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Futures news on October 15, for low-concentration alkali, the expectation of supply maintenance and reduction in load has brought a positive boost, and the market supply side dominates the market. With the companys inventory remaining relatively reasonable, it is estimated that the price of low-concentration alkali will remain relatively stable; for high-concentration alkali, the foreign transaction price is firm, and downstream purchasing expectations still exist. Manufacturers in the main production areas have no inventory pressure for the time being, and high-concentration alkali is expected to be mainly stable.Futures news on October 15th, macro-positive support is limited, market transactions have returned to fundamentals, downstream willingness to lower prices is strong, and companies are forced to cut prices under inventory pressure to attract orders, and the short-term market continues to be weak.Futures news on October 15, yesterday, mainstream sales companies stabilized styrene butadiene rubber, and the mainstream market prices were stable with small fluctuations. The prices of natural rubber and synthetic rubber futures stopped falling and rebounded, butadiene auction transactions were acceptable, and spot merchants in the styrene butadiene rubber market waited and watched, while downstream terminals still had resistance to premium quotations, and the real order trading atmosphere was deadlocked. Today, the market price of styrene butadiene rubber is expected to be mainly stable, and attention should be paid to the terminal buying atmosphere and butadiene transactions.Futures news on October 15th, market sentiment has cooled, and the middle and lower reaches are mainly purchasing goods due to rigid demand. Most raw film companies have poor shipments and lack confidence in the future market. It is expected that prices will be stable but weak today.Futures News on October 15th, the spot price of lithium carbonate remained stable yesterday, and the market supply and demand relationship continued to improve, but the oversupply pattern is difficult to reverse in the short term. Coupled with the impact of weak expectations, the positive support for lithium carbonate is limited, and the upward space for spot prices is blocked. It is expected that the lithium carbonate market will continue to fluctuate.

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.