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December 22nd - Recently, in the Israeli-controlled areas east of the "Yellow Line," the withdrawal line established in the first phase of the Gaza ceasefire agreement, several Palestinian armed factions are attempting to expand their influence and gain dominance, vying to fill the vacuum left by the departure of Hamas. It is reported that at least five armed factions are currently active in the Israeli-controlled areas, openly stating their intention to play a role in the Gaza Strip after Hamass downfall. Fearing a threat to their position in Gaza, Hamas is cracking down on these factions, while the people of Gaza fear that the region may slide into civil war.On December 22nd, local time, the Russian Ministry of Defense released a war report stating that over the past day, Russian forces had secured more advantageous defensive lines and positions in all directions, advancing deeper into Ukrainian defenses. Russian forces targeted Ukrainian defense industry enterprises, energy, transportation, and warehousing infrastructure supporting Ukrainian troops, long-range drone assembly sites, and temporary outposts of Ukrainian troops and foreign mercenaries. On the 21st, the Ukrainian Armed Forces stated that, affected by the rapid advance of Russian forces, Ukrainian troops had withdrawn from several positions near the Russian-Ukrainian border in Krasnopyria, Sumy Oblast. Currently, Ukrainian forces are continuing operations along the border, eliminating Russian manpower, and Russian forces are currently under Ukrainian fire.Conflict Status: 1. Ukraine claims infrastructure in Odessa region was attacked. 2. Russia has deployed its 5,500-kilometer Hazel missile to Belarus. Other Developments: 1. French Presidential Palace: The method of dialogue between the French and Russian presidents will be determined within days. 2. US intelligence indicates that Putins war objectives in Ukraine remain unchanged. 3. The Ukrainian delegation held a series of meetings with the US and EU; the US envoy described them as "productive." 4. Kremlin: Putin is ready to engage in dialogue with French President Macron if both sides share a common political will. On December 22, Biren Technology announced on the Hong Kong Stock Exchange that it plans to issue 247,692,800 H shares in its Hong Kong listing (subject to the exercise of the offering adjustment right and over-allotment option), with a pricing range of HK$17 to HK$19.6 per share. Trading of the H shares is expected to commence on January 2, 2023.Ukrainian negotiator Umerov: He will hold another meeting with the US team on Sunday.

Crypto Market Daily Highlights – DOGE and ADA Lead a Bearish Top Ten

Cory Russell

Dec 29, 2022 14:11

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For the top 10 cryptos on Wednesday, it was a negative session. Leading the way down were DOGE and ADA, with MATIC and XRP far behind. Notably, BTC fell below $16,500 for the first time in eight sessions while failing to reach $17,000 for the eighth straight session.


Throughout the midweek session, the cryptocurrency market was dominated by a bearish mood. As market worries about Fed monetary policy and the growing possibility of a harsh landing propelled riskier assets into the red, hopes of a post-holiday recovery receded.


With China's economy scheduled to reopen and demand likely to jump, along with Russia's embargo on oil shipments to nations with price limits, concerns about another spike in inflation that would compel the Fed to raise rates longer are still prevalent.


The US unemployment rate is at 3.7%, which is lower than the Fed's target rate of 5.0%. This gives the Fed plenty of leeway to maintain its aggressive interest rate trajectory.


The most recent spike of new COVID-19 cases throughout China is another factor contributing to the long list of economic challenges. While China has eliminated the need for quarantines, other nations are starting to place travel restrictions on people coming from China.


The S&P 500 lost 1.20%, while the NASDAQ Index dropped by 1.35%


US unemployment claims data will be of importance today. Better-than-expected results might trigger another sell-off since investors are uneasy about the Fed. The cryptocurrency market will probably continue to follow the NASDAQ Index until there is a significant crypto event. The NASDAQ mini gained 24.5 points this morning.

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