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July 6th - Broadcom (AVGO.O) announced that it has reached an agreement with Apple (AAPL.O) to extend their partnership until 2031, jointly developing and supplying a range of custom chips. Broadcom has long been a key component supplier for Apple, including custom radio frequency chips, Wi-Fi and Bluetooth connectivity chips for iPhones, and other networking semiconductors. Apple is one of Broadcoms largest customers. Analysts estimate that Apple accounts for a significant portion of Broadcoms annual revenue and is a key contributor to the chip companys semiconductor business.Broadcom (AVGO.O) shares rose in pre-market trading, currently up over 4%.Broadcom (AVGO.O): The company will develop and supply a range of custom ASIC silicon products for the manufacture of multiple generations of Apple products.Goldman Sachs raised its price target for AMD (AMD.O) from $450 to $640.On July 6th, according to Tianyancha intellectual property information, Beijing Sankuai Online Technology Co., Ltd. recently received authorization for its patent application for a "drone". The abstract shows that the drone is used to transport logistics boxes. The drone includes a main body, a fixing device, and a limiting component. The fixing device is disposed on the main body and can securely clamp both ends of the logistics box along a first direction. The limiting component is adjustablely mounted on the main body. This limiting component includes at least a mounting part connected to the main body and a limiting part connected to the mounting part. The limiting part abuts against the side of the logistics box to restrict its movement along a second direction; the mounting part abuts against the top surface of the logistics box to restrict its movement along a third direction. By setting the limiting component, it can cooperate with the fixing device to achieve auxiliary fixation of the logistics box, preventing the logistics box from shaking during drone transportation and causing the goods inside to collide. It can also prevent the logistics box from colliding with the main body, ensuring the normal flight of the drone. Furthermore, the limiting component is adjustablely mounted on the main body, allowing it to be adapted to logistics boxes of different sizes.

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.