nail integrity.  

Step 8: Buff Your Nails  

Once the gel polish is gone, a buffer with smooth surface is required to make your nails look like the original way with enhanced shine.  

You can make a smooth and polished surface by softly touching the nail with your fingers. It is in this step you not only add to the visual allure but also prepare your nails for any further treatments like manicure/nails polishing etc.  

Step 9: Moisturize  

After the structure of a gel polish has been removed, clean the hands using soap and water to relieve the acetone.  

Next, generously apply a nourishing hand cream or oil to restore any moisture that was lost in the exfoliating process. It will benefit your nails and cuticles as well.  

This step rehydrates and imparts natural shine and smoothness to the nails, thereby bringing overall beauty and shine to the nails.  

Tips for Success  

Be Patient: Rushing the removal process can lead to damage to your nails. Take your time and be gentle.  

  • Use Pure Acetone: While acetone-based nail polish removers are effective, pure acetone will work faster and more efficiently.  
  • Protect Your Skin: Acetone can be drying to the skin, so be sure to moisturize your hands and cuticles after removal.  
  • Avoid Peeling: Resist the temptation to peel off gel polish, as this can damage the nail plate and lead to weakening and breakage.  
  • Give Your Nails a Break: Constantly applying and removing gel polish can weaken the nails over time. Consider giving your nails a break between manicures to allow them to strengthen.  

Conclusion  

Using this thorough guide’s instructions will make taking off gel nail polish at home simple and enjoyable.  

You can remove gel polish effectively and preserve the health of your nails by following the detailed step-by-step instructions and using caution. 

Always keep in mind that the keys to getting the best outcomes are patience and high-quality goods. Ensuring the strength and flawlessness of your manicures is dependent on using appropriate removal procedures to prioritize nail health.  

With this knowledge, you may confidently and easily start your road to flawless nails and conquer your anxiety about the gel polish removal procedure. 

 

 

Ether Put Demand Signals Weakness After $4K Price Breakout

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By locking in the right to sell ETH at a specified price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.

Ether (ETH) options traders are bracing for near-term price weakness a day after the cryptocurrency convincingly rose past $4,000 to the highest since late 2021.

Ether’s one-month call-put skew, an options market measure of sentiment, has turned negative, hinting at the relative richness of puts, or options used to protect against bearish price trends. The 60-day guage has also flipped in favor of put options, while the 90-day and 180-day metrics remain positive.

A put option gives the purchaser the right, but not the obligation, to sell the underlying asset at a predetermined price at a later date. A put buyer is implicitly bearish on the market, often looking to protect spot market holdings from potential price slides. A call option offers protection against bullish moves.

Investor interest in near-term ether puts likely stems from the dwindling probability of the U.S. Securities and Exchange Commission (SEC) approving a spot ether exchange-traded fund (ETF) by May, QCP Capital explained in its latest market insights post.

The 75% year-to-date gain in ether, the token of the Ethereum blockchain, has been catalyzed mainly by hopes the SEC will greenlight a spot ETF, opening the doors for traditional financial institutions to take exposure to the second-largest cryptocurrency without owning it directly. The SEC approved nearly a dozen spot bitcoin ETFs in January. Since then, billions of dollars have been poured into these ETFs, sending bitcoin to record highs above $70,000.

On Monday, ETF analysts at Bloomberg reduced their estimates for a spot ether ETF approval in May to 30% from 70%. The probability has dropped from over 70% in January to 31% on decentralized betting platform Polymarket. Earlier this year, investment banking giant JPMorgan said that the probability of the SEC approving an ETH ETF by May is no more than 50%.

Last week, the regulator delayed its decision on BlackRock and Fidelity’s applications for spot ETH ETFs. Still, some observers are hopeful that BlackRock’s ETF will win approval on May 23, when the final decision on VanEck’s ETH ETF application is due.

DOGE, SHIB Rally Eases as Bitcoin Bullishness Remains ‘Elevated’

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Bitcoin ETF inflows could lead to a “sell-side” crisis in the coming months, one market observer said.

Dogecoin (DOGE) and Shiba Inu (SHIB) gave back gains after a 25% rally last week, falling as much as 6%, as bitcoin (BTC) hovered above the $71,500 mark on Tuesday.

Data shows that other major tokens ether (ETH), Solana’s SOL, BNB Chain’s BNB, and Cardano’s ADA were little changed in the past 24 hours. XRP led the pack among crypto majors with a 10% in the past 24 hours. The gains came amid a technical development announcement that would help developers provide better applications and services to users.

