Garanti BBVA, 199 milyon dolar ve 218,5 milyon euro olmak üzere iki dilimli sendikasyon sağladı.
Türkiye’de bankaların sendikasyon kredisi çalışmaları devam ediyor.
Yapı Kredi’nin ardından Garanti BBVA da sendikasyon sağladığını bildirdi.
Garanti BBVA, 367 gün vadeli, 199 milyon dolar ve 218,5 milyon euro tutarında iki dilimli sendikasyon kredisi sağladığını duyurdu.
Bankadan KAP’a yapılan açıklamada kredinin toplam maliyetinin dolar dilimi için SOFR + %4,25, euro dilimi için Euribor + %4,00 olarak gerçekleştiği belirtildi.
Sendikasyona 13 ülkeden 26 finansal kurum katıldı.
Fed üyesi Patrick Harker faizin sabit tutulması gerektiği görüşünü güçlendirdi. Piyasalarda Fed’in duracağı beklentisi ve borç tavanı anlaşmasıyla ralli yaşanıyor.
ABD borç tavanı krizinin aşılması sonrası yatırımcılar odağını Fed’e çevirirken ABD Merkez Bankası’nın da durma sinyali vermesi risk iştahını kabartıyor.
Perşembe günü Amerikan Borsaları yaşanan bu gelişmeler üzerine ralli yaparken Nasdaq 100 yüzde 1,3, S&P 500 yüzde 1 yükseldi. İki endeksin vadelileri de yükselişin sürebileceğine işaret ediyor.
Pozitif atmosfer Asya Pasifik’e de yansıyor. Bugünkü seansta bir ara yüzde 4 artan Hang Seng endeksi Çin teknoloji şirketlerine gelen alımla yükseldi.
Risk faktörlerinin ortadan kalkmasıyla birlikte dolar gelişmiş ülke para birimlerine karşı sert düştü. Bloomberg Dolar Endeksi perşembe günü yüzde 0,6 ile iki aydan uzun bir sürenin en sert günlük düşüşünü yaşadı. Endeks bugün de yüzde 0,2 geriliyor.
Fed’in faizi sabit tutması beklentilerinin güç kazandığı bu hafta ABD iki yıllık tahvil getirisi 21 baz puan birden gerileyerek yüzde 4,35’e indi.
Fed yetkililerinden ‘sabit faiz’ sinyalleri artıyor
Fed üyesi Patrick Harker bankanın faiz artışlarına ara vermesi gerektiği vurgusunu güçlendirdi. Bu sene oy hakkı bulunan Philadelphia Fed Başkanı, “Faizleri sabit tutacağımız ve para politikasının enflasyonu düşürmek için işini yapacağı noktaya yakın olduğumuzu düşünüyorum” dedi.
National Association for Business Economics etkinliğinde konuşan Harker “En azından bu toplantıyı pas geçmeliyiz. Ara vermemiz gerekli” ifadelerini kullandı. Bu sene oy hakkı bulunmayan Fed’in şahin üyelerinden James Bullard ise yayımladığı makalede faizde “enflasyonu indirmek için yeterince kısıtlayıcı seviyelerin alt bandındayız” görüşünü dile getirdi. Son 14 ayda 5 yüzde puan faiz artıran Fed’in bir sonraki toplantısı 13-14 Haziran’da gerçekleştirilecek.
Mayıs ayı otomobil ve hafif ticari araç pazarı bir önceki yıla göre yüzde 70,9 artarak 111.356 adet oldu. Böylece Mayıs ayları bazında rekor adete ulaşılarak, Nisan’da görülen rekor satış devam etti.
Otomotiv satışlarında aylık rekorlar serisi devam etti.
Otomotiv Distribütörleri ve Mobilite Derneği (ODMD) verilerine göre, 2023 yılı Mayıs ayı otomobil ve hafif ticari araç pazarı 2022 yılı Mayıs ayına göre yüzde 70,9 artarak 111.356 adet oldu.
Mayıs ayında otomobil satışları bir önceki yılın aynı ayına göre yüzde 68,5 artarak 87.218 adet olurken, hafif ticari araç pazarı yüzde 79,9 artarak 24.138 adet oldu.
Otomobil ve hafif ticari araç pazarı 10 yıllık Mayıs ayı ortalama satışlara göre yüzde 69,1 artış gözlendi.
Otomobil pazarı, 10 yıllık Mayıs ayı ortalama satışlara göre yüzde 69,2 artış gösterdi.
Hafif ticari araç pazarı, 10 yıllık Mayıs ayı ortalama satışlara göre yüzde 69,1 arttı
Beş ayda satışlar 445 bini aştı
Ocak-Mayıs ayında otomobil ve hafif ticari araç pazarı ise yüzde 60,5 oranında arttı.
