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The Iranian Foreign Ministry stated that negotiations are progressing through mediators, and an announcement will be made when the conditions for initiating talks are met.June 20 – According to the Iranian Students News Agency, the deputy head of international affairs at the Iranian Judicial Centers Lawyers Center stated: "Those claiming that Iran is not qualified to levy service fees on the Straits typically cite the 1982 United Nations Convention on the Law of the Sea (UNCLOS). However, Iran is not a member state of UNCLOS and therefore is not bound by the transit regime stipulated in the Convention. In international maritime law, charging fees for actual and clearly defined services is a recognized legal practice. Iran can charge fees for the services it provides, provided that the fees are consideration for the services provided and not simply taxes or tolls."June 20th - Several European countries have recently experienced high temperatures. The French meteorological service announced on the 19th that starting from the 20th, the number of provinces under an orange heatwave warning will increase to 60, representing approximately two-thirds of all French provinces.On June 20th, the Russian Ministry of Defense released a weekly combat report showing that from June 13th to 19th, the Russian military carried out multiple large-scale strikes against targets including Ukrainian defense industrial complexes, fuel and energy facilities, transportation and port facilities used by the Ukrainian military, and Ukrainian military airfields. In addition, Russian air defense systems shot down a total of 3,909 Ukrainian fixed-wing drones.According to RIA Novosti, Slovakia will meet most of its natural gas needs through supplies from Russia.

Crypto Market Daily Highlights - ETH Extends Winning Streak to Eight

Daniel Rogers

Jan 16, 2023 10:52

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The top ten cryptocurrencies had a mixed Sunday session, with ETH bucking the trend while the larger market ended a seven-day losing streak. Profit-taking and regulatory risk contributed to a turbulent Sunday session. The crypto market cap declined by $0.881 billion to close the day at $938.70 billion. It was a mixed afternoon for the crypto top 10 on Sunday. ETH bucked the top ten trend. Notably, BTC revisited $21,000 for the second time since November 7 and the bankruptcy of FTX.

 

On Sunday, neither external market forces nor crypto market catalysts contributed to the eight-session winning streak. With the US markets closed today, profit-taking left the larger crypto market with a small loss.

 

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Regulatory risk almost certainly contributed to the decline. On Thursday, US politicians were back in the spotlight. Reportedly, House Republicans intend to form a Subcommittee to oversee the digital asset market.

 

The disclosure coincides with the SEC bringing accusations against Genesis and Gemini for the unregistered offer and sale of crypto asset securities through the Gemini Earn lending program.

 

There are currently no US economic indicators for investors to evaluate. The lack of statistics will leave the crypto market to the discretion of crypto news outlets and FOMC member talk. Regulatory noise and hawkish FOMC member rhetoric may test current buyer appetite.

 

This week, US business earnings, economic indicators, and FOMC member talk will likely affect investor sentiment, as measured by the NASDAQ Index. Bets on a 25-basis-point Fed rate hike and a decline in FTX contagion risk continue to support the crypto market.