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The Saudi-led coalitions air defense system intercepted and destroyed a ballistic missile launched by Houthi rebels toward Riyadh.SK Hynix: We are considering various shareholder return policies but have not yet made any decisions.Futures News, October 26th: Prices in the South China market rose over the weekend, with particularly significant increases at the port. This was mainly due to heightened concerns about the escalating US-Iran conflict, which boosted international oil prices and overseas markets. Upstream suppliers also intentionally controlled shipments, while downstream buyers increased restocking amid concerns, jointly driving up prices. The market is expected to continue its strong trend today, with further room for price increases.Saudi Civil Defense: The danger alert for Riyadh has been lifted.On October 26th, Carlos Melo, a political scientist and professor at Insper Business School, stated that in the second round of voting, anti-Bolsonaro sentiment outweighed voters concerns about Lulas return to power. The abstention rate appears to have decreased, which may also have influenced the election results, with the northeast playing a significant role in Lulas victory. Melo stated, "By the second round, anti-Bolsonaro sentiment had taken to the streets. If Lula was overconfident in the first round, Flavio was also overconfident in the second, which negatively impacted him." Melo believes that Lulas primary challenge is building a team capable of ensuring the government functions effectively and communicating with previously underserved social groups. These groups include business leaders, financial markets, agribusiness, and the middle class. "Lulas current team cannot do this; he needs to build a different team."

Indonesian Crypto Exchange Ensures Compliance With Biometric Security-Based Wallet

Cory Russell

May 11, 2022 10:37

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According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.

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