TL;DR Breakdown Weekly crypto price analysis shows the overall market is still in a bearish trend. Bitcoin (BTC) slips under $27,000 after a strong sell-off. Weekly crypto price analysis indicates the altcoins are trading around the support levels. Description Weekly crypto price analysis reveals that most cryptocurrencies have been tumbling over the last few days, with bearish sentiment dominating the market. The selling pressure on the crypto markets has increased, leading to a price decline. The Bitcoin price pulled back from a level of $29,000 to the $26,000 level, after experiencing a strong sell-off. … Read more Weekly crypto price analysis reveals that most cryptocurrencies have been tumbling over the last few days, with bearish sentiment dominating the market. The selling pressure on the crypto markets has increased, leading to a price decline. The Bitcoin price pulled back from a level of $29,000 to the $26,000 level, after experiencing a strong sell-off. Bitcoin’s sudden decline resulted in $1 billion in derivatives trader liquidations, the largest amount since the collapse of the FTX in 2022. Cryptocurrencies price heat map, Source: Coin…

TL;DR Breakdown US transitioning to T+1 trade settlement in May, aiming to reduce market risks. Critics argue this shift burdens ETF investors, especially those outside the US. Mismatch in settlement timings to escalate costs for investors. Foreign exchange markets also face challenges due to the change. Description A tide of change is rising within the trade settlement landscape. The upcoming switch to a T+1 (trade-plus-one day) settlement system in the US next May doesn’t come without strings attached. While the move aims to cut back on credit, market, and liquidity risks, critics argue that it carries with it a heavy financial burden. … Read more A tide of change is rising within the trade settlement landscape. The upcoming switch to a T+1 (trade-plus-one day) settlement system in the US next May doesn’t come without strings attached. While the move aims to cut back on credit, market, and liquidity risks, critics argue that it carries with it a heavy financial burden. The brunt of this shift, alarmingly, may fall squarely on the shoulders of ETF investors, especially those outside the U.S….

TL;DR Breakdown The New Development Bank of the BRICS group has launched its first-ever bonds in South African Rand (ZAR). The move is aimed at bolstering local currency fundraising and lending. While China has seen local NDB bond issuances, this is the bank’s initial foray outside of China. Description Brace yourselves, financial aficionados: The New Development Bank (NDB), the brainchild of the BRICS brigade, has just unleashed its inaugural bonds in South African Rand (ZAR). While this might sound like just another banking move to the untrained ear, there’s more to this than meets the eye. A Strategic Play or a Desperate Move? With … Read more Brace yourselves, financial aficionados: The New Development Bank (NDB), the brainchild of the BRICS brigade, has just unleashed its inaugural bonds in South African Rand (ZAR). While this might sound like just another banking move to the untrained ear, there’s more to this than meets the eye. A Strategic Play or a Desperate Move? With a 1.5 billion rand (pushing close to $78 million) bond issuance, the NDB is clearly not here for…

TL;DR Breakdown Google is facing a significant trial against the US Department of Justice, reminiscent of the US government’s past legal challenge against Microsoft. Despite potential legal implications, big tech companies like Alphabet (Google’s parent) have seen robust stock market performances. Regulatory efforts, both in the US and globally, have thus far had minimal impact on big tech’s dominance in their respective markets. Description As the courtroom awaits the impending face-off between Google and the Department of Justice, echoes of yesteryears when the government challenged Microsoft reverberate. This trial represents not only a deep dive into Google’s business practices but also signals the broader scrutiny of big tech giants’ dominance in the market. A Blast from the Past and … Read more As the courtroom awaits the impending face-off between Google and the Department of Justice, echoes of yesteryears when the government challenged Microsoft reverberate. This trial represents not only a deep dive into Google’s business practices but also signals the broader scrutiny of big tech giants’ dominance in the market. A Blast from the Past and Present Implications Decades…

TL;DR Breakdown China Evergrande Group filed for U.S. bankruptcy protection as part of a $31.7 billion debt restructuring. Evergrande’s default in 2021 sparked a property crisis in China, leading to other major developers’ defaults. The company’s restructuring plan and a recent $500 million investment may provide a pathway towards recovery. Description In a landmark move that underscores the severity of China’s property crisis, China Evergrande Group, once the country’s top-selling developer, filed for U.S. bankruptcy protection as part of a massive $31.7 billion debt restructuring. This step, seen as procedural, indicates the company is nearing the end of its restructuring process after more than one and … Read more In a landmark move that underscores the severity of China’s property crisis, China Evergrande Group, once the country’s top-selling developer, filed for U.S. bankruptcy protection as part of a massive $31.7 billion debt restructuring. This step, seen as procedural, indicates the company is nearing the end of its restructuring process after more than one and a half years of negotiations with creditors. A landmark move in China’s property crisis Evergrande’s filing…

