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Israeli Prime Minister Netanyahu: We can attack Iran at any time.On September 3, the Iranian Foreign Ministry issued a statement on September 2, local time, strongly condemning the US military action against Iran. The statement said the US attacked multiple demilitarized zones, ports, communication facilities, and other civilian infrastructure in the provinces of Khuzestan, Sistan-Baluchistan, Hormozgan, and Kerman, causing casualties and property damage. The statement said that a US attack on a wedding in Sirik district of Hormozgan province resulted in the deaths and injuries of more than 70 Iranians, most of whom were women and children. The Iranian Foreign Ministry stated that the actions violated basic principles of international law and international humanitarian law. The statement indicated that the Iranian armed forces, in accordance with the right of self-defense under the UN Charter, carried out a "defensive and deterrent strike" against US military bases that served as the starting point and logistical support for the US attacks on Iran. Iran also urged regional countries to prevent the US from using its territory and airspace to conduct military operations against Iran and called on the UN Security Council and the UN Secretary-General to fulfill their responsibilities to prevent further escalation of the situation.Israeli Prime Minister Netanyahu: If Iran chooses to attack us, they know it will be one of their final decisions.Spokesperson for the UN Secretary-General: The Secretary-General is concerned about reports of casualties from the US attack on Iran.The Mayor of Moscow: Three more drones flying towards Moscow were shot down today. This brings the total number of destroyed drones to 28.

Crypto derivatives volumes surge to $3.12 trillion in July

Skylar Shaw

Aug 12, 2022 14:53

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According to researcher CryptoCompare, trade in cryptocurrency derivatives on centralized exchanges increased to $3.12 trillion in July, up 13% month over month, as cryptocurrency values begin to rebound from the recent market crisis.


According to CryptoCompare, the derivatives market now accounts for 69% of all crypto transactions, up from 66% in June, and helped drive total crypto volumes on exchanges to $4.51 trillion in July.


On July 29, derivatives exchanges transacted up to $245 billion, which is 9.7% greater than the $223 billion top daily high for June.


Spot cryptocurrency trade, however, dipped to $1.39 trillion in July, the lowest level since December 2020 and a monthly fall of 1.3%, according to CryptoCompare.


In May and June, the price of cryptocurrencies fell precipitously as investors fled riskier investments due to concerns about soaring inflation and Federal Reserve interest rate rises. Several cryptocurrency organizations have slashed staff after a significant pair of tokens collapsed, and other cryptocurrency lenders have frozen client withdrawals.


With bitcoin rising 17% in July, prices have somewhat recovered. It is still a long way from its record high of $69,000 in November, which it reached at roughly $24,300.


Since there is no U.S. Federal Reserve meeting in August, CryptoCompare said, "the jump in futures trading volume signals an increase in speculative activity as traders feel there is opportunity for more upside in current rally."


According to CryptoCompare, traders are also making predictions on the impending Ethereum merge, which is a network update anticipated for September.


Since its $880 low in June, ether has increased to over $1,900.


According to CryptoCompare, BinanceUSD, a stablecoin released by the cryptocurrency exchange Binance, gained popularity in July as spot volumes for transactions between bitcoin and BinanceUSD for the first time surpassed those between bitcoin and dollars.


With a 54% market share, Binance continued to dominate the exchange landscape, while Atom Asset Exchange (AAX), which saw its volume increase by 26.5% in July, moved into second place.


Trading volumes more than half in the second quarter of 2022, according to a data released on Tuesday by American exchange Coinbase.

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