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European chip stocks fell, dragged down by the earlier decline in Samsung Electronics share price. ASML, STMicroelectronics, Infineon, ASMI, Best Semiconductor, and SOITEC all fell between 3% and 7%.On July 7th, BrainTiger Technologys "Implantable Brain-Computer Interface Hand Motor Function Compensation System," also known as the "Fully Implantable, Fully Wireless, Fully Functional (Triple-Full) Brain-Computer Interface System," officially launched its GCP registration clinical trial at Huashan Hospital affiliated with Fudan University. This GCP registration clinical trial adopts a multi-center collaborative model, jointly conducted with 15 tertiary hospitals in Shanghai and other regions, to evaluate its safety and effectiveness in compensating for upper limb function in patients with quadriplegia caused by cervical spinal cord injury. It is understood that this is the first subdural cortical implantable brain-computer interface product to enter the clinical stage of national Class III medical device registration, marking a crucial step forward for my countrys brain-computer interface technology from scientific research exploration to large-scale clinical application.According to Futures News on July 7th, as of 15:00 Beijing time, spot platinum fell 0.74%, and spot palladium fell 1.81%.Switzerlands foreign exchange reserves in June were 758.794 billion Swiss francs, revised from 710.8 billion Swiss francs to 710.9 billion Swiss francs in the previous month.On July 7th, global brokerages began initiating coverage research on Elon Musks SpaceX (SPCX.O), with a preliminary consensus emerging on Wall Street: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have given it a buy rating, expressing optimism about its long-term growth prospects, despite lingering concerns about profitability and valuation. In a report dated July 7th, Morgan Stanley analysts stated, "SpaceX can massively convert energy into intelligence and commercialize it through AI-driven consumer and enterprise solutions." Their target price of $300 is currently the highest among Wall Street investment banks, implying an 87% upside from Mondays closing price of $160.42. The banks analysts believe that SpaceXs stock price could fall as low as $75 and rise as high as $600 in a bear market and bull market respectively, with revenue reaching $319 billion by 2030 and $3.3 trillion by 2040.

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.