• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
SenseTime (00020.HK): It is expected to record a profit of approximately RMB500 million to RMB700 million in the first half of the year, compared with a loss of approximately RMB1.48927 billion in the same period last year.On August 16, the Islamic Republic of Iran Broadcasting (IRIB) reported that Iranian Army Commander-in-Chief Amir Hatami announced a $30,000 reward for the capture or killing of U.S. soldiers. The reward will reportedly be given to any Iranian soldier who comes from "the Iranian people."On August 16, Zijin Mining International (02259.HK) announced that in the first half of the year, thanks to the full contribution of newly acquired assets and the continued optimization of mature mines, gold production increased by 44% year-on-year to approximately 27.3 tons; revenue and profit attributable to owners of the parent company increased by 100% and 179% year-on-year, respectively, and net cash flow from operating activities increased significantly by 331% year-on-year.On August 16, the General Staff of the Ukrainian Armed Forces reported that Ukrainian forces attacked the "Kamensky Joint Enterprise" in Rostov Oblast, Russia, a Russian military-industrial complex. The Ukrainian side stated that a fire broke out at the target site, and the extent of the damage and the results of the operation are still being verified. The Ukrainian military stated that this military-industrial enterprise is a major Russian military-industrial enterprise, producing solid rocket fuel for the "Hurricane," "Tornado," and "Tornado-S" multiple rocket launcher munitions, as well as related fuels for various missile systems and air-to-ground weapons. On August 16, local time, the Russian Ministry of Defense released a 24-hour combat report stating that Russian forces had taken control of two settlements: Pershomalievka in the Donetsk region and Kudyevka in the Kharkiv region. The report stated that Russian air defense forces shot down 14 guided bombs, 1 US-made HIMARS rocket, 9 Flamingo long-range cruise missiles, and 1,478 fixed-wing drones. This is the highest number of Ukrainian drones shot down in a single day as reported by the Russian Ministry of Defense to date.On August 16th, according to a report by Axios, citing three sources familiar with the matter, in mid-May, US negotiators encountered a problem when attempting to reach an agreement with Iran to end the war: they were unsure whether the Iranian representatives across the negotiating table truly represented the countrys powerful Islamic Revolutionary Guard Corps (IRGC). The report stated that, therefore, Trump administration officials took an unusual approach—bypassing Iranian negotiators and contacting the IRGC leadership directly. The person chosen by the US to oversee this secret communication channel was Nechirvan Barzani, the president of the Iraqi Kurdistan Region. He possessed an extremely rare advantage: the trust of both the US and the IRGC leadership. This incident highlights that a key reason for the difficulties in US-Iran negotiations lies in Washingtons inability to ascertain who truly holds decision-making power in Iran. The US and Iran did ultimately reach a memorandum of understanding, but it quickly collapsed.

Bitcoin Drops as Wall Street Shares Tumble

Jimmy Khan

May 10, 2022 10:01

微信截图_20220510093204.png


On Monday, bitcoin fell to its lowest level since July 2021, falling in lockstep with sagging US stock markets on fears about the Federal Reserve's aggressive tightening policy.


Bitcoin, the world's most valuable cryptocurrency by market capitalization, fell to $30,331.28 for the fifth straight session. Bitcoin was last trading at $30,724, down 9.8%.


Bitcoin has lost over half its value since reaching an all-time high of $69,000 in November last year, falling 19 percent in May.


The S&P 500 index fell to its lowest level since April 2021 on Monday, owing to falls in mega-cap growth stocks. The Nasdaq was down more than 3%, while Apple shares were down more than 3% and were the Nasdaq and S&P 500's greatest drag.


"Volatility in the market arises from speculation," according to Alex Miller, CEO of Hiro. And since bitcoin is so speculative, its price, as well as that of the rest of the crypto market, is falling in tandem with the broader markets."


Hiro creates developer tools for Stacks, the bitcoin network that powers apps and smart contracts.

Ether, the world's second-largest cryptocurrency and the basis for the Ethereum blockchain, has dropped to its lowest level since late January.


"The most essential thing to do to prepare for bear markets is to keep your portfolio balanced and not overinvest in assets that you can't afford to wait out a crypto winter with," Miller added. "Holding long-term assets like bitcoin, or even increasing your stake if you're set up to do so, is the smartest thing you can do, as we've seen from every downturn ever."


Despite bitcoin's price decline, funds and products related to it received $45 million in inflows last week, according to a report issued on Monday by digital asset management Coinshares.


Investors took advantage of bitcoin's price falls, according to CoinShares investment manager James Butterfill.


According to the CoinShares report, the crypto industry as a whole received $40 million in inflows.


Other causes in bitcoin's decrease, according to Matt Dibb, chief operating officer of crypto platform Stack Funds, occurred during the weekend amid the crypto market's infamously low liquidity.


There were also concerns, according to Dibb, that the algorithmic stablecoin Terra USD (UST) would lose its linkage to the dollar.


Stablecoins are digital currencies that are linked to conventional assets, most often the US dollar.


UST is being keenly followed for its unusual method of maintaining a 1:1 dollar peg, as well as its creators' ambitions to construct a $10 billion bitcoin reserve to support the stablecoin, implying that UST volatility might possibly leak over into bitcoin markets.