todays markets
market news
the market's largest crypto exchange Binance will begin offering full services for Japanese users in August, said its CEO Changpeng Zhao’s during a conference in Tokyo on Tuesday. This was unveiled at WEBX where Japanese president Fumio Kishidia was a speaker. He said ‘Web3 can transform the internet’
Australia needs to speed up putting in place more precise cryptocurrency regulation if it intends to keep up with a global race, Coinbase’s executive said today at an Australian Senate hearing. Faryar Shirzad, chief policy officer of crypto exchange Coinbase, said that Australia must quickly introduce a crypto-related regulatory framework or legislation — as other competing jurisdictions have set clear time frames for regulation.
Namibia's government is set to designate a regulatory authority to oversee the virtual asset industry after moving its virtual assets bill into law Friday. The Namibia Virtual Assets Act 2023 aims to help the south African country designate a regulatory authority to regulate and supervise virtual asset service providers and related activities.
around the twitterverse…
trade ideas
trade: long USD/ CNY
CNY has strengthened significantly against USD in the last few days. this was exemplified overnight on the back of strength in Chinese markets. with FOMC taking place it could be an opportunity for reversal. this level is where there was a bounce last time so it is acting as support for now. keep in mind, that trading on the same day as important news events can be very tricky as there could be increased volatility.
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