EUR/USD 1.15992
-0.037%
Gold 4571.19
2.321%
Oil 87.825
0.091%
USD/JPY 158.915
0.098%
GBP/USD 1.33952
-0.097%
GBP/JPY 212.876
0.001%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
CSPC Pharmaceutical Group (01093.HK): Net profit of RMB 3.88 billion, compared with an estimated RMB 4.87 billion, a year-on-year decrease of 10.3%.CSPC Pharmaceutical Group (01093.HK): Full-year revenue for 2025 is expected to be RMB 26.01 billion, with an estimated RMB 27.82 billion.March 25th - Overnight, the three major US stock indices fluctuated and adjusted, while the China Golden Dragon Index fell slightly. Hong Kong stocks continued yesterdays upward trend, with the Hang Seng Index rising over 300 points at one point, driven by strong performance from blue-chip stocks. The Hang Seng Index opened 216 points higher at 25280, filling all the gaps from Mondays decline and rising above its annual moving average. The market rallied strongly in the early session, rising as much as 326 points to a high of 25390, but selling pressure increased subsequently, and gains narrowed significantly near midday. By midday close, the Hang Seng Index was up slightly by 0.04% in the morning session, while the Hang Seng Tech Index closed down 0.48%, with a total turnover of HK$151.29 billion. On the sector front, optical communication, electronic components, and green electricity concept stocks led the gains, while film and television and agricultural stocks rebounded, and precious metals and non-alcoholic beverage stocks continued yesterdays strong performance. New consumption concept stocks fluctuated and retreated, while gaming and auto stocks fell sharply, oil and gas production and coal stocks corrected, and tech stocks were weak. In terms of individual stocks, Nongfu Spring (09633.HK) rose 8.7%, WH Group (00288.HK) rose 5.5%, and Techtronic Industries (00669.HK) rose more than 4%; Haidilao (06862.HK) fell more than 10%, and CNOOC (00883.HK) and Xiaomi Group (01810.HK) both fell more than 3%.On March 25th, Christopher Wang, a strategist at OCBC Bank in Singapore, stated that safe-haven demand for gold is resurfacing due to expectations of a de-escalation of the Middle East conflict and a weakening of the US dollar. This further demonstrates that gold has not lost its appeal as a safe-haven asset. It had previously been squeezed out of the market by the dollar, but that pressure is now easing. In the short term, gold prices may continue to be influenced by expectations of the Federal Reserves policy path, the dollars performance, and changes in the geopolitical situation. However, this rebound suggests that price declines may still find support unless real yields rise significantly.On March 25th, Tencent announced the official launch of the PC version of its AI-native application, Yuanbao, called "Yuanbao Pai." In the large-screen environment of the PC, users can participate in screen sharing while chatting and interacting with other users or Yuanbao in a separate window. The PC version of Yuanbao Pai also supports multi-device message synchronization, drag-and-drop file transfer, screenshots, and other functions, allowing users to complete information flow within the PC version.

Crypto derivatives volumes surge to $3.12 trillion in July

Skylar Shaw

Aug 12, 2022 14:53

微信截图_20220812144851.png


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.

Suggestion