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On August 29th, according to "Optics Valley of China," Wuhan Xinxin Semiconductor Manufacturing Co., Ltd. (Wuhan Xinxin) released its "Chip-Optics Plan." Over the next ten years, the company will be strategically guided by "optical sensing interconnection and 3D in-memory computing," building an internationally competitive specialized process wafer manufacturing and 3D integration industrial platform. It aims to create the leading industry cluster in "3D Link-Optoelectronic Fusion-SOI," striving to quadruple its production capacity, drive the coordinated development of a trillion-yuan-level upstream and downstream industrial chain ecosystem, and attract and cultivate over 10,000 high-end semiconductor talents.August 29th - The State Administration for Market Regulation released data today (August 29th) showing that 35,000 new foreign-invested enterprises were established nationwide in the first half of the year, a year-on-year increase of 7.0%. In terms of investment regions, the growth of foreign-invested enterprises in major export provinces and border provinces was driven by both. In the first half of the year, the growth rates of newly established foreign-invested enterprises in major export provinces such as Hainan, Shandong, Guangdong, and Jiangsu were 38.6%, 15.2%, 8.1%, and 6.8%, respectively; while the growth rates in border provinces such as Heilongjiang, Inner Mongolia, Guangxi, and Jilin reached 79.5%, 29.1%, 16.6%, and 12.0%, respectively.On August 29th, it was reported that a landslide dammed lake had formed near the confluence of the Tsogyal River in Nepal and the Purupuqiangzangbu River in my country, caused by the mudslide that occurred on the Nepalese side on August 26th. According to satellite remote sensing imagery taken at 7:38 AM on August 29th, the surface area of the Purupuqiangzangbu landslide dammed lake was 99,000 square meters, a decrease of 5,000 square meters compared to 12:00 PM on the 28th and a decrease of 21,000 square meters compared to the 27th. This indicates that the landslide dam is slowly overflowing and the water volume is gradually decreasing.On August 29th, OpenAI announced on its X platform that it will be terminating its partnership with its AI programming assistant Cursor following its acquisition by SpaceX. In another post on its website, OpenAI stated that it had notified Cursor of the phased termination of the contract, with a proposed shutdown date of November 12th. The post read, "We made this choice because, based on past experiences of Musks companies breaching contracts, we cannot be certain that SpaceX will use our technology within the scope of our terms of service."Nepalese police: The death toll from the Nepal floods has risen to 626.

XRP Bears Target a Return to Sub-$0.38 on Binance and US CPI Jitters

Cory Russell

Dec 13, 2022 15:38

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XRP was back in the red this morning after a NASDAQ Index-driven recovery on Monday as investors awaited information on Binance ahead of the CPI Report.


XRP increased on Monday by 1.44%. XRP finished the day at $0.3868, reversing a loss of 1.35% from the previous day. For the third session in a row, the price of XRP was below $0.39.


XRP experienced a negative start to the day, dropping to an early morning low of $0.3711. At $0.3768 and $0.3724, respectively, the First Major Support Level (S1) and Second Major Support Level (S2) were breached by XRP. However, XRP increased to a late high of $0.38967 after receiving support from a wider market. Before falling back to close the day at less than $0.3870, XRP broke through the First Major Resistance Level (R1) at $0.3872.

A bullish XRP session is delivered by Binance and the NASDAQ Index

Investors were not diverted from the cryptocurrency news wires by updates in the SEC v. Ripple lawsuit, which is still pending.


Investor mood was affected by reports of anomalous behavior on the Binance exchange and a Reuters report that US authorities planned to press charges for financial offences.


Prior to today's US CPI Report, the NASDAQ Index provided much-needed support. Through the afternoon session, demand for riskier assets was driven by expectations of lower inflation numbers and a Fed shift.


The US CPI Report and the NASDAQ Index will serve as today's primary sources of guidance because the SEC v. Ripple case has not yet produced any new developments. Investor concerns following Monday's optimism may put buyer interest to the test before today's data.