News Centre

BIS: Crypto Shocks And Retail Losses

Date 20/02/2023

Key takeaways

• A new data set on retail holdings of cryptoassets reveals that in the wake of the Terra/Luna collapse and the FTX bankruptcy, crypto trading activity increased markedly, with large and sophisticated investors selling and smaller retail investors buying.
• Data on major crypto trading platforms over August 2015–December 2022 show that, as a result, a majority of crypto app users in nearly all economies made losses on their bitcoin holdings.
• Nevertheless, despite crypto's large user base and the substantial losses to many investors, the market turmoil in 2022 had little discernible impact on broader financial conditions outside the crypto universe, underlining the largely self-referential nature of crypto as an asset class.

BLUR's Big Debut - Kaiko Research: Data Debrief

Date 20/02/2023

• Price Movements: Huobi listed a token representing a claim on FTX's debt, which briefly surged to as high as $100 before crashing to $13. 
• Market Liquidity: Coinbase trade volume is increasingly outpacing Uniswap's, suggesting traders still prefer CEXs.
• Derivatives: BTC open interest remains flat despite heavy volatility. 
• Macro Trends: Silvergate, once the crypto industry's preferred banking partner, has seen a collapse of its share price amid the FTX fallout.

Montréal Exchange's Markets Closed Today, February 20, 2023, Family Day

Date 20/02/2023

The Exchange's markets are closed today, February 20, 2023 (Family Day).

FSB Chair Outlines Work Priorities For 2023

Date 20/02/2023

The Financial Stability Board (FSB) today published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors, ahead of the G20 meeting on 24‑25 February.

Abu Dhabi’s Launch Of ‘Hub71+ Digital Assets’ Opens Up TON Foundation Ecosystem To $2 Billion Start-Up Hub

Date 20/02/2023

The TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has opened up its ecosystem to start-ups and investors based at Hub71+ Digital Assets, an Abu Dhabi-based Web3 specialist ecosystem backed by the Government of the United Arab Emirates (UAE), with more than $2 billion of capital to deploy.

US$32m Outflows, But Rising Prices Push AuM To Highest Since August 2022 - CoinShares: Fund Flows

Date 20/02/2023

• Digital asset investment products saw outflows totalling US$32m last week, the largest since late December 2022. Mid-way through last week the outflows were much higher at US$62m, but sentiment improved by Friday.
• Bitcoin bore the brunt of the negative sentiment, seeing nearly US$25m of outflows, while short-bitcoin investment products saw inflows of US$3.7m.
• Blockchain equities saw inflows totalling US$9.6m last week and have seen 6 consecutive weeks of inflows.

Egyptian Capital Market Representatives Visits KSA And UAE

Date 20/02/2023

The Egyptian delegation, which includes the Financial Regulatory Authority (FRA), the Central Bank of Egypt (CBE) and the Egyptian Exchange (EGX), held a series of meetings with 20 high - investment institutions in Riyadh, Dubai and Abu Dhabi, to review the latest developments in the Egyptian economy.  This is the second roadshow for the Egyptian Capital Market in the region. 

HKEX To Introduce New Option Classes

Date 20/02/2023

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Monday) the launch of three new stock option classes on Monday, 6 March 2023.

Hong Kong Securities And Futures Commission Consults On Proposals To Regulate Virtual Asset Trading Platforms

Date 20/02/2023

The Securities and Futures Commission (SFC) today launched a consultation on the proposed requirements for operators of virtual asset trading platforms.  

Oil And Gas Industry Overall Contract Value Up By 27% QoQ During Q4 2022, Reveals GlobalData

Date 20/02/2023

The COVID-19 pandemic has had a significant impact on the oil and gas industry, leading to a decline in demand and a drop in oil prices. However, the industry has been recovering since then, with oil prices gradually increasing and demand for energy returning to pre-pandemic levels. Consequently, the overall oil and gas industry contract value seen a significant quarter-on-quarter (QoQ) increase of 27% in Q4 2022, reveals GlobalData, a leading data and analytics company.