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Mobility Sweden, a Swedish mobility data company, reported that Teslas new registrations in Sweden increased by 71% year-on-year in May.On June 1st, during GTC, NVIDIA officially launched the NVIDIA RTX Spark super chip, targeting Windows PCs in the era of personal AI agents. This chip brings high-performance AI computing, graphics processing, and local agent capabilities to thin and light laptops and small desktops. NVIDIA revealed that starting this fall, Lenovo, Dell, HP, Microsoft, and other manufacturers will successively launch thin and light Windows laptops and small desktops equipped with RTX Spark. Lenovo Chairman and CEO Yang Yuanqing stated that RTX Spark represents a significant leap forward in AI-native computing. Leveraging Lenovos capabilities in engineering design, global scale, and AI device portfolio, the two companies will jointly bring a new generation of AI PC experiences to creators, gamers, and AI developers.On June 1st, officials from the Ministry of Justice, the National Development and Reform Commission, and the Ministry of Commerce answered reporters questions regarding the "Regulations." The "Regulations" clarify that the state will improve the comprehensive overseas service system, promote trade and investment integration, and improve institutional measures from multiple dimensions to provide strong legal guarantees for enterprises going global to participate in international cooperation and competition: First, improve public platforms and services, coordinating service resources in foreign affairs, law, finance and taxation, finance, trade and economy, logistics, entry and exit, customs, and trade promotion to provide service guarantees for investors; provincial-level and above peoples governments and their relevant departments should improve their public service capabilities and levels. Second, support professional service institutions such as consulting and evaluation, legal services, accounting and auditing, credit rating, mediation and arbitration, and intellectual property to improve their international service capabilities and levels, and provide high-quality professional services. Third, banking financial institutions should provide financing and other financial services based on their functional positioning, and policy-oriented insurance institutions are encouraged to provide overseas investment insurance and other services.According to the Ministry of Agriculture and Rural Affairs, the "Agricultural Product Wholesale Price 200 Index" was 113.07 on June 1st, down 0.13 points from last Friday; the "Vegetable Basket" product wholesale price index was 113.10, down 0.15 points from last Friday. As of 2:00 PM today, the national average wholesale price of pork was 14.77 yuan/kg, down 0.6% from last Friday; beef was 66.68 yuan/kg, up 0.1% from last Friday; mutton was 63.94 yuan/kg, down 0.2% from last Friday; eggs were 10.24 yuan/kg, up 4.1% from last Friday; and dressed chicken was 17.09 yuan/kg, up 1.2% from last Friday.Bank of France Governor Villeroy: In most scenarios, economic growth is expected to remain positive.

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.