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On March 16, the Yemeni Houthi armed forces said on the 16th that the US militarys air strikes on many places in Yemen on the 15th have killed at least 20 people. The Yemeni Houthi armed forces also stated that they will not remain indifferent to the US military attacks. The Houthi armed forces are fully prepared to "escalate against escalation." The Yemeni Houthi armed forces said on the 16th that the US militarys air strikes on many places in Yemen on the 15th have killed at least 20 people. The Yemeni Houthi armed forces also stated that they will not remain indifferent to the US military attacks. The Houthi armed forces are fully prepared to "escalate against escalation."According to the Philippine Institute of Volcanology and Seismology, a magnitude 5.1 earthquake occurred in the sea near Surigao del Norte Province, Philippines at around 9:10 am on March 16, with a focal depth of 10 kilometers. The earthquake is not expected to cause any damage, but there will be aftershocks.On March 16, French President Emmanuel Macron said in an interview published by French media on the evening of the 15th that if Russia and Ukraine achieve a ceasefire, France is willing to talk with Russia on the arrangements for providing security guarantees to Ukraine, including "direct communication" with Russian President Vladimir Putin. Macron said in the interview that the consensus reached on a temporary ceasefire in the US-Ukraine-Saudi talks was "an important progress" and now "the pressure is on Russia." If Russia is considered to have no sincerity in participating in the peace process, US President Trump is expected to increase sanctions and pressure on Russia. Macron said that "many countries", including some non-European countries, have expressed their willingness to participate in the "volunteer alliance" proposed by France and Britain to provide security guarantees for Ukraine after the future ceasefire, and each participating country is expected to send thousands of soldiers. Macron also expressed opposition to the confiscation of Russias frozen assets in the interview, believing that this "violates international rules."March 16 news, March 16, Baidu officially released Wenxin Big Model 4.5 and Wenxin Big Model X1. At present, the two models have been launched on the official website of Wenxin Yiyan and are open to users for free. At the same time, Wenxin Big Model 4.5 has been launched on Baidu Smart Cloud Qianfan Big Model Platform, and enterprise users and developers can log in to call the API; Wenxin Big Model X1 will also be launched on Qianfan soon. Baidu Search, Wenxiaoyan APP and other products will gradually connect to Wenxin Big Model 4.5 and Wenxin Big Model X1.According to the European-Mediterranean Seismological Center, a 4.7-magnitude earthquake occurred off the coast of central Chile at 21:22 local time on March 15, with a focal depth of 27 kilometers. No casualties or property losses have been reported so far.

5 Things to Know in Crypto Today: Weak US Stats Deliver BTC Support

Alice Wang

Aug 24, 2022 15:37

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The major market focus is still on US macro and Fed monetary policy

Prior to a recovery after the US closing bell on Monday, panic selling had driven the overall cryptocurrency market value to a day low of $969.2 billion. Prior to a busy week for the international financial markets, dip buyers were able to enter the market due to a lack of US economic indications and FOMC member talk.


The tone is set today by the PMIs for the US private sector, with the Services PMI dominating the market. Support for cryptocurrencies came from a greater decline in the services sector, with the data pointing to the need for a potential stop in rate increases.


Core durable goods orders, unemployment claims, Q2 GDP, personal expenditure, and inflation data will all be released this week.


The figures, however, will be obscured by doubt. Investors must take into account the factors that provide the Fed additional leeway and those that might shorten the aggressive interest rate path that is envisaged beyond normalization.


The two market factors are still the Fed interest rate course trajectory and the economic outlook. The perfect crypto combo would be a less hawkish approach on interest rates and an upbeat assessment of the US economy. The two are unlikely to occur simultaneously, however, given how hotly US inflation is rising.


Other economies, including those of the US, China, the Eurozone, and the UK, are in trouble.


Early in the US session, Ethereum (ETH) was up 0.53% and bitcoin (BTC) was up 0.21%. However, XRP was the first to decline, dropping by 1.16%.

XRP Falls Short While Investors Wait Crucial judicial decision in the SEC v. Ripple case

Investor apprehension about the SEC v. Ripple case continues to be a barrier for XRP. Court decisions on the materials relating to the Hinman speech have been coming in slowly. Late in July, the SEC submitted its most recent challenge to the court's decision rejecting its request for the Hinman documents to be protected by the attorney-client privilege.


It has been four weeks since the SEC objected. There haven't been any new developments about the materials relating to the Hinman speech other from an SEC reply brief.


Investors may find it concerning that the Court has heard more than six motions to challenge an initial judgement in Ripple's favor. These came before the July decision that prompted the SEC objection.


Winter Crypto thaws In Singapore, early


Rising bitcoin (BTC) trade volumes at DBS Digital, a cryptocurrency exchange, were reported by Bloomberg today.


While other platforms cut jobs and go out of business, DBS seems to have found the right clientele. Increased volumes and BTC purchases indicate the existence of whales in the Republic.


In December 2020, DBS introduced DBS Digital Exchange at the same time that Ripple Labs was being sued by the SEC.

Nike revitalizes the NFT market

According to reports, Nike now has the highest NFT earnings brand. While NFT trading volumes have plummeted, NIKE generated $185.32 million in NFT income on 67,490 trades. With $25.65 million in total NFT income, Dolce & Gabbana came in second, followed by Tiffany ($12.62m), according to Dune Analytics.


Tiffany finished in third, but only had 74 sales that generated $12.62 million in revenue.


The combined NFT income for Web3 and NFT pioneer Gucci was $11.56 million.

Coinbase (COIN) and PayPal (PYPL) Collaborate to Help with Banking Compliance

PayPal (PYPL) has been added to the Travel Rule Universal Solution Technology (TRUST) network, according to a recent announcement by Coinbase.