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August 24th - According to sources familiar with the matter, the Canadian government believes the possibility of resuming negotiations with US President Trump before the midterm elections is extremely slim, as trade talks have broken down. The source stated that Canadian Prime Minister Carney indicated he would prepare a domestic aid package to help businesses affected by US tariffs. Sources say these measures are designed to help businesses weather the remainder of Trumps term if necessary. However, while the Carney government sees no immediate signs of restarting negotiations, some sources warn that the situation remains dynamic, and the US has not ruled out renegotiating. The sudden breakdown of negotiations has forced Carney to prepare for a potentially long winter. Carney reportedly told reporters, "We will support affected businesses for as long as possible, in other words, even beyond the end of this US administrations term. We have established various mechanisms, and all details will be released within the next few days."On August 24th, it was reported that the U.S. Postal Service issued new rules for mail-in ballots on August 23rd local time. The rules require states to submit lists of voters who have applied for mail-in ballots and to affix unique barcodes containing names and addresses to both mailed and returned ballot envelopes for verification and tracking. The U.S. Postal Service stated that the collected data will be managed separately from state voter rosters and will aid in the enforcement of federal law. Due to a court injunction, the new rules will not take effect immediately and will only be implemented after the injunction is lifted. This years midterm elections are crucial for the battle for control of the House and Senate. Regarding mail-in ballots, the Supreme Court rejected a Republican appeal in June, allowing some local governments in the U.S. to still count ballots postmarked no later than Election Day but delivered later.The Nikkei 225 index opened down 153.79 points, or 0.23%, at 65,862.57 on Monday, August 24.On August 24th, according to foreign media reports, ExxonMobil stated in a statement that a fire in the laundry room of a floating vessel off the coast of Guyana forced the company to temporarily suspend operations at the facility. The statement said the fire on the Liza Unity floating production storage and offloading (FPSO) unit was quickly extinguished. An ExxonMobil Guyana spokesperson said that crude oil unloading operations were affected due to the temporary shutdown. The Liza oil field is key to Guyanas transformation into a major crude oil producer, and the Liza Unity FPSO is responsible for producing approximately 250,000 barrels of crude oil per day of the more than 900,000 barrels per day in the Stabrok block.According to Al Jazeera: Israeli airstrikes near a hospital in Gaza have injured several people.

Crypto Market Daily Highlights – BNB and SOL Buck the Top Ten Trend

Cory Russell

Oct 31, 2022 15:41

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The crypto top 10 had a choppy Sunday session. The top ten trend was defied by solana (SOL) and binance coin (BNB). BTC saw its first negative session in three sessions despite avoiding the sub-$20,000 level for a fifth straight day.


The Sunday dip was probably caused by profit-taking as there was no cryptocurrency event for investors to consider.


Although the week was positive due to expectations of a December Fed turnaround, market jitters may develop before of Wednesday's FOMC interest rate decision and the crucial press conference by Fed Chair Powell.


The markets continued to factor in a 75-basis point Fed rate increase this morning. Nevertheless, there is still ambiguity about the Fed's December intentions. Labor market conditions, personal spending, and Q3 GDP data imply greater front-loading whereas private sector PMIs, housing data, and consumer confidence data indicate a less hawkish Fed.


The likelihood of rate increases in November and December, according to the FedWatch Tool, are 80.3% and 44.3%, respectively. The probability of a 75-basis point increase in December was 45.6% a week ago.


The NASDAQ 100 and cryptocurrency markets' sensitivity to US economic data and the FED maintains their short-term link. The NASDAQ 100 Mini was down 52.5 points this morning.


Bitcoin Market Declines As investors lock up profits, there is a shortfall of $1 trillion.


The cryptocurrency market increased to a mid-morning high of $996.5 billion after a rocky start to the day. The crypto market, however, dropped to a low of $962.3 billion following a downturn in the late morning and a negative afternoon.


Late support reduced the shortfall to $9.2 billion as the cryptocurrency market cap concluded the day at $972.4 billion. The crypto market increased by $74.1 billion over the course of the week despite the Sunday drop.