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On April 8th, it was reported that in order to rectify the chaotic spread of "AI-modified" videos, the State Administration of Radio and Television launched a month-long special campaign in January 2026. The campaign focused on cleaning up illegal videos based on classic TV dramas such as the Four Great Classical Novels, historical dramas, revolutionary dramas, and works depicting heroic figures, while also simultaneously removing various cult-like animations. The campaign removed over 23,000 illegal videos and dealt with over 100 violating accounts, effectively curbing the spread of illegal videos.April 8th - The Reserve Bank of New Zealands (RBNZ) meeting minutes revealed that the committee discussed preemptively preventing the risk of runaway inflation expectations. Influenced by the hawkish tone, the New Zealand dollar strengthened to 0.5819 at one point. Marcel Tillient, Head of Asia Pacific at Capital Economics, stated that the RBNZ seemed to have a conflicted attitude towards the "impact of the energy shock." "As a result, we expect the RBNZ to wait until the fourth quarter rather than the third quarter as predicted by the OIS market before tightening policy." The RBNZ did not provide comprehensive economic forecasts in its monetary policy assessment, but indicated that it expects inflation to rise to 4.2% in the June quarter. The statement said, "The extent of near-term increases in headline inflation will depend on how the Middle East conflict evolves and the extent and duration of disruptions to global supply chains and energy markets." The statement said the committee remains focused on returning inflation to its 2% target over the medium term, which requires core inflation and wage growth to remain under control and inflation expectations to stabilize at 2%. The statement said, "If these conditions are not met, a decisive and timely increase in the OCR will be necessary."Malaysian Prime Minister: Iran’s ten-point initiative foreshadows a good prospect for the restoration of peace and stability.April 8th - According to the Ministry of Industry and Information Technology, my countrys electronic information manufacturing industry experienced rapid production growth, a positive export recovery, significant improvement in profitability, and accelerated investment growth in January and February this year. Data shows that in January and February, the added value of the electronic information manufacturing industry above designated size increased by 14.2% year-on-year, 7.9 and 1.1 percentage points higher than the growth rates of the overall industrial sector and high-tech manufacturing, respectively. In the first two months, the electronic information manufacturing industry above designated size achieved operating revenue of 2.63 trillion yuan, a year-on-year increase of 14.3%; cumulative export delivery value increased by 1.2% year-on-year; and fixed asset investment in the electronic information manufacturing industry increased by 1.2% year-on-year.Reserve Bank of New Zealand Governor Brehman: We are not close to raising interest rates today.

BTC Fear & Greed Index Nears the Greed Zone on BTC Return to $22,000

Florala Chen

Feb 16, 2023 15:25

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Bitcoin (BTC) increased by 1.95% on Tuesday. BTC finished the day at $22,198, reversing a loss of 0.11% from the previous day. For the second time in seven sessions, BTC displayed green.


Before acting, BTC dropped to a low of $21,555 in the early afternoon. After avoiding the First Major Support Level (S1) around $21,450, BTC surged to a high of $22,339 in the middle of the afternoon.


 Before finishing the day at $21,198, BTC momentarily passed through the Second Major Resistance Level (R2) at $22,228 and the First Major Resistance Level (R1) at $22,001.

Silvergate Bank News and Ante-Gensler Chatter Delivered BTC Support

US economic figures on Tuesday caused BTC to reach a session low. Compared to an anticipated 6.2%, the US annual inflation rate decreased from 6.5% to 6.4% in January. Investors anticipated a more pronounced decline of inflation, despite inflation softening, to lessen the prospect of interest rates exceeding 5%.


However, afternoon support and a BTC rebound to $22,000 were given by the cryptocurrency news channels.


The bullish session was influenced by the news out of Washington, D.C. A hearing titled Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets was conducted on Tuesday by the Senate Banking Committee. Gary Gensler and the SEC's shortcomings were brought to light by concerns about their regulation through enforcement and lack of SEC advice to crypto companies.


Legislators noted Gensler's appearances on morning talk programs and called for him to testify as soon as possible.


Participants in the cryptocurrency sector are expecting that Congress would grant the CTFC more monitoring authority after Gensler and the SEC's approach to regulating the digital asset area came under scrutiny.


Following a spike in SEC action that resulted in a settlement with the SEC and the termination of US cryptocurrency staking services from Kraken and Paxos, respectively, the Senate Committee Hearing was held (BUSD).


The endorsement of Silvergate Bank by Citadel Securities Group was also positive for the cryptocurrency market. The hedge fund has a 5.5% investment in the cryptocurrency-linked bank, according to a filing with the SEC on Tuesday. Silvergate Capital Corp (SI) grew by 18.01% as a result on Tuesday. The stock has fallen 86.6% during the last year, however.


This month, Silvergate Bank has received attention. News that the US Justice Department was looking into Silvergate Bank's interactions with FTX and Alameda Research broke earlier this month.


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