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On September 4th, it was learned from the China Development Bank (CDB) that on September 3rd, CDB successfully issued RMB 5 billion of 3-year green financial bonds through the China Foreign Exchange Trading Centers issuance system at the Shanghai Clearing House, with an issuance interest rate of 1.27%. This marks the first time CDB has used online book-building to issue green financial bonds, effectively improving issuance efficiency and transparency. The projects involved in this green financial bond issuance were strictly selected according to the "Green Finance Supported Project Catalogue (2025 Edition)," with a green rating of G1 (the highest level). The funds raised will be primarily used for key areas such as green infrastructure upgrades, energy-saving and carbon-reducing industries, green and low-carbon energy transformation, and ecological protection, restoration, and utilization. This issuance represents a new attempt by CDB to optimize its bond issuance pricing mechanism and narrow the price gap between the primary and secondary markets, as well as a new exploration of empowering green and low-carbon financing through market-oriented methods.On September 4th, BNP Paribas economists stated in a report that the persistent energy price shock, coupled with the resilience of the Eurozone economy, suggests the European Central Bank (ECB) may raise interest rates once in September and once in December. Economists expect the ECB to raise rates next week, while potentially raising its economic growth and inflation forecasts, further supporting the case for tightening monetary policy. Continued high energy prices and a strong economy make a second round of effects more likely, although current signs are still limited. Economists indicated that policymakers will continue to view the risks to the inflation outlook as skewed to the upside.According to The Times, British Prime Minister Burnham will approve the new Jack Road gas field project in the North Sea in late September.On September 4th, the Wuhan Municipal Housing and Urban Renewal Bureau, in conjunction with several other departments, issued a "Notice on Further Optimizing Real Estate Policies and Measures in Wuhan," relaxing the frequency of withdrawals from housing provident funds to repay personal commercial housing loans for first-time homebuyers. The previous restriction in Wuhan that "withdrawals for repaying personal commercial housing loans for first-time homebuyers can be made once every 12 months" has been removed. For those using only personal commercial housing loans, withdrawals can be made after six months of normal repayments, and thereafter, withdrawals can be made once a month, with the cumulative withdrawal amount not exceeding the amount of the personal commercial housing loan.On September 4th, TASS reported that, according to sources, US Presidential Envoy Viktor Witkov and President Trumps son-in-law Jared Kushner plan to visit Russia and Ukraine soon. TASS also reported that Ukrainian lawmaker Oleksandr Goncharenko posted on social media that day that Witkov and Kushner are likely to arrive in Kyiv, the Ukrainian capital, on the 6th. Russian President Vladimir Putin said on the 3rd that the possibility of resolving the Russia-Ukraine conflict still exists, but whether it can ultimately be achieved depends on the two parties involved in the conflict.

Cryptoverse: Big investors edge back to bitcoin

Cory Russell

Feb 01, 2023 15:15

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After a banner month for bitcoin, large investors are putting their toes back into the cryptocurrency seas.


According to statistics from asset management CoinShares, institutional investors, who often prefer digital asset investment products, witnessed inflows of almost $117 million last week, the largest weekly rise since last July.


With funds tracking it accounting for $116 million of that, Bitcoin was by far the greatest attraction. Total assets managed by cryptocurrency funds have increased to $28 billion, up 43% from lows seen in November when the FTX exchange collapsed and rocked the sector.


The majority of individuals have greater confidence now than they had a month ago, according to Enigma Securities financial advisor Joseph Edwards.


The first cryptocurrency, Bitcoin, has increased by about 40% in January and is on pace to have its greatest month since October 2021 and second-best January in the last ten years.


Some investors are hopeful that the protracted crypto winter may finally be nearing spring as a result of the surge and a potentially improving macro picture. The U.S. Federal Reserve is expected to raise its benchmark rates by 0.25% this week, the lowest increase since their tightening cycle started last year, according to many investors.


As the inflation-focused rate-hiking cycle comes to an end, long-term interest rates might decline if peak inflation is actually behind us for the time being, according to analysts at Fidelity Digital Assets.

"This might indicate favorable macro momentum for assets like bitcoin."


According to cryptocurrency liquidity provider B2C2, activity in the options market showed traders were rushing to put bets immediately after the Fed meeting, a measure of the significance the market is placing on it.


According to CoinShares, the average weekly volume of cryptocurrency trading has increased by 11%, signaling a rebound in activity following many months of sluggish trading.


However, cryptocurrency is far from out of the woods, and if the Fed adopts a more alarmist stance this week, it may still ruin the fun.


The bitcoin Fear & Greed index of cryptocurrency analytics platform Coinglass, where 0 represents severe fear and 100 represents extreme greed, is now sitting at 61, the highest level since mid-November 2021, just after bitcoin started to decline from its peak.


Next week or two, Edwards said, "we could see a drop off, but how deep that dip goes is debatable."