The CoinDesk 20 index (CD20), a liquid index of the twenty biggest tokens minus stablecoins, rose 0.73%.

Spot bitcoin ETFs crossed the $10 billion inflow mark for the first time since going live in January, BitMEX Research noted in a Tuesday post. Some market observers say this could lead to a “sell-side” crisis in the medium term should such flows continue.

“Bears can’t win this game until spot bitcoin ETF inflow stops,” said CryptoQuant founder Ki Young Ju in an X post. “Last week, spot ETFs saw netflows of +30K BTC. Known entities like exchanges and miners hold around 3M BTC, including 1.5M BTC by U.S. entities.”

“At this rate, we’ll see a sell-side liquidity crisis within 6 months,” Ki added.

Meanwhile, Singapore-based trading firm QCP Capital said in a Telegram broadcast on Tuesday that the bitcoin options market flashed a bullish sign for traders but expressed caution ahead.

“The volatility market continues to express bullishness in BTC as volatility remains very elevated for the calls, particularly in the backend of the curve,” QCP said. “We are wary of another washout with funding rates reaching elevated levels again, although we still expect dips to be bought up very quickly,” the firm added.

Volatility is a dynamic figure that changes based on activity in the options marketplace. Funding rates are paid by leveraged traders to those on the opposite side of that trade, and the bias toward long or shorts can indicate a bullish or bearish view of the market.

Prudential ra mắt quỹ liên kết đơn vị “PRUlink Tương Lai Xanh” theo định hướng phát triển bền vững và đầu tư có trách nhiệm

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Công ty TNHH Bảo hiểm nhân thọ Prudential Việt Nam (“Prudential”) chính thức thông báo quỹ liên kết đơn vị PRUlink mới theo định hướng phát triển bền vững và đầu tư có trách nhiệm, mang tên “PRUlink Tương Lai Xanh” vừa được ra mắt ngày 08/03/2024.

Đây là quỹ liên kết đơn vị đầu tiên trên thị trường bảo hiểm nhân thọ, mang đến cho khách hàng sở hữu sản phẩm bảo hiểm liên kết đơn vị quyền lựa chọn đầu tư theo định hướng phát triển bền vững.  

Quỹ liên kết đơn vị theo định hướng phát triển bền vững đầu tiên của ngành bảo hiểm nhân thọ Việt Nam 

“PRUlink Tương Lai Xanh” là quỹ thứ 7 trong danh mục quỹ PRUlink của dòng sản phẩm bảo hiểm liên kết đơn vị, được quản lý bởi Công ty Quản lý quỹ Eastspring Investments Việt Nam. Trước khi quỹ “PRUlink Tương Lai Xanh” ra đời, các sản phẩm bảo hiểm nhân thọ liên kết đơn vị của Prudential đã có 6 quỹ đầu tư cho khách hàng chủ động lựa chọn tùy theo khẩu vị rủi ro, gồm PRUlink Cổ Phiếu Việt Nam, PRUlink Tăng Trưởng, PRUlink Cân Bằng, PRUlink Bền Vững, PRUlink Trái Phiếu Việt Nam và PRUlink Bảo Toàn.  

Như vậy, sau 16 năm kể từ khi ra mắt dòng sản phẩm bảo hiểm liên kết đơn vị, Prudential bổ sung thêm một Quỹ mới nhất vào danh mục các quỹ PRULink – “PRUlink Tương Lai Xanh”. Khi tham gia các sản phẩm bảo hiểm liên kết đơn vị, bên cạnh được bảo vệ tài chính và có cơ hội đầu tư tài sản trong dài hạn, khách hàng lựa chọn quỹ PRULink Tương Lai Xanh còn góp phần đóng góp tích cực vào các mục tiêu Phát triển bền vững (SDGs – Sustainable Development Goals) theo định nghĩa của Liên hợp quốc. 

Điểm khác biệt của “PRUlink Tương Lai Xanh” đến từ các tiêu chí lựa chọn tài sản và danh mục đầu tư. Quỹ này sẽ tập trung vào đầu tư có trách nhiệm, trong đó lĩnh vực kinh doanh của các công ty được lựa chọn đầu tư được đối chiếu và phân loại dựa vào các tiêu chuẩn uy tín trên thế giới.

Ba lĩnh vực đầu tư chủ yếu mà PRUlink Tương Lai Xanh hướng đến tập trung vào các mục tiêu thiết thực nhất với tình hình kinh tế – xã hội tại Việt Nam, bao gồm Khí hậu – Sức khỏe – Tiến bộ.  

