The post Germany: Factory recovery prospects – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Dr. Ralph Solveen notes that German industrial output rose 0.9% in May versus April, leaving April–May production slightly above the first-quarter average. With manufacturing sales outperforming output and energy prices having spiked only temporarily, he argues there is a growing likelihood that the German economy avoided contraction in spring and could resume recovery later in 2026 as Oil prices fall. German industry shows tentative improvement “Industrial output rose by 0.9% in May compared with the previous month. As a result, output in April and May was slightly above the Q1 average. Since sales have performed even slightly better, there is a growing likelihood that the German economy did not contract in the spring, despite the massive temporary spike in energy prices.” “Once again, German industry has reported quite encouraging figures: Following yesterday’s report of a si
The post Germany’s Crypto Tax Bid Seeks to Fill National Coffers appeared on BitcoinEthereumNews.com.
Germany is ramping up efforts to boost its national budget by imposing higher taxes on cryptocurrency profits. This move could overhaul the current tax regime that exempts long-term crypto holders from capital gains taxes for assets such as Bitcoin and Ethereum, sparking widespread financial implications and debates. Continue Reading:Germany’s Crypto Tax Bid Seeks to Fill National Coffers Source: https://en.bitcoinhaber.net/germanys-crypto-tax-bid-seeks-to-fill-national-coffers
The post Coinbase Asset Suspension: Five Tokens Trading Halt 2026 appeared on BitcoinEthereumNews.com.
Five crypto tokens are about to lose their home on one of the world’s most prominent exchanges. Coinbase Markets has announced it will suspend trading for Idex (IDEX), Loopring (LRC), Omni Network (OMNI), Pirate Nation (PIRATE), and StaFi (FIS) — a move that puts holders of these assets on notice with a firm deadline of 7 August 2026 at approximately 2 PM Eastern Time. Key takeaways Coinbase Markets will suspend trading for five crypto assets — IDEX, LRC, OMNI, PIRATE, and FIS — on 7 August 2026 around 2 PM ET. The suspensions follow Coinbase’s routine monitoring of listed assets against its exchange listing standards. Specific reasons for each individual suspension have not been disclosed. Whether the suspensions are temporary or permanent remains unclear, as does any user support or conversion process. Holders of the affected tokens should act before the deadline to understand their
The post Singapore Dollar: Range consolidation holds against US Dollar – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Charlie Lay highlights that USD/SGD has been stable around 1.2920, with SGD NEER estimated at roughly +0.8% above its mid-point. The pair has traded within a 1.29–1.30 range for a month and Lay expects near-term consolidation. The +/-2% NEER band implies a broader USD/SGD range between 1.2780 and 1.3300. SGD NEER stays moderately elevated “In FX, USD/SGD was stable yesterday at around 1.2920. It has held within the 1.29-1.30 range for the past month, and we look for consolidation in the near term. On a SGD NEER basis, we estimate it is around +0.8% above the mid-point for USD/SGD at 1.2920, USD/MYR at 4.0850, and USD/CNY at 6.7940. The +/-2% band around the mid-point corresponds to USD/SGD between 1.2780-1.3300, with the mid-point at 1.3040, ceteris paribus.” “May retail sales rose 3% yoy (Bloomberg consensus: 4.7%) vs 5.4% previously. On a 3-month mov
The shutdown exacerbates Russia's fuel shortages, potentially tightening global refined product markets and impacting energy prices.
The post Russia’s largest refinery shuts down after Ukrainian drone strike, raising global energy supply fears appeared first on Crypto Briefing.
The post Phemex (2026) Spot, Perps, and AI Push: Key Insights appeared on BitcoinEthereumNews.com.
Rongchai Wang
Jul 07, 2026 08:48
Phemex’s 2026 report reveals dominance in derivatives, AI adoption, and new tokenized stock offerings. Here’s the breakdown.
Phemex, a leading crypto exchange, has released its mid-2026 performance report, revealing a significant focus on derivatives trading, declining reserves, and a growing push into AI-driven tools and tokenized stock offerings. Daily perpetuals (perps) trading volume averaged $1.69 billion—2.41 times the spot market’s $0.70 billion average—underscoring Phemex’s positioning as a derivatives-first platform. Volume Peaks Tied to Market Turmoil Both spot and perps volumes spiked on February 6, 2026, as Bitcoin dropped 14.1% to its yearly low of $62,800, triggering heightened trading activity. On that day, spot volume surged to $1.19 billion, while perps hit $2.71 billion, their highest single-day level. While spot trading
Messi's record-breaking World Cup achievements could reshape prediction markets, influencing Golden Boot odds and enhancing his legendary status.
The post Messi sets World Cup records for goals and assists in 2026 campaign appeared first on Crypto Briefing.
The post Oil: Gulf supply recovery challenges oversupply narrative – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Carsten Fritsch highlights a rapid recovery in Gulf oil production and exports following the US–Iran agreement, with Brent moving into contango and Saudi Arabia slashing its OSP for Asian buyers. Despite sharply higher observed flows, Fritsch argues that mine clearance, restricted tanker traffic and stock replenishment needs mean the Oil market is unlikely to face a genuine oversupply in the short term. Gulf output rebounds but risks linger “Price signals also suggest that oil supplies have risen more sharply than the official data indicate. This is because the front end of the Brent forward curve is in contango. Initially, only the first two futures contracts were affected.” “Last week, however, the contango structure extended to the first four contracts. Another indication could be Saudi Arabia’s sharp cut in the official selling prices (OSP) for August.
