EUR/USD 1.18554
-0.126%
Gold 4960.52
0.788%
Oil 62.568
-0.285%
USD/JPY 153.266
0.349%
GBP/USD 1.35958
-0.191%
GBP/JPY 208.377
0.164%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 13th, Morgan Stanley economist Kathleen Oh stated that the Bank of Korea may raise its 2026 economic growth forecast for South Korea from 1.8% to 2.0% at its policy meeting on February 26th. She noted that this upward revision primarily reflects the positive risks from a stronger-than-expected semiconductor industry. She expects the Bank of Koreas inflation forecast for this year to remain unchanged at 2.1%, due to the gradual recovery of the domestic economy and limited demand-driven price pressures. She added that South Korea is expected to maintain its policy interest rate this year, while also pointing out that three of the Bank of Koreas seven board members will have their terms expire in the coming months.The Ukrainian Deputy Prime Minister stated that Russia attacked a port in Ukraines Odessa region, resulting in one death and six injuries.On February 13th, the "Implementation Plan for Promoting High-Quality Development of the Hydrogen Energy Industry in Lanzhou (2026-2028) (Draft for Public Comment)" was released for public comment. The plan aims to cultivate a hydrogen energy equipment manufacturing industrial cluster with core competitiveness, promote the deep integration of technological and industrial innovation, and achieve diversified and large-scale application scenarios. The goal is to double the output value of the hydrogen energy industry by 2028, making Lanzhou a nationally important innovation and manufacturing hub for hydrogen energy equipment and a core hub of the "Gansu-Xinjiang Hydrogen Corridor." The plan also aims to attract and cultivate 15-20 upstream and downstream enterprises in the industrial chain, forming an industrial cluster led by 2-3 leading enterprises and supported by numerous supporting enterprises. The average annual growth rate of the hydrogen energy and related industries is expected to reach 30% by 2028.Shijiazhuang Pharmaceutical Group (02005.HK): The Group’s propranolol hydrochloride has been approved and registered by the China National Medical Products Administration as an active pharmaceutical ingredient for use in marketed formulations.February 13th - In January 2026, railway construction progressed efficiently and effectively, with the national railway system completing 46.3 billion yuan in fixed asset investment, a year-on-year increase of 5.5%, effectively driving investment across society and achieving a good start to the year.

Bitcoin falls below $19,000 as cryptos creak under rate hike risk

Skylar Shaw

Sep 20, 2022 14:27

微信截图_20220920100240.png


On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to engage in risky assets due to impending interest rate increases.


By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387.


The second-largest cryptocurrency, ethereum, lost 3% to a two-month low of $1,285 and had lost more than 10% in the previous day. The majority of the smaller tokens had larger losses.


Over the weekend, a significant update to the Ethereum blockchain—which supports the ether token—called the Merge changed how transactions are handled and reduced energy consumption.


The value of the token has decreased amid rumors that comments made last week by Gary Gensler, chairman of the U.S. Securities and Exchange Commission, suggested the new structure would draw further regulation. The upgrades' surrounding trades were likewise unwound.


The regulatory outlook is guesswork, according to Matthew Dibb, COO of Singapore's Stack Funds cryptocurrency platform.


Since the Merge, the markets have shed a lot of their excitement, he said. Given the uneasy global background, he said, "It's truly been a sell-the-news sort of event," and predicted that ether will test $950 in the near future.


"From a basic and technological standpoint, the current situation does not appear promising. There isn't a clear quick positive trigger that will support these markets and inject a ton of fresh cash and liquidity, in our opinion.

Suggestion