China’s largest Bitcoin producing province has strengthened Cracking down on cryptocurrency mining This is the latest sign of how global authorities are strengthening their stance on the rapidly growing digital asset market.

The country’s Bitcoin mining business, which is the power-consuming process of solving the computational puzzle of creating new virtual currency units, has been shrinking since the government confirmed in May that it banned cryptocurrency transactions and warned of the risks of using them for payment. It plummeted after the announcement, and the current transaction price is approximately US$30,000 lower than the peak of nearly US$65,000 in April.

China’s latest intervention has put further pressure on what was once one of the most active digital currency trading and mining markets in the world. At the same time, many governments are reviewing the environmental impact of the industry and determining the type of financial regulation that should be applied to cryptocurrencies.

Five stories in the news

1. Ackerman’s Spac acquires 10% of Universal Music for US$4 billion A blank check company backed by hedge fund billionaire Bill Ackman will Purchase 10% of the shares The company confirmed on Sunday that it had acquired Taylor Swift’s Universal Music Group for US$4 billion. This transaction is the first of its kind for a bad check company, and the value of music catalogs is also soaring.

2. Lai Xi won the Iranian presidential election by an overwhelming advantage Ebrahim Raisi, a conservative clergyman and minister of justice, Win the Iranian presidential election, To give the regime hardliners a landslide victory fully control All branches in the state for the first time in nearly ten years.Western powers vowed to keep working hard over the weekend Restart the Iran nuclear agreement.

• Financial Times view: The landslide on the surface of Raisi looks like a Victory not worth the lossThere is nothing like the popular support needed to guide Iran through one of the worst crises since the revolution that created the Islamic Republic in 1979.

3. The general dismissed the warning that China was about to invade Taiwan General Mark Milley, the most senior general in the United States, Warning cancelled China is about to invade Taiwan, insisting that the People’s Liberation Army is not capable of annexing Taiwan.

4. Marina Le Pen lost in the French regional vote Marina Le Pen’s far-right party Rassemblement National Did not meet expectations In the first round of regional elections in France on Sunday, Republicans and other center-right politicians are in a good position in the second and final round of voting next weekend.

5. Why Yoshihide Suga insists that the Tokyo Olympics must continue to be held Although there is great pressure to cancel or postpone the 2020 Tokyo Olympics, Japan has already Not close yet According to the government and organizing committee officials, either do it. Instead, they tried to create an inevitable feeling around this event, which reflected a mixture of electoral politics, the unique rule of China, and the actual calculations of Japanese Prime Minister Yoshihide Suga.

Coronavirus Digest

• Korea Towards Vaccinate three-quarters of its 52 million population Fight against Covid-19 in the next three months after the early delay.

• Delta coronavirus variant Swept the UK has become Dominate in Portugal It also appeared in clusters in Germany, France, and Spain, prompting European health officials to warn that further action is needed to slow its spread.

• one Cuban The coronavirus vaccine showed 62% efficacy in later trials, using only two of the three recommended doses.

• Nurses and supermarket employees are considered “key workers.”But about Security guard? George Bass writes that his work provides The same level of fear and grace.

• Afraid of crowds after the epidemic? This is how to deal with them.

registered For us Coronavirus business update communication.

the day before

India ramps up vaccination efforts The central government of India will start Provide Covid-19 vaccination After leaving the responsibility to the states in the past, I would like to thank all adults today. (The Times of India)

Ethiopia’s first “free” poll Monday’s vote will be that of the prime minister and Nobel Peace Prize winner Abi Ahmed. The first election test Since coming to power under the support of the 2018 protests, reforms have been promised, although some opposition politicians have stated that the process has serious flaws.

Activision CEO pay faces a showdown Activision Blizzard faces Controversial vote After the showdown was postponed, Monday announced the CEO’s $155 million compensation package, which critics said was to avoid embarrassing accusations.

What are we still reading

Behind the scenes of China Satellite TV This CGTN’s international expansion Since the 2008 Beijing Olympics, China has been promoting the development of soft power. For China, this channel is part of the geopolitical struggle in the hearts of the world.

Elon Musk: Is CO2 a saint or a sinner? The electric car revolutionaries have established a reputation as a clean energy champion. But SpaceX has never been in line with Musk’s green image, and now the technology billionaire is pushing the energy-starved crypto market. FT writers and experts weigh his climate record here new movie.

How the June Festival became a consolation prize For many black Americans, this year’s June Festival celebrations are bittersweet. A day’s rest is not a substitute for legal reforms to end institutional racism. Bank of America correspondent Imani Moise wrote. Those who grew up celebrating June Festival in Texas now see it for the first time National tradition. (FT, New Yorker)

Vladislav Surkov: “Excessive freedom is fatal to a country” Surkov is Father of Putinism, And one of its key driving factors. He is the creator of Russia’s “sovereign democracy”, which is a seemingly open system, but the result is closed: elections, candidate campaigns, voting, ballot boxes open, and the same person wins every time.

We must overcome the fear of genetic engineering in food As climate change becomes the next major threat, the huge carbon footprint of agriculture must be addressed. Genetic Engineering Camila Cavendish writes that this offers the possibility of ending dependence on fossil fuel-based fertilizers and making crops more resilient.

Work and career

Many people are struggling to find the clarity and confidence needed to get themselves out of trouble. Abusive environment at workInstead, they tend to think, “What did I do wrong?” Naomi Shragai, a business consultant and psychotherapist, wrote. Pilita Clark of FT wrote that the list of top bosses is good, but What about the 50 worst?

correct: Hong Kong police arrested senior reporters from Apple Daily, not Apple Daily, as described in Friday’s communication error.