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European Commission President Ursula von der Leyen: I had a good meeting with US President Trump during the Popes funeral. But if I go to the White House, I hope to reach a package and find a solution.On May 9, the U.S. Army delayed until next year whether to approve the full production of Lockheed Martins $2 billion air defense radar system, which is seen as a candidate system for the Trump administrations proposed "Golden Dome" defense umbrella. The U.S. Army previously said it planned to make a full-rate production decision on Lockheeds "Sentinel A4" radar in October, but now the schedule has been postponed to between July and September 2026 to conduct more intense combat tests. The delay is significant because the full-rate production stage is an important milestone for defense contractors and the most profitable stage in the weapons program.Federal Reserve Board Governor Barr will speak on artificial intelligence and the job market in ten minutes.On May 9, the Zug Cantonal Court of Switzerland said in a statement that on May 9, 2025, the Zug Cantonal Court of Switzerland approved the settlement agreement signed by Nord Stream 2 AG, the operator of the Nord Stream 2 natural gas pipeline, and its creditors on April 30, 2025. The statement said they could appeal the decision on the settlement agreement. Since the decision of May 9, 2025 has not yet come into effect, the state court did not provide any additional information on the suspension of the restructuring of the debt of Nord Stream 2 AG. The Nord Stream 2 offshore natural gas pipeline can transport 55 billion cubic meters of natural gas per year, but the German authorities previously stopped the certification process for the natural gas pipeline, and the United States included the Nord Stream 2 project company on the sanctions list. One of the pipelines was damaged in a strong explosion in 2022. In early 2025, the Danish Energy Agency approved the Swiss subsidiary of Gazprom, Nord Stream 2 AG, to maintain the natural gas pipeline.On May 9, Hongmeng Intelligent Driving released its April Intelligent Driving Assistance Report. The report shows that Hongmeng Intelligent Drivings total mileage in April exceeded 264 million kilometers, the user activity rate reached 88.62%, the average intelligent driving assistance mileage per user reached 561.65 kilometers, and a total of 16.254 million times of intelligent assisted parking were used.

ETH Bulls Target a Return to $1,600 on Shanghai Hard Fork Sentiment

Cory Russell

Jan 17, 2023 15:20

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On Sunday, Ethereum (ETH) increased by 0.19%. ETH gained 6.75% on Saturday before gaining 20.39% for the week to $1,553. For the second time since November 7, ETH ended the day above $1,500.


ETH saw a negative start to the day, dropping to a low of $1,516 in the morning. ETH increased to a high of $1,567 in the late afternoon after avoiding the First Major Support Level (S1) at $1,467. ETH slipped back to conclude the day at $1,553 after failing to pass the First Major Resistance Level (R1) at $1,616, however.


Bitcoin (BTC) decreased by 0.40% on Sunday. BTC concluded the week up by 21.83% to $20,882, somewhat erasing a 5.20% rise from Saturday. Notably, BTC had its seven-session winning run come to an end while testing $21,000 for the second time since November 7.


As the day got off to a negative start, BTC dropped to an early low of $20,566. BTC increased to a high of $21,055 in the late afternoon, avoiding the First Major Support Level (S1) around $20,116. BTC crept slightly to close the day at $20,882, but it fell short of the First Major Resistance Level (R1) at $21,597.