Is there a trend change in the market? We monitor potential signals
The market yesterday was clearly dominated by a reluctance to take risks in continuation of Tuesday's trends. The main question is whether we are talking about a change in long-term trends towards tightening financial conditions, or whether this is just a slight pause while the overall high risk appetite remains. Starting from Thursday and until next Friday (June 7), a large amount of macro data will be published that will determine further trends.
JPMorgan may issue $1.1 billion in loans to troubled Chinese developers
Investment bank JPMorgan Chase is in talks to provide a three-year, HK$8.95 billion ($1.1 billion) loan to two troubled Chinese real estate developers engaged in restructuring, Bloomberg writes.
Unicorn Bay Ltd., a joint venture formed by defaulted developers Logan Group Co. and KWG Group Holdings Ltd., needs a loan that will be backed by a villa project in Hong Kong called The Corniche. The annual interest rate on a new loan can range from 10-15%.
We are witnessing a revolution in the financial industry, with decentralized cryptocurrency being accepted as an investment asset by professional market participants and regulators, and a former US President putting the crypto agenda on the electoral platform.
One clear indication of this recognition is the growth of Bitcoin ownership by licensed exchange-traded funds. Today, their total supply exceeds 1 million coins or $68 billion. This is 5% of the total circulating supply of 19.7 million BTC.
JPMorgan: Ethereum ETFs will be much less popular compared to Bitcoin ETFs
According to a team of JPMorgan analysts led by Nikolaos Panigirtzoglou, investment volumes in ETH spot ETFs will be much lower compared to similar Bitcoin products.
“The initial market reaction to the launch of spot Ether ETFs is likely to be negative. We believe that demand for shares of spot Ether ETFs will be a fraction of the demand for Bitcoin ETFs,” the report notes.
P2P cryptocurrency trading in Russia has been and remains one of the most active in the world. The local market is distinguished by two factors: the popularity of mining, where mined coins need to be transferred to fiat, as well as the use of cryptocurrencies for cross-border transfers in the context of economic sanctions.
Binance, the flagship service in the crypto market, has also made its significant contribution. A user-friendly interface, a variety of trading tools, and active marketing attracted many Russian traders to the site.
However, at the beginning of 2024, the exchange stopped operating in the Russian Federation and completely left this market. How has this affected P2P trading volumes on Binance? Let's find out in this article.
Binance: Still at the forefront of the crypto market
After Binance left the Russian market, the exchange still maintains its status as an industry leader, including in the P2P segment. To check this, we analyzed the volume of offers in the green “Buy” glass. #binance #StartInvestingInCrypto $BNB