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On December 15th, Seres Group issued a statement regarding its active response to the "Guidelines for Compliance of Pricing Behavior in the Automotive Industry." Recently, the State Administration for Market Regulation drafted the "Guidelines for Compliance of Pricing Behavior in the Automotive Industry (Draft for Public Comment)" (hereinafter referred to as the "Guidelines") and publicly solicited opinions. The Guidelines are important guidelines for regulating pricing behavior in the automotive industry, maintaining a fair competitive environment, and promoting high-quality development in the automotive industry. Seres has always adhered to the principle that legality and compliance are the red line for enterprises, and this red line must not be crossed. Seres will fully support and respond to the requirements of the Guidelines, improve its price compliance management system, and regulate pricing behavior management across the entire chain, from product pricing, dealer management, and sales promotion. It will strictly prohibit practices such as cost inversion, false marketing, and ambiguous pricing, adhere to the principle of fair competition, and maintain a healthy and orderly development environment for the automotive industry.EU High Representative for Foreign Affairs and Security Policy Karas: Security guarantees for Ukraine must be in the form of real troops and real capabilities.EU High Representative for Foreign Affairs and Security Policy Karas: The EU has delivered 2 million artillery shells to Ukraine this year.On December 15th, Futures News reported that the main platinum futures contract on the Guangzhou Futures Exchange hit its daily limit, rising 7.00% to 482.4 yuan/gram, marking its first time hitting the daily limit since its listing.December 15th - According to Nikkei, the Bank of Japan (BOJ) will hold a monetary policy meeting on December 18-19, and is currently in the final coordination stage to raise the current policy rate of 0.5%. The most likely scenario is a 25 basis point increase to 0.75%, reaching the highest interest rate level in 30 years since 1995. BOJ Governor Kazuo Ueda and other senior officials have hinted at submitting a rate hike proposal. Surveys indicate that more than half of the nine policy board members, including the governor and deputy governors, are expected to support the rate hike. Currently, no policy board member has explicitly stated their opposition to the rate hike, and there is widespread approval within the Japanese government. The BOJ will make its final decision after assessing whether there will be market turmoil such as a stock market crash or a sharp appreciation of the yen. If the rate hike is implemented on Friday, it will be the first increase in the BOJs policy rate in 11 months since January 2025.

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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