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Russian Ministry of Defense: Russian troops have occupied Sidorivka in eastern Ukraine.On February 8th, Shanshan Co., Ltd. announced that its controlling shareholder, Shanshan Group, its wholly-owned subsidiary Ningbo Pengze Trading Co., Ltd., the administrator of Shanshan Group, and the restructuring investors Anhui Wanwei Group Co., Ltd. and Ningbo Financial Asset Management Co., Ltd. signed a "Restructuring Investment Agreement." If the restructuring is successful, the companys control will change, with Wanwei Group becoming the controlling shareholder and the Anhui Provincial State-owned Assets Supervision and Administration Commission becoming the actual controller.On February 8th, Tiancheng Auto Control announced that its wholly-owned subsidiary, Wuhan Tiancheng, recently received a designation notice from a leading domestic automaker, becoming the customers passenger vehicle seat supplier. This passenger vehicle seat project is a platform-based project (covering three vehicle models). According to the customers plan, mass production is expected to begin in October 2026, with a project lifecycle of 5 years and an estimated total value of 2.3 billion yuan.February 8th - Data from the Ministry of Transport shows that on February 8th, the 7th day of the Spring Festival travel rush, the total number of inter-regional passenger trips is estimated at 224.28 million, a 0.8% increase compared to the previous day and a 0.8% increase compared to the same period last year. The 2026 Spring Festival travel rush has been underway for a full week since February 2nd. Data shows that in the first week of the Spring Festival travel rush, the total number of inter-regional passenger trips is estimated at 1,413.227 million, with a daily average of 201.89 million, a 2.0% increase compared to the same period last year.Ukrainian President Zelensky: Sanctions have been imposed on foreign manufacturers of some Russian drones and missile components.

Crypto Market Daily Highlights – DOGE Led a Mixed Top Ten Session

Lorna Divakar

Dec 23, 2022 15:51


The top 10 cryptocurrency exchanges had a choppy Thursday session. While BNB and BTC defied the top ten trend, DOGE took the lead. It is noteworthy that BTC missed $17,000 for the sixth time in six sessions.


The crypto market plunged into the red before regaining support as a result of US economic indices and business results.


Initial unemployment claims increased to 216k in the week ending December 16. Economic experts predict a rise to 222k. Additionally, US GDP data for Q3 came in hotter than anticipated. The US economy grew by 3.2% in Q3, up from a preliminary 2.9%. The economy shrank by 0.6% in Q2.


Both reports confirmed the pessimistic Fed and FOMC economic forecasts, which caused riskier assets to decline.


By announcing layoffs in reaction to a decline in demand for computer chips, Micron Technology Inc (MU) contributed to the gloomy sentiment. In reaction, the S&P 500 fell by 1.45% and the NASDAQ Index fell by 2.18%.


The late comeback was brought about by a NASDAQ Index recovery from session lows since there were no crypto news pieces to provide guidance. The main cryptocurrency news item of the day was the $250 million bail posted by former FTX CEO Sam Bankman-Fried.


US economic statistics and cryptocurrency news wires will provide guidance today. Personal expenditure and US inflation will have an impact. Updates on the FTX and regulatory rumors will also need to be taken into account. The NASDAQ mini was down 27.5 points this morning.


Greater-than-anticipated US inflation data would offer the Fed more justification to maintain its aggressive interest rate trajectory, further escalating concerns about an impending economic crash.

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