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On April 29th, a thematic exchange activity on data development theory and practice research, hosted by the National Data Development Research Institute, was held in Fuzhou on April 28th. During the event, the "Computing-Power Collaborative Technology and Industry Integration Innovation Consortium" was established. Yuan Jun, Vice President of the National Data Development Research Institute, stated that the current collaborative development of computing and power faces a synergistic dilemma involving three objectives: security, green development, and economic efficiency—the "impossible triangle" challenge. The rapid growth in computing power demand is mismatched with the long construction cycle of energy facilities, and the "electricity waiting for computing" approach easily leads to over-allocation and resource waste. A nationwide coordinated approach is needed, integrating computing power and power grid planning into a unified spatial system, with appropriate forward-looking and dynamic adaptation to AI development.Market news: The EU is considering imposing stricter conditions on its $105 billion loan to Ukraine.On April 29th, it was learned from the Beijing Municipal Administration for Market Regulation that since the beginning of this year, Beijings market regulation departments have been cracking down on illegal modifications of electric bicycles that exceed standards through various means, including undercover investigations, surprise night inspections, source tracing, and testing. In response to typical problems discovered during the special rectification campaign, the Beijing Municipal Administration for Market Regulation recently held warning talks with eight electric bicycle manufacturers—Yadea, Aima, Tailg, Ninebot, Niu, Xiaodao, Xinri, and Luyuan—and their Beijing-based sales agents, clearly outlining "two implementations and five prohibitions." These include: enterprises must strictly implement their primary responsibility for quality and safety; strictly implement mandatory product certification regulations; strictly prohibit the production and sale of vehicles inconsistent with certified samples; strictly prohibit reserving space for modification; strictly prohibit the sale of uncertified vehicles; strictly prohibit the sale of substandard vehicles; and strictly prohibit the addition of modifications to electric bicycles, effectively ensuring consumer safety.During the 25th collective study session of the Political Bureau of the CPC Central Committee, Xi Jinping emphasized the need to focus on improving the ability to prevent and respond to natural disasters and to effectively safeguard the lives and property of the people.April 29 - In recent years, the Cyberspace Administration of China has focused on carrying out special campaigns to address typical and prominent issues that undermine the business environment and harm the legitimate rights and interests of enterprises and entrepreneurs online. A total of more than 927,000 pieces of infringing information involving enterprises have been cleaned up, and more than 89,800 illegal and irregular accounts have been dealt with.

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.