Khách hàng đang tham gia Sản phẩm bảo hiểm liên kết đơn vị PRU-ĐẦU TƯ LINH HOẠT, PHÚ – BẢO GIA THỊNH VƯỢNG, PHÚ – BẢO GIA ĐẦU TƯ có thể lựa chọn đầu tư thêm, hoán đổi quỹ, thay đổi tỷ lệ đầu tư giữa các Quỹ ngay khi Quỹ “PRUlink Tương Lai Xanh” được ra mắt thông qua ứng dụng PruOnline, tư vấn viên, trung tâm dịch vụ khách hàng, hoặc các văn phòng Tổng đại lý của Prudential. 

Ông Phương Tiến Minh, Tổng Giám đốc Prudential Việt Nam chia sẻ: “Tăng trưởng bền vững ngày càng có ý nghĩa quan trọng đối với các nước đang phát triển, điển hình như Việt Nam. Là một doanh nghiệp kiểu mẫu, Prudential hiểu rất rõ vai trò và nghĩa vụ của mình đối với khách hàng, cộng đồng và nền kinh tế trong vai trò là công ty bảo hiểm và nhà quản lý tài sản đầu tư lâu dài tại Việt Nam. Do đó, đa dạng hóa danh mục đầu tư, tập trung theo hướng đầu tư có trách nhiệm và phát triển bền vững ngày càng trở thành xu thế tất yếu. Định hướng này cũng hoàn toàn phù hợp với thị trường, thể hiện rõ trách nhiệm đi đôi với hành động của Prudential, góp phần hiện thực hóa cam kết của Chính phủ trong việc xây dựng Việt Nam trở thành một nền kinh tế xanh và đạt mục tiêu Net Zero vào năm 2050”. 

“Quỹ PRUlink Tương Lai Xanh được ra mắt lần này rất phù hợp với xu hướng tiêu dùng mới của khách hàng hiện nay, những khách hàng đề cao sự phát triển bền vững. Quỹ mới ra mắt sẽ mang đến cho khách hàng thêm lựa chọn đầu tư, đóng góp tích cực và chủ động vào các mục tiêu phát triển bền vững chung của đất nước”, ông Minh khẳng định.

Đầu tư bền vững là xu hướng lựa chọn của khách hàng 

Phát triển bền vững là xu hướng tất yếu trên toàn thế giới. Theo nghiên cứu của Kantar, 63% người tiêu dùng tin rằng thực hiện phát triển bền vững là trách nhiệm của doanh nghiệp. Về phía họ, hơn 50% ngừng sử dụng sản phẩm, dịch vụ tác động tiêu cực đến môi trường xã hội và sẵn sàng đầu tư thời gian, tiền bạc để hỗ trợ doanh nghiệp thực hiện mục tiêu bền vững. 

Phát triển bền vững là yếu tố cốt lõi của Prudential. Điều này được gắn liền với tôn chỉ mục đích của tập đoàn “Cho Mỗi Cuộc Sống, Cho Mỗi Tương Lai”.  Chiến lược này đã được Prudential thực hiện nghiêm túc trong suốt 25 năm thành lập và phát triển tại Việt Nam. Năm 2022, Prudential trở thành đối tác chính thức trong Thỏa thuận Đối tác Chuyển dịch Năng lượng Công bằng (JETP) mà Chính phủ Việt Nam đã tham gia với các nước trong và ngoài khối G7. Đồng thời, Prudential cũng là thành viên của Liên minh chủ sở hữu tài sản ròng bằng không (Net Zero Asset Owner Alliance), cam kết hỗ trợ Chính phủ Việt Nam hướng tới mục tiêu giảm phát thải ròng bằng 0 năm 2050.

Ông Ngô Thế Triệu, Tổng Giám đốc Công ty Quản lý Quỹ Eastspring Investments Việt Nam (Eastspring Việt Nam) cho biết: “Chúng tôi lựa chọn đầu tư trên cơ sở đảm bảo nguyên tắc bền vững theo đúng chiến lược dài hạn của Tập đoàn. Là một đơn vị quản lý quỹ và đầu tư có trách nhiệm, chúng tôi hiểu và tin tưởng rằng thông qua đầu tư bền vững, Prudential và Eastspring trực tiếp góp phần mang lại những giá trị tích cực cho các thế hệ hôm nay và mai sau.”

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