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According to Hong Kong Stock Exchange documents, Yonyou Network Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.Intercontinental Exchange: As of the week ending December 23, ICE diesel speculators reduced their net long positions by 19,306 contracts to 19,454 contracts.On December 29th, Moneyfarm analyst Richard Flax stated in a report that the U.S. economy is projected to experience robust growth until 2026. He said that substantial investment in the artificial intelligence industry, the Federal Reserves interest rate cuts, and government support are likely to fuel economic growth. This growth is expected to boost earnings for U.S. companies. Richard Flax stated, "The macroeconomic backdrop appears favorable, although this largely depends on the continued momentum of investment in artificial intelligence."On December 29th, it was reported that on December 26th, the National Energy Administration held a symposium in Kunming, Yunnan Province, on promoting the construction of a high-quality charging infrastructure system by 2025. The meeting emphasized that the next step is to solidly implement the "Three-Year Doubling" action plan for electric vehicle charging facility service capacity by improving facilities, enhancing services, and strengthening safety, thereby accelerating the construction of a high-quality charging infrastructure system. This includes improving the charging infrastructure service network, increasing the coverage of charging facilities in key scenarios such as residential areas and rural areas; optimizing the service efficiency of charging infrastructure, promoting the planning and construction of high-power charging facilities; focusing on improving the quality of charging operation services and effectively protecting consumer rights; accelerating the cultivation of a healthy and positive industrial ecosystem and further promoting the large-scale application pilot of vehicle-to-grid interaction; and strengthening the safety management of charging infrastructure to prevent and resolve safety risks in the charging sector.U.S. Geological Survey: A 5.1-magnitude earthquake struck 115 kilometers south of Kokopo, Papua New Guinea.

Demand for Crypto, Despite the Storm

Skylar Shaw

Oct 18, 2022 16:07

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Over the previous week, Bitcoin lost 0.8% and ended close to $19,300. There were no noticeable price increases at the beginning of the new week. The exchange rate is still tied to the current price, with the exception of significant market movements on Thursday and Friday. To $1310, Ethereum was down 0.9%. The price of the top 10 other cryptocurrencies decreased from 1.8% (BNB) to 12.5%. (Cardano).


According to CoinMarketCap, the total market value of cryptocurrencies fell 2% over the course of the week to $925 billion. The Bitcoin Dread & Greed Index is still in a condition of "severe fear," having dropped to 20 on Monday from 22 the previous week and 24 the day before.


Despite the unfavorable external environment, BTC has made a successful effort to retain its September lows in the face of stock market sentiment that is far more concerning. We consider it unworkable to think of cryptocurrencies as safe-haven investments and interpret the stability in the prices of the main cryptocurrencies as a sign of strong internal demand for risk.

News context

Despite its very volatile pricing, DBS Bank of Singapore described Bitcoin as a useful instrument for transaction clearing. The BTC market is open around-the-clock, allowing investors to get funds and liquidity as required.


The cryptocurrency wallet MetaMask will provide a new feature that will let consumers in the United States to purchase cryptocurrencies straight from their bank accounts.


China has proposed a pan-Asian digital currency to lessen the region's economy' reliance on the dollar.


The commercial company shares that Tether utilized to support USDT Stablecoin have been totally deleted.


In the meanwhile, artificial intelligence-based fair market value estimation for non-transferable tokens (NFT) was presented by digital asset management firm CoinShares.

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