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Switzerlands seasonally adjusted unemployment rate in April was 2.8%, in line with expectations and the previous value of 2.80%.On May 6, Weissman, chief economist and portfolio manager at MFS Investment Management, said in a report that Federal Reserve Chairman Powell will almost certainly express a wait-and-see attitude at this weeks meeting. The confusion of US tariff policy makes the future macroeconomic outlook particularly difficult to predict. The Fed will also note that tariff-induced inflation, even if theoretically regarded as temporary, may produce more persistent actual inflation. Therefore, if there is no clear signal that the economy is weakening substantially, the Fed will be reluctant to ease policy. In other words, in the absence of actual economic deterioration, the Fed may postpone interest rate cuts if necessary.Switzerlands seasonally adjusted unemployment rate for April will be released in ten minutes.On May 6, Leapmotor (09863.HK) official blog announced that from May 1 to May 5, the orders for the entire series exceeded 18,000 units. On May 5, the orders for the entire series exceeded 3,700 units in a single day, and the C11 product alone reached 1,099 units in a single day.Futures news on May 6: 1. The trading volume of WTI crude oil futures was 929,733 lots, a decrease of 14,635 lots from the previous trading day. The open interest was 1,958,593 lots, an increase of 15,586 lots from the previous trading day. 2. The trading volume of Brent crude oil futures was 182,623 lots, a decrease of 28,787 lots from the previous trading day. The open interest was 176,096 lots, an increase of 1,171 lots from the previous trading day. 3. The trading volume of natural gas futures was 491,717 lots, an increase of 76,860 lots from the previous trading day. The open interest was 1,510,742 lots, an increase of 10,387 lots from the previous trading day.

Crypto Market Daily Highlights The Crypto Meltdown

Jimmy Khan

May 27, 2022 10:21

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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.