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On July 24, in order to further regulate the competitive order of the automotive industry and improve the consistency and quality and safety of automotive products, the Equipment Industry Department of the Ministry of Industry and Information Technology conducted a supervisory inspection of the product safety assurance capabilities and production consistency of road motor vehicle manufacturers at GAC Aion New Energy Automobile Co., Ltd. and Zhaoqing XPeng Motors Co., Ltd. The inspection focused on the companies ability to ensure the safety of intelligent connected vehicles, their design, development and production capabilities, and their production consistency assurance capabilities, as well as their adherence to production access conditions. Sample vehicles and power batteries were randomly selected on-site and sent to relevant institutions for testing and inspection to ensure compliance with national standards.The European Central Bank (ECB) may draw funds from its Enhanced Repurchase Facility (EUREP) starting in the fourth quarter of 2026.Novo Nordisk (NVO.N): In the three months ending in July, businesses’ expected wage growth rate for the next year fell by 0.1 percentage point to 3.4% from 3.5% in June.Novo Nordisk (NVO.N): Filed a preliminary injunction motion in the U.S. District Court for the District of New Jersey, seeking an immediate halt to Eli Lillys (LLY.N) misleading GLP-1 advertising campaign during the course of its litigation.On July 24, Haina Intelligent (01645.HK) announced that it, Jinjiang Yuanshu (a non-wholly owned subsidiary of the Company), and Shenzhen Institute of Artificial Intelligence and Robotics entered into a strategic cooperation agreement to jointly build an intelligent production line robot joint laboratory for a period of three years. The joint laboratory will focus on research and development and commercialization of technologies such as intelligent upgrading of production lines, embodied intelligent industrial applications, visual inspection, and digital twins.

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.