• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hong Kong-listed stablecoin concept stocks continued to strengthen in the afternoon, with Guotai Junan International (01788.HK) surging over 40%, Lion Capital Holdings (02562.HK) rising over 17%, Yunfeng Financial (00376.HK) gaining nearly 12%, and China Everbright Holdings (00165.HK) and China Renaissance Holdings (01911.HK) both rising over 8%.On April 10th, the "Guiding Opinions on Promoting the High-Quality Development of the Biomedical Industry in Zhejiang Province (Draft for Public Comment)" was released for public comment. The draft emphasizes releasing the value of data elements. It calls for accelerating the construction of the Zhejiang Provincial Medical and Bioinformatics Database, building a reliable data utilization space for the industry, exploring pathways for data resource and assetization, and aiming to create 50 high-quality corpora and industry datasets by 2030. It also explores the development and utilization of medical insurance data such as disease spectrum data to meet the needs of innovative drug research and development. Furthermore, it proposes establishing a biomedical zone in the Zhejiang Big Data Exchange Center to explore and promote the development, registration, and trading of biomedical data products.On April 10th, the Hong Kong Monetary Authority (HKMA) announced that it will release the first batch of stablecoin licenses at 5 PM. Following the announcement, licensed stablecoin issuers will meet with the media. The HKMA completed the final review of the first batch of applications in mid-March 2026 and is currently in the official public announcement preparation stage. The HKMA received 36 applications, and plans to issue 2-3 licenses in the first batch, with stringent regulatory standards. In early February, HKMA Chief Executive Eddie Yue stated that the goal was to issue the first batch of stablecoin issuer licenses in Hong Kong in March of this year. He also emphasized, "The number of licenses issued in the first batch will definitely be small, with a focus on stability."April 10th - According to Morgan Stanley, after six weeks of dramatic volatility in commodity prices, golds traditional role as a portfolio risk management tool has been called into question. Morgan Stanleys metals and mining strategist, Amy Gower, stated, "Gold is currently behaving more like a risk asset than a safe-haven asset. Normally, it should be a diversification tool in a portfolio, but that hasnt happened yet." Gower acknowledged that golds weakness after the shock was "normal" as investors rushed for liquidity, but she pointed out that gold prices are increasingly influenced by the trading behavior of large holders such as central banks and ETFs.On April 10th, Jiangsu Yueda Automobile Group Co., Ltd. issued a statement saying that recent online rumors regarding "Chery Automobile taking over the HiPhi Yancheng plant" and "Chery is coming" have attracted widespread attention. "The statements in related media reports about Chery taking over the HiPhi plant are false information," Yueda Automobile Group stated. The company clarified that Yueda Kias first plant previously collaborated with Human Horizons Technology to produce HiPhi vehicles, and ownership has remained unchanged; there is no situation where it has been "taken over by Chery."

ETH and BTC Price Movement Determined by US Statistics and the NASDAQ

Daniel Rogers

Nov 04, 2022 17:36

截屏2022-11-04 上午11.21.34.png 

 

On Thursday, Bitcoin (BTC) and Ethereum (ETH) joined the larger market in the green. Despite Fed Chair Powell's hawkish speech on Wednesday, US economic indicators fell short of forecasts, alleviating Fed concern. The technical indications continue to be optimistic, indicating rising price movements. The price of Ethereum (ETH) increased by 0.86 percent on Thursday. ETH finished the day at $1,531, partially correcting a 3.80% drop from Wednesday.

 

Due to a rocky start to the day, ETH fell to a low of $1,515 early on. Avoiding the First Major Support Level (S1) at $1,475, ETH climbed to a morning high of $1,559. However, after falling short of the First Major Resistance Level (R1) at $1,593, ETH plummeted further below $1,530 before US economic indicators provided support.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Bitcoin (BTC) climbed by 0.29% on Thursday. BTC concluded the day at $20,223, partially reversing a loss of 1.63% from Wednesday. Notably, BTC broke a four-day losing trend by avoiding sub-$20,000 territory for the ninth consecutive day.

 

BTC reached a mid-morning high of $20,404 after a strong start to the day. BTC plummeted to a midday low of $20,052 after failing to surpass the First Major Resistance Level (R1) at $20,629 during the trading session. Despite avoiding the First Major Support Level (S1) at $19,900, BTC retested $20,356 before retreating.

 

US economic figures supported cryptocurrency prices, with the crucial ISM Non-Manufacturing PMI below expectations.

 

The ISM Non-Manufacturing PMI decreased from 56.7 to 54.4 in October. Economists anticipate a drop to 55.5.

 

The subcomponents of the Index were diverse. ISM's Non-Manufacturing Employment Index decreased from 53.0 to 49.1. The Prices Index increased from 68.7 to 70.7. The unit labor costs increased by 3.5% in Q3 compared to 8.9% in Q2.

 

While the statistics were favorable for cryptocurrencies, Fed Chair Powell's recent comments weighed on the NASDAQ Composite Index. The NASDAQ Composite Index declined by 1.73 percent on Thursday.

 

The US jobs report will have a significant impact on the NASDAQ Composite Index and the cryptocurrency market today. Due to the sensitivity of BTC and ETH to US economic statistics and the FED, the correlation with the NASDAQ Composite Index remains intact. The NASDAQ 100 Mini gained 17.75 points this morning.