EUR/USD 1.16497
-0.021%
Gold 4604.77
0.224%
Oil 81.896
0.570%
USD/JPY 159.259
-0.022%
GBP/USD 1.35949
-0.010%
GBP/JPY 216.498
-0.042%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 28th, U.S. mortgage rates rose for the first time in three weeks, further squeezing housing affordability amid a weakening housing market. Freddie Mac data showed that the average rate for a 30-year fixed mortgage rose slightly to 6.66% from 6.65% the previous week, up from 6.56% a year ago. The U.S. housing market has remained sluggish this year. Mortgage rates briefly fell below 6% before the outbreak of the Middle East conflict at the end of February, but have remained above 6.5% since July, with little sign of a decline in financing costs. Thomas Ryan, senior economist for North America at Capital Economics, said, "High interest rates are still keeping the market in a stalemate." He added that if rates eventually fall to around 5%, pent-up demand could be significantly released, but it is unclear in the short term what factors could drive rates down to that level. U.S. new home sales fell to a six-month low in July, with pending sales of newly built single-family homes declining 10.5% to an annualized rate of 607,000 units, below market expectations of 620,000 units.August 28 - According to data released by Nepalese police on the 27th, as of 9 p.m. local time on the 27th, the death toll from flash floods in northern Nepal has risen to 389.Fannie Mae: The average yield on 30-year fixed-rate mortgages in the U.S. was 6.66% in the week ending August 27, up from 6.65% the previous week.The Russian Ministry of Defense stated that the Russian Armed Forces continue to conduct concentrated strikes against military industrial facilities, logistics centers, seaports, and ships serving the Ukrainian Armed Forces.Russian Defense Ministry: Russian troops attacked an oil tanker in the port of Izmail.

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