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On January 23, Zou Lan, a member of the Party Committee of the Central Bank, said at a press conference of the State Council Information Office on the 23rd that with the support of policies, the scale of securities companies proprietary stock investment has increased significantly. Driven by sufficient policy space and implementation plans, it is expected that the business scale and response speed will be greatly improved. The central bank will improve the convenience of using policy tools and promote the expansion of tools in a timely manner.Zou Lan, member of the Party Committee of the Central Bank: We will continue to optimize the policy arrangements for stock repurchases and additional lending, reduce the proportion of own funds when applying for loans from 30% to 10%, and extend the maximum loan term from one year to three years.According to the Wall Street Journal: Morgan Stanley star banker Michael Grimes is discussing a position in the Trump administration.The Hang Seng Index and Hang Seng Tech Index rose in the short term, both increasing by more than 1%.Futures News on January 23rd, on Wednesday, international oil prices continued to fall, with the main WTI crude oil closing down 0.63% and the main Brent crude oil closing down 0.48%. 1. The latest API data shows that as of the week of January 17, US crude oil inventories increased by 958,000 barrels, while gasoline inventories and distillate inventories increased by 3.23 million barrels and 1.88 million barrels, respectively. In addition, the Houthi armed forces released the crew of the previously detained cargo ship to support the conclusion of the Israeli-Palestinian ceasefire agreement, further promoting the easing of the geopolitical situation in the Middle East. The easing of the geopolitical situation and the growth of crude oil and refined oil inventories may cause oil prices to continue to run weak in the short term. 2. Trumps oil production increase policy and the Russian presidents recent willingness to negotiate a ceasefire with the United States on the Russian-Ukrainian conflict are expected to have a profound impact on oil prices. If they can be implemented smoothly, there is a high probability that oil prices will be under pressure in the medium and long term.

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.

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