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On June 22, WeRide (WRD.O), Geely Remote, and Kwoon Chung Bus Group signed a strategic cooperation agreement at the 2026 International Automotive & Supply Chain Expo (Hong Kong). The three parties will jointly develop native mass-produced Robotaxi models for the right-hand drive market based on the existing pre-installed mass-production Robotaxi GXR platform, and will promote the commercialization of Robotaxi mobility services in the right-hand drive market, starting in Hong Kong.June 22 – The Hong Kong Stock Exchange (HKEX) announced today that it is optimizing client margin requirements for its derivatives clearinghouse to improve capital efficiency, reduce financing costs for market participants, and support the long-term development of Hong Kongs derivatives market. Under the revised arrangement, the client margin multiplier and client maintenance margin requirements will be adjusted in two phases to ensure a smooth transition and adequate market preparation. The first phase is scheduled to be implemented on September 21, 2026, and the second phase, subject to regulatory approval, is expected to be implemented in March 2027.On June 22, the Peoples Bank of China released its May financial market operation report. In May 2026, net financing of government bonds was 1,223.55 billion yuan, a decrease of 234.98 billion yuan year-on-year; net financing of corporate bonds was 168.04 billion yuan, an increase of 18.39 billion yuan year-on-year. At the end of May 2026, the outstanding balance of bonds in custody in the bond market was 202.6 trillion yuan. In May 2026, the turnover of the spot bond market was 36.7 trillion yuan, an increase of 8.8% year-on-year; the turnover rate of spot bonds in the interbank bond market was 18.0%, a decrease of 3.9 percentage points month-on-month; the bid-ask spread for active 10-year Treasury bonds was 0.27 basis points. At the end of May 2026, the yield on 10-year Treasury bonds was 1.71%; the yield spread between 10-year and 1-year Treasury bonds was 55 basis points, narrowing by 3 basis points month-on-month.June 22 – Asian crude oil imports are expected to recover to pre-Iranian conflict levels, but refined product supplies remain constrained, and this supply tightness will be reflected in prices. According to data compiled by shipping intelligence firm Kpler, Asia is projected to import approximately 22.18 million barrels per day (bpd) of crude oil in June, compared to 20.35 million bpd in May. June imports are still below the average of 26.76 million bpd in the three months prior to the US-Israel attacks on Iran on February 28. However, this figure is significantly higher than the eight-year low of 18.77 million bpd in April, the month when the effects of Irans effective closure of the Strait of Hormuz during the conflict were most severe. Furthermore, the pre-conflict situation where approximately 20% of global crude oil and refined product shipments transited the Strait of Hormuz is likely to resume, which would allow more oil to arrive in Asia in July.The Russian Ministry of Defense stated that in the past 24 hours, Russian armed forces attacked oil refining facilities in Ukraine, as well as fuel, energy, and transportation infrastructure.

Crypto Market Daily Highlights – XRP Bucks the Top Ten Trend

Cory Russell

Sep 26, 2022 14:31

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The crypto top 10 had a choppy Sunday session. SOL and DOGE led the way down, but XRP defied the top ten trend. BTC missed the $20,000 mark for the sixth session in a row and finished the day below $19,000 for the fourth time this week.


There were no cryptocurrency news headlines to affect the mood of investors on Sunday. The cryptocurrency market broke away from the NASDAQ 100 on Thursday and Friday, surging for two straight days. A gloomy weekend, however, persisted as investor resiliency was put to the test by concerns about Fed monetary policy and the future for the economy.


However, the NASDAQ 100 Mini fell 34 points this morning, while the market capitalization of cryptocurrencies increased by $1.12 billion (0.13%).

Crypto Market Declines for a Second Week in a Row to Under $900 billion

The crypto market value on Sunday increased to a peak of $908.1 billion in the middle of the afternoon before falling to a low of $875.9 billion. The crypto market cap fell by $7.6 billion to $885.9 billion for the day despite a late partial comeback.


The crypto market worth decreased by $9.51 billion throughout the course of the week, bringing September's market cap to a $72 billion loss.

The Top Ten and Beyond Crypto Market Movers and Shakers

The crypto top 10 had a choppy Sunday session.


XRP defied the trend among the top 10, increasing by 0.50%. For the remaining top ten, it was a bearish session, nevertheless.


DOGE and SOL led the way down, falling 3.09% and 3.16%, respectively.


BTC (-0.62%), BNB (-0.18%), ADA (-1.11%), and ETH (-1.72%) also saw declines.


It was a mixed session for the top 100 coins on CoinMarketCap.


With a gain of 5.59%, ApeCoin (APE) took the lead, followed by Chainlink (LINK) and Maker (MKR), which each saw gains of 3.21% and 4.59%.


Ravencoin (RVN), however, dropped by 7.10% to take the lead in the downward trend, followed by Terra Classic (LUNC) and Lido DAO (LDO), which all suffered losses of 6.34%.


In a bearish session, 24-Hour Crypto Liquidations eked out a little gain.


Despite the crypto market declining for a second straight session, overall liquidations increased over the course of a day on Sunday but remained modest.


The 24-hour liquidations total was $74.63 million at the time of writing, up from $63.12 million on Sunday morning.


Liquidated traders have surged during the last 24 hours as well. As of the time of writing, there were 34,027 liquidated traders as opposed to 27,917 on Sunday morning.


Additionally, liquidations were up over the previous four hours but down over the previous hour and 12 hours.