Türkiye otomobil ve hafif ticari araç toplam pazarı, 2023 yılı Ocak-Mayıs döneminde bir
önceki yılın aynı dönemine göre yüzde 60,5 oranında artarak 445.006 adet olarak gerçekleşti.
Otomobil satışları, 2023 yılı Ocak-Mayıs döneminde geçen yıla göre yüzde 58,8 ororanında
artarak 340.037 adet, hafif ticari araç pazarı yüzde 66,3 artarak 104.969 adet oldu.
Otomobil ve hafif ticari araç pazarı 2023 Mayıs ayında yüzde 70,9, otomobil pazarı
yüzde 68,5, hafif ticari araç pazarı ise yüzde 79,9 oranında arttı.
The debt sale was the first of its kind for the French sustainable agriculture business.
Lamar Olive Oil has issued an on-chain bond using Obligate in a first for the sustainable-agriculture industry, the Switzerland-based decentralized finance (DeFi) platform said Thursday.
The French company’s bond is the first issuance to be denominated in Membrane Finance’s EUROe, which the company says is the only EU-regulated crypto stablecoin.
The underwriting and structuring process, including credit evaluation and ongoing risk monitoring was conducted by Obligate’s credit rating partner Credora, the company said.
Obligate, which is built on the Polygon blockchain, helps small and medium-sized enterprises by providing a safe and transparent way of issuing, tracking and settling debt, and with the thresholds to issue bonds lowered, companies in developing and emerging markets can gain increased access to funding.
Smart contracts replace the role of the issuer and paying agent in the settlement layer of a traditional bond issuance.
Kraken also saw a fivefold increase in app downloads within a week of OKX saying it was leaving the country back in March.
Cryptocurrency exchange Kraken is reaping the benefits of staying in Canada after rivals such as Binance and OKX said they plan to withdraw.
Kraken’s customer deposits in the country grew by 25% in the weeks following Binance’s announced departure in early May, and it saw a fivefold increase in downloads of its two mobile apps for Canadian clients within a week of OKX saying it planned to leave back in March. A Kraken representative shared the data with CoinDesk via email.
Canada tightened its regulatory framework for digital asset trading earlier this year, resulting in an exodus of some of the largest crypto exchanges. As well as Binance, the largest exchange by volume traded, and OKX, crypto firms Paxos, Blockchain.com and Deribit all announced their departures. The most recent leaver was Bybit, earlier this week.
Like Kraken, Nasdaq-listed exchange Coinbase (COIN) said it was happy to commit to Canada’s enhanced Pre-Registration Undertaking (PRU). When compared with the lack of clarity in the U.S., Coinbase went as far as saying it loved working with a regulator the firm could engage with.
Kraken has been in Canada for over 10 years, has more than 250 staff there and has been a money services business in the country since 2019, the firm’s managing director for Canada, Mark Greenberg, pointed out.
“I think the Canadian regulatory approach works for us,” Greenberg said in an interview with CoinDesk. “There are things we really liked about it; things we’ve been doing forever, like the focus on security on customer assets, for example. And then there are things we don’t like as much about it, such as some of the limits on trading and margin.”
One of the demanding new provisions for crypto exchanges set out by the Canadian Securities Administrators (CSA) earlier this year, is the requirement that firms hold a large proportion of client assets with a third-party custodian.
“We’ve all committed to using a third-party custodian as part of the commitments we’ve made, and I think we will continue to have that discussion with the regulators,” said Greenberg. “It’s one of those things where there are pros and cons, and I think the regulator is aware of the pros and cons and options around this. At the end of the day, what matters most for us is that our clients’ assets are safe and secure and not open for rug pulls or other types of things.”
The market, which was replaced by a new version, has been in close-only mode for months, but about $150,000 remains on the original platform.
Community members of Synthetix, a liquidity and derivatives trading protocol built on Ethereum, approved a plan intended to get customer money still on the soon-to-shut version one (v1) of its perpetuals market moved over to version two (v2).
Though v1 has been winding down for the past three months, roughly $150,000 worth of positions remain outstanding. The approved plan will gradually increase the margin requirements on existing positions to eventually liquidate all remaining positions on v1.
The change highlights Synthetix’s focus on its v2 perpetuals markets, which had $22 million in volume over the past day, data from a dashboard created by the Synthetix community shows. Synthetix’s v2 perpetuals markets, which launched in December, increases capital efficiency and improves risk management for market liquidity providers, representing a “significant upgrade” from v1, according to a blog post.
