A New Study Estimates the Volume of Water Flowing Through Earth’s Rivers

Accurate assessments of global river flows and water storage are important to inform water management practices, but current estimates of global river flows represent a significant spread, and river storage Estimates remain sparse. Estimates of river flow and water storage are hampered by uncertainty in land runoff, an unobserved quantity that provides water withdrawal to rivers. In a new study, geoscientists at NASA's Jet Propulsion Laboratory and elsewhere leverage an ensemble of global streamflow observations and land surface models to create a globally gauge-corrected monthly streamflow and storage dataset. Generating. They estimate the average global river storage capacity to be 2,246 km .3 (This is equivalent to half of the water in Lake Michigan, about 0.006% of all fresh water, which itself is equivalent to 2.5% of the Earth's volume) and 37,411 km of the world's continental streams.3 per year.

collins other. Estimates flows through 3 million river segments characterized by intense human water use, including the Colorado River, Amazon River, Orange River, and parts of the Murray-Darling River basin (shown here in gray) identified locations around the world. Image credit: NASA.

Rivers are considered the most renewable, most accessible, and therefore most sustainable sources of fresh water.

Therefore, several studies have attempted to quantify the world's river waters.

However, surprisingly little is known about the average and temporal variation in global river water storage, and even more so, about the temporal variation in global river discharge.

“Over the years, researchers have made numerous estimates of how much water flows from rivers to the ocean, but estimates of how much water rivers collectively hold (known as water storage) “There are fewer and more uncertainties,” said Dr. Cedric David. A researcher at NASA's Jet Propulsion Laboratory.

“We don't know how much water we have in our accounts. Population growth and climate change are further complicating the problem.”

“There are many things we can do to manage our water usage and ensure there is enough water for everyone, but the first question is: How much water do we have? It's the basis of everything else. is.”

In this study, Dr. David and colleagues used a new methodology that combines flow meter measurements with computer models of about 3 million river segments around the world.

They identified the Amazon Basin as the region with the most river water storage, with approximately 850 km of water storage.3 Water amount – approximately 38% of global estimates.

The same basin discharges the most water into the ocean: 6,789 km3 per year. This corresponds to 18% of the emissions into the world's oceans, which average 37,411 km.3 Years from 1980 to 2009.

Although it is impossible for a river to have a negative flow rate, the study's computational approach does not take into account upstream flows, but it is possible that some river segments receive less water than they enter. It may leak.

Researchers found similar findings in parts of the Colorado, Amazon, and Orange river basins, as well as the Murray-Darling basin in southeastern Australia. These negative flows mainly indicate heavy water use by humans.

“These are places where we see evidence of water management,” says Dr. Elissa Collins, a researcher at the University of North Carolina at Chapel Hill.

of study Published in a magazine natural earth science.

_____

Elle Collins other. Global patterns of river water storage dependent on residence time. nut.earth science, published online March 15, 2024. doi: 10.1038/s41561-024-01421-5

Source: www.sci.news

India’s crypto surveillance causes WazirX volume to plummet

The trading volume of India’s top cryptocurrency exchange WazirX has fallen to $1 billion in 2023. This comes as the platform faced a broader downturn in global digital asset prices and stocks, as well as increased regulatory pressure in its home market.

This year, the total volume of cryptocurrencies traded on WazirX’s platform decreased by 90% compared to 2022, when the volume reached $10 billion, and by 97% compared to $43 billion in 2021.

WazirX, which is in a dispute with Binance over ownership of the Indian company, cast the latest figures in a positive light, touting the total transaction value at $1 billion in a public statement on Tuesday. However, the exchange is careful to contextualize this number by skipping the much higher levels seen in 2021, when crypto fever was at its peak, and even in 2022, before the sell-off took hold. Rejected.

The 97% drop in trading volume comes as WazirX faces increasing regulatory pressure from Indian authorities, forcing the country’s once booming crypto sector to fight for survival. India started taxing cryptocurrencies last year, imposing a 30% tax on profits and a 1% deduction for each crypto transaction. Indian lawmakers have consistently praised Prime Minister Narendra Modi’s leadership in protecting Indians from fraud involving the cryptocurrency market and the dramatic decline in asset prices.

