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1. All three major U.S. stock indexes closed higher. The Dow Jones Industrial Average rose 0.83% to 46,946.41 points, the S&P 500 rose 1.01% to 6,699.38 points, and the Nasdaq Composite rose 1.22% to 22,374.18 points. Salesforce rose over 2%, with Amazon leading the gains at nearly 2%. The Wind U.S. Tech Big Seven Index rose 1.38%, with Facebook rising over 2% and Nvidia rising over 1%. The Nasdaq China Golden Dragon Index rose 0.95%, with Tencent Music rising over 6% and Li Auto rising over 5%. 2. All three major European stock indexes closed higher. The German DAX rose 0.5% to 23,564.01 points, the French CAC40 rose 0.31% to 7,935.97 points, and the UK FTSE 100 rose 0.55% to 10,317.69 points. 3. The WTI crude oil futures contract closed down 4.55% at $94.22 per barrel; the Brent crude oil futures contract fell 2.06% to $101.02 per barrel. 4. International precious metals futures generally closed lower, with COMEX gold futures down 1.00% to $5011.30 per ounce and COMEX silver futures down 0.42% to $81.00 per ounce.On March 17th, UK Chancellor of the Exchequer Reeves vowed that the UK will adopt artificial intelligence faster than any other G7 country, calling the technology a key pillar of its economic growth strategy. According to a pre-released transcript of his speech from the Treasury, Reeves will outline his economic vision for the coming years in his annual Mais speech on Tuesday, listing artificial intelligence, regional development, and a closer relationship with the EU as the most important growth opportunities. Prior to Reeves speech, the government announced £2.5 billion in funding for artificial intelligence and quantum computing, including £1 billion for the purchase of commercial-scale quantum computers. This funding also includes a previously announced £500 million plan to establish a sovereign AI fund, launching next month, to invest in promising AI startups.Australian Trade Minister: I spoke with EU Trade Commissioner Maroš Šefčovič last night and am confident of reaching a trade agreement.NASA: The team currently plans to unload the Artemis 2 rocket no earlier than Friday, March 20.On March 17, Trump stated in a speech at the White House on Monday that he believed he would be "honored to take over Cuba," adding that he "could do whatever he wanted with this country." This came after the US forced Venezuela to halt crucial support to Cuba, leading to a gradual depletion of Cubas fuel supplies. He said, "I think Cubas end is near. Ive spent my whole life hearing people talk about the United States and Cuba. When will the United States act? Im sure I will have the honor—the honor of taking over Cuba." When asked to explain what "takeover" meant, Trump indicated that the US might intervene in "some form." He said, "Whether its liberating it, taking over it, frankly, I think I could do whatever I wanted with it. Theyre a very weak country right now." These remarks represent a further escalation in Trumps tone. Just last Friday, he also stated that a "friendly takeover" of Cuba might be feasible.

ADA Price Prediction: IOHK Updates and EMURGO Silence to Test $0.320

Cory Russell

Mar 06, 2023 16:54


ADA dropped on Saturday by 1.75%. Friday saw a drop of 2.28%, and ADA closed the day at $0.337. Despite the negative afternoon, ADA managed to stay above $0.330.


After a positive opening to the day, ADA increased to a peak of $0.347 before going back down. ADA declined to a late low of $0.331, falling shy of the First Significant Resistance Line (R1) at $0.356.


However, ADA found late support to finish the day at $0.337 while avoiding the First Significant Support Line (S1) at $0.326.


Input Output HK (IOHK) published its weekly development report on Friday. The report disappoints as the outlook worsens. The lack of new projects starting on the Cardano network in the previous week disappointed investors who were looking for project influx in the figures. It's possible that increased governmental and legislative monitoring is causing companies to postpone project openings. A clearer image will emerge from the project's financial data in the following weeks.


117 initiatives were started on the Cardano network, which is unaltered from February 24 according to the Weekly Progress update for March 3.


The overall number of Cardano network projects increased by four from the prior update to 1,209.


There were 5,953 Plutus screenplays in total, of which 797 were Plutus V2 scripts. There were 5,857 Plutus programs as of February 24.


Before the Vasil hard split, 98 projects had been released on Cardano, and 1,100 projects were developing on the Cardano network.


In addition, there were 7 million native tokens (7.83 million in the prior report), 62.2 million trades (61.8 million in the prior report), and 70,258 token policies (PR: 70,039).


Concerns about the SEC's emphasis on stablecoins will arise for EMURGO and the upcoming rollout of the USDA algorithmic stablecoin. The debut of EMURGO's Agricultural stablecoins on the Cardano network is planned for Q1 2023. As the first quarter draws to a close, a dearth of information would put customer interest to the test.