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14:17
The US CFTC reiterates that it will review perpetual contract assets on a case-by-case basis.
ChainCatcher reports that Mike Selig, Chairman of the Commodity Futures Trading Commission (CFTC), reiterated that perpetual crypto contracts will be reviewed on a "single asset" basis. CFTC staff had previously clarified this stance in advisory opinions issued on 24/7 continuous trading. Regulators will use this framework to assess the compliance of perpetual products tied to different underlying assets.
14:13
Deutsche Bank: U.S. new housing starts hit by volatility in multi-family housing
Luzzetti told The Wall Street Journal: "Building permits, as a relatively more stable indicator of the real estate market, showed data very close to expectations." Although he stated that the real estate market has not been an important source of growth for the country's economy, he also said, "I don't want to conclude that the real estate market is experiencing a precipitous decline just based on this morning's data."
14:12
BHP and Rio Tinto Bet on India, Targeting New "Global South" Dividends
Glonghui, June 16 — The two global mining giants, BHP and Rio Tinto, are increasingly turning their attention to India, viewing it as the next major growth engine for the global steel industry. Senior commercial executives of both mining companies said India’s growing demand and new production capacity are helping offset the impact of slowing growth in other regions.
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