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On January 14th, Jianghua Microelectronics announced that its controlling shareholder, Zibo Xingheng Tusong, is planning a major event that could lead to a change in the companys control. Due to the uncertainty surrounding the transaction, trading in the companys shares will remain suspended from January 13th, 2026, for no more than three trading days. During the suspension period, the company will fulfill its information disclosure obligations based on the progress of the matter.European Central Bank Governing Council member Villeroy: If the budget deficit in 2026 exceeds 5%, France will enter a dangerous zone.On January 14th, Jefferies reported that in December of last year, Kuaishou (01024.HK)s subsidiary, Keling AI, achieved revenue exceeding US$20 million, corresponding to an annualized revenue per share (ARR) of US$240 million, marking another milestone for Keling in just 19 months since its launch. During the same period, Kuaishou launched a series of new models and updates, noting the positive reception of its dynamic control features in overseas markets. The report also believes that while its video generation model is still in its early stages, continued technological breakthroughs and innovations indicate significant revenue growth potential. Jefferies maintains its "Buy" rating on Kuaishou with a target price of HK$106.In a response on the interactive platform, Meansen stated that the company has no cooperation with the Dorgerberg steel plant in Europe.On January 14, Foreign Ministry Spokesperson Mao Ning held a regular press conference. Mao Ning announced that the Chinese government has appointed Ambassador Yan Wenbin as the Special Representative of the Chinese Government for Shanghai Cooperation Organisation (SCO) Affairs and the Chinese National Coordinator for the SCO. Mao Ning stated that this position is an important one created by China to deepen exchanges and cooperation with SCO member states. Ambassador Yan Wenbin has extensive diplomatic experience and is familiar with SCO affairs. He expressed confidence that Ambassador Yan will actively fulfill his duties, maintain close working relationships with the national coordinators of member states, implement the consensus reached by leaders, strengthen organizational building and cooperation, jointly promote regional security, stability, development, and prosperity, and advance the building of a closer SCO community with a shared future.

BTC Fear & Greed Index Remains Neutral Despite SEC Move on BUSD

Jimmy Khan

Feb 14, 2023 16:34

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Bitcoin (BTC) had a 0.11% decline on Monday. On Sunday, BTC lost 0.32% of its value and finished the day at $21,773. BTC finished the day below $22,000 for the seventh straight session.


After a rocky beginning, BTC increased to a high of $21,905 in the middle of the day. BTC declined to a late-afternoon low of $21,354 after failing to surpass the First Major Resistance Level (R1) at $22,039 in the morning. Before closing the day at $21,773, BTC momentarily breached the First Major Support Level (S1) at $21,609 and the Second Major Support Level (S2) at $21,423.


The SEC's action against Paxos and Binance USD caused BTC to decline.


There were no US economic indications to distract investors on Monday. Paxos and Binance USD (BUSD) were the SEC's most recent targets after hearing that Kraken had reached a settlement with the agency and would no longer provide US cryptocurrency staking services.


News of the SEC intending to sue Paxos over the release and listing of Binance USD broke on Monday (BUSD). The company violated investor protection regulations, according to the SEC. In a statement in response to the Wells notice, Paxos said that it is ready to go to court if required. Because BUSD is not a security under federal securities laws, Paxos further indicated that it unequivocally disagrees with the SEC staff.


The SEC's actions against stablecoins and crypto staking will increase investor apprehension and market volatility.


The NASDAQ Composite Index provided support ahead of today's US CPI Report, limiting the downside for bitcoin. The NASDAQ increased by 1.48% on Monday.


Updates from FTX, Genesis, and Silvergate Bank today need attention. However, in addition to any Fed statement, the NASDAQ Composite Index and SEC chitchat will provide guidance. A sudden increase in US inflation and aggressive Fed talk would be bad for bitcoin. After the US CPI Report, FOMC members Logan and Williams will speak.