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On May 7, at the Lenovo Innovation Technology Conference 2025 held today, Lenovo Group Chairman and CEO Yang Yuanqing announced the launch of the epoch-making "super-intelligent body" technology, and systematically elaborated its three core functional features for the first time: perception and interaction, cognition and decision-making, autonomy and evolution. This technology is defined as a "cognitive operating system" for individuals and enterprises, marking the leapfrog evolution of artificial intelligence from a tool-based assistant to a full-scenario intelligent partner and "artificial intelligence twins". At the same time, it also means that Lenovo has made a key breakthrough in the implementation of hybrid artificial intelligence.On May 7, the reporter learned today that Dingdong Maicai and Hong Kong DFI Retail Group recently announced a strategic cooperation. The two parties will integrate the core advantages of supply chain and retail terminals, jointly build a digital cross-border supply chain system, and provide Hong Kong consumers with diversified, high-quality and cost-effective products through DFIs Wellcome supermarkets. The two parties set a sales target of HK$100 million in the first year of cooperation. The first batch of 6 Dingdong Maicai selected vegetables have recently been launched in nearly 280 Wellcome supermarkets in Hong Kong, and simultaneously landed on Wellcome online stores and food panda takeaway platforms.On May 7, Pop Mart (09992.HK) once again reduced its holdings in a pre-market block trade. An investor sold about 3.86 million shares of Pop Mart at HK$190.20 per share, involving about HK$734 million. Public information shows that Pop Mart had been reduced by investors twice in a row in the previous week, involving about HK$1.5 billion. The reporter learned from an insider close to Pop Mart that this continuous reduction was not a reduction by the companys management. Judging from the rhythm of the reduction, it is likely to be a natural reduction due to the expiration of the fund, which has nothing to do with the companys fundamentals. The reporter checked the equity information of Pop Mart and found that the three reductions in the past week were 4.05 million shares, 4 million shares, and 3.86 million shares, totaling 11.91 million shares, accounting for about 0.9% of the companys shares. Comparing the equity information, this reduction is most likely the expiration of all Pop Mart shares held by Fengqiao Capital Fund.Hong Kong-listed auto dealer stocks continued to strengthen, with Zhongsheng Holdings (00881.HK) rising nearly 7.5%, Yongda Automobile (03669.HK) rising nearly 2.5%, and Harmony Auto (03836.HK), Tuhuo (09690.HK) and others following suit.Li Yunze, director of the State Financial Regulatory Administration, said at a press conference held by the State Council Information Office on May 7 that mergers and acquisitions loans for technology companies are being carried out in an orderly manner and the "first orders" have been placed in 18 cities.

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.