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On December 30th, crude oil futures recovered some of Fridays losses as the weekend meeting between Trump and Zelensky failed to resolve some key issues. Mizuho analyst Robert Yage stated, "Oil trading is based on the expectation that a ceasefire agreement will not be reached in the short term during the Russia-Ukraine peace process. There have been many discussions without an agreement, the continuation of the conflict will put pressure on Russian crude oil production, sanctions will test Russias ability to supply crude oil to international customers, and Ukraines attacks on refineries will challenge Russias ability to operate refineries at high utilization rates."On December 30, Cambodian Ministry of National Defense spokesperson Maria Sokheda denied a Thai statement on the evening of December 29 that "more than 250 drones were detected taking off from Cambodia, violating Thai sovereign territory." In a press release, Sokheda stated that the Cambodian Ministry of National Defense completely denies this claim. "Furthermore, the Ministry of National Defense and provincial governments, especially those in border areas, have issued strict instructions prohibiting the takeoff of all types of drones. We confirm that no such drone takeoff incidents have occurred."December 30th - Amidst the Federal Reserves effective interest rate cuts mitigating the risk of economic recession, a key indicator measuring volatility in the US bond market is heading for its largest annual decline since the global financial crisis. As of last Friday, the ICE BofA MOVE index (reflecting expected volatility in the bond market) had fallen to approximately 59, its lowest point since October 2024. This index, which has been steadily declining from around 99 at the end of 2024, is projected to record one of the most significant annual drops since data became available in 1988, second only to the crash of 2009.Hang Seng Index futures closed down 0.13% at 25,634 points in overnight trading, trading at a discount of 1 point.US President Trump: Israeli Prime Minister Netanyahu can be difficult to deal with at times. He hopes Netanyahu will maintain friendly relations with Syria.

Tether says it has completely eliminated commercial paper from reserves

Skylar Shaw

Oct 14, 2022 17:05

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The biggest stablecoin in the world by market cap, Tether, claims to have totally removed commercial paper from its holdings and replaced it with U.S. Treasury bills.


The biggest stablecoin in the world by market cap, Tether, claims to have totally removed commercial paper from its holdings and replaced it with U.S. Treasury bills.


According to a blog post on the firm website, Tether erased $30 billion of commercial paper without suffering any damages.


Tether said in August that as of the end of June, its reserves were worth $66.4 billion, down from $82.4 billion at the end of March.


By the end of the year, Tether intends to provide monthly updates on the condition of its reserves.