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February 21 – The Hong Kong Special Administrative Region (HKSAR) government held a press conference today (February 21) on the long-term housing arrangements for Hung Fook Court. Deputy Financial Secretary Michael Wong stated that the HKSAR government plans to acquire the property rights of Hung Fook Court owners through cash or a property swap, which is the fastest possible solution. The average price per square foot offered by the HKSAR government for the acquisition is HK$8,000 (before land premium payment) and HK$10,500 (after land premium payment), with a total acquisition cost of approximately HK$6.8 billion. After the acquisition, the HKSAR government plans to demolish the seven damaged buildings in Hung Fook Court and redevelop them into parks and other facilities.February 21st - According to data from Maoyan Professional Edition, the total box office (including pre-sales) for the 2026 Spring Festival film season has exceeded 4.2 billion yuan, with "Pegasus 3", "Silent Assassination", and "Boonie Bears: The Big Adventure" ranking in the top three.February 21st - John Weyey, Head of Commercial Hedging at Walsh Trading, stated that golds price action following the Supreme Court tariff ruling indicates that while gold appears to have lost a bullish factor, it still possesses ample upward momentum. Gold initially fell sharply after the news, but the prevailing bullish sentiment quickly regained control. Gold is continuing to rise on its own momentum, and many market participants will maintain this strategy until the market provides a reason to be bearish. Over the past six months, market participants have bought gold for a simple reason: its rising. This is an unprecedented rally, and I believe the market will continue to buy. Even though the tariff ruling has eliminated some uncertainty, gold will continue to rise as other risks remain.February 21 - According to the China Development Bank (CDB), in 2025, CDB issued 786.3 billion yuan in loans to the urban renewal sector, focusing on supporting the renovation and upgrading of old urban residential areas, old streets, old factories, and urban villages, as well as the construction and renovation of urban infrastructure, the restoration of urban ecosystems, and the protection and inheritance of urban historical and cultural heritage. These efforts aim to optimize urban structure, improve functions, preserve cultural heritage, and enhance quality.February 21st - According to the Shanghai Municipal Public Security Bureau, during the Spring Festival, Shanghai police, in conjunction with emergency management, fire and rescue departments, and volunteer groups, implemented multiple measures including strengthened patrols and controls, crackdowns on illegal activities, and widespread public awareness campaigns to strictly enforce safety management requirements for fireworks and firecrackers, ensuring a safe and peaceful holiday for citizens. While strengthening control, Shanghai police also cracked down on illegal transportation, storage, and sale of fireworks and firecrackers. Since the start of the Spring Festival holiday, over 130 related cases have been investigated citywide, with over 150 boxes of fireworks and firecrackers seized, and over 110 people punished according to law for violating regulations.

Crypto Market Daily Highlights: XRP Led a Mixed Top Ten Session

Skylar Shaw

Feb 21, 2023 15:21

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The top ten cryptocurrency index had a mixed day on Monday. As MATIC defied the positive trend, XRP was in the lead. BTC failed to maintain control of the $25,000 handle after returning to it for the fourth time in five sessions.


There were no crypto-related events that may have given the overall crypto market direction. BTC reversed early losses with a rebound to $25,000, providing support for the cryptocurrency market.


The SEC and US politicians remained mute on Monday because American markets were closed in observance of George Washington's birthday. Fed, though, Due to persistent fear and regulatory uncertainty, the cryptocurrency market fell short of $1,100 billion for the day.


Investors have no American economic indications to take into account either. Recent US economic data and Fed talk point in favor of a more aggressive interest rate trajectory to achieve goal inflation. The economic statistics have, however, also allayed the immediate concern of a recession, which is optimistic for the cryptocurrency market.

The Coming Day

Investors should keep an eye on the cryptocurrency news wires for anything that might shift the market. With updates from FTX, Genesis, and Silvergate Bank, Binance news will continue to be of interest.


The NASDAQ Composite Index and US economic data will have an impact on the afternoon session.


Focus will be on the preliminary February PMIs for the private sector. We anticipate that the PMI and its sub-components will have a greater impact. The hawkish stance on Fed monetary policy would be supported by an increase in production and input prices as well as a quicker rate of hiring.


This morning's decline of 23.25 points on the NASDAQ mini indicated a gloomy start to the American session. Regulatory action and congressional chitchat, however, will continue to be the major drivers.

The cryptocurrency market recovers after a quiet Monday session.


The Monday session was rocky. The crypto market cap saw a negative start to the day, falling to an early low of $1,045 billion before regaining support in the late morning. The market capitalization of cryptocurrencies surged to a late afternoon high of $1,098 billion before declining.


Despite a late decline, the cryptocurrency market cap closed at $1,083 billion, up $19.29 billion from the previous day.


The cryptocurrency market is on track to post a second straight monthly increase after last week's advances. The market capitalization of cryptocurrencies is presently at $79 billion despite the heightened regulatory scrutiny. The cryptocurrency market value increased by $248.52 billion in January.