TL;DR Breakdown People’s Bank of China (PBoC) is reinforcing its defense of the yuan amid economic concerns. Recent indicators highlight weakening exports and reduced consumer confidence in China. Following a surprise rate cut, the PBoC set the yuan’s daily midpoint at Rmb7.2006 to the dollar, contrasting starkly with analysts’ estimates. Description China’s monetary powerhouse, the People’s Bank of China, is ramping up efforts to bolster its currency amidst looming concerns surrounding the health of the world’s second-most formidable economy. Navigating Through A Sea of Uncertainty Recent economic indicators have shone an unflattering light on China’s economic performance. From dwindling exports to a palpable decline in consumer … Read more China’s monetary powerhouse, the People’s Bank of China, is ramping up efforts to bolster its currency amidst looming concerns surrounding the health of the world’s second-most formidable economy. Navigating Through A Sea of Uncertainty Recent economic indicators have shone an unflattering light on China’s economic performance. From dwindling exports to a palpable decline in consumer confidence, the signs are pointing toward a possible storm ahead. Adding to this precarious mix was…

TL;DR Breakdown MiCA aims to standardize crypto rules across the EU but doesn’t promise an utterly safe crypto landscape. Verena Ross emphasizes that traditional financial products offer protection. Description The European Union (EU) has been at the forefront of many financial and regulatory innovations, and its latest venture into digital assets is no exception. The Markets in Crypto Assets (MiCA) legislation, approved in April, is Europe’s ambitious attempt to bring clarity and oversight to the rapidly evolving world of cryptocurrencies. However, as with any … Read more The European Union (EU) has been at the forefront of many financial and regulatory innovations, and its latest venture into digital assets is no exception. The Markets in Crypto Assets (MiCA) legislation, approved in April, is Europe’s ambitious attempt to bring clarity and oversight to the rapidly evolving world of cryptocurrencies. However, as with any new regulation, there are both proponents and skeptics. Contents hide 1 Europe’s attempt at crypto oversight 2 The transformative power of MiCA 3 Challenges and Criticisms: Is MiCA ready for the future? 4 Conclusion Europe’s attempt at crypto…

TL;DR Breakdown Changpeng Zhao, the CEO of Binance, has revealed that all employees of Binance, including himself, are now barred from participating in futures trading. Description Changpeng Zhao, the CEO of Binance, has revealed that all employees of Binance, including himself, are now barred from participating in futures trading. The move is a part of the cryptocurrency exchange’s ongoing endeavors to prioritize integrity and prevent potential conflicts of interest within its workforce. Binance prohibited from futures trading Zhao revealed that the … Read more Changpeng Zhao, the CEO of Binance, has revealed that all employees of Binance, including himself, are now barred from participating in futures trading. The move is a part of the cryptocurrency exchange’s ongoing endeavors to prioritize integrity and prevent potential conflicts of interest within its workforce. Binance prohibited from futures trading Zhao revealed that the exchange’s employees, including him, are prohibited from futures trading, and the product testing team has a specially assigned quota account. However, he revealed that they hold.   The exchange’s policy requires employees to maintain positions for 90 days before trading, promoting long-term…

TL;DR Breakdown Celsius Network received judicial approval for a bankruptcy escape plan, allowing Fahrenheit to acquire its assets. Creditors may recover between 67% and 85% of their holdings, with voting on the proposal set for August 24 to September 22. The proposal requires court ratification in October, marking a significant step in Celsius’ journey out of bankruptcy. Description The troubled crypto lender, Celsius Network, has received judicial approval to seek creditor endorsement for its bankruptcy escape plan. Under this plan, a consortium going by the name of Fahrenheit is poised to acquire Celsius’ assets, forming a fresh corporate entity. This new entity would then proceed to allocate Celsius’ assets and equity among its … Read more The troubled crypto lender, Celsius Network, has received judicial approval to seek creditor endorsement for its bankruptcy escape plan. Under this plan, a consortium going by the name of Fahrenheit is poised to acquire Celsius’ assets, forming a fresh corporate entity. This new entity would then proceed to allocate Celsius’ assets and equity among its clientele, potentially allowing creditors to recover a substantial portion…

TL;DR Breakdown President Xi Jinping of China is scheduled to attend the upcoming BRICS leaders’ summit in South Africa. President Xi Jinping will co-chair the China-Africa Leaders’ Dialogue with his South African counterpart, Cyril Ramaphosa. Description President Xi Jinping of China is scheduled to attend the upcoming BRICS leaders’ summit in South Africa during his state visit next week. President Cyril Ramaphosa of the Republic of South Africa’s invitation prompted President Xi Jinping’s attendance at the 15th Summit in Johannesburg. Additionally, he will undertake a state visit to South Africa from … Read more President Xi Jinping of China is scheduled to attend the upcoming BRICS leaders’ summit in South Africa during his state visit next week. President Cyril Ramaphosa of the Republic of South Africa’s invitation prompted President Xi Jinping’s attendance at the 15th Summit in Johannesburg. Additionally, he will undertake a state visit to South Africa from August 21 to 24, as confirmed by Hua Chunying, the spokesperson for the Chinese foreign ministry, through an online statement. Xi Jinping is  attending BRICS summit Xi Jinping’s upcoming visit will…