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On December 1st, an investor inquired on an interactive platform whether it was true that the company supplied power PCBs to Google through Delta Electronics. Wilco stated that Delta Electronics is an important customer of the company, and its products are used by many downstream cloud vendors, including Google.Chief Cabinet Secretary Minoru Kihara: I expect the Bank of Japan to implement appropriate monetary policy to achieve its price target sustainably and stably, and to work closely with the government.Japanese Chief Cabinet Secretary Minoru Kihara: Monetary policy falls under the jurisdiction of the Bank of Japan.December 1st - U.S. Treasury yields rose in Asian trading after a Thanksgiving holiday and a shortened trading session last week, as markets awaited new data to guide trading. Kirstine Kundby-Nielsen of Danske Bank stated in a report that given the continued uncertainty surrounding the Federal Reserves interest rate decision, the market will be closely watching data releases this week, particularly the U.S. November ISM Manufacturing Index. The analyst added that the market will be especially focused on any news from U.S. President Trump regarding the Fed chair nominee. According to Tradeweb data, the two-year Treasury yield rose 0.5 basis points to 3.495%, while the 10-year Treasury yield rose 2.1 basis points to 4.039%.December 1st - According to Skyworth Auto, Skyworth Auto and Indian new energy company Kaly Emotors Private Limited recently signed a framework cooperation agreement. The two parties will cooperate on areas such as passenger vehicle product introduction, localized production planning, technology adaptation, and market expansion.

The Bogged-down Crypto Market

Cory Russell

Oct 08, 2022 14:09

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The market remained inside the range that has been in place since the second half of September once again as a result of the 50-day moving average in BTCUSD acting as local resistance.


At the time of writing, Bitcoin was trading slightly under $20K, down 1.9% over the previous day.


Investors in the cryptocurrency market have been deterred from purchasing as a result of a rapid rise in stock markets that has slowed down in recent days due to uncertainty. The market's capitalization dropped 1.6% over night to $956.

News context

We've lately seen some stability in the bitcoin market, according to Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX. But when the Fed's monetary policy becomes more restrictive, it has an impact on all assets, leading cryptocurrencies as well as fiat money and stock indices to change.


Hoarders have amassed a record 13.7 million coins, or 71.5% of the whole BTC supply, according to Ark Invest, purchasing the cryptocurrency that has been falling since the spring. Additionally, vendors have almost reached the limits of their ability to sell.


Due to a higher dollar last week, the connection between bitcoin and gold hit its highest point in more than a year, according to Kaiko. Despite a Fed rate rise, gold and bitcoin failed to exert their role as haven assets.


The huge centralized and regulated Binance and Coinbase will be the main targets of the EU's ban on Russian cryptocurrency wallets, which may increase demand in smaller exchanges with laxer KYC but generally increase the danger of more active cryptocurrency sales.

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