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December 25 (KCNA) – North Korean leader Kim Jong Un received a congratulatory telegram from Russian President Vladimir Putin on December 18, according to a report by the Korean Central News Agency (KCNA). The report stated that Putins telegram noted the special significance of the past year for relations between Moscow and Pyongyang. He cited the participation of the Korean Peoples Army in the Kursk campaign and the subsequent deployment of North Korean engineering units to Russia, highlighting the unbreakable fighting friendship between Russia and North Korea. Putin also stated that, through joint efforts, every clause of the historic comprehensive strategic partnership treaty has been systematically implemented, contributing to a significant expansion of bilateral cooperation in political, economic, cultural, and other fields. Putin emphasized that Russia and North Korea will continue to strengthen their friendly alliance and engage in constructive cooperation in regional and international affairs.Foreign investors reduced their purchases of Japanese government bonds by 46.2 billion yen in the week ending December 19, compared to 1.4075 trillion yen in the previous week.Japans purchases of foreign stocks in the week ending December 19 amounted to -204.5 billion yen, compared to -79.2 billion yen in the previous week.Japan purchased 103 billion yen in foreign bonds in the week ending December 19, compared with a revised figure of 355.8 billion yen in the previous week (originally 356.4 billion yen).Foreign investors net outflowed 1,234.8 billion yen from Japanese stocks in the week ending December 19, compared with a revised figure of 214.2 billion yen in the previous week (originally 528.3 billion yen).

Cardano Set To Form New Lows After Invalidating 41% Rally

Jimmy Khan

Jun 29, 2022 14:58

微信截图_20220629144145.png


Cardano is at a pivotal point with the Vasil hard fork, and in order to capitalize on it, ADA will need to generate more demand than it is currently witnessing.


Following the negative trend of the overall market, ADA is presently closer to the bottom than it is to the peak.

Will ADA soar or crash and burn?

In the event of such important updates, the blockchain or protocol often experiences an increase in demand prior to the execution. In the specific situation of Cardano, this is accurate.


Due to the enormous purchase demand from investors in September 2021, ADA managed to reach its all-time high before the Alonzo hard fork arrived.


This time around, though, the same is not being noticed. Investors may be concerned about a repetition of the past since Vasil essentially just enhances the smart contracts function, despite its importance.


ADA has not been able to bounce back from the roughly 30% decline it saw this month, despite the talk in the community. The cryptocurrency barely gained 9.52 percent from its lows before tumbling once again to its current trading price of $0.47.


However, this may also be seen as a business opportunity. Vasil brings a lot to the table, thus its influence can make the price movement more positive and make the present trading price a good entry opportunity.


Vasil could wind up being just the boost the Relative Strength Index needs as it is now teetering on the brink of the positive zone.

A second chance for investors

Investor participation has undoubtedly been deterred by the general market bearishness, and this is evident from the on-chain statistics as well. The daily transaction decreased from $18.9 billion to roughly $7.5 billion during the last 30 days.


This was inevitable given the decline in both the number of transactions and the number of active addresses. However, if Vasil keeps its word, things may get better from here on out.


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