According to a report by Jinse Finance, it is said that the Dutch bank ING is working with other TradFi and Crypto Assets companies to develop a new stablecoin.

According to Gate.io News bot and COINDESK, ING is collaborating with Financial Institutions and Crypto Assets companies to develop a new stablecoin. The project is led by ING Bank and is currently in the development stage. As one of the largest Financial Institutions in Europe, ING Bank's foray into the Crypto Assets field demonstrates the exploration of blockchain technology by traditional Financial Institutions. Reports indicate that this is ING's first foray into the stablecoin development field, with the project bringing together multiple forces from the TradFi and Crypto Assets industries.

The dollar hovers near a one-week low, with concerns raised by weak US economic data and the possibility of Trump pushing for retaliatory tariffs, potentially accepting the cost of a recession. ING pointed out that if US-Russia ceasefire talks progress on Tuesday, reduced safe-haven demand could lead to further dollar weakness.

Odaily Planet Daily News prediction market Polymarket has already bet over 1.9 billion US dollars on the US election. Data shows that Trump's probability of winning the US presidential election is currently at 56%, while Harris's probability of winning the election is currently at

(1) Oil prices fluctuated in a narrow range on Tuesday, basically holding on to most of the overnight gains, after three consecutive sessions of gains, with U.S. crude holding above its nearly 200-day moving average and currently trading near $78.40 a barrel, and Brent crude currently trading near $82.69 a barrel as the Organization of the Petroleum Exporting Countries (OPEC) reported that market fundamentals remain strong, in addition, the market fears that supply may be disrupted as the United States cracks down on Russian oil exports. (2) ING analysts said in an email that "after a sharp sell-off in the market over the past three weeks, oil has found some support... While the fundamentals may not be as rosy as initially thought, they remain supportive and there may be a supply gap in the market for the rest of the year. ” (3) "If Saudi Arabia extends additional voluntary production cuts, the surplus early next year could even be eliminated," they added. ” (4) In its monthly report, OPEC blamed speculators for the recent drop in oil prices. It also slightly raised its forecast for global oil demand growth in 2023 and stuck to its relatively high forecast for 2024. (5) The U.S. Department of Energy plans to purchase 1.2 million barrels of oil to replenish the Strategic Petroleum Reserve. (6) U.S. crackdown on Russian oil exports also supported oil prices as it threatened to disrupt supply. The U.S. Treasury Department has issued notices to ship management companies asking them to provide information on more than 100 vessels suspected of transporting Russian crude at prices higher than the Western oil price cap.

Dutch international group (ING) has started using artificial intelligence for currency pricing, stating that AI's pricing ability is stronger than that of humans. The new AI model adopts 'reinforcement learning' technology, imitating the trial and error process of humans, adapting to market Fluctuation to make pricing decisions, drop operating costs, improve competitiveness, and reduce dependence on traders in the future.

(1) Crude oil fell in early Asian trading on Wednesday after data from the American Petroleum Institute (API) said crude inventories rose more than expected last week and investors' expectations for the Federal Reserve to cut interest rates eased. (2) Brent crude futures are currently down 0.46% at $82.38. U.S. West Texas Intermediate (WTI) crude futures fell 0.3% to $77.56 a barrel. (3) U.S. crude inventories rose by 8.52 million barrels in the week ended Feb. 9, well above the 2.6 million barrels expected by survey analysts, according to API data. (4) ING analysts noted in a report that "the growth of crude oil inventories is quite Unfavourable information." However, this was offset by a sharp decline in oil inventories. ” (5) API data showed that gasoline inventories fell by 7.23 million barrels and distillate inventories fell by 4.02 million barrels, both of which far exceeded analysts' expectations. (6) Official data from the U.S. Energy Information Administration (EIA) will be released at 23:30 on Wednesday. (7) Tuesday's data showed that U.S. consumer inflation remained elevated last month, which also weighed on the market. Investors are now expecting the Fed to wait longer before cutting interest rates, which could dampen economic growth and oil demand. The U.S. dollar rose to a three-month high as the market cut interest rate cut expectations, leaving oil bulls wary

The market's expectation of a 50 basis point rate cut by the Fed has suddenly heated up, but a report released by ING predicts a slim majority of a 25 basis point rate cut at next week's FOMC meeting, and believes that the Fed is unlikely to break the trend of dollar depreciation, and the market will continue to follow suit.

BlockBeats News, on September 5th, according to market information, TaxFarm.ing Token FARM, a new token issuance platform in the ETH ecosystem, went live and was priced at $0.0039 after 5 hours, with a growth rate of over 214% in the past hour. According to the official website, the platform will support earning 50% of the platform's revenue directly in ETH by staking FARM.

ING NOTED THAT U.S. RETAIL SALES MAY BE WEAK IN JANUARY, GIVEN THE POOR AUTO SALES DATA THAT HAS ALREADY BEEN RELEASED. Bad weather has undoubtedly played a role, but the high cost of borrowing credit cards, car loans and personal loans, which are at a high level for more than 20 years, is also a factor. There is also growing evidence that excess savings accumulated during the pandemic will support spending.

The Yen/Dollar Exchange Rate has pumped, showing a preference for safe-haven currencies. The strength of the yen may lead to a negative feedback loop for global risk assets, increasing the risk of a strong yen. As the Fed's rate decision approaches, the Arbitrage trade may continue to unwind, and the market may rise and fall, as economic concerns and yen strength reignite the Arbitrage trade.

After the 200-day moving average rebounds at $80.02, it may further rebound to $83.50. "Sycamore said, 'I believe there are enough reasons to believe that this situation will occur, especially considering the real estate measures announced by the major Asian countries last week.'" Brent crude oil rose by about 1% last week, the first weekly increase in three weeks; U.S. crude oil rose 2%, as economic indicators for the two largest oil-consuming countries in the world, the United States and China, improved. Despite the volatile situation in the region, oil prices only fluctuated slightly. "8 Dutch International Group (ING) commodity strategy director Warren Patterson said, "The oil market is still fluctuating within a range. Without any new catalysts, we may have to wait for clarity on OPEC+ production policies to break through this range. The market seems increasingly indifferent to the development of geopolitical situations, which is likely due to OPEC's large amount of idle production capacity." The Organization of the Petroleum Exporting Countries (OPEC) and its allies are scheduled to hold a meeting on June 1st." MST Marquee's energy analyst Saul Kavonic said that the market and industry have become accustomed to the leadership position of Saudi Arabia's Crown Prince Mohammed in the energy sector. "Whether or not there is this health issue, the continuity of Saudi strategy is to be expected."

The United States and Britain launched airstrikes against Yemen's Houthi rebels, and oil prices soared today. The main danger for oil prices is that if Iran were to be drawn directly into the conflict, this could threaten production and flows in the Middle East, which accounts for about one-third of world production. Warren Patterson, head of commodity strategy at ING Groep NV, said: "The increased likelihood of disruptions and the need for vessels to divert will give price upside. The bigger risk is that if this spreads, the outflow of goods from the Persian Gulf will be threatened. While this risk is low, the impact can be significant. Vandana Hari, founder of consultancy Vanda Insights, said: "Price Fluctuation is definitely here to stay, with both bearish fundamentals and support for Middle East risk premiums. As it stands, both are expected to continue to function in the coming months. ”