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June 9th - The State Council Information Office will hold a press conference on June 11th, 2026 (Thursday) at 3:00 PM, titled "Striving Individuals on the New Journey," where representatives from the customs system will meet and exchange views with Chinese and foreign journalists on the theme of "Safeguarding the Country and Benefiting the People."June 9th - On June 8th, the Hong Kong Monetary Authority (HKMA) held a media briefing in Beijing. HKMA Chief Executive Eddie Yue stated at the briefing that the HKMA continues to discuss further optimization and expansion of the Cross-Border Wealth Management Connect program with mainland financial regulators, with room for expansion in areas such as quotas, product categories, and participating investor categories. Currently, the specific launch timetable for Cross-Border Wealth Management Connect 3.0 has not yet been determined.On the afternoon of June 9 local time, Xi Jinping, General Secretary of the CPC Central Committee and President of China, concluded his state visit to North Korea and departed Pyongyang. Kim Jong Un, General Secretary of the Workers Party of Korea and Chairman of the State Affairs Commission, and his wife Ri Sol Ju saw him off at the airport, holding a grand farewell ceremony for Xi Jinping and his wife Peng Liyuan.Malaysias Second Finance Minister: RON95 quotas may only be revised if crude oil prices rise significantly.On June 9, 2026, Vice Minister of Finance Liao Min and Brazilian Vice Minister of Finance Alen Castro co-chaired the 12th meeting of the Finance Subcommittee of the China-Brazil High-Level Coordination and Cooperation Committee in Beijing. Liao Min stated that under the strategic guidance of President Xi Jinping and President Lula, China-Brazil relations have achieved a milestone leap from a comprehensive strategic partnership to a community with a shared future. The alignment between Chinas Belt and Road Initiative and Brazils development strategy has deepened and become more practical, with pragmatic cooperation in various fields continuously improving in quality and upgrading. Currently, the world is entering a new period of turbulence and change, and developing countries face particularly severe challenges. China is willing to work with Brazil to strengthen communication and coordination on macroeconomic policies, deepen bilateral pragmatic financial cooperation, and strengthen coordination and cooperation within multilateral mechanisms, injecting more certainty into a turbulent world through its own stable economic development.

Crypto Market Daily Highlights: BTC Delivered Market Support

Skylar Shaw

Mar 06, 2023 17:01

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The bitcoin top ten had a varied practice on Sunday. XRP, BNB, and ETH suffered, while MATIC topped the list of ten. In spite of the positive session, Bitcoin missed $23,000 for the second day in a row.


On Sunday, there were no crypto-related activities to divert buyers. Dip purchasers were forced to come back from the periphery by the dearth of events. The market, however, remained range-bound and only made moderate gains as a result of investor apprehensions regarding Silvergate Bank and attitudes toward increasing legislative and regulatory surveillance.


Investors now face regulation ambiguity and greater governmental inspection, which was made easier by the reduction in Fed Fear. The G20 is attempting to implement regulation changes to fight unethical crypto practices and reduce the dangers cryptos pose to financial security in response to the fall of FTX, which has given the anti-crypto side of the debate a stronger position.


The cryptocurrency marketplaces will have a hectic week this week. With the "first-ever Senate session centered on the pressing need to clamp down on the increasing environmental effects of crypto mining," Bitcoin mining will be a heated subject on Capitol Hill on Tuesday.


We anticipate learning more about FTX, Silvergate Bank, and Binance. A message to CEO CZ from US legislators last week specifically mentioned Binance. According to the letter, the site helped crooks and sanction evaders receive over $10 billion in funds.


Investors will discreetly hope that Ripple makes excellent headway in the current SEC v. Ripple lawsuit despite the increased monitoring. A win for Ripple might relieve pressure on the cryptocurrency market, especially if the Hinman Papers become public knowledge.


Investor attention will continue to be focused on the Day Ahead Binance, FTX, and Silvergate Bank reports, as well as regulation action and US legislator talk.


Prior to Fed Chief Powell's statement on Tuesday and Wednesday, investors should pay attention to what the FOMC members are saying. A bullish shift would hurt the NASDAQ Composite Index and strengthen the hands of the cryptocurrency investors. This morning, the NASDAQ mini was down 20 points.


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