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SK Hynix is reportedly considering paying a 0.5% fee on its massive ADR offering.On July 4th, a team led by Professor Yang Yuchao of the School of Integrated Circuits at Peking University, in collaboration with a team led by Researcher Song Zhitang of the Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences, successfully developed the worlds first neurodynamics system-on-a-chip based on phase-change memristors. This breakthrough reduces the single-step latency of such complex calculations to 2.12 milliseconds for the first time. In tasks such as cortical reconstruction, this represents a speedup of 50 to 478 times compared to current advanced graphics processing units (GPUs), overcoming a real-time computing bottleneck that has constrained neurodynamics for half a century. The relevant findings were published in *Science* on the morning of July 3rd.On July 4, Jiang Lue, spokesperson for the China Coast Guard, stated that the Xiushan frigate flotilla replaced the Daishan frigate flotilla on July 4 and continued its law enforcement patrols in the waters east of Taiwan. Since June, the Daishan frigate flotilla has continuously conducted patrols, verification operations, and fishery protection and rescue operations in the relevant waters to ensure normal navigation and operational order and safeguard the legitimate rights and interests, as well as the lives and property of Chinese fishermen, including compatriots from Taiwan. The China Coast Guard will continue to strengthen law enforcement patrols in waters under its jurisdiction and resolutely safeguard national territorial sovereignty and maritime rights.July 4th - US President Trump: The US economy is booming! The stock market just recorded its best quarterly performance since my last term. The S&P 500, Nasdaq, and Dow Jones indices all surged, and Americans 401(k) retirement accounts continued to grow. My tax cuts for working families have put more money in American pockets. The US trade deficit continues to narrow, and exports have hit record highs for several consecutive months. The US is building, producing, and selling at an unprecedented pace. The trillions of dollars in new investment attracted under my administration mean more factories, more jobs, and more opportunities for the American people. This is victory. Americas "golden age" has begun, and this is just the beginning!July 4th - The Fujian Provincial Government recently issued the "15th Five-Year Plan for Digital Fujian," further detailing the development goals and key tasks for the construction of Digital Fujian during the 15th Five-Year Plan period. The plan proposes that by 2030, the provinces level of digital and intelligent development will reach a leading position domestically, continuously consolidating its advantages in areas such as market-oriented allocation of data elements, industrial digitalization, digital government construction, and the digital and intelligent development environment, making Digital Fujian a benchmark for the construction of Digital China. Specifically, it aims to achieve an average annual growth rate of over 8% in the added value of the core digital economy industries over the next five years.

The Bogged-down Crypto Market

Cory Russell

Oct 08, 2022 14:09

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The market remained inside the range that has been in place since the second half of September once again as a result of the 50-day moving average in BTCUSD acting as local resistance.


At the time of writing, Bitcoin was trading slightly under $20K, down 1.9% over the previous day.


Investors in the cryptocurrency market have been deterred from purchasing as a result of a rapid rise in stock markets that has slowed down in recent days due to uncertainty. The market's capitalization dropped 1.6% over night to $956.

News context

We've lately seen some stability in the bitcoin market, according to Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX. But when the Fed's monetary policy becomes more restrictive, it has an impact on all assets, leading cryptocurrencies as well as fiat money and stock indices to change.


Hoarders have amassed a record 13.7 million coins, or 71.5% of the whole BTC supply, according to Ark Invest, purchasing the cryptocurrency that has been falling since the spring. Additionally, vendors have almost reached the limits of their ability to sell.


Due to a higher dollar last week, the connection between bitcoin and gold hit its highest point in more than a year, according to Kaiko. Despite a Fed rate rise, gold and bitcoin failed to exert their role as haven assets.


The huge centralized and regulated Binance and Coinbase will be the main targets of the EU's ban on Russian cryptocurrency wallets, which may increase demand in smaller exchanges with laxer KYC but generally increase the danger of more active cryptocurrency sales.