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Xiaomi Auto: By April 2026, deliveries will exceed 30,000 units.India is poised for a scorching summer, with conditions expected to persist until the monsoon rains arrive in June. This comes at a time when the country is facing energy shortages, and the extreme heat has already strained its power grid. The Indian Meteorological Department will release its May weather forecast on Friday, following its March prediction of an unusually high number of hot days this year, which it subsequently warned of. The latest forecast will cover what is typically the hottest period of the year. India is already facing shortages of crude oil, liquefied natural gas, and liquefied petroleum gas due to the Iran-Iraq conflict. Meanwhile, the extreme heat is driving electricity demand to unprecedented levels, leading to frequent power outages as infrastructure and power generation systems struggle to cope.Japans final manufacturing PMI for April was 55.1, down from 54.9 in the previous month.South Koreas exports continued to surge in April, driven by semiconductor shipments, demonstrating the resilience of the trade-dependent economy despite risks from the Middle East conflict. Semiconductor shipments, which account for about a quarter of the countrys total exports, surged, fueled by demand from global tech companies building artificial intelligence infrastructure. This result highlights how AI-related demand is helping the high-tech economy weather volatility associated with the Middle East conflict. Major memory chip makers such as Samsung Electronics and SK Hynix reported record first-quarter profits and are expected to continue setting records this year, despite soaring input costs due to the conflict in Iran. South Koreas Ministry of Trade, Industry and Energy said on Friday that exports rose 48.0% year-on-year in April to $85.89 billion, with Marchs growth revised to 49.2%. Imports rose 16.7% year-on-year to $62.11 billion, resulting in a trade surplus of $23.77 billion in April. Strong memory chip shipments continued to drive export growth, offsetting weaker performance in other categories such as automobiles and steel.Tesla (TSLA.O) updated its annual report on Thursday, stating that it earned over $500 million from sales to SpaceX and xAI. Tesla disclosed in January that its business dealings with xAI were approximately $430.1 million. Thursdays updated report shows that Tesla received an additional $143.3 million from SpaceX.

With a $20 Million Investment, eToro Will Enter The Blue-Chip NFT Space

Cory Russell

Apr 08, 2022 10:28

eToro has announced the formation of a $20 million fund to invest in blue-chip NFTs.


The money will be invested via eToro.art, the company's new platform.


Following the fund's inception, the trading business claims it will be "one of the largest NFT collectors internationally."


eToro, an Israeli social trading and multi-asset brokerage firm, has announced the formation of a $20 million non-fungible token (NFT) fund.

Blue-chip NFT Craze

Million-dollar JPEGs would have been laughable a decade ago. Even Nevertheless, everyone now wants an animated monkey NFT that could turn them into a billionaire. Blue-chip NFTs have carved out a place for themselves in this way.


A 'blue chip' firm is one that is considered a safe investment in the conventional financial market.


Blue-chip NFTs are those that have surged in price, such as Cryptopunks or BAYC. Market observers have begun to refer to these projects as "blue-chip NFTs," implying that they will maintain their high values for a long period.


With NFT fever on the rise, every collector is looking for a project that may turn out to be a blue-chip NFT. Finding the correct project early on, however, is not straightforward. eToro announced the opening of its $20 million fund on Thursday, with the goal of purchasing blue-chip NFTs and supporting developing ventures in the area.

eToro’s Entry in NFTs

According to an eToro news statement, the money will be invested in the company's newly created 'eToro.art' platform. The platform wants to deliver the NFT industry's 'joy and community' to its 27 million members.


Furthermore, eToro promises that once its assets are completely deployed, it will be "one of the world's top NFT collectors." NFTs from projects such as Bored Ape Yacht Club, CryptoPunks, and World of Women, among others, are already available on the eToro.art platform.


"As a firm with one eye continually on 'what's next,' eToro sees great promise in the metaverse and a spectrum of new digital assets," said Yoni Assia, Co-Founder and CEO of eToro.


Recently, more well-known businesses have been flocking to NFTs. Notably, high-profile personalities have followed Visa's example following its acquisition of CryptoPunk in August 2021. In February, KPMG Canada purchased a World of Women NFT. Simultaneously, Universal Music Group formed an NFT band centered on a Bored Ape figurehead.

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