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On February 6, the Shanghai Headquarters of the Peoples Bank of China held the 2026 Shanghai Cross-border RMB Business Work Conference. The conference emphasized four key points: First, adhere to the principle of prioritizing the local currency, continuously improve the facilitation of cross-border RMB settlement, facilitate the use of RMB for pricing and settlement in various cross-border trade and investment, and enhance the international currency functions of RMB in pricing, payment, investment and financing, and reserves. Second, adhere to serving the real economy, continuously enrich the supply of cross-border RMB financial products, improve the professionalism and refinement of financial services, better meet the market demands of business entities in transaction settlement, investment and financing, and risk management, and actively contribute to stabilizing foreign trade and investment. Third, adhere to reform and innovation, promote the expansion of the comprehensive reform pilot program for offshore trade and financial services in the Lingang New Area, support high-quality enterprises to participate in the pilot program for upgrading the functions of free trade accounts, and fully release the policy dividends of the pilot program. Fourth, adhere to preventing financial risks.February 6th - Capital Economics Asia economist Shivaan Tandon stated in a report that the Reserve Bank of Indias (RBI) easing cycle may have ended. Tandon wrote that the recent bilateral trade agreement, which significantly reduced tariffs on Indian exports to the US, has moderately improved Indias economic growth prospects, which is likely the main reason the RBI has chosen not to further ease policy. Furthermore, the RBI has also raised its inflation forecast due to recent increases in precious metal prices. Tandon believes that given the improved economic outlook and inflation trending towards the 4% medium-term target, the threshold for restarting interest rate cuts is now very high.Chart: Speculative Sentiment Index on February 6, 2026 (Friday)February 6th Futures News: On February 6th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 131,447 tons, unchanged from the previous trading day; 2. Pulp futures mill warehouse receipts: 15,000 tons, an increase of 4,000 tons from the previous trading day; 3. Offset paper futures warehouse receipts: 0 tons, unchanged from the previous trading day; 4. Offset paper futures mill warehouse receipts: 3,880 tons, unchanged from the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day. The previous trading day saw no change; 6. Petroleum asphalt futures warehouse receipts totaled 13,580 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts totaled 26,490 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts totaled 3,464,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts totaled 23,140 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts totaled 0 tons, unchanged from the previous trading day.The chart shows that at 23:00 Beijing time on February 6, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, etc. There are 3 contracts with strike prices exceeding 1 billion. Please manage your risks.

Indonesian Crypto Exchange Ensures Compliance With Biometric Security-Based Wallet

Cory Russell

May 11, 2022 10:37

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According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.