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July 5th - OPEC+, comprised of OPEC and other oil-producing nations, will hold its monthly meeting later today. An informed source indicated that OPEC+ has agreed in principle to increase crude oil production quotas by 188,000 barrels per day in August. Two other sources stated that this increase is the most likely decision.July 5th - The Malian military reported on the 4th that military positions in multiple locations across Mali were subjected to a new round of coordinated attacks by armed groups. The military successfully repelled all attacks, and the attacked positions remain under its "complete control." The report stated that these attacks occurred in Agailok, Anefisse, Gao in northern Mali, and Sevare in central Mali. A local official in Gao said that before dawn on the 4th, militants launched a fierce attack on military camps with guns and rockets. A local resident said, "This morning, no one can leave their homes... The Malian armed forces have blocked all the streets. The gunfire was so intense, it felt like the roofs were about to collapse."July 5th - According to Israeli sources on the 5th local time, Israeli Transportation Minister Miri Regev confirmed that Israel deployed an Iron Dome air defense system to the United Arab Emirates in the early stages of the US-Israel-Iran conflict. This marks the first time the Iron Dome has been deployed to a country outside of Israel and the United States. Reportedly, this is the first time an Israeli government official has publicly acknowledged deploying the Iron Dome system to the UAE. Previously, related reports had been confirmed by US officials.OPEC+ sources: OPEC+ has agreed in principle to increase its oil production target by 188,000 barrels per day starting in August.On July 5th, at the 2026 Global Digital Economy Conference Results Release Conference, Lu Ya, Vice President of the Beijing Academy of Social Sciences, released the "Beijing Digital Economy Development Report (2025-2026)" blue book. The report shows that in 2025, Beijings digital economy added value exceeded 2.4 trillion yuan, a year-on-year increase of 8.7%, accounting for 46.4% of GDP. It ranked second in the global digital economy benchmark city index evaluation, with a development index value of 0.770, firmly maintaining its position as a "global leading city." Lu Ya introduced that Beijings status as the "No. 1 city for artificial intelligence" continues to be consolidated. In 2025, the core artificial intelligence industry scale reached approximately 450 billion yuan, attracting over 2,500 related enterprises. As of April 2026, 225 large-scale models had been registered. Innovation and industry application of large-scale models are accelerating in both directions, rapidly empowering industrial upgrading, technological innovation, and public services. The market-oriented reform of data elements is being deepened, and breakthroughs have been achieved in the construction of "one zone and three centers." The on-exchange transaction volume of the Beijing International Big Data Exchange increased by 150% year-on-year, and the circulation of trusted data space is deepening around key areas such as healthcare and audiovisual media.

XRP Bears Eye a First Visit to Sub-$0.36 Since January on G20 Updates

Cory Russell

Feb 27, 2023 16:02


XRP lost 0.13% of its value on Saturday. XRP finished the day at $0.37786 after losing 2.57% on Friday. XRP fell shy of the $0.38 mark for the second time since January 11 due to the negative session.


The price of XRP rose to a mid-morning peak of $0.37930 during a range-bound morning before reversing. A late bottom of $0.36944 was reached by XRP as it failed to reach the First Significant Resistance Line (R1) at $0.3884. After momentarily breaching the First Significant Support Line (S1) at $0.3705, XRP finished the day at $0.37786.

Bank Anxiety and G20 Reports Decrease Bitcoin Lacking $0.38

Riskier assets have been impacted as a result of Fed dread being rekindled and US economic data from Friday. A rise in US inflation increased predictions of a more active Fed interest rate route to achieve the goal inflation rate. A 50-basis point rate increase is once again on the agenda thanks to the most recent US statistics.


Buyer mood has been put to the test by growing regulation action and legislator comments on cryptocurrencies. The G20 called for a complete worldwide regulation structure on cryptocurrencies on Saturday. Even urging the G20 to contemplate outlawing cryptocurrencies, the IMF.


On the other hand, US Treasury Secretary Janet Yellen shot down the notion of a crypto prohibition, stating, "We haven't proposed explicit outlawing of crypto operations, but it is essential to put in place a robust regulation structure. We collaborate with other countries.


The market found some solace in Yellen's remarks. A G20 decision to outlaw cryptocurrencies would be disastrous for the industry's growth and market.