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On July 9, Apple (AAPL.O) announced that Jeff Williams, the companys chief operating officer who has served for 27 years, will retire later this year. It is reported that since being promoted to chief operating officer in 2015, Williams has been responsible for Apples overall global operations as well as customer service and support. He also led the engineering development of Apple Watch and related projects in the health field, and took over Apples design team in 2023. Williams will continue to stay at Apple in a transitional role until he officially retires at the end of this year. During this period, he will continue to report to Apple CEO Cook and manage the design team and engineering development of Apple Watch. After retirement, the design team will report directly to Cook. Apple said that Sabih will gradually take over the position of chief operating officer starting later this month. For the past six years, he has been responsible for Apples global supply chain, overseeing all related matters from manufacturing to logistics.Reserve Bank of Australia Deputy Chairman Hauser: Tariffs have a profound impact on the global economy and will drag down economic growth.RBA Deputy Governor Hauser: The RBA will update its research strategy and set new priorities.July 9, U.S. Homeland Security Secretary Noem announced on Tuesday that travelers will no longer need to take off their shoes when passing through the Transportation Security Administration (TSA) security checkpoints at all U.S. airports, ending the agencys nearly 20-year mandatory requirement. The new policy will take effect at all airports across the country. Although the equipment installed at each airport may be different, Noem assured that the Department of Homeland Security has evaluated the equipment at each airport and is "fully confident" that travelers are wearing shoes through security checks, which is sufficient to ensure safety.The White House is considering providing Ukraine with another set of Patriot air defense systems. The United States may seek more Patriot air defense systems for Kiev from its allies.

ETH and a Look at $1,800 Shanghai Hard Fork Update Dependent

Skylar Shaw

Feb 20, 2023 15:57

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On Saturday, Ethereum (ETH) fell by 0.12%. On Friday, ETH gained 3.42% and closed the day at $1,692. ETH returned to $1,700 for a third session in a row.


After spending the morning in a narrow range, ETH increased to a late-afternoon high of $1,714 before going back down. The price of ETH dropped to a late low of $1,680 after failing to reach the First Major Resistance Level (R1) at $1,734. The First Significant Support Level (S1) at $1,642 was avoided, and ETH returned to $1,694 before slipping back into the negative territory.


Bitcoin (BTC) increased by 0.21% on Saturday. BTC finished the day at $24,633, building on a 4.48% increase from Friday. Bitcoin missed the $25,000 level for the first time in three sessions despite the positive day.


Following a day of range-bound trading, Bitcoin dropped to a low of $24,450 in the early morning. BTC increased to a high of $24,878 in the late afternoon, avoiding the First Significant Support Level (S1) at $23,614 in the process. Bitcoin slipped down to close the day at $24,633 after failing to surpass the First Major Resistance Level (R1) at $25,287.

Shanghai Hard Fork Update: ETH is no longer active Without heels

There were no development updates from Shapella testnet testing on Saturday. The Shanghai hard fork is anticipated to take place in March, therefore on Saturday, the absence of news was welcome. Yet, ETH and BTC may have been held back from another high session by uncertainties over the US crypto industry regulatory environment and Fed Fear.


While US lawmakers' investigation of SEC regulatory action resulted in mid-week support, there is still anti-crypto sentiment on Capitol Hill in the aftermath of FTX's bankruptcy.


Last week, Coinbase CEO Brian Armstrong urged for more clarity in cryptocurrency legislation, stating that the absence of such regulations and a hostile regulatory climate were contributing to America's long-term decline as a financial center. To adopt unambiguous law, Congress has to move quickly.


 Everyone can use cryptocurrency, and others are taking the lead. The UK, the EU, and now Hong Kong.


The CEO of Coinbase said that all inhabitants of Hong Kong would be able to trade cryptocurrencies starting on June 1.


Although progress toward the Shanghai hard fork is encouraging for ETH, the impact of the hard fork on ETH will probably rely on the state of the cryptocurrency market. Investor attitude and staking intents would be affected by the SEC's enforcement of regulation being tightened up and by anti-crypto sentiment on Capitol Hill.


The SEC's action against Kraken and other cryptocurrency staking firms caused a significant decline in daily staking inflows for Ethereum. After the decline on February 13, stake inflows have been inconsistent.


CryptoQuant reports that daily ETH staking inflows reached a low of 4,896 ETH on February 23 before increasing. Inflows peaked at 33,280 EHT on February 14 before dropping to 16,640 EHT on Friday and 11,520 EHT on Saturday.

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