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March 10th - According to AXIOS, a new alliance including Google and Tesla will address energy burden by utilizing underutilized capacity in the power grid. With electricity prices soaring due to demand from AI data centers and other sources, electricity burden has become a central issue. The alliance, called Utilize, plans to collaborate with state legislators, regulators, and utilities to improve grid operation while maintaining reliability and speed of deployment. Alliance officials stated they plan to soon release a study from Brattle Group showing that system improvements could save U.S. consumers up to $180 billion over the next decade. Utilize members also include air conditioning giant Carrier, deployment services company Sparkfund, power panel manufacturer SPAN, and data center developer Verrus.March 10th - AGIBOT has recently accelerated its expansion in the Singapore market, systematically deploying resources to expedite the implementation of its Asia-Pacific strategy. The company has successively reached its first overseas carrier-level strategic cooperation agreement with Singtel Enterprise and is collaborating with the Certis Group to explore intelligent scenarios in aviation and infrastructure. Specifically, on March 5th, AGIBOT announced the signing of a strategic cooperation agreement with Singtel. The two companies will deeply integrate AGIBOTs embodied intelligence technology with Singtels communication network advantages to jointly build a high-standard, verifiable ecosystem for innovative robot applications and a digital foundation.According to the AXIOS website, a consortium of companies including Google and Tesla will address energy affordability by tapping into underutilized grid capacity.On March 10th, NIO founder, chairman, and CEO William Li stated during the Q4 and full-year earnings call for 2025 that NIO will develop three new models this year: the flagship tech-driven executive SUV ES9 will launch in Q2; a large five-seater SUV based on the new ES8 platform will launch in Q3; and the Ledao L80 will launch in Q2. Together with the Ledao L90 and the currently popular new ES8, these five mid-to-large and large SUVs are expected to lay a very solid foundation for sales growth throughout the year.On March 10th, during the Q4 and full-year earnings call for 2025, NIO founder, chairman, and CEO William Li stated that NIO, Ledao, and Firefly will focus on key markets this year while jointly expanding into lower-tier cities. Through the joint SKY stores of the three brands, they will achieve efficient sales and service network coverage in more prefecture-level cities.

ETH Aims for $1,700 as Investors Return Following a Sunday Break

Daniel Rogers

Nov 01, 2022 17:52

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Bitcoin (BTC) and ethereum (ETH) saw losses on Sunday, but concluded the week with gains of 5.42 percent and 16.63 percent, respectively. Despite the fact that expectations of a December Fed pivot provided support throughout the week, the pair experienced profit-taking on Sunday. Nevertheless, the technical indications remain optimistic, indicating additional increases in the coming week.

 

Bitcoin (BTC) declined by 0.89% on Sunday. BTC finished the week up 5.42% at $20,647, partially offsetting Saturday's 1.08% gain. Notably, Bitcoin closed the day at $20,000 for the sixth consecutive session, averting a drop below $20,000 for the fifth consecutive day.

 

After a volatile start to the day, BTC reached a high of $20,950 by mid-morning. BTC reached a late-day low of $20,532 after failing to surpass the First Major Resistance Level (R1) at $21,092. BTC momentarily breached the First Major Support Level (S1) at $20,576 before recovering partially to $20,647.

 

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On Sunday, Ethereum (ETH) declined 1.79 percent. ETH closed the week up 16.63% to $1,591, partially reversing a 4.18% gain from Saturday.

 

ETH reached a mid-morning high of $1,640 after a positive start to the day. ETH dropped to a late-afternoon low of $1,576 after failing to surpass the First Major Resistance Level (R1) at $1,673. ETH completed the day at $1,591, avoiding the First Significant Support Level (S1) at $1,557.

 

It was a calm conclusion to a bullish week, allowing investors to lock in profits prior to a significant week on the global financial markets. On Wednesday, the Federal Reserve will announce its interest rate decision. While the markets are relying for a 75-basis-point rate hike, the crypto bulls continue to be challenged by the Fed's December plans.

 

Due to the crypto market's sensitivity to US economic statistics and the Federal Reserve, the correlation between BTC and ETH and the NASDAQ Composite Index remains intact.

 

The FedWatch Tool placed the likelihood of November and December rate rises at 86.7% and 45.5%, respectively, this morning. Prior to one week, the probability of a 75-basis-point increase in December stood at 54.9%.

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