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July 2nd - According to Nikkei, Apple plans to launch an ambitious iPhone lineup in the second half of this year and the first half of 2027, including at least five new models, and will increase foldable phone production to higher levels than previously expected in order to seize market share amid industry-wide shortages of key components. Sources familiar with the matter said Apple has asked suppliers to prepare production of approximately 10 million foldable iPhones this year, higher than the 7 to 8 million units predicted in previous months. The company has already ordered approximately 80 million smartphone-related components and parts for these new models, which will launch in the second half of 2026, including the iPhone Pro, iPhone Pro Max, and the first foldable iPhone. Sources indicated that compared to most competitors, Apple has stronger bargaining power in the procurement of memory and key components, and Apples total iPhone production in 2026, including existing and upcoming models, is expected to far exceed 220 million units.According to Nikkei: Apple will launch five new iPhone models.On July 2nd, Hang Seng Indexes Company Limited and Cyberport announced the launch of a thematic index exploration program on June 30th, 2026. This program, in collaboration with innovative technology companies, aims to develop artificial intelligence solutions to accelerate the design process of thematic indices. This is the second phase of the Index Innovation Lab project. Established in 2024 by Hang Seng Indexes Company Limited and Cyberport, the lab explores the use of cutting-edge technologies such as artificial intelligence to support Hang Seng Indexes Companys index operations and provide index solutions that better meet market demands.Finnish Defence Forces: Finland has established a temporary airspace restriction zone in the eastern part of the Gulf of Finland.July 2nd - Alipay announced on July 2nd that "A Bao" has officially opened for public beta testing. iOS and Android users can experience it by searching for "A Bao" or "Ant A Bao" in the app store or the Alipay app. The AI version of Alipay, "A Bao," was released and opened for invitation-only testing on June 16th.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.