Binance Gives Liquidity Assurance, Crypto Daily TV 14/6/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=yxr46qWsxyc

Bank of China issues $28M in digital structured notes on Ethereum blockchain

Bank of China’s investment bank subsidiary BOCI announced the issuance of 200 million Chinese yuan worth of digital structured notes minted on the Ethereum blockchain. The move makes BOCI the first Chinese financial institution to issue a tokenized security in Hong Kong.

Taiwan Mobile in talks on possible investment in local crypto platform

Telecommunications company Taiwan Mobile Co. is exploring opportunities for collaboration with local crypto platforms, including potentially investing in one of the businesses. The government-licensed wireless service provider is in early-stage talks with crypto firms about strategic partnerships.

Binance plans to swap 750 million of token pairs to ensure liquidity

Binance said it would swap 750 million tether-tron token pairs for tether-ether in an attempt to maintain the stablecoin’s liquidity. The move comes amid renewed regulatory scrutiny at the world’s largest cryptocurrency exchange and will help cushion some of the fallout from recent blows, including Binance being sued by the U.S.SEC.

BTC/USD corrected downwards by 0.2% in the last session.

The Bitcoin-Dollar pair fell 0.2% in the last session after gaining as much as 1.9% during the session. The MACD is giving a negative signal. Support is at 25440.3333 and resistance at 26352.3333.

The MACD is currently in negative territory.

ETH/USD corrected downwards by 0.2% in the last session.

The Ethereum-Dollar pair dropped 0.2% in the last session after rising as much as 1.1% during the session. The RSI is giving a negative signal, which matches our overall technical analysis. Support is at 1706.251 and resistance at 1775.931.

The RSI is giving a negative signal.

XRP fell 0.4% against USD in the last session.

The last session saw the Ripple drop 0.4% against the Dollar. The ROC is giving a negative signal. Support is at 0.5014 and resistance at 0.5398.

The ROC is giving a negative signal.

LTC/USD traded sideways in the last session.

Litecoin-Dollar price remained largely unchanged in the last session. According to the Williams indicator, we are in an oversold market. Support is at 74.41 and resistance at 79.41.

The Williams indicator points to an oversold market.

Daily Economic Calendar:

DE 10-y Bond Auction

The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors’ outlook on future interest rates. Germany’s 10-y Bond Auction will be released at 09:30 GMT, the UK’s Gross Domestic Product at 06:00 GMT, Japan’s Imports at 23:50 GMT.

UK Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.

JP Imports

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts or grants) from non-residents to residents.

JP Exports

The Exports measure of the total exports of goods and services by the local economy. A steady demand for exports helps to support growth in the trade surplus. Japan’s Exports will be released at 23:50 GMT, the US Fed Interest Rate Decision at 18:00 GMT, the UK’s Industrial Production at 06:00 GMT.

UK Industrial Production

Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines and utilities are measured by the index of the industrial production.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.