The motivation behind the recent governance proposal was to shut down Synthetix’s v1 perpetuals market “in the least intrusive manner,” allowing users to close their positions with enough time, as stated in a Synthetix’s governance discussion forum.
The price of SNX, the native token for Synthetix, has increased 1.7% in the past 24 hours to $2.36, per CoinGecko, while data from DefiLlama shows that the total value locked for Synthetix stands at $417.7 million, a 2% increase since May 1.
LTC has outperformed both bitcoin and ether over the last 30 days.
Litecoin (LTC) has begun the month with a rally, rising 7% over the last 24-hours, with bulls noting the network’s halving in two months and a significant uptick in activity in May.
It continues a period of overperformance for litecoin, which is up 7.5% over the last 30 days, the third-best result among crypto assets over that period, and topping bitcoin, which is down 6.2% and ether, which has edged lower by 0.5%
Litecoin’s network activity has been picking up all year and more intensely since the beginning of April. Data from IntoTheBlock shows that the total of addresses holding a balance has now pushed to nearly 8.5 million.
Litecoin is also approaching a halving in August which analysts are deeming a significant event for both the network and the price of LTC. Similar to the oft-noted bitcoin halving, the litecoin halving will see its block reward (paid in LTC) slashed by half.
Litecoin is a lot cheaper in terms of units compared to bitcoin, which attracts investors looking to position themselves ahead of the halving, according to Charles Storry, head of growth at Phuture, a crypto index platform. “From investors I’m speaking with, they anticipate the halving to push the price of BTC, LTC and the market,” said Storry.
Litecoin might also be benefitting from the congestion that the Bitcoin network has been witnessing due to the recent burst of activity related to the Ordinals protocol, and leading to soaring costs for users.
“Because of Ordinals and BRC20 tokens taking up large shares of transaction volume on Bitcoin of late, fees have increased as well as the time to process transactions on the network,” said Brent Xu, chief executive officer and co-founder of Umee.
“Litecoin, in a sense, is an old-school clone of BTC and in turn serves a similar purpose,” added Xu. “And this is why you’re probably seeing more people transact in LTC at the moment – it’s serving as an outlet of sorts during a time of BTC congestion,” he said, though cautioning that this has happened before and LTC’s outperformance may thus not be sustainable for the long term.
Nauman Sheikh, Head of Protocol and Treasury Management at Wave Digital Assets, agreed that the halving is influencing the current price performance, noting a 30% rise in open interest for litecoin futures and perpetual contracts during the last week of May.
BTC and ether both lost ground in May, the first monthly decline of 2023. LTC and RNDR were among the month’s big gainers.
May gray turned to June gloom on Thursday as crypto prices veered slightly into the red.
Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at about $26,950, down 0.5% over the past 24 hours and the second consecutive day BTC dropped below $27,000, according to CoinDesk Indexes. The inauspicious beginning to June carried over the downward trend from May when bitcoin’s price dipped almost 4% to break a four-month streak of gains.
Bitcoin soared more than 60% from January, reaching to about $31,000 at one point in mid-April as crypto regained its luster as a safe-haven asset following a string of U.S. bank failures that raised concerns about traditional finance.
“Anytime you have an asset that has a significant volatility such as cryptocurrency, any real monthly move that is under a safe flat fee of 5% is relatively muted,” CoinDesk Head of Index Research Todd Groth told CoinDesk’s “First Mover” program on Wednesday. “The broad CMI was down about 2% to 3%. In the context of how much these assets can move over historical basis, it’s really a bit of a choppy month. Now we’re looking for that next big narrative to move higher.”
Groth noted optimistically that markets had recently priced in a resumption of more hawkish monetary policy after hopes rose in early May amid encouraging signs that inflation was waning enough to allow the U.S. central bank to halt its nearly year-long campaign of interest rate increases.
“We have repriced interest rate expectations to not be so dovish without any sort of big market correction lower, so that has been positive,” Groth said but added that the “repricing interest rates higher” has also been a sort of a headwind.”
Ether, the second largest crypto in market value, was recently trading at about $1,870, up slightly from Wednesday, same time. Other major digital assets were mostly down, albeit not by much, although litecoin was an exception as it recently rose more than 7% with investors seemingly buoyed by the network’s halving in two months and a jump in activity in May.
Groth noted that LTC and RNDR, the token of the Render Network, a provider of decentralized graphic processing units-based rendering solutions, ranked the CoinDesk Indexes biggest gainers for May. LTC and RNDR have risen roughly 20% and 7.5% over the past 30 days. “We’ve seen the narrative of GPUs broadly repurposed to be these big AI (artificial intelligence) clusters and Render is effectively a decentralized AI cluster,” Groth said. “So there’s no surprise that on a relative basis, it outperformed, given the buzz and hype over Chat GPT, all these LLMs. That caught some of that Nvidia bump up.”
