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On June 25th, the Hurun Research Institute released the "2026 Global Unicorn List" in Guangzhou. The top three unicorns all focus on large-scale modeling businesses: Anthropic, the parent company of Claude, became the worlds most valuable unicorn, valued at RMB 6.6 trillion, with a single-year increase of RMB 6.1 trillion, setting a record on the Hurun Unicorn List; OpenAI, the parent company of ChatGPT, ranked second with a value of RMB 5.8 trillion; and ByteDance, the parent company of Doubao, ranked third with a value of RMB 3.3 trillion. DeepSeek topped the list of 308 newly minted unicorn companies globally and ranked among the top 15 global unicorn companies with a value of RMB 340 billion. The second-ranked newly minted unicorn company is Project Prometheus, a physical artificial intelligence company co-founded by Jeff Bezos (valued at RMB 258 billion), and the third-ranked company is Kalshi, a US-based compliant prediction market (valued at RMB 150 billion).On June 25th, C-Zhenbao stated on its interactive platform that the companys main products are silicon, quartz, silicon carbide, and alumina ceramic semiconductor equipment components. These products are widely used in integrated circuit plasma etching and thin-film deposition equipment, and are compatible with advanced manufacturing lines for memory and logic chips. Regarding overseas customer expansion, the company has achieved stable batch supply to foreign wafer manufacturers such as SK Hynix; it has also established business partnerships with well-known international manufacturers such as Micron Semiconductor, although large-scale sales have not yet been achieved.UBS Group: Palladium prices are expected to fall to $1,100 per ounce in the coming months.June 25th - According to US media reports, SK Hynix is expected to issue American Depositary Receipts (ADRs) on Nasdaq on July 10th. The IPO plans to raise nearly $30 billion, potentially becoming one of the largest ADR offerings in history. The market generally believes this move will significantly expand its global investor base and could drive a valuation reassessment. Several asset management firms predict a 30% upside potential in the next year if its valuation converges with Microns. One fund manager pointed out that SK Hynix should at least trade at a valuation level comparable to Microns, as demand for memory chips is likely to continue to exceed supply for years to come. This IPO comes during a rare boom in the memory chip industry. Shares of Micron, SK Hynix, and Samsung Electronics have all risen more than 200% this year, marking their best annual performance in decades. The demand for HBM (Hardware-Based Memory) in AI servers is widely seen as a driver of a structural "memory supercycle."On June 25, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. A reporter asked about Chinas law enforcement patrols in the waters east of Taiwan. Spokesperson Guo stated that, according to Chinese domestic law and international law, including the United Nations Convention on the Law of the Sea, China possesses an exclusive economic zone and continental shelf in the waters east of Taiwan. The relevant Chinese departments law enforcement patrols in these waters are legitimate measures to exercise jurisdiction in accordance with the law, maintain regional stability and maritime order, and are also necessary actions against Japan and the Philippines manipulation of maritime boundary issues and infringement upon Chinas maritime rights and interests. Relevant countries should respect Chinas sovereignty, territorial integrity, and maritime rights and interests, stop confusing right and wrong and distorting the truth, and relevant institutions should not make statements inconsistent with their status. The DPP authorities turn a deaf ear and a blind eye to the infringements committed by Japan and the Philippines, but instead colluded with external forces to launch a massive attack and smear campaign against the central governments rights protection efforts, and clamored for the fallacy of "Taiwan independence." This once again exposes the DPP authorities stubborn "Taiwan independence" nature and their ugly face of betraying the overall interests of the Chinese nation, and will surely be spurned by compatriots on both sides of the Taiwan Strait and subject to historical reckoning.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.