💰 The Central Bank of Russia has released its Financial Stability Review, highlighting the resilience of the banking sector. However, risks of a "bubble" in the primary real estate market have increased in the first quarter of the year. The bank anticipates a decline in mortgage loan quality in late 2024 to early 2025. Companies may endure a period of high interest rates, but some heavily indebted firms could face bankruptcy. Meanwhile, the volume of cryptocurrencies held by Russians has surged by 27% over six months, reaching 827 billion rubles. For more details, see the release.
🚨 The Russian ruble (RUB) has seen a decline against the Chinese yuan (CNY), with the exchange rate reflecting a decrease of 1%. This shift in currency value highlights ongoing fluctuations in the foreign exchange market, which can impact trade and economic relations between Russia and China. For further updates, visit here.
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💥 Pavel Durov announced that Telegram has entered a one-year partnership with XAI to promote GROK among Telegram users and integrate it into the app. This collaboration aims to enhance user experience and introduce advanced features powered by artificial intelligence.
⚠️🇪🇺🇺🇸🇷🇺 Merkel announced that negotiations are underway with the United States regarding further sanctions against Russia.
🇷🇺 The Central Bank of Russia does not anticipate significant changes in the share of currency revenue sales by exporters in April-May. Gabuniya from the IF stated that the requirements for selling currency will not have a substantial impact on their behavior.
⚠️🇷🇺🇪🇺 Margarita Simonyan has stated that Russia may retaliate against Berlin if German military strikes Moscow using Taurus missiles. In Moscow, officials believe that the authorization for Ukraine to use Taurus missiles implies direct attacks on the Russian capital, as Ukrainian forces lack the capability to operate them. The Kremlin views the announcement regarding long-range weapons as a further provocation of the conflict. For more details, visit here.
💥✴️ USD1 integrates with Kernel DAO — WLFI
Trump's project has announced the integration of its stablecoin, USD1, with Kernel.
Trump's project has announced the integration of its stablecoin, USD1, with Kernel.
🚀 BCS has officially launched CFDs on foreign ETFs as of May 27. Clients now have access to 12 prominent foreign exchange-traded funds, covering U.S. stock indices, the tech sector, oil and gold mining, and financial companies. CFD trading through "BCS Forex" allows clients to take both long and short positions. Accounts for CFD contracts can be opened in various currencies, including rubles, U.S. dollars, euros, yuan, and dirhams, accessible to unqualified investors after passing a test.
🚨🛢 OPEC+ Meeting Underway
According to RTRS, citing sources among delegates, OPEC+ countries are likely to agree on further increases in oil production for July.
According to RTRS, citing sources among delegates, OPEC+ countries are likely to agree on further increases in oil production for July.
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💥✴️🇷🇺 Financial instruments linked to cryptocurrencies will soon be available for qualified investors, according to the Central Bank of Russia. Financial organizations will be able to offer these derivatives, securities, and digital financial assets, with returns tied to cryptocurrency values. However, a key condition is that these instruments must not involve the actual delivery of cryptocurrency. For more details, visit here.
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🌟 Sberbank is preparing to present structured bonds linked to cryptocurrencies to investors, according to RBC Investments.
🚀 Norwegian company K33 has raised 60 million Swedish kronor from major shareholders to purchase BTC for its balance sheet.
🚨 OPEC+ Committee did not provide any recommendations regarding oil production policies following their recent meeting, according to RTRS sources. The ministerial meeting has commenced, but no further details have been disclosed at this time.
💥✴️🇺🇸 The U.S. Department of Labor has revoked its 2022 guidance that restricted fiduciaries from including cryptocurrencies in 401(k) retirement plans. This change paves the way for the inclusion of digital assets in pension funds, potentially transforming retirement savings options for millions of Americans.
⚠️🇪🇺 NATO plans to increase the total number of brigades that allies must provide in the future to 120-130, according to RTRS. The alliance has requested Germany to form seven new brigades, comprising 40,000 troops, to bolster its defense capabilities.