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1. WTI crude oil futures trading volume was 1,033,142 lots, a decrease of 79,938 lots from the previous trading day. Open interest was 2,091,639 lots, an increase of 11,778 lots from the previous trading day. 2. Brent crude oil futures trading volume was 250,347 lots, a decrease of 2,621 lots from the previous trading day. Open interest was 239,842 lots, a decrease of 23,281 lots from the previous trading day. 3. Natural gas futures trading volume was 742,856 lots, a decrease of 1,166,358 lots from the previous trading day. Open interest was 1,655,969 lots, a decrease of 54,203 lots from the previous trading day.February 4th - Amundi Wealth Management stated that the European Central Bank (ECB) is expected to keep its policy rate unchanged on Thursday, but lower-than-expected inflation could lead to a rate cut later this year. The company noted, "The risk of lower-than-expected inflation at the start of the year reinforces our view that the ECB may cut rates again to 1.75% later this year." According to data from the London Stock Exchange Group, the money market has not yet priced in any ECB rate cut expectations this year. Currently, the ECBs deposit facility rate is 2.00%.On February 4th, Norwegian energy giant Aquino reported a 32% year-on-year decline in fourth-quarter profits due to falling oil prices. As the first major European energy company to release its quarterly earnings report, Aquinos results may set the tone for the upcoming earnings season. Previously, crude oil prices declined amid ample supply. The companys adjusted operating profit after tax shrank to $1.55 billion from $2.29 billion in the same period last year, below the average analyst expectation of $1.59 billion. The company announced a share buyback program of up to $1.5 billion in 2026. Last year, crude oil prices experienced their largest annual drop since 2020, and a large-scale oversupply is expected to continue to weigh on prices in 2026. European natural gas prices also fell sharply last year due to a surge in seaborne supply. Within Aquino, increased production mitigated the impact of falling prices, with both its Norwegian and overseas oil fields increasing output.Japans Ministry of Finance: An agreement has been reached in principle with the Philippines on a new tax treaty.The yield on 40-year Japanese government bonds rose 1.5 basis points to 3.940%.

DEX dYdX Blocks Tornado Cash Affiliated Accounts Citing US Sanctions

Jimmy Khan

Aug 12, 2022 14:47

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This week, the Office of Foreign Asset Control (OFAC) and the US Treasury imposed an outright ban on Ethereum, putting the decentralized non-custodial privacy solution therein in serious jeopardy.


The government not only forbade its residents from utilizing the services, but it also established similar guidelines for cryptocurrency firms, telling them not to collaborate with the platform. Since that time, dYdX has been the first decentralized exchange to take action in its direction.

After a tornado, dYdX

The DEX gave its clients an explanation of the cause of the Tornado Outage on the platform in a blog post published yesterday.


As the $625 million Axie Infinity Ronin Bridge assault, where Tornado was utilized as a way to transport the stolen cash around, is one of the most well-known hacks in the history of cryptocurrency, the OFAC banned Tornado Cash.


Beyond this, however, Tornado's privacy regulations made it a go-to for thieves. Thus, the OFAC declared it obligatory to avoid Tornado Crash in order to eliminate the likelihood that the same would be sponsored from inside the nation.


As a result, a sizable number of customers saw that dYdX had disabled their accounts because of their connection to Tornado Cash, according to what the DEX had to say.


"This sudden influx of flags affected many account holders who have never directly interacted with Tornado Cash, and frequently such users do not realize the origin of the funds transferred to them during various transactions prior to interfacing with our platform, but we must nonetheless maintain certain restrictions," said Tornado Cash.

A terrifying storm with a tornado

Things started to fall apart as the crypto facilitator platform dealt with OFAC prohibitions, and in only three days, the network's native token, TORN, reached new lows.


Trading for TORN was spotted at $16.3, down from $30 less than a week ago, a drop of more than 45%.


Investor losses as a result of this abrupt blacklisting are unprecedented since the platform has been permanently blacklisted, making it unable to recoup from the price collapse of 45%.


And now that both DeFi and non-DeFi crypto exchanges are acting in this way, things are only going to grow worse for TORN moving ahead.

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