The CoinDesk Market Index, a measure of crypto markets performance, recently sank 0.4%.
Meanwhile, stocks rose a day after the U.S. House of Representatives passed a bill to raise the debt limit ensuring the government could meet its financial obligations at least for the near-term and avoid a shutdown. The tech-heavy Nasdaq Composite and S&P 500, which has a hefty technology component, both rose about a percentage point. Gold inched up 0.6% to above $1,995, although it remains well below its near record high of nearly a month ago.
In an email to CoinDesk, Leo Mizuhara, CEO of institutional crypto management platform Hashnote, wrote that crypto markets had “dodged a bullet, thanks to the resolution to the debt ceiling crisis and a growing embrace of digital assets in Asia, particularly in Hong Hong, which has been trying to create easier access for retail investors.
But he added that he is “not expecting a huge breakout for Bitcoin at the moment, and compared the current stasis in markets to 2019 when investors were recovering from an extended bear market.
“We’re basically in a builder’s market,” Mizuhara wrote. “A lot of interesting protocols and companies are being launched. Venture funding is creeping back in. So, like in 2019, we’re likely in this build-up phase that sees a lot of positive energy flowing into the space that in turn sets the foundations for the next bull cycle. Despite the difficulties facing the crypto industry in the United States, what’s happening globally makes it hard not to feel optimistic right now.”
USDT has reached a $83.2 billion market capitalization, recovering all the losses since the implosion of blockchain project Terra more than a year ago.
Stablecoin issuer Tether’s USDT has regained its previous all-time high market capitalization despite a shrinking stablecoin market.
USDT reached an $83.2 billion market capitalization on Thursday, the company reported, equaling its previous peak little more than a year ago. It has recovered all of the $18 billion it lost since the dramatic implosion of blockchain project Terra in May 2022 and following market rout.
Tether’s milestone is significant as it runs counter to a 14-month stablecoin market decline. Stablecoins are a $129 billion subset of cryptocurrencies and key plumbing in blockchain-based finance, bridging government-issued fiat currencies with digital assets and facilitating trading.
See also: Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves
USDT has greatly benefitted from the recent woes of its closest rivals. The second largest stablecoin USDC, which is issued by Circle, was hit by the implosion of banking partner Silicon Valley Bank in March, and subsequent wobbles in its price stability are still weighing on the token. The one-time $20 billion Binance USD (BUSD) was essentially given an expiry date when New York state regulators forced issuer Paxos to stop minting new tokens in February.
Tether has been criticized for years for lack of transparency about its reserve assets, including potentially risky loans to undisclosed debtors. Last year, a U.S. judge ordered the firm to produce documents about USDT’s backing as part of a lawsuit that alleged Tether conspired to manipulate the bitcoin (BTC) price with freshly minted tokens. A Wall Street Journal article reported that in the past, the company used falsified documents to get bank accounts.
Stablecoin holders, however, have flocked to USDT during this turbulent period due to its perceived safety from U.S. regulators and banks, propelling its market share to its highest level in at least 22 months.
“Tether’s rise suggests peg stability is far more important for most stablecoin holders than issuer transparency,” Conor Ryder, an analyst at digital asset research firm Kaiko, noted in a report.
A Kaiko report last month raised suspicion about what it termed USDT’s “inordinate” market cap surge because the increase was inconsistent with a plunge in trading volumes to multi-year lows. Other stablecoins’ market cap has generally correlated with trading volumes.
Paolo Ardoino, Tether’s chief technology officer, said in an interview with The Block that the difference comes from USDT’s growing use for payments predominantly in the developing world, which now accounts for about 40% of all token activity.
On 25 May 2023 we published a story headed “Alameda-Backed ‘Samcoins’ CEO Alex Grebnev Sued by Coin Telegraph Owner Gregory Fishman. ” Those individuals are engaged in a lawsuit (a claim and counterclaim) in the High Court in London relating to the …
On 25 May 2023 we published a story headed “Alameda-Backed ‘Samcoins’ CEO Alex Grebnev Sued by Coin Telegraph Owner Gregory Fishman.” Those individuals are engaged in a lawsuit (a claim and counterclaim) in the High Court in London relating to the meaning and effect of a 2020 US$750,000 option agreement. Our account of Mr. Fishman’s claims in that lawsuit was incorrect, and we are happy to set the record straight and to confirm that the claims in the litigation do not allege the misconduct by Mr. Grebnev stated in our story. We apologize unequivocally for our error. We have taken down the article and shall not republish it.
