Belarus moves to ban peer-to-peer crypto transactions
Belarus is moving to ban peer-to-peer crypto transactions in an effort to reduce alleged fraud. The government is working on the legislation needed to formally make the transactions illegal. Citizens will instead have to turn to crypto exchanges registered with Hi-Tech Park (HTP) to make transactions “for transparency and control,” according to a social media post from Alexander Ringevish of the Ministry of Internal Affairs.
Source: Blockworks
Yahoo considers IPO six years after delisting
Yahoo, the Dotcom sensation that was delisted in 2017 following its acquisition by Verizon, is reportedly considering a re-listing. Yahoo CEO Jim Lanzone has said he intends to take the company public again, as the Internet services company looks to return to its glory days, the Financial Times reported, citing an interview with the executive. The latter stressed that the company was ready for the planned IPO. Yahoo is "financially ready", with an excellent balance sheet, he is quoted as saying, while stressing that the company is "very profitable". Source : Financial Times
TotalEnergies back over July 2021 uptrend support
TotalEnergies (TTE FP) broke recently the July 2021 uptrend. It spent about 7 days below that level on poor volume. It is now trading again over the uptrend !
German and US yield curves are deeply diving into low levels of inversion
US Curves flattened further, with the 2s10s curve hitting -109bp, in-line with the lowest level in 42 years.
Bund yields rose, while the 2s10s curve dropped to -83bp, the most inverted level in over 30 years.
Source: Bloomberg, Haver Analytics, Morgan Stanley Whitephone
Astrazeneca PLC reached first support zone but can it hold ?
Astrazeneca (AZN LN) is down more than 6% today. It has reached first support zone 10’558-10’688 but will it find enough support ? Next major level 10’186-10’280. Source : Bloomberg
Saudi Arabia announced that it would extend its voluntary, unilateral oil production cut by one month, until at least August.
Moments later, OPEC+ ally Russia announced it would "voluntarily" extend its August oil export cut by 500,000 barrels a day to ensure oil market balance, Deputy Prime Minister Alexander Novak said in a statement. The 1 million-barrel-per-day Saudi production cut that began this month - in addition to existing OPEC+-agreed restrictions - will continue into August and could be extended, according to a statement issued by the state-run Saudi Press Agency. The cuts will take the kingdom's production to around 9 million barrels a day, its lowest level for several years. Source: zerohedge
Hut8 relocates 6,400 rigs, sees growth in AI & high performance computing
North American mining firm Hut8 is seeing new demand for AI and high performance computing as it looks to re-energize some 6,400 rigs being moved from its inoperative North Bay site in Ontario. As previously reported, Hut8 is in an ongoing legal battle with its third party energy supplier Validus Power over alleged failure to meet contractual obligations. Operations at the facility have been suspended since Nov. 2022. Source: Cointelegrah
Swiss Inflation returned below SNB’s 2% Ceiling in June
The figures offer limited reassurance to officials who have already signaled further
tightening is likely.
CPI YoY rose 1.7%, down from 2.2% the previous month, as energy costs fell. Underlying inflation, which strips out such volatile elements, also slowed to 1.8%. Source: BBG, Swiss statistics agency
