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On February 8th, Fujian Province issued the "Implementation Opinions on Promoting High-Quality Urban Development," which proposes to improve urban infrastructure. This includes accelerating the construction of the Fuzhou and Xiamen subway projects; optimizing the hierarchical structure of the urban road network, removing bottlenecks and congestion, and optimizing the urban freight network; strengthening the construction of parking and charging facilities; continuously enhancing the deep coverage of 5G, 5G-A, and gigabit optical networks; coordinating the construction of computing infrastructure and IoT sensing facilities; and encouraging qualified cities to pilot data infrastructure construction. The document also promotes the upgrading and digital transformation of traditional infrastructure and the construction of underground integrated pipe corridors according to local conditions. Furthermore, it accelerates the construction of a modern water network to enhance flood disaster prevention, water resource allocation, and urban and rural water supply security capabilities. Finally, it promotes the high-quality development of the urban power distribution network.On February 8th, the Fujian Provincial Committee of the Communist Party of China and the Fujian Provincial Peoples Government issued the "Implementation Opinions on Promoting High-Quality Urban Development," which proposes to enhance urban development momentum through city-specific policies. The document calls for promoting the expansion and upgrading of urban industrial parks, adhering to intelligent, green, and integrated development. It emphasizes consolidating and enhancing the pillar industry of manufacturing, and cultivating strategic emerging industry clusters such as optoelectronic information, integrated circuits, and new energy. It also calls for planning and constructing future industries, developing new productive forces according to local conditions. Furthermore, it promotes intelligent construction, cultivates a modern construction industry chain, and accelerates the transformation and upgrading of the construction industry. The document also encourages the active development of first-of-its-kind, silver-haired, low-altitude, cultural tourism, and marine economies, fostering new consumption scenarios and new business models. It supports Xiamen in carrying out pilot work for the construction of an internationalized consumption environment and accelerates the creation of distinctive cultural blocks, nighttime cultural and tourism consumption clusters, tourism and leisure blocks, and intangible cultural heritage characteristic blocks.February 8th - Voting began at 7:00 AM local time on February 8th for the Japanese House of Representatives election. Voting will conclude at 8:00 PM, except in some areas. The vote counting will then begin. This election involves contesting 465 seats in the House of Representatives, including 289 single-election seats and 176 proportional representation seats. The House of Representatives has a legally mandated four-year term, but under pressure from incumbent Prime Minister Sanae Takaichi, it was dissolved early on January 23rd, just one year and three months after the last election.Musk: Once solar power generation, robotics manufacturing, chip manufacturing, and AI form a closed loop, traditional currencies will become an obstacle. What really matters will be (power generation) capacity and output, not the US dollar.February 7th - US President Trump tweeted: "We need more competition to fight our enemies—the national television networks that spread fake news. Facilitating a good deal like Nexstar-Tegna will help combat fake news because it will bring more, higher-level, and more sophisticated competition. Those who oppose it dont fully understand the benefits for them, but they will in the future. Get this deal done!"

Crypto Market Daily Highlights

Jimmy Khan

May 07, 2022 09:46


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While the overall crypto market suffers due to investor concerns about Fed monetary policy, Tron (TRX) is on a breakout session.


Illicit behavior in the NFT realm continues unabated, with the OpenSea marketplace becoming the most recent victim.


In the newest twist in the SEC v Ripple lawsuit, the SEC sees hope of protecting William Hinman's 2018 speech-related papers and emails.


Argentina is the latest country to restrict client access to digital assets via banks.


The global financial markets are ending the week on a negative note, with European and US equities markets facing a second straight day of losses. Despite the gloomy crypto market attitude, Tron (TRX) defied the morning trend.


Market concerns over inflation, as well as the need for a more aggressive Fed rate path to contain inflation, sent shockwaves through the global financial markets.


The link between bitcoin (BTC) and the NASDAQ 100 became stronger this week, putting an end to any speculation that BTC might be used as an inflation hedge.


Tron (TRX) is the most active cryptocurrency on Friday.


Tron (TRX) was up 13.11 percent to $0.08428 at the time of writing. TRX rallied to a current-day high of $0.0865 during a strong morning session before dropping down.


Despite the fact that the larger crypto market was in the negative, the breakout session occurred. The announcement that Tron will introduce a TerraUSD (UST) competitor, the USDD, with a 30 percent annual percentage yield, drew a lot of attention.


Tron aims to raise $10 billion for its decentralized reserve, TronDAO, similar to the Luna Foundation Guard (LFG).


Algorand (ALGO), a CoinMarketCap top 100 coin, also gained gains this morning. Despite Thursday's sell-off, news of Algorand being a FIFA World Cup 2022 partner continued to give support.


In the SEC v Ripple case, the SEC wins a little victory.


The SEC won a tiny victory on Wednesday after a series of motions on Tuesday. Judge Sarah Netburn approved the SEC's request to submit a reply brief in its attempt to keep Hinman's speech papers and emails private on Wednesday.


William Hinman, a former SEC Director of the Division of Corporation Finance, has emerged as a key character in the SEC's case against Ripple.


Bitcoin (BTC) and Ethereum (ETH) are not securities, according to William Hinman. The Securities and Exchange Commission is attempting to protect records and emails related to internal deliberations and Hinman's famous statement.


Bitcoin (BTC) is having another difficult day.


BTC was down 1.48 percent to $36,033 at the time of writing. BTC fell to an early morning low of $35,319 before recovering to $36,000 levels after a gloomy morning.


The correlation with the NASDAQ 100 became stronger this week, as market sentiment regarding the Federal Reserve's monetary policies weighed on riskier assets.


The NASDAQ 100 was down 0.95 percent at the time of writing, after a 4.99 percent drop on Thursday.


The influence of central bank policies on cryptos was proved this week, calling into doubt the ethos of decentralization.


In other headlines this morning, Argentina's Central Bank banned banks from marketing cryptos to customers in the sake of financial stability.


With reports of hackers breaching OpenSea's Discord server, NFT marketplace OpenSea also made the crypto headlines.