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July 12, there was a report about "Lei Jun talks about car manufacturing: the most difficult part is making wheels". Xiaomi PR General Manager Wang Hua said: "I have seen several articles or similar videos in the past two days, which extracted the video of Lei Juns interview with Li Xiang in April 2024, cut off the beginning and the end, and took out the middle part that took wheel design as an example to spread it separately, and after taking it out of context, it became Lei Jun talking about the most difficult part of car manufacturing is making wheels."According to a report released by the Indonesian Meteorological, Climate and Geophysical Agency on July 12, at 7:11 a.m. local time on July 12, a 5.3-magnitude earthquake occurred in the sea 297 kilometers southwest of South Nias County, North Sumatra Province, Indonesia. The epicenter was located at 1.62 degrees south latitude and 96.28 degrees east longitude, with a focal depth of 61 kilometers. No tsunami risk is expected.On July 12, "Federal Reserve mouthpiece" Nick Timiraos said on social media that when people ask me about various online rumors, my first reaction is to ignore it. But for those who are really curious about whether the Federal Reserve Chairman will break his oft-repeated promise (that is, to complete his term as Chairman, which currently has only 10 months left), I will recall how Powell answered the question about "jumping on the lifeboat" six years ago. The reason I included his answer in my book is that it is the most resolute statement: "Under no circumstances will I voluntarily leave this job before the end of my term. Absolutely not. You wont see me jumping on a lifeboat. I simply cant imagine any situation in which I wont be able to complete my term, unless I die."Conflict situation: 1. Russian Ministry of Defense: Russian air defense forces destroyed 155 Ukrainian drones at night, 11 of which were in the Moscow region. 2. Ukrainian drones attacked the Tula region of Russia, killing one person and injuring one person. 3. Ukraine said that Kiev was attacked by a large-scale missile and drone attack by Russia, which has injured 28 people. 4. Russia said that its army has taken control of a village in eastern Ukraine. Peace talks: 1. According to RIA Novosti, Russian Deputy Foreign Minister Ryabkov said that a new round of talks between Russia and the United States on bilateral issues may be held before the end of the summer. 2. US Secretary of State Rubio: The United States and Russia are negotiating a new path for peace in Ukraine. 3. Ukrainian Military Intelligence Director: It is expected that intelligence exchanges with the United States will continue. A ceasefire must be reached before the end of the year. Other situations: 1. Trump: I think I will make a major statement on the Russian issue on Monday. A very major and very severe sanctions bill (against Russia) will be passed, but its implementation depends on the president. 2. Trump: We deliver weapons to NATO, NATO pays 100% of the cost for these weapons, and NATO will provide these weapons to Ukraine. 3. According to TASS: Russian Foreign Minister Lavrov and US Secretary of State Rubio held more talks at an off-site event in Kuala Lumpur. 4. According to RIA Novosti: Russian Deputy Foreign Minister Ryabkov said that despite Washingtons repeated attitude, the positive trend in Russian-US relations continues. 5. German Ministry of Defense: We are upgrading the existing fleet to prevent the problem of insufficient capabilities. 6. Kremlin: (Regarding the EUs proposed floating price ceiling for Russian oil) We have rich experience in reducing the impact of such actions. 7. Western countries plan to send troops to Ukraine. Russia: Unacceptable and deeply regretful. 8. Finland formally submitted the instrument of withdrawal from the Ottawa Mine Ban Convention. 9. Kellogg, the US governments special envoy for Russia-Ukraine issues, will visit Kiev next week. 10. Zelensky: The channels for US and European military assistance to Ukraine have been fully restored. July 12 news: On July 11 local time, Boeing reached a settlement agreement with a Canadian man whose wife and three children died in the fatal Ethiopian Airlines crash in 2019. It is reported that before the settlement was reached, the case was originally scheduled for a jury trial in court on the 14th to determine the amount of compensation. But with the help of the mediator, the two sides finally reached an agreement. The specific content of the agreement is still unclear. In March 2019, an Ethiopian Airlines Boeing 737-8 passenger plane crashed, killing all 157 passengers and crew members on board.

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.