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Conflict Situation: 1. Russia – ① Russian officials stated that a Ukrainian drone attack damaged apartment buildings and oil depots in the Russian Black Sea port of Novorossiysk. ② Russian Ministry of Defense: Air defense forces shot down or intercepted 216 Ukrainian drones overnight. 66 drones were shot down in the Krasnodar region of southern Russia. ③ Russian Federal Security Service: A Ukrainian plot to assassinate a senior Russian government official was foiled while the official was visiting a cemetery in Moscow. ④ Governor of Volgograd Oblast: Air defense systems repelled a nighttime drone attack targeting energy infrastructure. ⑤ Sources: Oil exports from the Russian Black Sea port of Novorossiysk have been suspended following the drone attack. ⑥ Russian Ministry of Defense: Russian forces conducted large-scale strikes against Ukrainian military and energy facilities. ⑦ Russian Ministry of Defense: Russian forces continued to attack besieged Ukrainian troops in the Krasnodar region. Russian forces successfully repelled seven Ukrainian attempts to relieve besieged troops from the northwest of Krasnodar. Russian forces also completed the clearing of Ukrainian personnel from the Rog settlement east of Krasnodar. 2. Ukraine – ① Numerous explosions were heard in the Ukrainian capital, Kyiv, with the mayor claiming a large-scale Russian attack. ② The mayor of Kyiv stated that the Russian attack injured 11 people. ③ The Ukrainian Ministry of Energy reported that Russia attacked energy facilities last night, causing power outages in parts of Kyiv, Odessa, and Donetsk. ④ The attack on Kyiv has resulted in 6 deaths. ⑤ Ukraine launched a major drone attack on Novorossiysk, a key Black Sea port handling oil cargo from Russia and Kazakhstan. ⑥ The General Staff of the Armed Forces of Ukraine reported that Russian forces launched 64 attacks in multiple locations in the Pokrovsk direction, of which Ukrainian forces repelled 41; the remaining battles are ongoing. Other developments: 1. Denmark delivered €830 million in military aid to Ukraine. 2. German Chancellor Merz stated that the EU is preparing new sanctions against Russia. 3. Russia consulted with the International Atomic Energy Agency regarding the power supply security of the Zaporizhia nuclear power plant. 4. Two industry sources said that the Saratov oil refinery in Russia halted oil processing on November 11 following the drone attack. 5. The deputy head of the Ukrainian military intelligence service stated that the number of artillery shells North Korea supplied to Russia in 2025 has decreased by about half compared to 2024. 6. The deputy head of the Ukrainian military intelligence service stated that Russia plans to produce approximately 500 new glide bombs with a range of 200 kilometers this year and is working to extend the range to 400 kilometers.On November 15th, the Russian Ministry of Defense stated that on the 14th local time, Russian forces continued their operations against besieged Ukrainian troops in the Krasnoyarsk region. Russian forces successfully repelled seven Ukrainian attempts to relieve besieged troops from the northwest of Krasnoyarsk, and also completed the clearing of Ukrainian personnel from the Rog settlement east of Krasnoyarsk. Furthermore, Russian forces continued their aggressive advance in the Dimitrov (Mirnokhlad) region adjacent to Krasnoyarsk, expanding their control. On the same day, the General Staff of the Ukrainian Armed Forces stated that Russian forces launched 64 attacks in multiple locations in the Pokrovsk direction, repelling 41 of them, with the remaining battles ongoing.On November 15th, Denmark, holding the rotating presidency of the European Union, announced on social media that it had completed the delivery of weapons and military equipment worth nearly €830 million to Ukraine. The funds came from "unexpected proceeds" generated by the EU using frozen Russian assets. This marks the second time the EU has used "unexpected proceeds" to provide military support to Ukraine. The equipment will reportedly be used to strengthen the combat capabilities of the Ukrainian armed forces. Denmark stated that the delivery is complete and that it will continue to support Ukraine alongside its EU partners.On November 15th, the State Administration for Market Regulation (SAMR) drafted the "Guidelines for Anti-Monopoly Compliance of Internet Platforms (Draft for Public Comment)," which was released for public comment. To help platform operators better identify anti-monopoly compliance risks and enhance the readability and vividness of the provisions, the "Guidelines," drawing on anti-monopoly regulatory enforcement experience, lists eight risks for platform operators using examples: algorithmic collusion between platforms, organizing and assisting platform operators in reaching monopoly agreements, unfair pricing by platforms, selling below cost by platforms, account blocking, "choose one of two" practices, "lowest price across the entire network," and platform discrimination. These eight risk examples provide clear indications of monopoly risks in specific scenarios for internet platforms, covering various platform operations such as data transmission, algorithm application, service pricing, search ranking, recommendation display, traffic allocation, and subsidies. Platform operators are encouraged to proactively conduct risk assessments and self-checks based on the risk examples listed in the "Guidelines" to avoid the anti-monopoly compliance risks mentioned in the examples. However, determining whether an act constitutes a monopolistic act prohibited by the Anti-Monopoly Law requires investigation, evidence collection, analysis, and argumentation based on the Anti-Monopoly Law and related regulations before a conclusion can be reached.The Dow Jones Industrial Average closed down 309.74 points, or 0.65%, at 47,147.48 on Friday, November 14; the S&P 500 closed down 3.38 points, or 0.05%, at 6,734.11; and the Nasdaq Composite closed up 30.23 points, or 0.13%, at 22,900.59.

Crypto Market Daily Highlights - ETH Extends Winning Streak to Eight

Daniel Rogers

Jan 16, 2023 10:52

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The top ten cryptocurrencies had a mixed Sunday session, with ETH bucking the trend while the larger market ended a seven-day losing streak. Profit-taking and regulatory risk contributed to a turbulent Sunday session. The crypto market cap declined by $0.881 billion to close the day at $938.70 billion. It was a mixed afternoon for the crypto top 10 on Sunday. ETH bucked the top ten trend. Notably, BTC revisited $21,000 for the second time since November 7 and the bankruptcy of FTX.

 

On Sunday, neither external market forces nor crypto market catalysts contributed to the eight-session winning streak. With the US markets closed today, profit-taking left the larger crypto market with a small loss.

 

Trading Derivatives includes a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suited for all investors, so please ensure that you fully appreciate the risks involved, and get independent advice if necessary. A Product Disclosure Statement (PDS) can be received either via our website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Regulatory risk almost certainly contributed to the decline. On Thursday, US politicians were back in the spotlight. Reportedly, House Republicans intend to form a Subcommittee to oversee the digital asset market.

 

The disclosure coincides with the SEC bringing accusations against Genesis and Gemini for the unregistered offer and sale of crypto asset securities through the Gemini Earn lending program.

 

There are currently no US economic indicators for investors to evaluate. The lack of statistics will leave the crypto market to the discretion of crypto news outlets and FOMC member talk. Regulatory noise and hawkish FOMC member rhetoric may test current buyer appetite.

 

This week, US business earnings, economic indicators, and FOMC member talk will likely affect investor sentiment, as measured by the NASDAQ Index. Bets on a 25-basis-point Fed rate hike and a decline in FTX contagion risk continue to support the crypto market.