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Hong Kong Exchanges and Clearing Limited Chief Executive Officer, Chan Yik Ting: There are approximately 100 IPOs in preparation.On January 22, a few hours after Trump was sworn in as the President of the United States, the new government shut down the Spanish page of the official White House website, which currently displays "404". White House Chief Deputy Press Secretary Harrison Fields responded on Tuesday that the government "is working to restore the Spanish translation of the website." Trump issued a large-scale executive order on Inauguration Day, including launching an action to crack down on illegal immigration. According to estimates by the U.S. Census Bureau in 2023, approximately 43.4 million Americans speak Spanish as their first language, accounting for 13.7% of the U.S. population aged 5 and over. "This sends a signal that we Hispanics are others and a less important part of this country," said brand and communications strategist Monica Rivera.Futures News on January 22: 1. The trading volume of WTI crude oil futures was 1,603,840 lots, an increase of 621,897 lots from the previous trading day. The open interest was 1,867,573 lots, an increase of 10,068 lots from the previous trading day. 2. The trading volume of Brent crude oil futures was 275,106 lots, an increase of 130,174 lots from the previous trading day. The open interest was 177,119 lots, an increase of 2,545 lots from the previous trading day. 3. The trading volume of natural gas futures was 657,715 lots, a decrease of 95,928 lots from the previous trading day. The open interest was 1,602,377 lots, a decrease of 15,722 lots from the previous trading day.Masato Kanda, former chief foreign exchange officer of Japan: Excessive foreign exchange fluctuations need to be corrected.On January 22, the Hong Kong-Zhuhai-Macao Bridge Authority learned that during the 2025 Spring Festival holiday, the Hong Kong-Zhuhai-Macao Bridge will waive tolls for small passenger cars with 7 seats or less (including the drivers seat). The specific free period is from 00:00 on January 28, 2025 (New Years Eve) to 24:00 on February 4 (the seventh day of the first lunar month), a total of eight days. Qualified small passenger cars can enjoy the free passage policy through the electronic automatic toll lane (national standard ETC, Hong Kong Autopass users) or the manual toll lane.

Crypto Market Daily Highlights: ETH and MATIC Lead the Top Ten

Skylar Shaw

Mar 02, 2023 15:47

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March got off to a positive start for the cryptocurrency market as data from China's private sector PMI drove early session demand for risky assets.


The top ten cryptocurrencies had a positive afternoon on Wednesday. The top ten crypto market rebound was headed by MATIC and ETH. The $24,000 mark was brought up by Bitcoin for the first time in five days.


China's economic statistics gave the month a positive start. Demand for risky assets increased as a result of February's private sector PMI figures that exceeded expectations. Contrary to expectations, the crucial Caixin Manufacturing PMI increased from 49.2 to 51.6. An important development was the industrial sector's first expansion since July 2022.


Gains from the early session were not rolled back by economic statistics from the US or the NASDAQ Composite Index. Although the ISM Manufacturing PMI showed that the manufacturing sector was still contracting, the sub-components backed up a more pessimistic view of Fed monetary policy. From 44.5 to 51.3, the ISM Factory Costs Index increased.


The NASDAQ Composite Index was impacted by hawkish Fed talk as well. According to reports, Fed moderate Kashkari is willing to raise interest rates by 25 or 50 basis points in March.


The NASDAQ Composite Index dropped by 0.66% on Wednesday, but the NASDAQ Mini gained 4.5 points this morning.

Bitcoin Industry Headlines

The impact of cryptocurrency market news on investor mood, however, was varied. As a result of heightened governmental monitoring, Visa (V) addressed reports that it was pausing its cryptocurrency plans.


Regarding the Reuters piece, Cuy Sheffield, Director of Crypto at Visa, stated, "This narrative is incorrect as it relates to Visa, here's the truth."


Sheffield added, "We continue to work with crypto businesses to better currency on and off transitions as well as advance on our product plan to develop new products that can enable stablecoin transfers in a safe, legal, and practical manner."


Sheffield added that Visa's opinion of the significance of blockchain-based, fiat-backed digital currencies has not changed.


Silvergate Bank reports, however, were negative for the market. The business disclosed that the submission of its yearly report had been postponed.


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