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05:06
Due to the impact of the Middle East situation, emerging market currency volatility surpassed that of developed markets this week.
Golden Ten Data reported on March 5 that this week, the volatility of emerging market currencies surpassed that of developed market counterparts for the first time since last May. The JPMorgan Emerging Market Volatility Index rose above the G7 currency volatility indicator on Tuesday, after the former had stayed below the latter for 209 consecutive days—the longest streak since records began in 2000. Mingze Wu, a forex trader at Singapore's StoneX Financial Pte, said: "Emerging market FX volatility has been affected by the escalation in the Middle East and sharp fluctuations in Asian stock markets. Once the situation in the Middle East cools down, volatility should subside." Almost all emerging market currencies fell against the US dollar this week, though this may not change the broader backdrop: strong commodity prices and robust capital inflows continue to support demand for emerging market assets and make carry trades attractive, while the US dollar overall is in a weakening trend. Wee Khoon Chong, a strategist at BNY Mellon, said: "Oil prices are a key driver behind the weakness in emerging market currencies and the recent rise in volatility. If the Middle East situation eases, demand for carry trades in high-yielding emerging market currencies may rebound, thereby driving FX volatility lower."
05:05
Venice founder: The platform currently uses a privacy-focused design, prompts and responses are not stored on the server
Foresight News reported that Erik Voorhees, founder of the Base chain AI project Venice, tweeted, "Currently, the Venice platform adopts a private design; prompts and responses are not stored on Venice servers and are not retained, so they cannot be viewed or extracted. Venice users are not primarily from the crypto sector, and for them, these measures are sufficient (according to user growth data). However, proving privacy protection is crucial, and this is exactly the issue we urgently need to address. Since the company's founding, this has always been a key focus in our planning. Verifiable privacy protection will be realized very soon."
04:59
The annual production capacity of China's largest coalbed methane field exceeds 4 billion cubic meters.
Golden Ten Data reported on March 5th that today (March 5th), the largest coalbed methane field in China, the Daji Gas Field in Shanxi, has achieved an annual production capacity exceeding 4 billion cubic meters, becoming an important replacement resource for the growth of China's natural gas output. Daji Gas Field is the first coalbed methane field in China to be developed on a large scale, with an average burial depth of 2,130 meters and proven geological reserves of 400 billion cubic meters. Currently, the gas field has an annual production capacity of 4 billion cubic meters, accounting for over 80% of the total national coalbed methane output.
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