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The SC crude oil futures contract surged 6.00% intraday, currently trading at 799.20 yuan per barrel.The yield on Japans 30-year government bonds rose 3.5 basis points to 3.540%.March 16th - According to data from the National Bureau of Statistics, the average urban surveyed unemployment rate nationwide was 5.3% in January and February, unchanged from the same period last year. In February, the national urban surveyed unemployment rate was 5.3%, up 0.1 percentage points from the previous month. The surveyed unemployment rate for local registered laborers was 5.4%; the surveyed unemployment rate for migrant workers was 5.0%, with the surveyed unemployment rate for migrant agricultural workers at 5.2%. The urban surveyed unemployment rate in 31 major cities was 5.1%. The average weekly working hours for employees in enterprises nationwide was 48.1 hours.March 16th - According to data from the National Bureau of Statistics, in January and February, funds available to real estate development enterprises totaled 1.3047 trillion yuan, a year-on-year decrease of 16.5%. Specifically, domestic loans amounted to 257 billion yuan, down 13.9%; self-raised funds totaled 493.9 billion yuan, down 5.9%; deposits and advance payments totaled 358.9 billion yuan, down 21.5%; and personal mortgage loans totaled 112.8 billion yuan, down 41.9%.According to the National Bureau of Statistics, in January and February, the sales area of newly built commercial housing was 92.93 million square meters, a year-on-year decrease of 13.5%, with the decline widening by 4.8 percentage points compared to the previous year; among which, the sales area of residential housing decreased by 15.9%. The sales value of newly built commercial housing was 818.6 billion yuan, a decrease of 20.2%, with the decline widening by 7.6 percentage points; among which, the sales value of residential housing decreased by 21.8%.

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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