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February 26th - According to statistics and analysis from the China Association of Automobile Manufacturers, in January 2026, Chinese brand passenger vehicles sold a total of 1.329 million units, a decrease of 32.1% month-on-month and 8.9% year-on-year, accounting for 66.9% of total passenger vehicle sales, a decrease of 1.5 percentage points compared to the same period last year.Irans proposed nuclear deal included "symbolic nuclear enrichment" within Iran for research purposes, despite the United States demanding that Iran abandon all nuclear enrichment activities.Hong Kong-listed tech stocks fluctuated and weakened, with Kuaishou (01024.HK) and Baidu (09888.HK) falling by more than 3%, Alibaba (09988.HK) falling by more than 2%, and Meituan (03690.HK) and NetEase-S (09999.HK) following suit.February 26 - Shell is in talks with several companies, including a subsidiary of Abu Dhabi National Oil Company (ADNOC), to sell a minority stake in its A$34 billion (approximately US$24 billion) Northwest Shelf gas export project in Western Australia, sources familiar with the matter revealed. According to the sources, discussions with bidders such as XRG, an investment arm of ADNOC, and Midocean Energy, in which Saudi Aramco has a stake, are currently in the preliminary stages. Other potential buyers are also monitoring the situation. Shell has been increasing its investment in liquefied natural gas (LNG). However, media reports last September indicated that Shell would explore selling its 16.67% stake in the Northwest Shelf project due to plans to convert the facility into a so-called third-party processing plant. A spokesperson stated that Shell regularly assesses its portfolio to support prudent capital allocation. "We continue to work closely with our Northwest Shelf project partners to create value, maximize future performance, and meet customer needs."According to futures news on February 26th, as of the week ending February 21st, Japanese commercial crude oil inventories increased by 580,487 kiloliters from the previous week to 10,292,946 kiloliters. Japanese gasoline inventories decreased by 48,567 kiloliters from the previous week to 1,657,984 kiloliters. Japanese kerosene inventories decreased by 74,737 kiloliters from the previous week to 1,380,684 kiloliters. The average operating rate of Japanese refineries was 90.5%, compared to 89.0% the previous week.

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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