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December 9th - It was learned today that the State Administration for Market Regulation (National Standardization Administration) has approved and released two mandatory national standards: "Requirements for Real-Name Registration and Activation of Civil Unmanned Aerial Vehicles" and "Specifications for System Operation Identification of Civil Unmanned Aerial Vehicles." Both standards will officially come into effect on May 1, 2026. The implementation of these two mandatory national standards will technically resolve issues such as "who can fly" and "who is flying" drones, supporting the effective implementation of the "Interim Regulations on the Flight Management of Unmanned Aerial Vehicles" and providing important guarantees for the safe and orderly development of the drone industry.The U.S. NFIB Small Business Confidence Index for November was 99, compared to 98.2 in the previous month.Ukraines state-owned oil and gas company, Naftogaz, said Russian drones attacked its gas infrastructure.On December 9th, Capital Economics economists noted in a report that Indias economic growth may slow, but it is still expected to continue leading the world. Following strong growth in 2025, it may face a slowdown in 2026 and 2027 due to the impact of high US tariffs. However, tariff rates may be reduced, and the situation could change rapidly. Regardless, policymakers have taken measures to buffer the impact on the overall economy. Furthermore, the current account deficit remains at a sustainable level, with household consumption and public investment providing strong support. Capital Economics projects Indias GDP growth at 7.5% in 2025, and 6.5% in both 2026 and 2027, potentially surpassing Japan in 2027 to become the worlds fourth-largest economy.Nvidia (NVDA.O) shares narrowed their pre-market gains to 0.6%, after rising more than 2% earlier.

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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