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January 25th - For most of the past three years, the so-called "Big Seven"—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—have led the stock market rally. However, this trend reversed at the end of 2025 as Wall Street began to question the hundreds of billions of dollars these companies have invested in developing artificial intelligence and when those investments would pay off. An index tracking the Big Seven hit a record high on October 29th, and since then, five of the Big Seven companies have seen their share prices decline and lag behind the S&P 500. During this period, only Alphabet and Amazon, with gains approaching 20%, have maintained their upward trend. Darrell Cronk, Chief Investment Officer of Wells Fargo Wealth and Investment Management, stated, "Tech stocks have become a performance-driven story. If big tech companies continue to deliver strong results, I think money will flow back into the tech sector." Next week, Microsoft, Apple, Tesla, and Meta will release their earnings reports, providing insights into the health of industries ranging from cloud computing and electronics to software and digital advertising.On January 25th, Saudi real estate developers shares saw their biggest gain in four months, boosted by the formal implementation of new regulations allowing foreigners to own a wider range of local real estate assets. On Sunday, the Saudi Stock Exchanges Real Estate Management and Development Index surged 4.5%, with all 17 constituent stocks rising. Mecca Construction and Development Company led the gains with approximately 10%, followed closely by Al-Aqen Real Estate. Fadi Arbid, Founding Partner and Chief Investment Officer of Amwal Capital Partners, stated, "This is a market craving good news. Opening up the real estate market to foreign investment, especially in Mecca and Medina, is clearly a good thing." While specific details regarding foreign ownership rules are scarce, Saudi Arabias latest announcement indicates that the country is moving forward with plans to allow foreigners to own residential, commercial, agricultural, and industrial properties. Under the new law, non-Saudi citizens can also purchase land. As part of efforts to reduce dependence on oil and diversify its economy, Saudi Arabia approved a comprehensive revision of its property ownership law last July, aiming to attract foreign buyers to the Gulf regions largest economy and accelerate necessary infrastructure development.Monday: ① Data: Germanys January IFO Business Climate Index; US November Durable Goods Orders (MoM); US January Dallas Fed Business Activity Index; Chinas December Year-to-Date Power Generation Capacity. ② Events: 200 billion yuan of 1-year Medium-term Lending Facility (MLF) and 158.3 billion yuan of 7-day reverse repos mature today; the China Academy of Information and Communications Technology holds the 2026 "Star Computing & Intelligent Connectivity" Space Computing Power Seminar. ③ Holidays: The Sydney Stock Exchange and the National Stock Exchange of India are closed. Tuesday: ① Data: US November FHFA House Price Index (MoM); US November S&P/CS 20-City Composite Home Price Index (YoY, Unadjusted); US January Conference Board Consumer Confidence Index; US January Richmond Fed Manufacturing Index. ② Earnings Reports: Boeing, General Motors. Wednesday: ① Data: US API crude oil inventories for the week ending January 23; Australias December unadjusted CPI year-on-year rate; Germanys February GfK consumer confidence index; Switzerlands January ZEW investor confidence index; US EIA crude oil inventories for the week ending January 23. ② Events: Bank of Canada releases interest rate decision and monetary policy report. ③ Earnings reports: Meta, Microsoft, Tesla (after market close). Thursday: ① Data: Switzerlands December trade balance; Eurozones January industrial and economic sentiment indices; US initial jobless claims for the week ending January 24; US November trade balance; US November factory orders month-on-month; US November wholesale sales month-on-month; US EIA natural gas inventories for the week ending January 23. ② Events: Federal Reserve FOMC releases interest rate decision; Federal Reserve Chairman Powell holds a monetary policy press conference. ③ Earnings reports: Apple (after market close). Friday: ① Data: Japans December unemployment rate; Frances preliminary Q4 GDP annual rate; Switzerlands January KOF Leading Economic Index; Germanys January seasonally adjusted unemployment figures, Germanys January seasonally adjusted unemployment rate, and Germanys preliminary Q4 unadjusted GDP annual rate; UKs December Bank of England mortgage approvals; Eurozones preliminary Q4 GDP annual rate and Eurozones December unemployment rate; Germanys preliminary January CPI monthly rate; Canadas November GDP monthly rate; US December PPI data and US January Chicago PMI. Saturday: ① Data: US total oil rig count for the week ending January 30; Chinas official January manufacturing PMI. ② Events: 2028 FOMC voting member and St. Louis Fed President Musalaim speaks on the US economy and monetary policy; CFTC releases weekly positioning report.On January 25, local time, Mohshinni Sani, a member of the Iranian Parliaments National Security and Foreign Policy Committee, stated in an interview that the Iranian armed forces have entered a state of full alert in response to the current military deployments of adversaries. Sani emphasized that Iran is continuously monitoring all hostile movements in the region, and the military is "hands on the trigger," ready to respond at any time. In the event of any form of aggression, Iran will launch a fierce counterattack, its strikes encompassing everything from the Strait of Hormuz to all US interests in the region, and its retaliatory measures will exceed the enemys expectations.January 25th - Starting from midnight on January 26th, a new train schedule will be implemented nationwide. After the adjustment, the national railway network will operate 12,130 scheduled passenger trains, an increase of 243 trains compared to the previous schedule; and 23,748 freight trains, an increase of 177 trains compared to the previous schedule. The national railways passenger and freight transport capacity and efficiency will be further improved, and the supply of transport products will be continuously optimized, better serving the high-quality development of the economy and society.

The Russian Ministry of Finance Has Completed A Bill To Regulate Cryptocurrency Mining

Cory Russell

Apr 18, 2022 10:54

The draft legislation of the crypto bill "On Digital Currency" by the Ministry of Finance (MoF) emphasizes mining and trading laws.


Operators of exchanges and digital trading platforms will be licensed and regulated by a Russian government entity.


The new rule comes as a result of a rising desire for mining among Russian ministers.


Russia's new crypto regulatory law, according to information supplied by Russian news source Kommersant, would be rigorous in its approach.


The most current version of the draft legislation covers the new trading and mining laws for cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others) introduced under the bill "On Digital Currency."

Russia Creates New Crypto Bill

The bill's additional standards for exchange and digital trading platform providers were one of the bill's centerpieces. According to Kommersant, these operators will now work as a team.


The exchange operators will be the ones to buy and sell cryptocurrencies on their own behalf and at their own cost, while the operators of digital trading platforms will be in charge of the organized bidding.


Additionally, these operators will be required to establish a distinct structural unit, produce yearly reports, meet the needs of new management bodies, perform internal control and auditing, and more.


They will also need to be classified as an AML/CFT organization, and their operations will be regulated and licensed by a Russian government authority.


Finally, for the first time, the measure will concentrate on the crypto mining process and companies. After registering with the appropriate authorities, legal companies, and individual miners, the law specified that crypto mining might be done.


These operations will be taxed individually, and data centers will be made available for mining if the owner is a Russian legal company.

Mining is in high demand

While the Russian government was planning to take cryptocurrency in January, things started to pick up pace once the Russian-Ukraine conflict erupted. Not only was the demand for cryptocurrencies increasing, but so was the need for mining.


Russia's Deputy Energy Minister, Evgeny Grabchak, stressed that the legal void around crypto mining must be filled as quickly as possible, with a clear set of laws and regulations in place.


To make the process more efficient, he advised decentralizing it by choosing mining locations on a more regional level rather than at the federal level.


With these rules about to take effect in the near future, it seems that the transition from calling for a mining ban to accepting controls is more of a necessity than a natural shift of attitude.