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Reuters poll: Bank Indonesia will cut its seven-day reverse repo rate by 25 basis points to 5.50% in the second quarter of 2025 (same as the February survey). 19 of 31 economists believe that Bank Indonesia will keep its seven-day reverse repo rate unchanged at 5.75% on March 19.On March 17, Bank of America Securities released a research report, reaffirming the "buy" rating of Li Auto (02015.HK), and raising the target price from HK$121 to HK$125 due to the new free cash flow forecast. The bank said that Li Auto has good gross profit margin management and strong free cash flow. Taking into account the performance in the fourth quarter of last year, the sales forecast for Li Auto in 2025 and 2026 was lowered by 4% and 3% respectively, and the gross profit margin forecast for this year and next was lowered. In terms of net profit, the bank lowered the Non-GAAP profit forecast for Li Auto in 2025 and 2026 by 7% each.On March 17, the industry reported that Intel recently came to Taiwan to hold the "2025 Superfluid Advanced Cooling Technology Forum" and invited Taiwanese manufacturers to participate, mainly to promote the "superfluid cooling technology" to be launched in 2023. It is pointed out that this technology can currently enhance the heat dissipation capacity of the water cooling plate, which is enough to be used in Nvidias GB300 server with a power consumption of up to 1,400 watts, which may be released at the GTC conference this week.On March 17, UN Secretary-General Guterres issued a statement through his spokesman on the 16th, calling on all parties to "exercise maximum restraint" in Yemen and stop "all military activities". The statement said: "We note with concern that the United States launched multiple attacks on areas controlled by the Houthi armed forces in Yemen overnight, causing casualties. We are also concerned about the continued threat of the Houthi armed forces to resume attacks on ships in the Red Sea." The statement said: "Any further escalation may increase regional tensions and trigger a vicious cycle of retaliation, which will further undermine the stability of Yemen and the region and bring major risks to the countrys already severe humanitarian situation."March 17th, according to the Associated Press, French President Macron proposed some tasks that may be performed by the Ukrainian military support force. Paris and London are working with other countries to form a so-called "coalition of the willing" that may be deployed after a ceasefire with Russia and Ukraine. Macron said that the goal of the French and British blueprint is not to deploy "large numbers" of soldiers in Ukraine, but to envision stationing troop contingents at key locations. According to French media reports, Macron talked about the participating countries (of the willing coalition), each of which deployed thousands of soldiers to "key locations" in Ukraine. Macron was quoted as saying that their tasks may include providing training and supporting Ukraines defense to demonstrate long-term support for Kiev. Macron added that the proposed contingent from NATO alliance member states will become a "security guarantee" for Ukraine, and "several European countries, but also non-European countries, have expressed their willingness to join this plan after confirmation."

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.