Dialogue from a Chinese mine owner Question: Would you be willing to spend 355 USDC on the NeoxEX exchange to purchase an XBT coin? Answer: No, because the cost of mining XBT in my Chinese mine is only 10 USDC per coin! Question: Then, after mining an XBT coin, it needs to be locked for 45 days before it can be used. Are you willing to bear the cost of these 45 days? Answer: Of course, I can bear the 45-day lock time. Because the electricity cost for mining in my Chinese mine is only 0.03$ per kilowatt-hour. Moreover, I mined a large amount of XBT coins through the SV1 protocol of the mining pool in the early days, and now I am continuously unlocking them. So I can recharge to the NeoxEX exchange to obtain USDC liquidity to cover the cost! #XBT# #BLAKE2B# #BITCOINKNOTS#

Constructive dialogue in Tehran with my colleague Dr @Araghchi. I am hopeful we will soon announce a temporary corridor for the Strait of Hormuz and practical arrangements to restore safe navigation. Future management of the Strait and a permanent solution will follow in due course, as per article 5 of the Islamabad Memorandum. Discussions with regional partners will be conducted in support of peace and cooperation, stability and freedom of navigation.

【Monthly Dialogue with Julius Bär】In this April episode with Julius Bär, I discuss the implications of the Iran war for global markets and China, whether investors should chase the recent rebound or stay defensive, the outlook for oil, gold, and the US dollar, and why Chinese market has shown relative resilience. The conversation also covers China’s economic momentum, sector preferences, and the role of defensive, value, and high‑dividend stocks -- particularly Chinese banks -- in navigating ongoing geopolitical and macro uncertainty. Recorded on April 9.