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On October 15, relevant data showed that the growth rate of M1 has rebounded significantly in recent months, and the M1-M2 gap has narrowed significantly since the beginning of this year, reflecting positive signals such as the increase in corporate production and operation activity and the recovery of personal investment and consumption demand.On October 15th, Michiel Tukker, senior European interest rate strategist at ING Bank, stated in a report that despite the recent decline in US Treasury yields, ING Bank still maintains its view that Eurozone yields should remain at current levels, or even rise slightly. He pointed out that German government bonds have outperformed interest rate swaps in the past few days, reflecting the markets demand for safe assets. "As one of the few safe-haven assets that still holds a AAA rating, German government bonds are expected to perform strongly if market risk sentiment deteriorates significantly." However, Tukker added that if US Treasury yields fall sharply, "it will undoubtedly force German government bonds and swap rates to test lower levels."Russias Defense Ministry said Russian forces attacked Ukrainian energy infrastructure facilities overnight.Russias Ministry of Defense said Russian troops have captured the Oleksiyivka settlement in Ukraines Dnipropetrovsk region.Central Bank: At the end of September, the balance of broad money (M2) was 335.38 trillion yuan, an increase of 8.4% year-on-year. The balance of narrow money (M1) was 113.15 trillion yuan, a year-on-year increase of 7.2%. The balance of currency in circulation (M0) was 13.58 trillion yuan, an increase of 11.5% year-on-year. Net cash injection in the first three quarters was 761.9 billion yuan.

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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