Bitcoin dropped below $63,000 as the Coinbase Premium Index recorded its longest negative streak in history at 77 days, indicating persistent selling pressure from US institutional investors despite recent Bitcoin ETF inflows.
Liansu District in Lishui, Zhejiang, hosted the 82nd Zijin Tongxin Economic Roundtable and Liansu District Overseas Trade Economy High-Quality Development Conference. The event focused on integrating local industries with overseas trade, signing multiple projects in logistics, digital trade, and talent cultivation to enhance the region's export-oriented economy.
Zhengzhou Commodity Exchange (ZCE) has officially opened its polyester futures sector to overseas traders, allowing access to 7 varieties including PX, bottle flake, and short fiber futures and options, and PTA options. This move aims to provide a transparent price discovery and hedging platform for the global polyester industry, enhancing supply chain resilience and promoting 'China prices' to 'global prices'.
