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On February 4th, Jianyou Pharmaceutical announced that its subsidiary, Jianjin Pharmaceutical Co., Ltd., recently received ANDA approval (ANDA No.: 219472) from the U.S. Food and Drug Administration for its selenite injection (600mcg/10mL). This drug is indicated for adult and pediatric patients requiring parenteral nutrition as a source of selenium in parenteral nutrition solutions when oral or enteral nutrition is not feasible, insufficient, or contraindicated. Currently, five generic versions of selenite injection have been approved for marketing in the United States. The company has invested approximately RMB 6.5605 million in research and development for this project. The newly approved product is expected to have a positive impact on the companys operating performance.Venezuelas chief economic advisor: We hope Venezuela will be known as one of the countries with the highest oil production levels.February 4 - On the afternoon of February 4, Xi Jinping, General Secretary of the CPC Central Committee and President of China, met at the Great Hall of the People with Le Hoai Trung, member of the Politburo and Minister of Foreign Affairs of the Communist Party of Vietnam, who was visiting as a special envoy of To Lam, General Secretary of the Communist Party of Vietnam.Supermicro (SMCI.O) shares surged 10.8% in pre-market trading after the company raised its annual revenue forecast.February 4th - Data shows that the Eurozone economy slowed for the second consecutive month in January, with demand nearly stagnant and hiring halted, leaving the start of 2026 still fragile. The Eurozones composite PMI fell to 51.3 in January from 51.5 in December, hitting a four-month low and also below the initial reading of 51.5. Cyrus de la Rubia, chief economist at Commerzbank Hamburg, stated, "The growth trajectory can be described as acceptable, but the situation remains challenging. Companies made almost no new hires in January. The lack of growth in new business also indicates that the recovery in this sector remains fragile." The overall slowdown was primarily driven by the services sector, where activity expanded at its slowest pace since September, offsetting the renewed expansion in manufacturing output. The services business activity index fell to 51.6 from 52.4 in December. Despite the slowdown, business confidence rose to its highest level since May 2024. de la Rubia added, "The ECB is not currently particularly concerned about inflation, but the significant rise in service sector cost inflation as shown by the PMI, along with the marked increase in sales price inflation, will still put some pressure on officials."

Crypto Cloud Storage STORJ Leads Rally by 55% As ETH, BTC Consolidate

Jimmy Khan

Jun 24, 2022 14:48

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The top cryptocurrencies were anticipated to be driving the rise when the cryptocurrency market passed the $900 billion threshold today.


Storj managed to seize dominance, overtaking every other significant cryptocurrency with its ascent despite the fact that it turned out to be a relatively unknown coin.

Storj?

Indeed, Storj. The asset is, as it sounds, the native token of a cloud storage platform supported by cryptocurrencies, which until today was merely another coin.


However, the altcoin's one-day increase of 55.08 percent succeeded to place it on the map both literally and figuratively, as it joined the top 100 cryptocurrencies list.


Due to the price increase, the asset's market value increased by approximately $100 million during the course of the previous day. This increased the asset's overall growth over the preceding nine days to a total of 156.7 percent.


More than half of the losses that the cryptocurrency sustained during the May 65 percent fall were also nullified by this rebound in addition to the losses registered by the altcoin this month during the June 9 crash.


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The green candle, which closed above both the 100-day SMA and the 50-day Simple Moving Average (red line), insured that the gain was sustained (blue line). The 200-day SMA (purple line), which would effectively transform this into a bullish run, is also getting closer.


Additionally, after more than two months, the Awesome Oscillator switched the active trend's direction from bearish to bullish, with the green bars climbing above the neutral.


Now, it has to be seen if the asset will be able to sustain this growth moving forward or if it will just be another one-day wonder.

Ethereum and Bitcoin Take a Break

The king currencies have been moving slowly, essentially not at all, as the altcoins have taken the lead.

BTC has made little progress at all during the past week, hovering around the $20k to $21k level, whereas ETH recently broke the $1.1k threshold.


However, Bitcoin's recovery has been so sluggish that the king currency has not yet reached the upswing stage that every other altcoin is presently in.


Additionally, the Relative Strength Index (RSI), which has been signaling a trend reversal for more than two months, shows that BTC is still trapped in the negative zone.


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