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On September 21st, Hong Kong SAR Financial Secretary Paul Chan Mo-po stated today (21st) that the Northern Metropolitan Area is a key vehicle for Hong Kongs industrial restructuring, enabling the coordinated development of the "finance + innovation and technology + trade" multi-engine. The Development and Operation Model Design Group, led by Chan, will hold its first meeting this month. He emphasized that the core of the Northern Metropolitan Area development work is "targeted and flexible." This means clearly tying the development of the Northern Metropolitan Area to the implementation of industrial development, with this as the goal of all work. The group will actively explore innovative, flexible, and feasible solutions across various aspects, including legal frameworks, administrative procedures, and financing options, to accelerate the promotion of the Northern Metropolitan Area and the influx of industry, thereby accelerating the realization of the Northern Metropolitan Areas development goals.According to Singapores Lianhe Zaobao on September 21st, the White House announced on September 20th that a new rule for H-1B visas, effective September 21st, will impose a $100,000 fee on each application, but will not apply to re-entry by existing visa holders. The report, citing Reuters, reported that White House spokeswoman Carolyn Levitt posted on social media platform X on the 20th: "This is not an annual fee, but a one-time fee that applies only to applications." Levitt also stated that H-1B visa holders currently abroad will not be charged the $100,000 fee upon re-entry. The White House claims the fee is intended to level the playing field for American workers, who are being displaced by low-wage foreign labor. The White House stated that the $100,000 fee could be waived in individual H-1B visa applications if it is in the national interest.On September 21st, US President Trump again called on European countries to "stop buying" Russian oil, claiming this would further pressure Putin to end the Russia-Ukraine conflict. In a dinner speech at Mount Vernon, Virginia, Trump stated, "European countries are still buying oil from Russia—that shouldnt be happening, right?" This marked his latest day of accusing European allies of energy procurement. Following a meeting with British Prime Minister Starmer on Thursday, Trump expressed his willingness to increase economic pressure on Moscow, but only if those he supports do not also buy Russian oil. Trump, on the spot, pressured US Ambassador to NATO Whitaker, "They have to stop buying Russian oil. Ambassador Whitaker wont allow this to continue for much longer." Faced with the stalemate in the Russia-Ukraine conflict, Trump reiterated his disappointment with Putin, emphasizing that "with just a little more tightening of oil price controls, the war will be over."On September 21st, Zhuhai was forecast to experience continued rainfall, with occasional heavy rain accompanied by brief periods of strong winds and thunderstorms, due to the northward movement of thunderstorm clouds from the sea. The Zhuhai Meteorological Observatory issued a city-wide yellow warning for heavy rain at 8:10 a.m. on September 21st. A yellow warning for thunderstorms and strong winds remains in effect. The Zhuhai Flood Control and Flood Prevention Headquarters has immediately activated a Level IV emergency response for flood control (rainstorm prevention). Please take precautions. Furthermore, considering the potential severe impact of Typhoon No. 18, "Halal," on Zhuhai, the Zhuhai Flood Control and Flood Prevention Headquarters has decided to activate a Level IV emergency response for wind prevention starting at 10:30 p.m. on September 20th. The Zhuhai Meteorological Observatory predicts that from the 21st to the 23rd, Zhuhai will be primarily affected by the typhoons outer periphery, resulting in sunny and hot weather with highs reaching 35°C. However, strong winds and heavy rain will occur from the night of the 23rd to the 25th.September 21st news: On the morning of September 21st, the Hong Kong Observatory issued a yellow rainstorm warning.

Crypto Market Daily Highlights: MATIC Bucks a Bearish Top Ten Trend

Cory Russell

Feb 17, 2023 15:41

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The top ten cryptocurrency index had a mixed day on Thursday. As ADA is leading the road downward, MATIC defies a bearish top-ten trend. Bitcoin is poised to remain onto the $24,000 mark for the second time since August despite the gloomy day.


Investors were alarmed on Thursday by hotter-than-expected US wholesale inflation numbers and FOMC member remarks. Compared to an anticipated 5.4%, the US wholesale annual inflation rate decreased in January from 6.5% to 6.0%. For investors, sticky inflation continues to be an issue. Despite easing inflationary pressures, inflation is still far over the Fed's objective.


A more pessimistic view for Fed policy was also bolstered by jobless claims. Contrary to expectations, initial claims for unemployment benefits decreased from 195k to 194k. A tight labor market is shown by sub-200k claims.


James Bullard and Loretta Mester, members of the FOMC, contributed to the pessimistic vibe. Mester reportedly remarked that since inflation remained too high, she is open to more drastic rate increases than her colleagues had suggested in February. Bullard suggested more rate rises to maintain the trend of lower inflation.


The NASDAQ Composite Index dropped by 1.78% in reaction to the Thursday statistics and aggressive Fed talk, while the S&P 500 lost 1.38% on the day. The Dow dropped by 1.26 percent.


SEC Another lawsuit reaches the cryptocurrency news wires.


The SEC is prosecuting Terraform Labs and its creator Do Kwan for misleading investors, according to press reports on Wednesday.


The news release states that Terraform and Kwon "marketed crypto asset securities to investors looking to make a profit, consistently misrepresenting that the tokens would grow in value. This is according to the SEC's complaint. For instance, they promoted and sold UST as a stablecoin that "yields" using the Anchor Protocol, paying up to 20% interest.


According to the press release, Terraform and Kwon repeatedly misled and deceived investors while marketing the LUNA token by claiming that a well-known Korean mobile payment application used the Terra blockchain to settle transactions that would give LUNA value.


Do Kwon's whereabouts are unknown, and the founder of Terra Labs is also wanted in South Korea on criminal charges.