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U.S. officials said the U.S. military shot down two Iranian one-way attack drones.June 12th - Since October 2025, the number of telecom fraud cases in my country has declined year-on-year for eight consecutive months. In terms of fraud methods, the ten most common types of fraud are: fake online shopping scams (such as fake order rebates), fake online shopping services, fake online investment and wealth management, impersonating e-commerce and logistics customer service, loan and credit fraud, fake online game transactions, online dating scams, impersonating law enforcement officials, impersonating leaders or acquaintances, and flight refund/change scams. These ten types of cases account for 85% of all telecom fraud cases. Among them, fake online shopping scams have the highest incidence, accounting for 25% of all telecom fraud cases; fake online investment and wealth management scams result in the highest losses, accounting for approximately 40% of all telecom fraud losses, with most cases involving losses of millions or tens of millions of yuan falling into this category.On June 12th, the "Guangzhou Municipal Commerce Development 15th Five-Year Plan (Draft for Public Comment)" was released for public comment. The plan states that by 2030, the annual transaction volume of the citys specialized markets will exceed 2 trillion yuan, achieving a leapfrog development compared to the base year, consolidating its position as a core carrier of the international trade center. By 2030, 30 public service platforms serving the specialized markets will be established; the employment-generating effect will continue to expand, covering multiple fields such as commercial services, innovation and entrepreneurship, cultural tourism consumption, and logistics support, directly and indirectly creating 2.2 million jobs.On June 12th, the "Guangzhou Municipal Commerce Development 15th Five-Year Plan (Draft for Public Comment)" was released for public comment. The plan outlines efforts to promote the implementation of major projects in areas such as intelligent connected and new energy vehicles, ultra-high-definition video and new displays, green petrochemicals and new materials, intelligent equipment and robotics, artificial intelligence, semiconductors and integrated circuits, and the low-altitude economy. It also aims to cultivate a number of leading intermediate goods enterprises, including high-tech enterprises, manufacturing single-item champions, and specialized and innovative enterprises. Furthermore, it promotes the accelerated development of intermediate goods trade in foreign trade transformation and upgrading bases, fostering a number of well-known brands and "chain leader" enterprises. The plan supports enterprises in utilizing technologies such as the industrial internet, big data, and artificial intelligence for digital transformation, improving production efficiency and product quality, and driving the intermediate goods trade towards high-end and digitally intelligent directions.On June 12th, the "Guangzhou Municipal Business Development 15th Five-Year Plan (Draft for Public Comment)" was released for public comment. The plan, which fully aligns with national, provincial, and municipal planning recommendations and outlines, is based on Guangzhous realistic path and needs to enhance its function as an international business center. It sets forth 18 specific business development indicators across four aspects up to 2030. Among these, three indicators—total retail sales of consumer goods (average annual growth of 5% during the 15th Five-Year Plan period), import and export volume of goods (average annual growth of 6%), and the execution value of service outsourcing contracts (reaching US$24 billion by 2030)—are included in the municipal planning outline. Furthermore, based on development trends in consumption, foreign trade, exhibitions, two-way investment, and ports, the plan sets forth 15 key and distinctive indicators, including online retail sales of wholesale and retail enterprises above a certain size, the number of world-class business districts, import and export of service trade, exhibition area of key exhibition halls, and the number of newly added foreign-invested functional institutions. Simultaneously, referencing practices in higher-level plans, it proposes qualitative targets for the medium- and long-term period up to 2035.

BTC Fear & Greed Index Falls to 31 as Investor Focus Shifts to the Fed

Skylar Shaw

Oct 31, 2022 15:42

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Bitcoin (BTC) decreased by 0.89% on Sunday. BTC concluded the week up 5.42% to $20,647, partially undoing a Saturday gain of 1.08%. Notably, BTC avoided trading below $20,000 for the fifth day in a row and ended the day above $20,000 for the sixth straight session.


After a choppy morning, BTC increased to a high of $20,950 in the middle of the trading day. A late low of $20,532 was reached by BTC as it failed to reach the First Major Resistance Level (R1) at $21,091. Before partially regaining its footing to reach $20,647, BTC momentarily breached the First Major Support Level (S1) at $20,576.


In anticipation of a busy week for the global financial markets, investors had a calm day to lock in gains. The Fed announces its decision on interest rates this coming Wednesday. The Fed's intentions for December remain unclear, despite the markets' bets for a 75-basis point rate increase.


The bullish week was fueled by anticipation of a Fed turnaround in December. The markets, however, could see investor concern prior to the Wednesday decision. The sensitivity of the cryptocurrency market to US economic data and the Fed maintains the BTC link with the NASDAQ 100.


The NASDAQ 100 Mini was down 56.75 points this morning, pushing BTC into negative territory.

Investor caution increases ahead of the Fed, causing the Fear & Greed Index to decline.


The Fear & Greed Index dropped from 34/100 to 31/100 this morning. Investor apprehension ahead of the FOMC interest rate decision and press conference on Wednesday is reflected in the decline. A return of the Index to the Neutral area would be supported by confirmation of the Fed's shift in December.


As investors wait for the Fed to announce its policy, US economic statistics will continue to be the major focus in the near term. Prior to Wednesday's decision, important statistics include JOLTs job postings, ADP nonfarm employment, and ISM Manufacturing PMI data.


To support a reversal of the negative trend in BTC, the Index will need to hit 40/100 and the neutral zone. A decline to below 20/100 would indicate a BTC decline to below $18,000.