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February 4th - According to Sensor Towers store intelligence platform, 36 Chinese companies were among the top 100 global mobile game publishers in terms of revenue in January 2026, generating a total of $2.18 billion, accounting for 37.8% of the total revenue of the top 100 global mobile game publishers in that period. Tencent, thanks to the strong performance of its flagship products such as "Honor of Kings" and "Peacekeeper Elite," saw its mobile game revenue increase by 43% month-on-month, firmly retaining its title as the worlds highest-grossing mobile game publisher.On February 4th, Lazard CEO Peter Orszag stated at the "Wall Street Journal Invest Live" event that the Federal Reserve may not have cut interest rates at the end of last year. While the market generally believes inflation is declining, he expects inflation to unexpectedly rise this year. He added that artificial intelligence and high-income consumers could boost US economic growth, describing this momentum as "fragile but strong." He also pointed out that most of the impact of tariffs has not yet materialized, which could also push up inflation. He believes the Fed has fallen behind the curve and should not have cut rates at the end of last year. "If we are right," he said, "all of this has only further exacerbated inflation, led to further depreciation of the dollar, and steepened the yield curve."February 4th - During Asian trading hours, the Singapore dollar remained range-bound against the US dollar, but the prospect of the Federal Reserve maintaining high interest rates for an extended period could put pressure on it. Analysts at CIMBs Treasury and Markets Research Department noted in a report that given persistently high inflation, both Federal Reserve Governor Bowman and Richmond Fed President Barkin have signaled that further rate cuts may take longer. The analysts also mentioned that Barkin believes the Feds recent rate cuts have helped support the US labor market. FactSet data shows the US dollar was little changed against the Singapore dollar, trading at 1.2698.Goldman Sachs: Judging from the timing, most of the price fluctuations in January were driven by Western capital flows.On February 4th, Han Wenxiu, Deputy Director of the Central Financial and Economic Affairs Commission and Director of the Central Rural Work Leading Group Office, stated at a press conference held by the State Council Information Office that this years No. 1 Central Document makes specific arrangements for "implementing normalized and targeted poverty alleviation," and various supporting policies are being formulated and issued. Han Wenxiu stated that incorporating normalized poverty alleviation into the overall implementation of the rural revitalization strategy requires focusing on dynamic management of assistance recipients, ensuring precise and efficient assistance methods, stratifying assistance regions, and maintaining overall stability in assistance policies. Han Wenxiu emphasized that assistance policies must remain generally stable, avoiding abrupt changes or halts in fiscal investment, financial support, and resource allocation, and maintaining the stability of the scale of normalized central government assistance funds and the scale of provincial and municipal government investments.

The Crypto Market Tries to Buck Negative Pressure

Skylar Shaw

Mar 03, 2023 14:19

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Overnight, the market capitalization of cryptocurrencies decreased 1.2% to $1.07 trillion. Since Sunday, this stage has been the center of attention, highlighting the development of the participant's abilities. The dread and avarice measure for cryptocurrencies is once again in the 50s. Since January, indifferent feelings, not dread, are mixing with times of avarice.


Even as it declines to 23k, Bitcoin still finds support, which is a remarkable outcome given the weaker dollar and the deteriorating stock market. The first cryptocurrency is still going strong and successfully battling the powerful forces that caused the Nasdaq100 to regress five weeks ago.


The 50-day moving average and the regional lows from late last week are centered around $22.7K, which appears to be a key warning mark on the road down for Bitcoin. If this support does not hold, February's positive progress will be reversed, and the next significant halt is not anticipated until $21.5K.


Between opposition in the 50-week average (near $1690) and the 50-day average (near $1600), Ethereum is trapped. A swift decline to $1400 could occur if the bears prevail in this small-scale conflict.

Stories from the past

France is about to make it harder for bitcoin businesses to obtain licenses. A new set of rules for the licensure and registering of bitcoin businesses have been passed by the nation's lower chamber of government. If the measure is approved, the modifications would start to apply in July 2023.


A uniform set of standards will be developed to boost customer trust in digital assets, according to the Stablecoin Standard group, which consists of the largest stablecoin producers.


Following the announcement of a collaboration with Meta and Telefónica as part of the Metaverse Activation Plan effort, the GMM cryptocurrency of the Gamium blockchain project increased by 650%. The two titans' collaborative initiative seeks to support and grow businesses in the Metaverse and Web3 area.