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On October 10th, according to information released by the Houthi rebels in Yemen, the Saudi-led coalition launched an airstrike on Sanaa International Airport, the Houthi-controlled capital of Yemen, dropping four bombs on the afternoon of the 10th local time. In addition, the Saudi-led coalition also launched an airstrike on a communications facility in Hajjah province, also controlled by the Houthis, dropping three bombs. Saudi Arabia has not yet responded to these reports.On October 10, Russian Presidential Press Secretary Dmitry Peskov said that during his trip to Turkmenistan for the CIS Heads of State Council meeting and the Caspian Sea Eco Summit, Putin informed Iranian President Sergei Pezechzian that he would speak with Donald Trump. Following consultations with Pezechzian, Putin conveyed Irans proposals for resolving the conflict to Trump during his call with Trump on October 9. However, Peskov did not disclose the specific details of Irans proposals.According to the Palestinian National News Agency, Palestinian President Mahmoud Abbas issued a decree cancelling the Legislative Council elections originally scheduled for November 28, 2026, and rescheduling the presidential and Legislative Council elections for September 11, 2027.On October 10, the General Staff of the Armed Forces of Ukraine announced that Ukrainian troops had again attacked the Samara linear production dispatch station in Russias Samara region. The extent of the damage is still being assessed. The Ukrainian side stated that the station is a major hub for receiving, storing, and blending crude oil for Russia, playing a crucial role in ensuring the needs of the Russian military. Furthermore, the Ukrainian military confirmed that four storage tanks were destroyed and a large fire broke out during the attack on the station on October 7. Ukraine stated that such attacks are aimed at weakening Russias military and economic potential.Russia appoints governor: Four civilians have been killed in the Russian-controlled Luhansk region of Ukraine in the past 24 hours.

Crypto Market Daily Highlights: MATIC Bucks a Bearish Top Ten Trend

Cory Russell

Feb 17, 2023 15:41

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The top ten cryptocurrency index had a mixed day on Thursday. As ADA is leading the road downward, MATIC defies a bearish top-ten trend. Bitcoin is poised to remain onto the $24,000 mark for the second time since August despite the gloomy day.


Investors were alarmed on Thursday by hotter-than-expected US wholesale inflation numbers and FOMC member remarks. Compared to an anticipated 5.4%, the US wholesale annual inflation rate decreased in January from 6.5% to 6.0%. For investors, sticky inflation continues to be an issue. Despite easing inflationary pressures, inflation is still far over the Fed's objective.


A more pessimistic view for Fed policy was also bolstered by jobless claims. Contrary to expectations, initial claims for unemployment benefits decreased from 195k to 194k. A tight labor market is shown by sub-200k claims.


James Bullard and Loretta Mester, members of the FOMC, contributed to the pessimistic vibe. Mester reportedly remarked that since inflation remained too high, she is open to more drastic rate increases than her colleagues had suggested in February. Bullard suggested more rate rises to maintain the trend of lower inflation.


The NASDAQ Composite Index dropped by 1.78% in reaction to the Thursday statistics and aggressive Fed talk, while the S&P 500 lost 1.38% on the day. The Dow dropped by 1.26 percent.


SEC Another lawsuit reaches the cryptocurrency news wires.


The SEC is prosecuting Terraform Labs and its creator Do Kwan for misleading investors, according to press reports on Wednesday.


The news release states that Terraform and Kwon "marketed crypto asset securities to investors looking to make a profit, consistently misrepresenting that the tokens would grow in value. This is according to the SEC's complaint. For instance, they promoted and sold UST as a stablecoin that "yields" using the Anchor Protocol, paying up to 20% interest.


According to the press release, Terraform and Kwon repeatedly misled and deceived investors while marketing the LUNA token by claiming that a well-known Korean mobile payment application used the Terra blockchain to settle transactions that would give LUNA value.


Do Kwon's whereabouts are unknown, and the founder of Terra Labs is also wanted in South Korea on criminal charges.


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