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On March 29th, Fox News released a poll showing that nearly two-thirds of American voters surveyed are dissatisfied with President Trumps administration, the highest disapproval rate during his two terms. The conservative media outlets poll of 1,001 registered voters showed a 59% disapproval rate for Trump, an 8-point increase from a year ago, marking not only the highest disapproval rate since the start of his second term but also surpassing the record set during his first term; the approval rating, however, fell from 49% a year ago to 41%. The poll randomly sampled respondents from the U.S. voter registration list. Among Republican supporters, Trumps approval rating was 84%, down 8 percentage points from the same period last year, the lowest since the start of his second term. His disapproval rates among Democratic voters and independent voters reached 95% and 75%, respectively.Ukrainian President Zelensky: I have arrived in Jordan for an “important meeting”.On March 29th, amidst the global energy crisis and soaring fuel prices, Egyptian Prime Minister Madbouly announced on the 28th a series of energy-saving measures to cope with the impact. Egypt will slow down the implementation of large-scale national projects involving high gasoline and diesel consumption for at least two months, while reducing fuel rations for all government vehicles by 30%. Madbouly also stated that, except for the service and manufacturing sectors, Egypts public and private sectors will implement remote work every Sunday in April, the first working day of each week. Given Egypts heavy reliance on energy imports, the government had previously raised fuel prices and public transportation fares to cope with global energy market volatility.March 29th - According to disclosures by the Hong Kong Stock Exchange, Manycore Tech Inc., a space intelligence unicorn company, updated its post-hearing information set, signifying that the company has successfully passed the Hong Kong Stock Exchanges listing hearing. JPMorgan Chase and CCB International are the joint sponsors for this IPO. If the listing is successfully completed, Manycore Tech will become the "worlds first listed space intelligence company," and also the first of the "Six Little Dragons of Hangzhou" to complete an IPO.March 29th - Starting today (March 29th), many European countries have begun observing daylight saving time, meaning that trading hours in European financial markets will be one hour earlier than during winter time. Specifically, starting next Monday, European stock trading hours will be 15:00-23:30 Beijing time. The release times of economic data from various European countries will also be one hour earlier than during winter time. Please take note.

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.