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According to TASS, Russian Foreign Minister Lavrov stated that Russia remains open to cooperation with the United States, but it is the United States itself that is creating artificial obstacles.February 9th - According to information obtained from Flat Glass Group, the companys sales department recently issued a price increase notice to its customers. Effective February 9th, 2026, the prices of disperse dyes will be adjusted accordingly. Specifically, nine products, including Disperse Black ECT (300%), will see a price increase of RMB 2,000 per ton, while Navy Blue HW-SR will see a price increase of RMB 3,000 per ton. The estimated price increase for these ten products is approximately 10%. A company representative stated that against the backdrop of rising global raw material prices, the companys main disperse dye products have already adjusted prices in line with industry trends, effectively passing on upstream cost pressures. Currently, product prices are showing a stable upward trend. The company will continue to monitor raw material market price trends, optimize its supply chain management and cost control system, and adjust its business strategies in a timely manner to effectively safeguard the interests of the company and all investors.On February 9th, Meituan announced its intention to acquire Dingdong Maicais China business. Following the announcement, some users on social media expressed concerns about Dingdong Maicais future product and service standards. In response to the acquisition, Dingdong Maicai (DDL.N) stated: "Currently, Dingdong Maicais business and team are operating normally and stably, and we will continue to provide high-quality products and services. Furthermore, this year Dingdong Maicai will operate without interruption during the Spring Festival for the ninth consecutive year, and all business teams will comprehensively ensure a smooth Spring Festival consumption experience for users."February 9th - According to statistics from Haikou Customs, during the first week of the Spring Festival travel rush (February 2nd-February 8th), Haikou Customs supervised a total of RMB 1.106 billion in duty-free shopping on Hainan Island, with 191,900 people making duty-free shopping trips and 895,000 items purchased, representing increases of 6.3%, 26%, and 9.4% respectively compared to the previous week.Hong Kong-listed chip stocks continued their upward trend in the afternoon, with Montage Technology (06809.HK) surging over 52.7% on its first day of trading, GigaDevice (03986.HK) rising over 11.5%, Shanghai Fudan (01385.HK) climbing over 10%, and Tianyu Semiconductor (02658.HK), Innoscience (02577.HK), and SMIC (00981.HK) all rising over 5%.

Crypto derivatives volumes surge to $3.12 trillion in July

Skylar Shaw

Aug 12, 2022 14:53

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According to researcher CryptoCompare, trade in cryptocurrency derivatives on centralized exchanges increased to $3.12 trillion in July, up 13% month over month, as cryptocurrency values begin to rebound from the recent market crisis.


According to CryptoCompare, the derivatives market now accounts for 69% of all crypto transactions, up from 66% in June, and helped drive total crypto volumes on exchanges to $4.51 trillion in July.


On July 29, derivatives exchanges transacted up to $245 billion, which is 9.7% greater than the $223 billion top daily high for June.


Spot cryptocurrency trade, however, dipped to $1.39 trillion in July, the lowest level since December 2020 and a monthly fall of 1.3%, according to CryptoCompare.


In May and June, the price of cryptocurrencies fell precipitously as investors fled riskier investments due to concerns about soaring inflation and Federal Reserve interest rate rises. Several cryptocurrency organizations have slashed staff after a significant pair of tokens collapsed, and other cryptocurrency lenders have frozen client withdrawals.


With bitcoin rising 17% in July, prices have somewhat recovered. It is still a long way from its record high of $69,000 in November, which it reached at roughly $24,300.


Since there is no U.S. Federal Reserve meeting in August, CryptoCompare said, "the jump in futures trading volume signals an increase in speculative activity as traders feel there is opportunity for more upside in current rally."


According to CryptoCompare, traders are also making predictions on the impending Ethereum merge, which is a network update anticipated for September.


Since its $880 low in June, ether has increased to over $1,900.


According to CryptoCompare, BinanceUSD, a stablecoin released by the cryptocurrency exchange Binance, gained popularity in July as spot volumes for transactions between bitcoin and BinanceUSD for the first time surpassed those between bitcoin and dollars.


With a 54% market share, Binance continued to dominate the exchange landscape, while Atom Asset Exchange (AAX), which saw its volume increase by 26.5% in July, moved into second place.


Trading volumes more than half in the second quarter of 2022, according to a data released on Tuesday by American exchange Coinbase.

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