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On May 27, at the HarmonyOS Intelligent Mobility launch event, Yu Chengdong, Chairman of Huawei Terminal BG, revealed that as of now, HarmonyOS Intelligent Mobility has delivered a total of 1.39 million vehicles, with a target of 190,000 vehicles delivered by 2026, representing a year-on-year increase of 27%.May 27th - British household energy bills are set to see their biggest increase since 2023 due to the war with Iran pushing up wholesale gas and electricity prices, further exacerbating inflationary pressures already weighing on the UK economy. The UK energy regulator, Ofgem, announced on Wednesday that the energy price cap will be raised by 13% to £1862 from July 1st. This price cap is updated quarterly, and the previous pricing used market data prior to the escalation of the Middle East conflict; therefore, this adjustment is the first to fully reflect the impact of the recent turmoil in the Middle East. Since the start of the conflict, UK near-month gas futures prices have risen by over 40%, while electricity contract prices have risen by nearly a third over the same period. Energy consultancy Cornwall Insight predicts that UK energy bills will rise again in October, warning that even if the conflict ends quickly, prices will struggle to return to April levels due to damaged infrastructure and prolonged energy supply disruptions.Both WTI and Brent crude oil prices fell by more than 2.00% intraday, currently trading at $94.27 per barrel and $94.57 per barrel, respectively.On May 27th, the National Energy Administration officially released a list of 51 high-value "AI+" energy scenarios. These 51 scenarios include intelligent emergency response to severe convective disasters along important power transmission lines, intelligent diagnosis and smart operation of new power distribution networks, intelligent operation optimization of large-scale vehicle-grid interaction, and intelligent operation of multi-energy complementary clean energy bases. By sector, these 51 high-value scenarios cover eight major areas, including "AI+" power grid, "AI+" new energy, "AI+" hydropower, and "AI+" thermal power.Euro Stoxx 50 futures rose 0.35%, German DAX 30 futures rose 0.31%, French CAC 40 futures rose 0.47%, and UK FTSE 100 futures fell 0.11%.

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.