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Chinese Consulate In Myanmar Bombed, Rebels Take Control Of Hub For Rare Earth Minerals

www.zerohedge.com 20-10-2024 04:15 3 Minutes reading
Chinese Consulate In Myanmar Bombed, Rebels Take Control Of Hub For Rare Earth Minerals Tensions between China and guerrilla groups operating inside its much smaller neighbor to the south, Myanmar, are on edge, given some of these groups have seized key border towns. Beijing has generally been supporting of the ruling junta which seized power going back to 2021, when it deposed the Myanmar government of Aung San Suu Kyi. Myanmar has been a nation in turmoil ever since.Beijing actually maintains ties to different players within Myanmar's political chaos, and now the region is could descend into more serious conflict following the Friday bombing of the Chinese Consulate in Myanmar’s second-largest city of Mandalay.The explosion may have been relatively small, but damaged the roof of the two-story building. Security forces say they're investigating and have condemned the "terrorists" behind the attack.Associated Press has noted of the tense context: "The army is engaged in nationwide fighting against pro-democracy guerrillas and ethnic minority militias."The army further was "forced onto the defensive late last year when ethnic armed organizations dealt it major defeats in the country’s northeast, seizing important territory along the border with China."In response, China has reportedly been forced to deploy troops to the restive Myanmar-China border after the Kachin Independence Army, or KIA, has seized control of several border towns and camps.One resident on the Myanmar side in an area taken over by the KIA said, "The Chinese haven't opened the gate from yesterday until early today. Along the border, everyone is sleeping in tents and it’s very crowded."The rebel forces could come into direct clashes with the Chinese border troops...Breaking!!! Myanmar Civil War: Kachin Independence Army has taken Pangwa town near the Chinese border.Refugees are flooding to the border hoping to cross into China. Chinese border police has closed Tengchong's Dian Tan border crossing 腾冲滇滩口岸.Gunshots can be heard as... pic.twitter.com/T3bXVDfwz5— Carl Zha (@CarlZha) October 19, 2024The eyewitness said KIA forces had captured Chanyinku village, which is close to the key border town of Pang War. "Now, they’ve nearly arrived in Pang War. The junta is also shooting with heavy weapons."Border regions which have seen the most intense fighting of late happen to be known for the mining of rare earth minerals.One regional report documents the financial importance of this restive region further:Joint rebel forces have seized a key base for Myanmar’s pro-junta Border Guard Force in Kachin state, and residents say rebels will soon occupy a nearby town that serves as a hub for Chinese rare-earth mining and cross-border trade.Rebel control of these mines could potentially disrupt shipments of these lucrative rare earths, which are used in cell phones, cars and other products, and could cut off an important source of revenue for the junta, which has struggled financially amid global sanctions over its Feb. 1, 2021, coup d’etat.#Myanmar 🇲🇲: heavy fighting is ongoing in the border town of Pang War in #Kachin state as the #KIA is trying to capture this pocket held by a junta border guard force known as the NDA-K.Pang War is a major hub of rare earth mineral mines. pic.twitter.com/FOZQnR0mmv— Thomas van Linge (@ThomasVLinge) October 18, 2024The junta has long had martial law in effect, especially after in 2021 soon after it took power a spate of arson attacks targeted Chinese-owned factories, particularly in the garment production hub of Yangon. Dozens of Chinese-owned businesses had been reported either vandalized or torched amid growing anti-China sentiment among the protesters. Tyler DurdenSun, 10/20/2024 - 12:15

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Trump's Polymarket Surge Powered By $30 Million Be...
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by zerohedge.com

Trump's Polymarket Surge Powered By $30 Million Bet By Just 4 Accounts

Trump's Polymarket Surge Powered By $30 Million Bet By Just 4 Accounts Few recent developments in the 2024 White House race have been as swift and seemingly prophetical as a huge October swing toward Donald Trump in the crypto-based Polymarket online betting marketplace. From even odds at the start of the month, the odds of a Trump victory have surged to 60%, while the odds of Kamala Harris win have fallen to 40%. Now, the Wall Street Journal is reporting the move is largely the work of just four accounts that have together plowed $30 million into bets on the former president. What's more, the timing of the four accounts' moves suggests they could be controlled by a single owner. Polymarket has engaged outside experts to scrutinize transactions in presidential election betting, an unnamed source told the Journal. The four accounts have concentrated on bets that Trump will come out atop the electoral college count, but have also dabbled in side-wagers on individual state contests, as well as taking some flyers on Trump winning the popular vote. That's a long shot indeed, as Polymarket currently gives Trump only a 32% chance of doing that. “There’s strong reason to believe they are the same entity,” Arkham Intelligence CEO Miguel Morel tells the Journal: The accounts betting big on Trump—Fredi9999, Theo4, PrincessCaro and Michie—were all funded by deposits from Kraken, a U.S.-based crypto exchange, according to Arkham. They behave in a similar fashion, systematically placing frequent bets on Trump and stepping up the size of their bets at the same time, Arkham found. The oldest of the accounts was created in June, while the newest was created this month.In its report, the Journal worked to substantiate the notion that the concentrated bets represent some form of intentional narrative-control scheme, saying "[Trump's] surge might be a mirage manufactured by a group of four Polymarket accounts," a view embraced by crypto investor Adam Cochran, a self-described right-of-center Harris-backer. They call it Polypoll or @Polymarket or somethingpic.twitter.com/ojeGMVMmPb— Smokey (@Smokey_titan) October 19, 2024To its credit, however, the Journal also tapped Rutgers University stats professor Harry Crane, who noted that other betting markets also have Trump in the lead, and that big bettors routinely nudge all manner of market odds. "Purchasing a large number of shares on one outcome does not require any ulterior motive or effort to manipulate the market,” he said. Americans are officially barred from Polymarket, and a source "familiar with the matter" has assured Reuters that the four accounts behind the $30 million wave of bets are not owned by an American, a conclusion that rests on the firm's practice of certifying large traders to verify they aren't using VPNs to hide their origins. As the Polymarket surge began in early October, Trump-backer Elon Musk publicized Trump's then-3% lead in the odds, describing betting markets as "more accurate than polls, as actual money is on the line." In add...

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