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Bahrains Ministry of Defense said the country intercepted and destroyed several air attacks from Iran on Thursday.TSMC (TSM.N): Equipment prices are affected by inflation.July 16th Futures News: On July 16th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 317,833 tons, an increase of 2,171 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,640 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 336 tons. 6. Petroleum asphalt futures warehouse receipts: 11,290 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 20,110 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.July 16th - Despite ongoing speculation that European Central Bank President Christine Lagarde might end her term early, most economists believe she will complete her eight-year term. A Bloomberg survey shows that about two-thirds of respondents expect Lagarde to serve until her term expires next October and not leave office prematurely. Speculation about Lagardes potential early departure began last year when she was considered a likely candidate to head the World Economic Forum. In February of this year, media reports suggested she might leave early, which she did not explicitly deny, reigniting the speculation. Since then, Lagarde has publicly stated that she might play a marginal role in French politics. France will hold presidential elections next spring.On July 16, at a regular press conference, Ministry of Commerce spokesperson He Yadong responded to questions regarding the progress of resolving the Nexperia semiconductor dispute, stating that since the establishment of an open and pragmatic comprehensive cooperative partnership between China and the Netherlands over the past decade, bilateral economic and trade cooperation has continuously deepened. On July 7, Dutch Minister for Foreign Trade and Development Cooperation, Schelzma, visited China, and Minister Wang Wentao co-chaired the 18th meeting of the China-Netherlands Joint Economic and Trade Commission with her, exchanging candid and in-depth views on China-Netherlands and China-EU economic and trade relations. Both sides agreed that their governments should create a favorable environment to encourage companies to resolve disputes through consultation, ensuring the security and stability of the global semiconductor supply chain.

Crypto Market Daily Highlights

Jimmy Khan

May 07, 2022 09:46


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While the overall crypto market suffers due to investor concerns about Fed monetary policy, Tron (TRX) is on a breakout session.


Illicit behavior in the NFT realm continues unabated, with the OpenSea marketplace becoming the most recent victim.


In the newest twist in the SEC v Ripple lawsuit, the SEC sees hope of protecting William Hinman's 2018 speech-related papers and emails.


Argentina is the latest country to restrict client access to digital assets via banks.


The global financial markets are ending the week on a negative note, with European and US equities markets facing a second straight day of losses. Despite the gloomy crypto market attitude, Tron (TRX) defied the morning trend.


Market concerns over inflation, as well as the need for a more aggressive Fed rate path to contain inflation, sent shockwaves through the global financial markets.


The link between bitcoin (BTC) and the NASDAQ 100 became stronger this week, putting an end to any speculation that BTC might be used as an inflation hedge.


Tron (TRX) is the most active cryptocurrency on Friday.


Tron (TRX) was up 13.11 percent to $0.08428 at the time of writing. TRX rallied to a current-day high of $0.0865 during a strong morning session before dropping down.


Despite the fact that the larger crypto market was in the negative, the breakout session occurred. The announcement that Tron will introduce a TerraUSD (UST) competitor, the USDD, with a 30 percent annual percentage yield, drew a lot of attention.


Tron aims to raise $10 billion for its decentralized reserve, TronDAO, similar to the Luna Foundation Guard (LFG).


Algorand (ALGO), a CoinMarketCap top 100 coin, also gained gains this morning. Despite Thursday's sell-off, news of Algorand being a FIFA World Cup 2022 partner continued to give support.


In the SEC v Ripple case, the SEC wins a little victory.


The SEC won a tiny victory on Wednesday after a series of motions on Tuesday. Judge Sarah Netburn approved the SEC's request to submit a reply brief in its attempt to keep Hinman's speech papers and emails private on Wednesday.


William Hinman, a former SEC Director of the Division of Corporation Finance, has emerged as a key character in the SEC's case against Ripple.


Bitcoin (BTC) and Ethereum (ETH) are not securities, according to William Hinman. The Securities and Exchange Commission is attempting to protect records and emails related to internal deliberations and Hinman's famous statement.


Bitcoin (BTC) is having another difficult day.


BTC was down 1.48 percent to $36,033 at the time of writing. BTC fell to an early morning low of $35,319 before recovering to $36,000 levels after a gloomy morning.


The correlation with the NASDAQ 100 became stronger this week, as market sentiment regarding the Federal Reserve's monetary policies weighed on riskier assets.


The NASDAQ 100 was down 0.95 percent at the time of writing, after a 4.99 percent drop on Thursday.


The influence of central bank policies on cryptos was proved this week, calling into doubt the ethos of decentralization.


In other headlines this morning, Argentina's Central Bank banned banks from marketing cryptos to customers in the sake of financial stability.


With reports of hackers breaching OpenSea's Discord server, NFT marketplace OpenSea also made the crypto headlines.