• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Shell stated that despite increased oil price volatility caused by the Middle East conflict, it remains optimistic about the long-term prospects of liquefied natural gas.March 16th - Markets widely expect Federal Reserve officials to keep interest rates unchanged at this weeks meeting. Meanwhile, attention is also focused on how the Fed might respond if the consequences of the Middle East conflict contradict its policy objectives. Bank of America senior economist Aditya Bavi stated, "Currently, officials will likely indicate they remain in a wait-and-see mode as they closely monitor the rapidly evolving situation in the Middle East." Regarding the surge in oil prices, Bavi said, "They dont want to jump to conclusions. This is a supply shock. Supply shocks increase the execution risk of their mandate." In addition to the complex economic factors, this weeks Fed meeting is also overshadowed by a tense and high-impact political storm. Last week, a federal judge ruled to dismiss the Justice Departments subpoena against Powell, but US prosecutors vowed to continue their investigation into the Fed and its officials. This could disrupt the Feds expected leadership transition in May.A Reuters poll found that 14 out of 15 economists said the Swiss National Bank should increase its intervention in the foreign exchange market to curb the further strengthening of the Swiss franc against the euro.The United States and South Korea will hold talks this week on a $350 billion fund.On March 16th, Leapmotor (09863.HK) announced that its revenue for 2025 will be RMB 64.73 billion, compared to RMB 32.16 billion in the same period of the previous year. Net profit attributable to equity holders of the company for 2025 is RMB 540 million, compared to a loss of RMB 2.82 billion in the same period of the previous year.

Crypto Market Daily Highlights The Crypto Meltdown

Jimmy Khan

May 27, 2022 10:21

微信截图_20220527100109.png


On Thursday, the crypto market had a gloomy day, with Ethereum (ETH) falling below $1,800.

Investor sentiment was put to the test as a result of the possibility of a regulatory change. The crypto market remains negatively impacted by market concerns about inflation, Fed monetary policy, and inflation.


However, Bitcoin (BTC) rebounded from sub-$28,000 levels to finish the day with a little loss. In the second part of the day, a late comeback, fueled by the NASDAQ 100 breakthrough, provided much-needed support.


The NASDAQ 100's Correlation with Bitcoin is Weakening.


While the NASDAQ 100 provided support for bitcoin, the link between bitcoin and the NASDAQ deteriorated this week.


On Thursday, Bitcoin fell for the second day in a row, while the NASDAQ 100 increased for the second day in a row.


Despite the gloomy attitude in the crypto market, the Fear & Greed Index jumped this morning from 11/100 on May 25 to 12/100.


After rebounding from a Monday 10/100, the Index has been hovering this week. While the Index has remained stable, it is still deep in the "Extreme Fear" zone, indicating investor concern about a crypto sell-off.


Before succumbing to market forces, the Sandbox caught a wave.


The Sandbox (SAND) jumped 9.4% to a day high of $1.5166 in the early Thursday session before falling back into the red.


The announcement of Elvis Presley, the King of Rock and Roll, joining The Sandbox was the catalyst for the breakthrough.


The Sandbox will produce Elvis avatars that will enable users to transform into Elvis Presley in order to create a "immersive and gamified world of Elvis in the metaverse."


The Sandbox, on the other hand, ended the day with a 1.85 percent loss, reversing the morning gains.

The market cap of the top ten cryptocurrencies has dropped by $90 billion, resulting in significant losses.


The broad-based crypto sell-off on Thursday took $90 billion off the crypto market valuation until late support curbed the losses. The entire market capitalization was $1,192 billion at the time of writing, up from a low of $1,153 billion on Thursday.


SOL led the way down in the crypto top 10, falling 9.35 percent.


SOL was joined in the deep red by ADA (-7.00%), BNB (-6.86%), DOGE (-6.08%), and ETH (-7.00%). (-7.73 percent ).


BTC and XRP outperformed the market, sliding 1.08 percent and 3.27 percent, respectively.

Away from the Cryptocurrency Markets

Ex-Binance executives have formed a $100 million fund to invest in Latin American and African Web3 firms.


The markets are watching the Terra remake, with LUNA 2.0 releasing amid market turmoil.


Miami Mayor Francis Suarez said at Davos that he still gets paid in bitcoin, but with a stipulation.


Binance's development proceeded with the signing of a Memorandum of Understanding with the government of Kazakhstan.