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Sunac China (01918.HK) fell more than 6% in the afternoon, with its share price hitting a new all-time low.Energy: 1. Kuwait lowered its August crude oil price forecast for Asia. 2. South Africa plans to increase its strategic oil reserves to address supply risks. 3. Iraqi Prime Minister visits Washington on Monday, expected to sign an oil and gas agreement. 4. Tensions in the Middle East escalate again; European jet fuel inventories can only last less than a month. 5. EU imports from Russias flagship LNG project hit a record high in the first half of this year. 6. Eni CEO: If the Middle East conflict continues, the oil market may break out of its current range in early 2027. 7. Goldman Sachs: Recent attacks highlight the uncertainty of the Gulf regions export prospects, and a serious escalation could exacerbate the risk of short-term price increases. Future expansion of pipeline capacity around the Strait of Hormuz would pose a downside risk to the long-term price assumption of $76 per barrel. Iran Situation: 1. Iran launches large-scale attacks on US military targets in the region. 2. Iranian Revolutionary Guard announces closure of the Strait of Hormuz. 3. US Central Command: Completes another round of strikes against Iran, using unmanned surface vessels for the first time. 4. Data shows that after the resumption of hostilities between the US and Iran, ships secretly passed through the Strait of Hormuz with their transponders off. 5. EU High Representative for Foreign Affairs and Security Policy, Karas: No tolls or fees should be charged for passage through the Strait of Hormuz. 6. Iranian Revolutionary Guard: Strike at US military facilities in Bahrain and destroy radar systems in Oman. Other: 1. The US plans to significantly increase its imports of Mexican sugar to 1.15 million tons.July 13 - On July 10, Zhang Baofeng, Deputy Director of the General Administration of Customs, met with a delegation led by Sivit, Director General of the Namibian Revenue Service, at the Administration. The two sides exchanged views on implementing the important consensus reached by the two heads of state and deepening cooperation between China and Namibia in areas such as smart customs, AEO mutual recognition, customs cooperation, and capacity building.July 13 – Taiwan Semiconductor Manufacturing Company (TSM.N) reported a 36% increase in quarterly sales, meeting market expectations and indicating continued strong global demand for artificial intelligence hardware. Calculations show that TSMCs revenue reached NT$1.27 trillion (US$39.6 billion) in the three months ending in June, in line with analysts average expectations. This figure was driven by strong performance in June, with sales increasing by 68% year-on-year. In June, CEO C.C. Wei warned that even with more manufacturing capacity added in the US in the coming years, the company will still be unable to meet demand dominated by US customers for many years. This view is echoed by major chipmakers. SK Hynix currently expects the continued shortage of memory chips to extend beyond 2030. TSMC will release its full financial report on Thursday, along with an updated full-year outlook and capital expenditure plans.The Russian Federal Security Service (FSB) thwarted a series of large-scale drone attacks by the Ukrainian armed forces against military infrastructure, defense industry enterprises, and military personnel.

Coinbase NFT Beta Goes Live With No Transaction Fees

Cameron Murphy

Apr 21, 2022 09:41


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NFT is now available to Coinbase users

Coinbase NFT, which is based on the Ethereum network, already has a number of NFT collections available, including Cool Cats and Doodles, both of which have a floor price of 19.99 ETH (61.2k) and 10 ETH (30.6k), respectively.


Because this is a beta, Coinbase has announced that they will not be charging transaction fees for a short time, but when they do, they will be in line with industry norms. 


"We're beginning with a select group of beta testers who'll be invited depending on their place on our waitlist," the release said. We'll begin at the top of the queue and gradually provide access to additional folks. Beta testers will be able to establish a Coinbase NFT profile and use any self-custody wallet to purchase and sell NFTs, whether it's Coinbase Wallet or something else."


Coinbase will also work to establish a strong NFT community on the platform itself, enabling users to remark on collections and starting a dialogue where artists and collectors can connect.


Drops, minting, token-gated communities, and the ability to purchase NFTs using a Coinbase account or a credit card will all be added to Coinbase NFT in the future. In the future, the marketplace will include support for additional blockchains, decentralizing the whole platform.

Not on the Charts, but on the Cards is Coinbase.

While the news is a significant step forward for the cryptocurrency exchange, the price of its token has not reflected this. Intraday pricing saw Coinbase trading at $147 at the time of writing, down 4.47 percent from its starting price of $154.


While there is still time until the market closes and if the story gains traction, prices may recover and even record gains, for the time being, Coinbase NFT has failed to impress stock market investors.