EUR/USD 1.15307
-0.010%
Gold 4066.72
-0.257%
Oil 74.257
-0.100%
USD/JPY 157.765
0.014%
GBP/USD 1.34495
-0.016%
GBP/JPY 212.191
0.008%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 5th, AMD (AMD.O) shares fell nearly 9% in after-hours trading after its revenue outlook fell short of some investors expectations. Its not uncommon for AMDs stock to decline even after reporting positive results. In recent years, even when the company exceeds Wall Street expectations, the market reaction to its earnings reports has often been negative. AMD expects third-quarter revenue of $13 billion, plus or minus $300 million. While analysts average expectation is $12.5 billion, according to data compiled by Bloomberg, some Wall Street expectations are much higher than $13 billion. The market reaction suggests that the company needs to demonstrate faster growth to justify its valuation. The chipmakers stock has more than doubled this year—far exceeding the broader market gain—as AMD has become a major challenger to Nvidia in the AI processor field. In a conference call, CEO Lisa Su told analysts that the company expects data center revenue to more than double by 2027. She also said that in the longer term, the company is on track to exceed its previous targets of 35% annual revenue growth and $20 per share earnings.U.S. Treasury Secretary Bessant: With energy prices falling, we are no longer facing excessive depreciation of the yen, which will help reduce inflation and allow the yen to enter a virtuous cycle.August 5th - According to US media reports on the 4th, the US government has revoked the visa of the Brazilian ambassador to the US in retaliation for Brazils refusal last month to issue visas to two US State Department officials and its delay in accepting President Trumps nominee for ambassador to Brazil. The Associated Press, citing a State Department official, reported that this move was a reciprocal response to Brazils actions. The US government had repeatedly delayed taking action, giving Brazilian President Lula room to maneuver, but Lula did not change his position. If Brazil takes appropriate action and accepts the US ambassador nominee, the US can quickly withdraw the measure.The documents show that Berkshire Hathaway sold 182,980 shares of DeWitt stock at an average price of $199.55 per share, and still holds approximately 28.7 million shares of DeWitt stock.August 5th - According to the Financial Times, the Trump administration has paid out approximately $100 billion in tariff refunds since the U.S. Supreme Court ruled that its use of emergency powers to impose tariffs on trading partners was invalid. U.S. Customs officials reported to a judge at the U.S. Court of International Trade on Tuesday that this amount represents 60% of the $165 billion collected under the presidents "Liberation Day" tariffs.

Indian Exchange Volumes Benefiting from Bitcoin Price Drop

Cory Russell

May 12, 2022 10:09

微信截图_20220512095859.png


Bitcoin's anticipated fall from grace in recent days was a phenomenon that surprised investors and dealers. However, this was a happy moment for Indian crypto exchange operators, as trading volumes increased dramatically once BTC's price retested the lower $29,000 zone.

Indian Stock Exchange Volumes Increase

Following a dry period, trade volumes on Indian crypto platforms increased. For the most of this year, Bitcoin and other altcoins experienced a range bound price movement, and Indian crypto exchange volumes were similarly modest.


As bitcoin's price fell by more than 56% from its all-time high of $69,000 in November 2021, transaction volumes increased throughout marketplaces as a result of the selling pressure.


According to accounts from local news organizations, the increase in volumes in India was enormous and lasted almost two days. Trade volumes on crypto trading platforms including WazirX, CoinDCX, and Unocoin increased by 20 to 75 percent.


"Overall volumes increased by 70% between May 8 and 9," stated Nischal Shetty, Co-founder and CEO of WazirX, in an interview. In terms of trading, there is a mood of 'buying the drop,' as buyers have been somewhat controlling the market."


He went on to say that such purchasing activity shows that investor confidence in the market is still high, even at current levels.

India's Web3 Developments Increasing My Pace

According to a recent research, the number of Web3 developers reporting their locations climbed the highest in India and Russia, respectively, increasing to 5.3 percent and 4.3 percent of the market share. The United States, on the other hand, has lost over 20% of its market share since 2015.


With the emergence of Web3 and blockchain development in the Indian subcontinent, an increase in trading volumes amid a wider market fall indicates market players' trust. This meant that Indians succumbed to the "buy the dip" mentality.


"Volatility usually leads to a rise in volume on platforms like ours," said Minal Thukral, Executive Vice President, Growth and Strategy at CoinDCX. We're witnessing an increase in the number of people purchasing the dip and a decrease in the number of users selling it."


However, since the new tax policy took effect on April 1, trade volumes on Indian crypto exchanges have decreased. However, it seems that Indians are increasingly taking greater risks, indicating a growing interest in hazardous asset investments in the country.

Suggestion