New Delhi-based think tank Esya reported earlier this year that local tax rules are forcing many Indian traders to use foreign platforms such as Binance and Coinbase. Coinbase has since stopped onboarding new customers in India.

A tightening regulatory crackdown on cryptocurrencies in India has thrown a damper on local investors who were once eager to back the country’s crypto startups. The unfavorable climate, which Binance previously cited as the basis for its wariness about expanding into India, has made venture capital firms dramatically wary of exposure to the thorny sector, according to people familiar with the matter.

Many of the top India-focused venture capital firms that were enthusiastically backing crypto companies last year have since pivoted to other industries, according to people familiar with the matter.

Source: techcrunch.com

Monthly Futures Spread Trading Volume on OKX Liquid Marketplace Skyrockets to Record-High $1.54 Billion, Surpassing September Performance

OKX a leading cryptocurrency exchange and Web3 technology company, today announced: futures spread trading volume Moreover liquid marketplace, a spot OTC, futures spread and options liquidity network, reached a monthly high of USD 1.54 billion in September 2023. This achievement is 62%* Institutional market share of futures spreads for the current month.

From July 2023 onwards launch OKX Accumulation of Nitro Spread, a venue for institutional investors to execute basis, futures spread, and funding rate arbitrage strategies under OKX’s Liquid Marketplace futures spread amount It led the market from August 28, 2023 to October 11, 2023.

OKX futures spread volume was also strong on the “high watermark” volume days, with OKX futures spread notional volume increasing four times within the date range (September 12th, September 19th). , September 28, and October 10) crossed the 100 million USDT mark. 2023).

These volume milestones solidify OKX’s position liquid marketplace The go-to place for institutional investors looking to take advantage of superior liquidity in a wide range of trades including futures spreads, spot OTC basis, options and more.

OKX Chief Commercial Officer Lennix Lai said: “The latest futures spread volume figures confirm that the OKX Liquid Marketplace is a diverse ecosystem of counterparties pursuing a variety of trading strategies, making it the trading venue of choice for institutional traders. We have worked hard to develop the products, liquidity, and intuitive trading features that traders demand in a highly competitive market environment. We will adapt it to the needs of customers and further expand our customer base.”

Since its launch in July 2023, OKX has announced on October 6th nitro spread Cumulative trading volume exceeded 2 billion USDT.

Nitro Spreads is a place for institutional investors to execute advanced strategies and efficiently drive delta rolls on OKX’s liquid marketplace. Nitro spreads allow both legs of a trade to be executed through a central order book, minimizing leg risk between markets and providing increased capital efficiency for institutional traders. Traders can also select a guaranteed spread for a trade before execution to reduce unexpected price slippage. The transaction is then matched and settled immediately.

*sauce: Lavitas

OKX is the world’s leading cryptocurrency exchange and innovative Web3 company. Trusted by over 50 million users worldwide, OKX is known as the fastest and most reliable crypto trading app for traders around the world.

As a top partner for English Premier League champions Manchester City FC, McLaren F1, Olympian Scotty James and Formula 1 driver Daniel Ricciardo, OKX aims to enhance the fan experience with new engagement opportunities. OKX is also a top partner of the Tribeca His Festival as part of its efforts to bring more creators to his Web3.

OKX Wallet is the platform’s newest offering for those who want to explore the world of NFTs and the Metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security, and we publish the evidence every month.

To learn more about OKX, download the app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. This is not intended to provide investment, tax, or legal advice, nor should it be considered an offer to buy, sell, hold, or offer any services related to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can be highly volatile, and may even become worthless. Leveraged trading of digital assets magnifies both your potential profits and potential losses and can result in a loss of your entire investment. Past performance is not indicative of future results. You should carefully consider whether trading or holding digital assets is suitable for you, especially if you are considering the use of leverage. You are solely responsible for your trading strategies and

Source: the-blockchain.com