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September 21 - XtalPi Technology announced today that its scientific intelligence platform, XtalPi Science, has completed a major product upgrade, officially launching over 80 proprietary scientific skills and tools, and further expanding the scope of invited testing.September 21 – SoftBank Group is seeking to issue more than $11 billion in bonds, which would be one of the largest junk bond deals in history. Sources familiar with the matter said on Monday that the conglomerate, led by Masayoshi Son, is ramping up its investment in OpenAI. The sources said SoftBank plans to issue $10 billion in dollar bonds with three maturities, and €1 billion (approximately $1.1 billion) in euro bonds with two maturities. This funding will partly support follow-up investments in OpenAI expected to be completed next month.September 21 - According to a report released by Indonesias Meteorology, Climatology and Geophysics Agency, a 5.3-magnitude earthquake struck 34 kilometers northeast of Manggara Regency, East Nusa Tenggara Province, Indonesia, at 8:41 a.m. local time on September 21, with a focal depth of 10 kilometers. No tsunami risk is expected.On September 21st, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4510%, and the lowest was 0.7070%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0310%, and the lowest was 0.8660%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0930%, and the lowest was 0.9020%.On September 21st, Tomo Kinoshita, a strategist at Invesco Asset Management (Japan), stated in a report that following last Fridays increase of the policy rate to 1.25%, the Bank of Japan (BOJ) may further raise the rate to 1.50% in December. Despite the BOJs recent multiple rate hikes, its quarterly corporate surveys show that corporate financing conditions have barely deteriorated. Upside risks to inflation have increased due to rising energy prices and a weaker yen. The Federal Reserves hawkish shift is also increasing the risk of yen depreciation. Kinoshita predicts that the BOJ will raise rates further in March and July next year, bringing the rate to 2.0%, thereby ending the current tightening cycle.

Bitcoin Has Approved a Reversal to Growth but Needs Tactical Respite

Skylar Shaw

Jan 17, 2023 15:26

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In the last week, the price of bitcoin increased by over 23%, surpassing $21K. To $1570, Ethereum increased by 20%. Other top-ranked cryptocurrencies in the top 10 increased by 9% (BNB) to 50%. (Solana). Reentering the top 10, Solana has displaced Polygon.


It is clear that Bitcoin was outperforming at this time, which is simply explained by the stock market's upturn last week.


The first Bitcoin also reacted well to technical cues. On January 4, bitcoin secured a position above the 50-day average; since then, it has closed every day with gains. Growth accelerated as a result of a consolidation above the prior local high and a breach of the downtrend resistance. On Friday, BTCUSD closed above the 200-day average, adding to the weekend's upbeat trend.


Trading around the $21K mark returned quotations to the region prior to the FTX disaster, and this is a fresh challenge of the neighborhood highs. Since Bitcoin seems to be overheated locally, traders may want to be aware that the market will need to have a little pullback toward $19.5K before experiencing another surge.