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February 4th - According to Sensor Towers store intelligence platform, 36 Chinese companies were among the top 100 global mobile game publishers in terms of revenue in January 2026, generating a total of $2.18 billion, accounting for 37.8% of the total revenue of the top 100 global mobile game publishers in that period. Tencent, thanks to the strong performance of its flagship products such as "Honor of Kings" and "Peacekeeper Elite," saw its mobile game revenue increase by 43% month-on-month, firmly retaining its title as the worlds highest-grossing mobile game publisher.On February 4th, Lazard CEO Peter Orszag stated at the "Wall Street Journal Invest Live" event that the Federal Reserve may not have cut interest rates at the end of last year. While the market generally believes inflation is declining, he expects inflation to unexpectedly rise this year. He added that artificial intelligence and high-income consumers could boost US economic growth, describing this momentum as "fragile but strong." He also pointed out that most of the impact of tariffs has not yet materialized, which could also push up inflation. He believes the Fed has fallen behind the curve and should not have cut rates at the end of last year. "If we are right," he said, "all of this has only further exacerbated inflation, led to further depreciation of the dollar, and steepened the yield curve."February 4th - During Asian trading hours, the Singapore dollar remained range-bound against the US dollar, but the prospect of the Federal Reserve maintaining high interest rates for an extended period could put pressure on it. Analysts at CIMBs Treasury and Markets Research Department noted in a report that given persistently high inflation, both Federal Reserve Governor Bowman and Richmond Fed President Barkin have signaled that further rate cuts may take longer. The analysts also mentioned that Barkin believes the Feds recent rate cuts have helped support the US labor market. FactSet data shows the US dollar was little changed against the Singapore dollar, trading at 1.2698.Goldman Sachs: Judging from the timing, most of the price fluctuations in January were driven by Western capital flows.On February 4th, Han Wenxiu, Deputy Director of the Central Financial and Economic Affairs Commission and Director of the Central Rural Work Leading Group Office, stated at a press conference held by the State Council Information Office that this years No. 1 Central Document makes specific arrangements for "implementing normalized and targeted poverty alleviation," and various supporting policies are being formulated and issued. Han Wenxiu stated that incorporating normalized poverty alleviation into the overall implementation of the rural revitalization strategy requires focusing on dynamic management of assistance recipients, ensuring precise and efficient assistance methods, stratifying assistance regions, and maintaining overall stability in assistance policies. Han Wenxiu emphasized that assistance policies must remain generally stable, avoiding abrupt changes or halts in fiscal investment, financial support, and resource allocation, and maintaining the stability of the scale of normalized central government assistance funds and the scale of provincial and municipal government investments.

Crypto Market Daily Highlights: BTC Delivered Market Support

Skylar Shaw

Mar 06, 2023 17:01

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The bitcoin top ten had a varied practice on Sunday. XRP, BNB, and ETH suffered, while MATIC topped the list of ten. In spite of the positive session, Bitcoin missed $23,000 for the second day in a row.


On Sunday, there were no crypto-related activities to divert buyers. Dip purchasers were forced to come back from the periphery by the dearth of events. The market, however, remained range-bound and only made moderate gains as a result of investor apprehensions regarding Silvergate Bank and attitudes toward increasing legislative and regulatory surveillance.


Investors now face regulation ambiguity and greater governmental inspection, which was made easier by the reduction in Fed Fear. The G20 is attempting to implement regulation changes to fight unethical crypto practices and reduce the dangers cryptos pose to financial security in response to the fall of FTX, which has given the anti-crypto side of the debate a stronger position.


The cryptocurrency marketplaces will have a hectic week this week. With the "first-ever Senate session centered on the pressing need to clamp down on the increasing environmental effects of crypto mining," Bitcoin mining will be a heated subject on Capitol Hill on Tuesday.


We anticipate learning more about FTX, Silvergate Bank, and Binance. A message to CEO CZ from US legislators last week specifically mentioned Binance. According to the letter, the site helped crooks and sanction evaders receive over $10 billion in funds.


Investors will discreetly hope that Ripple makes excellent headway in the current SEC v. Ripple lawsuit despite the increased monitoring. A win for Ripple might relieve pressure on the cryptocurrency market, especially if the Hinman Papers become public knowledge.


Investor attention will continue to be focused on the Day Ahead Binance, FTX, and Silvergate Bank reports, as well as regulation action and US legislator talk.


Prior to Fed Chief Powell's statement on Tuesday and Wednesday, investors should pay attention to what the FOMC members are saying. A bullish shift would hurt the NASDAQ Composite Index and strengthen the hands of the cryptocurrency investors. This morning, the NASDAQ mini was down 20 points.