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On January 25th, Apple launched promotional activities through some of its direct sales channels. Among them, the iPhone Air, which has only been on the market for three months, has an official price reduction of 2000 yuan, with a maximum discount of 2500 yuan after the national subsidy. On the 25th, customer service at the Apple Stores official Tmall flagship store responded that only the iPhone 16 series is discounted on the official Apple website, and only this store is offering a discount on the iPhone Air through direct sales channels. The customer service representative also suggested adding the product to the shopping cart first. "Everyones very quick during the promotion." Furthermore, the customer service representative stated that this promotion is limited in quantity. Approximately 13,000 iPhone Air units are participating in the promotion.January 25 - According to the Japan Meteorological Agency, a magnitude 4.2 earthquake struck southern Ibaraki Prefecture, Japan, at 11:46 a.m. local time on January 25. The maximum intensity was 3, and the epicenter was at a depth of 50 kilometers. There is no risk of a tsunami.On January 25th, an international group of plaintiffs filed a lawsuit against Meta Platforms (META.O), accusing the company of making false claims regarding the privacy and security of its WhatsApp chat service. Meta touts its so-called "end-to-end" encryption as a core feature of WhatsApp, meaning that only the sender and receiver can read messages, and the company itself cannot access them. The company claims this encryption is enabled by default, and in-app messages show that only people in the current chat can read, listen to, or share messages. The plaintiff group filed the lawsuit on Friday in the U.S. District Court for the Southern District of California in San Francisco, accusing Meta of making false privacy claims. They claim that Meta and WhatsApp store, analyze, and have access to virtually all of WhatsApp users supposedly private communications, and accuse the company and its executives of defrauding billions of WhatsApp users worldwide. Meta spokesperson Andy Stone stated in an email that the lawsuit is baseless and that the company will seek sanctions against the plaintiffs lawyers.January 25th - Xiaomi founder, chairman, and CEO Lei Jun posted that the new generation SU7 Capri Blue is very beautiful in person, and they are striving to have some demo cars in dealerships before the Spring Festival, so everyone can experience it firsthand. Small orders have already begun.January 25th - At 10:29 AM on January 25th, the last regular-speed train departed from Guangzhou Railway Station. This marked the official end of regular-speed train service at the century-old station, ushering in a new era of high-speed rail.

El Salvador Buys The Dip With 80 More BTC

Jimmy Khan

Jul 01, 2022 14:15

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El Salvador's mysterious president Nayib Bukele tweeted on July 1 that his nation has purchased a further 80 BTC for almost $19,000 apiece before concluding, "Bitcoin is the future." The transaction would have cost around $1.52 million in total.


The Central American nation now has a total of 2,381 bitcoins, which lowers the dollar cost average price.


Early in May, Nayib made the prior acquisition of 500 BTC for $15 million. But back then, the asset was valued at around $32,000.


Beginning in September 2021, when it acquired 200 BTC, Holdings in The Red El Salvador started contributing Bitcoin to its treasury. However, the item was suddenly trading for more over $50,000. The next seven transactions that year, along with one in January, totaled an additional 410 BTC for an average cost of around $36,500.


The entire amount of El Salvador's Bitcoin holdings is presently $46.7 million, but the Nayib tracker (which hasn't yet included this most recent purchase) shows that the nation has lost around 55% of its investment capital. If sold, it would suffer a loss of around $58 million. Given that he just strengthened his stance on the asset, it is obvious that Nayib Bukele has no intention of selling.


Alejandro Zelaya, El Salvador's minister of finance, said in May that the amount of BTC the nation had at the time was less than 0.5 percent of its yearly budget. It created a "very minor" danger to the nation's financial situation, he said.


Economic growth in El Salvador has decreased, according to a CNBC piece published last week. The nation's debt-to-GDP ratio, which measures how much a country owes compared to how much it produces, will reach 87 percent this year, and its deficit continues to be large.


The boost in tourism, which has increased by 30% since Bitcoin was approved in September, is one benefit of Bukele's Bitcoin experiment. Additionally, Bukele's popularity ratings have increased to just around 85%. He is up for reelection in 2024, and if Bitcoin markets are still bullish by then, his position is all but secured.


El Salvador has followed software company MicroStrategy, which this week also added 480 BTC to its stockpile by purchasing additional Bitcoin.

BTC Falls under $19K

During the Friday morning Asian trading session, bitcoin prices fell to an intraday low of $18,782. But it rapidly bounced back, reaching $20,280 at the time of writing.


Although the asset has been range-bound for the previous two weeks, it has lost more than 36% of its value in that time. Since reaching an all-time high of $69,000 in November 2021, the price of bitcoin has decreased by 70%.


As the bears continue to control the markets, the fear and greed index is buried in the "severe fear" zone.

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