Bizarre events in the global "currency circle" continue.

  Recently, the helicopter of Vyacheslav Taran, a billionaire in the Russian currency industry, crashed at the border between France and Italy, and Taran died unfortunately.

Before Talan, two bigwigs in the currency circle died bizarrely. They were Kurland, the co-founder of Amber Group, a global virtual asset service provider, who died in his sleep on November 23, local time, at the age of 30; Mushejian, co-founder of MakerDAO, an American cryptocurrency lending platform, drowned on October 28, local time, at the age of 29.

  At the same time, the cryptocurrency market is not calm.

Following the explosion of FTX, the world's second largest cryptocurrency investment platform, BlockFi, a virtual currency lending platform, also suddenly filed for bankruptcy.

Affected by this news, the price of Bitcoin once fell to 16,000 US dollars, and the latest price (17,100 US dollars) has fallen by 75% compared with the historical high.

On December 1, Mark Mobius, the "Godfather of Emerging Markets", warned that Bitcoin will continue to plummet in 2023 and may fall below $10,000.

  A superstorm is also brewing in global energy markets.

From December 5th, the ban on Russian crude oil by the European Union and the United States will come into effect, and traders have already felt the tension.

Ship brokers said that ongoing price negotiations show that after the sanctions take effect, the cost of tankers from the Baltic Sea to India will reach 15 million US dollars, compared with the previous freight rate of 9 million US dollars, a potential increase of up to 66.7%.

Russian billionaire dies in plane crash

  According to the British "Daily Mail" and other foreign media reports, recently, the helicopter taken by 53-year-old Russian billionaire Vyacheslav Taran (Vyacheslav Taran) crashed at the border between France and Italy after taking off from Switzerland. Taran unfortunately died.

  According to reports, Taran was the only passenger on board, and he and the 35-year-old French pilot on board were killed.

At present, the cause of the accident is still under investigation.

It is understood that the Russian embassy in France has confirmed Taran's death.

  At the same time, the Libertex Group also issued a statement stating that the founder Taran died when his helicopter crashed on his way to Monaco.

  It is worth mentioning that when the plane crashed, the local weather was good, the pilot was experienced, and the authorities did not point out that there was any problem with improper operation of the helicopter.

  What is even more mysterious is that a passenger originally planned to take this helicopter to Monaco, but he canceled the trip at the last moment before takeoff. The specific information of the passenger is currently unknown.

  According to reports, Taran is the latest entrepreneur in the cryptocurrency field to die unexpectedly, and he is also another super-rich Russian who died mysteriously this year.

  According to public information, Talan was born in Russia. He has been living in Monaco for the past few years and enjoys a high reputation in the local financial industry.

He founded the Forex foreign exchange trading platform "Forex Club" in Russia in 1997. After the license was canceled by the Central Bank of Russia in 2018, he continued to conduct business in more than 100 other countries.

The Libertex trading platform is part of the Forex Club Group, which offers a wide range of financial products, including cryptocurrency trading.

  It was reported that Talan had made millions of dollars by engaging Russian citizens in currency speculation and promising them that they would earn the maximum return with the minimum investment, leaving a large number of Russian investors out of pocket.

  Therefore, some analysts believe that this may cause many Russians to be dissatisfied with it.

According to reports, the Central Bank of Russia revoked the Forex Club’s license in 2018 because Taran’s subsidiary lured clients to offshore companies.

  For more than a month, the shadow of death seems to hang over the cryptocurrency market. Before Talan, two bigwigs in the currency circle passed away unexpectedly.

  Recently, Amber Group, a global virtual asset service provider, announced that its co-founder Tiantian Kullander passed away in his sleep on November 23, local time, at the age of 30.

  In addition, according to local police, Nikolai Mushegian, the co-founder of the US cryptocurrency lending platform MakerDAO, was found drowned on October 28, local time, on the beach of Condado, Puerto Rico, USA. He was only 29 years old.

MakerDAO was launched on the Ethereum blockchain in 2017 and issued the first decentralized stablecoin DAI on Ethereum.

  The collapsed currency circle

  At the same time, the cryptocurrency market is not calm.

  Currently, the "currency circle" crisis continues to ferment.

