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1. US Vice President Vance: Concerned about the Houthi occupation of Paramo Island and the situation in the Red Sea; closely monitoring the situation. We are in communication with the Houthis and we value the safety of navigation in the Red Sea. 2. Houthi rebels: Strikeed a rallying point of Saudi enemy forces and their reinforcements in the Jawf Desert north of the Kanes region. The strike resulted in casualties among Saudi enemy forces and destroyed some of their equipment. 3. According to the Securities Times, data released by the Shenzhen Real Estate Intermediary Association shows that 1,395 second-hand homes were sold in Shenzhen last week, a 9.4% increase week-on-week, reaching a new high in nearly four weeks. Among them, 1,272 were second-hand residential properties, a 7.8% increase week-on-week, showing initial signs of a strong September sales season. 4. Agricultural consulting firm AgRural said on Monday that as of last Thursday, Brazils soybean planting rate for the 2026/27 season was 0.4%, up from 0.05% a week earlier. 5. In Brazils south-central region, the corn planting rate for the first quarter of the 2026/27 marketing year reached 22%, up from 17% a week earlier and 17% at the same time last year. 6. According to the Associated Press, two regional officials revealed that a key Saudi oil pipeline attacked last week will be largely shut down for several weeks while repairs are underway. 7. According to Longzhong Information, as of September 14, 2026, the total inventory of soda ash produced by domestic manufacturers this week was 1.9062 million tons, a decrease of 24,900 tons from last Thursday, a drop of 1.29%. 8. US Energy Secretary Wright: The (Saudi) east-west pipeline is expected to be operational soon. More than 12 million barrels of crude oil passed through the Strait of Hormuz last night. The straits average daily oil flow is 10 million barrels. 9. As of September 14, the national port inventory of imported soybeans was 9.3339 million tons, compared to 9.2533 million tons on September 7, an increase of 80,600 tons week-on-week. 9. On September 14, Xin Guobin, member of the Party Leadership Group and Vice Minister of the Ministry of Industry and Information Technology, chaired a symposium in Beijing on the operation of the industrial economy in some provinces. The meeting aimed to understand the current state of the industrial economy in various regions, analyze and assess the industrial economic situation, and plan the economic work for 2027. 10. On the eve of this weeks Federal Reserve meeting, the yield on the benchmark 10-year U.S. Treasury note rose to the key psychological level of 5% on Monday, the first time in nearly three years, with the market widely expecting the Fed to raise interest rates to curb inflation. 11. Canadian company E3 Lithium signed a non-binding memorandum of understanding with battery materials manufacturer Epsilon CAM for a long-term supply of battery-grade lithium carbonate. The framework aims to supply up to 5,000 tons annually from the Clearwater project over five years, starting September 1, 2026.British Business Secretary Reynolds: Britain cannot support Speciality Steel under the proposed terms.Mayor of Kyiv, Ukraine: Air defense forces are on duty.On September 14th, a crew member of the US F-15E fighter jet shot down in Iran made his first public appearance, stating that his parachute malfunctioned during his ejection, and he survived a freefall. In early April, the $30 million jet was shot down by a portable anti-aircraft missile during an airstrike on Iran. Both crew members ejected safely. The US military deployed two aircraft, carrying search and rescue personnel and several light helicopters, which landed on a makeshift runway near his hiding place. The search and rescue personnel then traveled by helicopter to a ridge. However, after he and the search and rescue personnel returned to the makeshift runway by helicopter, the landing gear of both aircraft became stuck in the sand, rendering them unable to take off. The US military was forced to deploy additional personnel to rescue him and the search and rescue team, while simultaneously destroying the aircraft and helicopters to prevent them and their sensitive technology from falling into Iranian hands.Market news: Flights to Los Angeles International Airport have been suspended due to staffing issues.

Crypto Assets Shed $800 Billion in Market Value in A Month

Skylar Shaw

May 11, 2022 10:34

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According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.