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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

Cardano Set To Form New Lows After Invalidating 41% Rally

Jimmy Khan

Jun 29, 2022 14:58

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Cardano is at a pivotal point with the Vasil hard fork, and in order to capitalize on it, ADA will need to generate more demand than it is currently witnessing.


Following the negative trend of the overall market, ADA is presently closer to the bottom than it is to the peak.

Will ADA soar or crash and burn?

In the event of such important updates, the blockchain or protocol often experiences an increase in demand prior to the execution. In the specific situation of Cardano, this is accurate.


Due to the enormous purchase demand from investors in September 2021, ADA managed to reach its all-time high before the Alonzo hard fork arrived.


This time around, though, the same is not being noticed. Investors may be concerned about a repetition of the past since Vasil essentially just enhances the smart contracts function, despite its importance.


ADA has not been able to bounce back from the roughly 30% decline it saw this month, despite the talk in the community. The cryptocurrency barely gained 9.52 percent from its lows before tumbling once again to its current trading price of $0.47.


However, this may also be seen as a business opportunity. Vasil brings a lot to the table, thus its influence can make the price movement more positive and make the present trading price a good entry opportunity.


Vasil could wind up being just the boost the Relative Strength Index needs as it is now teetering on the brink of the positive zone.

A second chance for investors

Investor participation has undoubtedly been deterred by the general market bearishness, and this is evident from the on-chain statistics as well. The daily transaction decreased from $18.9 billion to roughly $7.5 billion during the last 30 days.


This was inevitable given the decline in both the number of transactions and the number of active addresses. However, if Vasil keeps its word, things may get better from here on out.


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