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Ukrainian President Volodymyr Zelenskyy announced that he has appointed former Ukrainian Ambassador to the United States, Irina Markarova, as his advisor on reconstruction and investment.On November 30th, Canadian Solar announced that it plans to adjust its US market business by establishing two new joint ventures, M and N, with its controlling shareholder, Canadian Solar Inc. (CSIQ). CSI will hold 24.9% of the shares, and CSIQ will hold 75.1%. Company M will focus on the US photovoltaic business, while Company N will focus on the US energy storage business. Simultaneously, the company plans to restructure its US manufacturing plant, with CSIQ holding 75.1% and CSI holding 24.9%, to obtain a one-time equity transfer consideration and subsequent ongoing equity gains from the 24.9% stake in the US business. This transaction and the waiver of commitments have been approved by the board of directors and are subject to shareholder approval.On November 30th, Baili Tianheng announced that its wholly-owned subsidiary, SystImmune, recently received a $250 million milestone payment from BMS. According to the cooperation agreement, the company is also eligible for up to $250 million in near-term contingent payments, as well as additional payments of up to $7.1 billion upon achieving specific development, registration, and sales milestones.On November 30th, Zhuochuang Information announced that it submitted an application to the Hong Kong Stock Exchange on November 28th, 2025, for the issuance of overseas listed shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. The application materials for this issuance and listing were also published on the Hong Kong Stock Exchange website on the same day. The issuance and listing are subject to approval, authorization, or filing by relevant government agencies, regulatory bodies, and stock exchanges, and will be implemented only after comprehensive consideration of market conditions and other factors. Therefore, the matter remains subject to uncertainty.On November 30th, Japanese Finance Minister Satsuki Katayama stated on Sunday that the recent sharp fluctuations in the foreign exchange market and the rapid depreciation of the yen were clearly not driven by fundamentals. "Our position is to issue a warning about such events," Katayama said. She reiterated that currency intervention is still possible in response to excessive yen volatility and speculative movements. This aligns with the September Japan-US joint statement, which stated that exchange rates should be determined by the market. On Monday, the market will closely watch for comments from Bank of Japan Governor Kazuo Ueda to see if he signals a possible interest rate hike at the Bank of Japans December meeting.

ADA Price Prediction: Bulls Target $0.450 after Return to $0.400

Jimmy Khan

Oct 26, 2022 15:20

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ADA was one of the leading cryptocurrencies during the bullish Tuesday session. For the first time since September, $0.50 becomes relevant due to a change in mood.


Tuesday saw a 12.04% increase in ADA. ADA finished the day at $0.400, reversing a loss of 1.38% from the previous day. ADA avoided sub-$0.35 for the second time in seven sessions and finished the session at $0.40 for the first time in fifteen sessions.


ADA dropped to a morning low of $0.357 due to range-bound trading. ADA soared to a late high of $0.417 while avoiding the First Major Support Level (S1) at $0.352. For the first time since October 10, ADA crossed through the Major Resistance Levels to close the day at $0.400.


The breakout session was driven by a broad-based cryptocurrency surge and a persistent change in public opinion toward the Cardano network.


Cardano's investor sentiment portrays a more positive ADA outlook.


The mood of cryptocurrency investors regarding the Cardano network has significantly changed recently. Although the weekly Input Output HK (IOHK) figures did not show much promise, ADA has been able to catch up to the larger crypto market thanks to expectations of an uptick in activity.


As of Monday, October 24, ADA has decreased 22.05% since the Vasil hard fork. The cryptocurrency market, in contrast, fell 1.85%. The gap, however, started to close during Tuesday's breakout session as a result of a change in market perception of the Fed's monetary policies. The cryptocurrency market increased by a relatively moderate 4.49%, while ADA increased by 12.04%.