Following the explosion of FTX, the world's second largest cryptocurrency investment platform, BlockFi, a virtual currency lending platform, also suddenly filed for bankruptcy.

Affected by this news, the price of Bitcoin fell sharply, once falling to about US$16,000, and then recovered slightly. The latest price is US$17,113, which is a cumulative drop of 75% compared to the historical high of US$69,000 in November 2021. .

The total global cryptocurrency market value has shrunk from $3 trillion in November last year to about $900 billion.

  As a "coin circle belief", Bitcoin also suffered a crash, which undoubtedly hit the confidence in the cryptocurrency market. The "Godfather of Emerging Markets" even issued a warning that Bitcoin will continue to plummet in 2023.

  On December 1, Mark Mobius, co-founder of Mobius Capital Partners, said in an interview with the media that the price of Bitcoin once fell below the technical support level of $17,000. He predicted that Bitcoin will plummet by 40% in 2023 and will fall below $10,000.

  According to public information, Mark Mobius established Mobius Capital Partners in 2018. Before that, he served as the executive chairman of the Templeton Emerging Markets Group. He was known as the "Godfather of Emerging Markets" and successfully predicted that Bitcoin will fall Break $20,000.

  Mobius said in a media interview that although he expects Bitcoin to fluctuate around $17,000 in the short term, interest rates will continue to rise as the Fed raises interest rates further. He predicts that Bitcoin may fall below $10,000 by 2023. Dollar.

  The reason given is that the Federal Reserve's continued tightening monetary policy and rising interest rates, as interest rates rise, will make buying Bitcoin or other cryptocurrencies less attractive because holding these cryptocurrencies does not generate interest.

  In addition, the Federal Reserve continues to sharply raise interest rates and tighten monetary policy, reducing the number of dollars circulating in the market, making it more difficult for investors to participate in cryptocurrency transactions.

  Mobius has warned that many cryptocurrency companies will go bankrupt as cryptocurrency prices plummet and liquidity dries up.

  Among them, Celsius, a lending platform that provides high-interest rates for cryptocurrency investors, filed for bankruptcy protection in July this year.

In addition, BlockFi recently filed for bankruptcy due to its large exposure to FTX.

 a super storm

  A superstorm is brewing in global energy markets.

  From December 5th, the ban on Russian crude oil by the European Union and the United States will come into effect, and traders have already felt the tension.

  According to shipbrokers, ongoing price negotiations show that after the sanctions take effect, the cost of tankers from the Baltic to India will reach 15 million US dollars, or 20 US dollars per barrel.

The previous freight rate was US$9 million, and the potential increase was as high as 66.7%.

  The surge in shipping costs reflects the daunting challenges Russia's crude suppliers face ahead of a deadline when top tanker owners from Europe including Greece stop shipping and other services for Russian-produced crude.

  Another focus of the current market is the price ceiling set by the G7 and the European Union on Russian oil.

According to the sanctions policy, as long as the trading price of Russian oil is below the upper limit, it will not be affected by the EU sanctions.

According to the latest reports from several media outlets, the European Commission, the executive body of the European Union, has proposed to the 27 member states to limit the price of Russian oil at $60 per barrel.

  If the EU and the G7 member states can reach an agreement, this price limit measure will also come into effect on December 5 when the latest EU sanctions against Rosneft take effect.

  But it is worth mentioning that Russia has a very tough attitude towards this. It has already announced that it will not sell any oil and natural gas to countries participating in the implementation of price caps on Russian oil.

  Prior to this, the EU was frantically importing Russian liquefied natural gas. According to the British "Financial Times", in the first 10 months of 2022, Russia's LNG supply to European countries reached a record 17.8 billion cubic meters, an increase of 42% year-on-year. %; the cost was as high as 12.5 billion euros (about 92.5 billion yuan), five times that of the same period last year, and also a record high.

  As the embargo comes into force, buyers and sellers of some Russian crude oil are turning their attention to the "dark fleet".

  The "dark fleet" refers to tankers owned by unidentified owners who are willing to continue shipping Russian oil despite the threat of sanctions.

The "dark fleet" is mostly made up of older ships, many of which have a record of dealing with countries subject to Western sanctions such as Iran.