• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 22, the Colombian National Disaster Risk Management Agency issued an updated disaster report stating that the strong earthquake that struck the country recently has caused 329 deaths, 4,600 injuries, and 247 missing persons, with 364 people rescued. According to the China Earthquake Networks Center, a magnitude 7.5 earthquake struck northwestern Colombia on the evening of August 10 (morning of August 10 local time), with a focal depth of 80 kilometers. Thirty-two cities across Colombia were severely affected.August 22nd - The APEC Customs and Business Dialogue concluded yesterday (August 21st). Reporters learned at the dialogue that Chinese customs has signed six bilateral agreements with relevant departments of several APEC economies, including Chile and South Korea, covering imported agricultural and food products such as instant noodles containing meat and fresh fruits.On August 22nd, experts stated that the price increase of domestically produced large-scale models is a correction to the long-standing inversion of inference computing power costs. In the short term, this is more like a recalibration of price and value. However, if manufacturers only raise prices without keeping up with stability and other aspects, users will vote with their feet, as the cost of replacing models is decreasing. Going forward, it is necessary to continuously monitor the dual verification of the price increase strategy: firstly, whether manufacturers have matched the price increase with new model capabilities, rather than simply raising the price of old models; secondly, it is necessary to pay attention to where the increased revenue is used, whether it has been used for computing power expansion and service capability building.On August 22, the Russian Ministry of Defense reported that on August 21, Russian forces continued their strikes against ports and vessels serving the interests of the Ukrainian Armed Forces. The report stated that Russian drones struck a military warehouse in the port of Leny; a Ukrainian naval patrol boat in the port of Chernomorsk; and port infrastructure used for storing military supplies in a southern port. Additionally, Russian forces seized control of a settlement in the Donetsk region. Ukrainian President Zelenskyy posted on social media on August 21 that Ukrainian forces launched long-range strikes in the early hours of the day, hitting two important Russian targets: an oil refinery and a military airfield. Ukraine also stated that it had achieved results on the Black Sea front, but did not disclose specific targets or the extent of damage.According to the New York Times, Anthropic may be planning to raise $100 billion in its initial public offering.

Crypto Market Daily Highlights: The NASDAQ Sends the Market South

Skylar Shaw

Jan 31, 2023 16:23

微信截图_20230131102835.png


The top ten cryptocurrency index had a gloomy session on Sunday. SOL blazed a trail below. For the first time in six sessions, BTC finished the day below $23,000.


On Monday, FTX Court updates were less frequent. Fed anxiety grabbed the global financial markets after momentarily divorcing from the NASDAQ Index, driving both the NASDAQ Index and the cryptocurrency market into the red.


Although tomorrow's 25-basis point Fed interest rate rise is the market's bet, concerns over Fed Chair Powell's future guidance weighed. Although US inflation may have decreased, the job market is still quite tight.


The US unemployment rate is at 3.5%, significantly below the Fed's 5% mandate, giving the Fed space to raise rates for a longer period of time.


The NASDAQ Index fell by 1.96% on Monday. Tech stocks were under pressure ahead of a major earnings week, with results being released this week from Apple (AAPL), Amazon.com (AMZN), and Alphabet Inc. (GOOGL), as Fed uncertainty gripped the market. Optimistic forecasts and a hawkish Fed would be pessimistic. The NASDAQ mini gained 26 points this morning.


Today's NASDAQ and larger crypto market will be influenced by US economic statistics and public opinion of the Fed. Investors should keep an eye on the cryptocurrency news wires, however, for any developments on FTX, Genesis, the SEC v. Ripple lawsuit, and other events that could affect the market.