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Polygon Price Prediction: MATIC Surges 14% After Coinbase Announces Support For POL Migration
Insidebitcoin·2024/08/22 07:49

In-depth analysis: The revenue sustainability of Ethereum, Solana and Tron
This report deeply analyzes the revenue structure of Ethereum, Solana, and TRON, and explores their long-term development potential and revenue sustainability.
BlockBeats·2024/08/22 07:30

Litecoin sees significant volume increase despite price drop
Grafa·2024/08/22 06:00

Kaspa and Alephium mining rise as Bitcoin profitability declines
Grafa·2024/08/22 04:10

Dogecoin struggles to recover amid price hurdles
Grafa·2024/08/22 04:10

Black Wukong hurts Web3 people
Odaily·2024/08/22 04:04

Bitcoin volatility ‘ramping up’ above ATH levels as price retests $62K
Cointelegraph·2024/08/22 03:11

Harris advocates for expanding crypto industry
Grafa·2024/08/22 02:20

Toncoin faces potential decline as weak hands emerge among holders
Grafa·2024/08/22 02:20

Ethereum price eyes $3,000 as Buterin’s bullish post fuels optimism
Grafa·2024/08/22 02:20
Flash
10:21
Citi raises Oracle's target price to $330Glonhui June 4th|Citigroup has raised Oracle's target share price from $320 to $330.
10:20
The Bank of England injected a record 122.9 billion pounds in a single week; the balance sheet reduction process has created a liquidity gap, leading banks to compete for short-term funds.The Bank of England announced on Thursday that it allocated a record £122.918 billion in seven-day funds through its weekly short-term repo operations, surpassing the previous record of £114.888 billion set last month. The central bank is increasingly relying on short-term repo operations to provide reserves to banks, while gradually reducing its holdings of government bonds accumulated under the quantitative easing programme.From a market sentiment perspective, the record repo demand indicates that, as the central bank’s balance sheet reduction progresses, the banking system is facing increasing reserve pressure. The ongoing reduction of quantitative easing bond holdings is forcing financial institutions to turn to the central bank’s short-term liquidity tools to fill funding gaps, leading to a significant rise in market reliance on central bank funds.This dynamic reflects a structural transformation underway in the money market. The previously abundant reserve-driven accommodative environment is gradually giving way to the tightening pressure brought by balance sheet reduction. By proactively injecting liquidity into the market through short-term repo operations, the Bank of England is essentially acting as the lender of last resort during the quantitative tightening process, aiming to prevent excessive reserve tightening from triggering severe volatility in the money market.
10:20
According to Zhonglian Gold, the lithium carbonate 2609 contract opened lower and dropped sharply today, with a slight rebound at the close, ending with fluctuations. The lowest price was 157,600 yuan, the highest was 167,600 yuan, and the decline rate was 4.62%.According to data from the China Passenger Car Association on June 3, the wholesale volume of new energy vehicles in May was 1.365 million units, up 11% compared to the same period last month; retail sales reached 974,000 units, up 15% compared to last month. Furthermore, downstream production remains at a high level, with resilient demand providing some support for the market bottom. However, this week’s latest inventory data shows a drawdown of 730 tons for small samples and 1,340 tons for large samples, which may not meet expectations. Additionally, the ongoing increase in lithium carbonate warehouse receipts is putting significant pressure on the market. Market sentiment remains weak, and it is expected that lithium prices will continue to fluctuate at low levels in the short term. Attention should be paid to developments at the Jiangxi mining end.
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MoreThe Bank of England injected a record 122.9 billion pounds in a single week; the balance sheet reduction process has created a liquidity gap, leading banks to compete for short-term funds.
According to Zhonglian Gold, the lithium carbonate 2609 contract opened lower and dropped sharply today, with a slight rebound at the close, ending with fluctuations. The lowest price was 157,600 yuan, the highest was 167,600 yuan, and the decline rate was 4.62%.
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