93% of banks exploring potential CBDC: Bank of International Settlements
Central banks interested in exploring “some form” of a central bank digital currency (CBDC) rose to 93%, according to a 2022 Bank of International Settlements survey. Eighty-six banks responded to the BIS survey. However, a June survey from the Atlantic Council found that around 130 countries are exploring CBDCs. “Work on retail CBDC is more advanced than on wholesale CBDC: almost a quarter of central banks are piloting a retail CBDC. More than 80% of central banks see potential value in having both a retail CBDC and a fast payment system, mostly because a retail CBDC has specific properties and may offer additional features,” the BIS wrote.
Source: Blockworks
Meta's Threads Hits 100M Users In Just 5 Days, Becomes Fastest Growing App In History
Threads app has hit the milestone of 100 million users in the first five days of its launch, making it the fastest-growing consumer application in history. Threads beat ChatGPT's record by a wide margin, which achieved the milestone in two months. On the first day of Threads' launch, Meta co-founder Mark Zuckerberg announced the milestones of 2 million, 5 million, and 10 million users. It took Threads two hours, four hours, and seven hours, respectively, to cross these milestones. source : reuters
Market Expectations Seem Quite Low
As we enter us q2 earnings season, market expectations seem quite low Source: Bloomberg
Africa Natural Reserves
Africa has about 12% of the world’s oil reserves, 42% of its gold, 80%–90% of chromium and platinum group metals, and 60% of arable land in addition to vast timber resources. Source: MentorQpro
According to Goldman, India is poised to become the world’s second largest economy by 2075 behind China but ahead of the US
Source: CNBC
Hedge Funds YTD returns by strategy as of June 30th
Source: Aurum
One in six asset management groups to disappear by 2027, says Pwc
16% of existing asset and wealth managers will either be out of business or acquired by larger companies by 2027 according to PwC. The asset management industry faces dramatic consolidation over the next four years as one in six companies could disappear because of a mix of market volatility, high interest rates and pressure on fees. Source: FT, Barchart
Astrazeneca trying to hold support zone 10’186-10’280
Astrazeneca (AZN LN) remains under pressure. If support zone 10’186-10’280 doesn’t hold, next support zone will be 9’500-9’600. Source : Bloomberg
