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February 7th - US President Trump tweeted: "We need more competition to fight our enemies—the national television networks that spread fake news. Facilitating a good deal like Nexstar-Tegna will help combat fake news because it will bring more, higher-level, and more sophisticated competition. Those who oppose it dont fully understand the benefits for them, but they will in the future. Get this deal done!"February 7th - Ukrainian President Volodymyr Zelenskyy posted a message on the 7th local time, stating that he received a briefing from the Ukrainian negotiating team following their talks with the US and Russia. The Ukrainian negotiating team provided him with a detailed overview of the progress of the negotiations. He stated that Ukraine needs to achieve substantial results, and one of the most important foundations for a peaceful resolution is effective security guarantees.February 7th - While the control dispute at Nexperia remains unresolved, another Chinese acquisition of a British chip company is attracting increasing attention. February 7th was the deadline set by the UK government for the mandatory sale of the FTDI acquisition, subject to national security review. This overseas acquisition by China, completed in 2021, is now entering its final countdown to mandatory sale. Back in November 2024, the UK government formally notified the Chinese consortium that it must transfer all its shares in Future Technology Devices International Limited (FTDI), a UK USB bridge chip company, by the stipulated time. The UK cited the National Security and Investments Act (NSIA), which came into effect in 2022, citing "potential threats to national security." An industry insider stated that the Chinese consortium has been trying to secure more time. The latest extension application is still awaiting a response from the UK, and based on past experience, there is still a certain probability of the extension being approved.February 7th - It was learned from the Ministry of Water Resources that, in order to further improve the construction, operation, and management mechanisms of major water conservancy projects, the Ministry of Water Resources and the National Development and Reform Commission recently issued the "Implementation Opinions on Improving the Construction, Operation, and Management Mechanisms of Major Water Conservancy Projects." Major water conservancy projects are important infrastructure for promoting high-quality economic and social development, playing a crucial supporting role in ensuring flood control, water supply, food security, and ecological security. The opinions are divided into four parts: general requirements, improving the high-quality construction mechanism, improving the high-level operation mechanism, and improving the high-efficiency management mechanism. The opinions require that, focusing on the national water network construction goals of "complete systems, safety and reliability, intensive and efficient, green and intelligent, smooth circulation, and orderly regulation," the government should guide and the market should participate, coordinating "hard investment" and "soft construction," improving the construction and operation mechanism of projects with clear responsibilities, diversified investment, and a focus on both quality and efficiency, and forming a comprehensive, data-driven, and efficient management and guarantee system to achieve high-quality construction, high-level operation, and high-efficiency management of major water conservancy projects.Algeria plans to cancel its air services agreement with the United Arab Emirates.

Crypto Market Daily Highlights

Jimmy Khan

May 07, 2022 09:46


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While the overall crypto market suffers due to investor concerns about Fed monetary policy, Tron (TRX) is on a breakout session.


Illicit behavior in the NFT realm continues unabated, with the OpenSea marketplace becoming the most recent victim.


In the newest twist in the SEC v Ripple lawsuit, the SEC sees hope of protecting William Hinman's 2018 speech-related papers and emails.


Argentina is the latest country to restrict client access to digital assets via banks.


The global financial markets are ending the week on a negative note, with European and US equities markets facing a second straight day of losses. Despite the gloomy crypto market attitude, Tron (TRX) defied the morning trend.


Market concerns over inflation, as well as the need for a more aggressive Fed rate path to contain inflation, sent shockwaves through the global financial markets.


The link between bitcoin (BTC) and the NASDAQ 100 became stronger this week, putting an end to any speculation that BTC might be used as an inflation hedge.


Tron (TRX) is the most active cryptocurrency on Friday.


Tron (TRX) was up 13.11 percent to $0.08428 at the time of writing. TRX rallied to a current-day high of $0.0865 during a strong morning session before dropping down.


Despite the fact that the larger crypto market was in the negative, the breakout session occurred. The announcement that Tron will introduce a TerraUSD (UST) competitor, the USDD, with a 30 percent annual percentage yield, drew a lot of attention.


Tron aims to raise $10 billion for its decentralized reserve, TronDAO, similar to the Luna Foundation Guard (LFG).


Algorand (ALGO), a CoinMarketCap top 100 coin, also gained gains this morning. Despite Thursday's sell-off, news of Algorand being a FIFA World Cup 2022 partner continued to give support.


In the SEC v Ripple case, the SEC wins a little victory.


The SEC won a tiny victory on Wednesday after a series of motions on Tuesday. Judge Sarah Netburn approved the SEC's request to submit a reply brief in its attempt to keep Hinman's speech papers and emails private on Wednesday.


William Hinman, a former SEC Director of the Division of Corporation Finance, has emerged as a key character in the SEC's case against Ripple.


Bitcoin (BTC) and Ethereum (ETH) are not securities, according to William Hinman. The Securities and Exchange Commission is attempting to protect records and emails related to internal deliberations and Hinman's famous statement.


Bitcoin (BTC) is having another difficult day.


BTC was down 1.48 percent to $36,033 at the time of writing. BTC fell to an early morning low of $35,319 before recovering to $36,000 levels after a gloomy morning.


The correlation with the NASDAQ 100 became stronger this week, as market sentiment regarding the Federal Reserve's monetary policies weighed on riskier assets.


The NASDAQ 100 was down 0.95 percent at the time of writing, after a 4.99 percent drop on Thursday.


The influence of central bank policies on cryptos was proved this week, calling into doubt the ethos of decentralization.


In other headlines this morning, Argentina's Central Bank banned banks from marketing cryptos to customers in the sake of financial stability.


With reports of hackers breaching OpenSea's Discord server, NFT marketplace OpenSea also made the crypto headlines.