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According to Singapores Lianhe Zaobao on September 21st, the White House announced on September 20th that a new rule for H-1B visas, effective September 21st, will impose a $100,000 fee on each application, but will not apply to re-entry by existing visa holders. The report, citing Reuters, reported that White House spokeswoman Carolyn Levitt posted on social media platform X on the 20th: "This is not an annual fee, but a one-time fee that applies only to applications." Levitt also stated that H-1B visa holders currently abroad will not be charged the $100,000 fee upon re-entry. The White House claims the fee is intended to level the playing field for American workers, who are being displaced by low-wage foreign labor. The White House stated that the $100,000 fee could be waived in individual H-1B visa applications if it is in the national interest.On September 21st, US President Trump again called on European countries to "stop buying" Russian oil, claiming this would further pressure Putin to end the Russia-Ukraine conflict. In a dinner speech at Mount Vernon, Virginia, Trump stated, "European countries are still buying oil from Russia—that shouldnt be happening, right?" This marked his latest day of accusing European allies of energy procurement. Following a meeting with British Prime Minister Starmer on Thursday, Trump expressed his willingness to increase economic pressure on Moscow, but only if those he supports do not also buy Russian oil. Trump, on the spot, pressured US Ambassador to NATO Whitaker, "They have to stop buying Russian oil. Ambassador Whitaker wont allow this to continue for much longer." Faced with the stalemate in the Russia-Ukraine conflict, Trump reiterated his disappointment with Putin, emphasizing that "with just a little more tightening of oil price controls, the war will be over."On September 21st, Zhuhai was forecast to experience continued rainfall, with occasional heavy rain accompanied by brief periods of strong winds and thunderstorms, due to the northward movement of thunderstorm clouds from the sea. The Zhuhai Meteorological Observatory issued a city-wide yellow warning for heavy rain at 8:10 a.m. on September 21st. A yellow warning for thunderstorms and strong winds remains in effect. The Zhuhai Flood Control and Flood Prevention Headquarters has immediately activated a Level IV emergency response for flood control (rainstorm prevention). Please take precautions. Furthermore, considering the potential severe impact of Typhoon No. 18, "Halal," on Zhuhai, the Zhuhai Flood Control and Flood Prevention Headquarters has decided to activate a Level IV emergency response for wind prevention starting at 10:30 p.m. on September 20th. The Zhuhai Meteorological Observatory predicts that from the 21st to the 23rd, Zhuhai will be primarily affected by the typhoons outer periphery, resulting in sunny and hot weather with highs reaching 35°C. However, strong winds and heavy rain will occur from the night of the 23rd to the 25th.September 21st news: On the morning of September 21st, the Hong Kong Observatory issued a yellow rainstorm warning.US President Trump: Action will be taken soon on Chicagos crime problem.

BTC Fear & Greed Index Nears the Greed Zone on BTC Return to $22,000

Florala Chen

Feb 16, 2023 15:25

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Bitcoin (BTC) increased by 1.95% on Tuesday. BTC finished the day at $22,198, reversing a loss of 0.11% from the previous day. For the second time in seven sessions, BTC displayed green.


Before acting, BTC dropped to a low of $21,555 in the early afternoon. After avoiding the First Major Support Level (S1) around $21,450, BTC surged to a high of $22,339 in the middle of the afternoon.


 Before finishing the day at $21,198, BTC momentarily passed through the Second Major Resistance Level (R2) at $22,228 and the First Major Resistance Level (R1) at $22,001.

Silvergate Bank News and Ante-Gensler Chatter Delivered BTC Support

US economic figures on Tuesday caused BTC to reach a session low. Compared to an anticipated 6.2%, the US annual inflation rate decreased from 6.5% to 6.4% in January. Investors anticipated a more pronounced decline of inflation, despite inflation softening, to lessen the prospect of interest rates exceeding 5%.


However, afternoon support and a BTC rebound to $22,000 were given by the cryptocurrency news channels.


The bullish session was influenced by the news out of Washington, D.C. A hearing titled Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets was conducted on Tuesday by the Senate Banking Committee. Gary Gensler and the SEC's shortcomings were brought to light by concerns about their regulation through enforcement and lack of SEC advice to crypto companies.


Legislators noted Gensler's appearances on morning talk programs and called for him to testify as soon as possible.


Participants in the cryptocurrency sector are expecting that Congress would grant the CTFC more monitoring authority after Gensler and the SEC's approach to regulating the digital asset area came under scrutiny.


Following a spike in SEC action that resulted in a settlement with the SEC and the termination of US cryptocurrency staking services from Kraken and Paxos, respectively, the Senate Committee Hearing was held (BUSD).


The endorsement of Silvergate Bank by Citadel Securities Group was also positive for the cryptocurrency market. The hedge fund has a 5.5% investment in the cryptocurrency-linked bank, according to a filing with the SEC on Tuesday. Silvergate Capital Corp (SI) grew by 18.01% as a result on Tuesday. The stock has fallen 86.6% during the last year, however.


This month, Silvergate Bank has received attention. News that the US Justice Department was looking into Silvergate Bank's interactions with FTX and Alameda Research broke earlier this month.


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