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On September 10, the Ukrainian Air Force reported that a Russian drone had entered Polish airspace, posing a threat to the Polish city of Zamoz, approximately 40 miles from the Ukrainian border. The Polish operational command stated that Poland and its allies had scrambled fighter jets to secure the airspace. As a precautionary measure, Polish ground-based air defenses and radar systems were placed on high alert. Real-time surveillance footage showed a US F-35 fighter jet entering eastern Polish airspace and docking with a Dutch Airbus A330 multi-role tanker for mid-air refueling.Fitch: There are now signs that the US economy is slowing down.Fitch: Global economic growth is expected to be 2.4% in 2025, 0.2 percentage points higher than the forecast in June.The British-flagged ship, the Alma, was attacked by a drone while docked in Tunisian waters, the Global Resilience Fleet said.1. The three major U.S. stock indices closed slightly higher, all hitting new closing highs. The Dow Jones Industrial Average rose 0.43%, the S&P 500 rose 0.27%, and the Nasdaq rose 0.37%. UnitedHealth Group rose over 8%, and Goldman Sachs Group rose nearly 3%, leading the Dow Jones Industrial Average higher. The Wind Seven U.S. Tech Index rose 0.71%, with Google up over 2% and Facebook up over 1%. Most Chinese concept stocks rose, with Kingsoft Cloud rising over 14% and 21Vianet up over 8%. 2. The three major European stock indices closed mixed, with Germanys DAX down 0.37%, Frances CAC 40 up 0.19%, and the U.K.s FTSE 100 up 0.23%. 3. U.S. Treasury yields rose across the board, with the 2-year Treasury yield up 7.41 basis points to 3.560%, the 3-year Treasury yield up 6.47 basis points to 3.514%, the 5-year Treasury yield up 6.21 basis points to 3.620%, the 10-year Treasury yield up 5.15 basis points to 4.089%, and the 30-year Treasury yield up 4.38 basis points to 4.733%. 4. International precious metal futures generally closed lower, with COMEX gold futures down 0.37% to $3,663.80 per ounce and COMEX silver futures down 1.31% to $41.36 per ounce. 5. International oil prices continued their upward trend, with the main U.S. crude oil contract closing up 0.82% at $62.77 per barrel, while the main Brent crude oil contract rose 0.77% to $66.53 per barrel. 6. Most of the base metals in London fell, with LME zinc futures down 0.33% to $2,867.00/ton, LME tin futures down 0.66% to $34,035.00/ton, LME lead futures down 0.70% to $1,978.00/ton, LME nickel futures down 0.81% to $15,105.00/ton, and LME copper futures up 0.02% to $9,916.50/ton.

Crypto Market Daily Highlights: ETH Avoids an SEC and Fed-Fueled Slide

Florala Chen

Feb 24, 2023 15:07


The top ten cryptocurrency index had a split morning on Thursday. While MATIC led the road down, ETH defied the negative pattern. Bitcoin is now trading below $24,000 for the first time in seven days following the lackluster session.


The NASDAQ Composite Index and US economic indexes supported the afternoon's trading. The US GDP grew by 2.7% in Q4 as opposed to the preliminary 3.2%. Economic experts expect growth to be 2.9%. Initial unemployment claims decreased from 195k to 192k, but labor market circumstances tightened nonetheless. Analysts predict a 200k rise.


The results and company profits caused the NASDAQ Composite Index to increase by 0.72%.

The NASDAQ, however, fell short of producing a positive crypto session as growing regulatory surveillance dampened investor interest.

Evidence for Crypto-Scrutiny Buying Attitude

The US Federal Reserve published a statement on Thursday outlining the dangers of trading in cryptocurrencies and commodities connected to cryptocurrencies. "Certain sources of funding from crypto-asset-related entities may pose heightened liquidity risks to banking organizations due to the unpredictability of the scale and timing of deposit inflows and outflows," the Fed said in a statement highlighting liquidity risks associated with funding sources from entities related to cryptocurrencies.


The security of such accounts (stablecoin-related reserves) may be correlated with stablecoin demand, stablecoin users' trust in the stablecoin structure, and the stablecoin issuer's reserve management procedures, according to the Fed, which joined the SEC in focusing on stablecoins. Such accounts are vulnerable to significant and swift withdrawals caused by, for instance, unexpected stablecoin redemptions or fluctuations in the marketplaces for digital assets.


The IMF also provided its perspective on the digital asset market as the US Department of Justice, the SEC, and the CFTC increased their crypto monitoring operations. A document named Components of Successful Strategies for Digital Securities was published on Thursday by the IMF.


The IMF intends to "handle concerns by Fund members on how to react to the growth of digital assets and the related dangers," according to the document.


News of the SEC and the New York Department of Financial Services (NYDFS) complaining to Binance came as the cryptocurrency market came under greater examination.


The US buying Situation was also unfavorable. Binance. The US's intentions to purchase Voyager helped reduce the danger of a pandemic at the end of 2022.