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Artificial Intelligence: 1. Apples iOS 27 will introduce AI writing and new shortcuts. 2. Cloud Deeps IPO review status has changed to "accepted," with a planned IPO fundraising of approximately 2.503 billion yuan to invest in projects such as embodied algorithm and model R&D. 3. Ding Xuexiang emphasized during his research on the construction of the computing power network that it is necessary to accelerate the construction of a nationwide integrated computing power network to empower high-quality economic and social development. New Energy Vehicles: 1. He Xiaopeng: XPeng Robotaxi will begin demonstration operation in Guangzhou. 2. SAIC Audi will no longer sell gasoline cars? Insiders say negotiations are still ongoing. 3. Xiaomi Auto introduces a new battery supplier—Zhongchuang Innovation Aviation—for its Kunlun model. Other: 1. He Lifeng meets with Lisa Su, Chairman and CEO of AMD. 2. SpaceX officially launches a 1-for-5 stock split plan. 3. Apple will hold its Worldwide Developers Conference on June 8. 4. Judge dismisses Musks lawsuit against OpenAI and its CEO Altman; Musk: will appeal. 5. Baidus total revenue in Q1 2026 reached 32.1 billion yuan, with AI business accounting for 52% of revenue. 6. The first national security assessment for the export of remote sensing satellite data was completed in Hainan, achieving a "breakthrough from zero". 7. Tencent Music: The acquisition has been completed, and Himalaya has become a wholly-owned subsidiary of the company. 8. my countrys "Sun Chasing Project" has made significant progress, laying the foundation for building "wireless charging stations" in space. 9. A South Korean court partially approved Samsungs injunction application against the labor union, and the Samsung labor union confirmed that the strike will proceed as planned. 10. China Audio-Visual and Digital Publishing Association (CAVCA) Game Working Committee: The actual sales revenue of Chinas game market in April was 30.369 billion yuan, a year-on-year increase of 11.04%. 11. Musk: SpaceX may achieve fully rapid reusable rockets this year; the first brain-computer interface implantation surgery for blindness is planned to be completed within the year. A survey conducted by Kings College London on May 19th found that with the widespread adoption of artificial intelligence, most British workers expect to face mass unemployment. The survey revealed that Britons perceive occupations such as plumbers as relatively safe, while entry-level white-collar jobs are seen as risky. British workers have relatively low levels of concern about the threat to their jobs. Meanwhile, one in five Britons believe that AI-induced unemployment will trigger "civil unrest."Intel (INTC.O) CEO Chen Liwu: The 14A chip will be put into production in 2028 and will enter the mass production stage in 2029.On May 19th, Fatih Birol, Executive Director of the International Energy Agency (IEA), stated during the G7 finance ministers meeting in Paris, France, on the 18th that commercial oil inventories are "declining sharply" due to the Middle East conflict, and their lifespan is "only a few weeks." Birol said that the IEAs decision in March to coordinate member countries to utilize strategic petroleum reserves could increase market supply by approximately 2.5 million barrels per day, but these reserves are "not inexhaustible," and all parties should recognize the urgency of the situation. The IEAs latest monthly oil report, released on May 13th, showed that global observable oil inventories, including offshore crude, decreased by 250 million barrels in March and April, equivalent to a daily decrease of 4 million barrels. With the summer peak demand approaching, international oil prices may fluctuate further.On May 19th, Trump announced that his direct-to-consumer pharmacy website, TrumpRx, is expanding its list of discounted drugs, adding over 600 generic versions. Generic drugs are typically cheaper, and this expansion helps fill gaps in the websites current offerings. Speaking at the White House, Trump stated that by including this large catalog of inexpensive generic drugs on TrumpRx, consumers will now have a reliable channel to ensure they can purchase the prescription medications they need at the lowest possible price. Mark Cuban, who strongly advocates for direct-to-consumer drug sales through his company, Cost Plus Drugs, accompanied him to the event. The White House stated that discounts on generic drugs offered by Amazon Pharmacy, Cost Plus Drugs, and GoodRx will be integrated into the TrumpRx website. Its important to note that TrumpRx targets those who purchase medications with cash and do not have health insurance. Many people cannot afford prescription drugs without health insurance. Trump administration officials stated that the website still serves a purpose of transparency, allowing people to at least check for better prices.

ADA Price Prediction: Bulls Eye $0.410 on Network Upgrade Plans

Cory Russell

Feb 06, 2023 15:40

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Saturday saw a 1.24% decline in ADA. ADA finished the day at $0.399, somewhat erasing a 1.51% gain from the previous day. The handle of $0.400 was visited by ADA for the sixth session running.


ADA dropped to a morning low of $0.398 due to a negative start to the day. Ahead of the First Major Support Level (S1) at $0.397, ADA increased to a high of $0.406 in the early afternoon. The First Major Resistance Level (R1), which is at $0.409, was not reached, hence ADA returned to the session low of $0.398 before closing the day at $0.399.

Silence from IOHK and EMURGO Puts ADA in the Red

There were no network updates to provide context on this quiet Saturday session. Investors are waiting for developments on the scheduled launch of EMURGO's USDA algorithmic stablecoin after last week's COTI launch of DJED.


Investors were left to lock in gains as Input Output HK (IOHK) also went quiet at the beginning of the weekend due to radio silence. The perception of the Cardano network and the predicted rise in ADA use, however, continue to be negative factors.


There will be another Cardano hard fork this month. The implementation of CIP-0049 will make it easier to use other blockchains. The enhanced interoperability will provide programmers a safe environment in which to create cross-chain DApps. A more optimistic pricing prognosis should be supported by the upgrade, which is another improvement.


Investors will be watching for the debut of the USDA stablecoin today, and network updates will give guidance. However, in the absence of network updates, the larger crypto market would be left to determine price direction.