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On September 18th, the State Administration for Market Regulation (SAMR) strengthened its systematic approach and focused on promoting the formulation of a batch of national standards for core quantum devices. Among these, two new national standards were released: the "Technical Specification for Quantum Compressed Light Source" and the "Performance Testing Method for Periodically Polarized Lithium Niobate Quantum Frequency Conversion Devices." Four new national standard projects were initiated: the "Technical Specification for Continuous Variable Optical Quantum Entanglement Source in Quantum Technology," the "Performance Requirements and Testing Methods for Diamond Nitrogen-Vacancy Color Center Materials for Power Measurement," and the "Performance Characterization and Measurement Methods for Solid-State Spin Quantum Magnetometers in Quantum Measurement." Several other standards under development, including the "Performance Characterization and Measurement Methods for Two-Photon Polarized Entanglement Source in Quantum Technology" and the "Performance Characterization and Measurement Methods for Ultra-High Reflectivity Optical Thin Films in Quantum Technology," are progressing steadily, accelerating the construction and improvement of my countrys national standard system for quantum technology. Going forward, the SAMR (National Standardization Administration) will continue to accelerate the development of national standards for two-photon polarized entanglement sources and ultra-high reflectivity optical thin films, gradually improving the standard chain for core quantum devices and key equipment, and continuously strengthening the engineering and technical standard foundation for the quantum industry.On September 18, at the Huawei Connect 2026 conference, Zhou Yuefeng, Director of Huawei and CEO of Huawei Cloud, announced that the Lingqu Ascend 950 intelligent computing cluster cloud service will be commercially available in the domestic market on September 30 and in the global market on November 30.On September 18th, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan." An official from the Ministry of Housing and Urban-Rural Development stated that the key to improving peoples living standards is building "good houses." What kind of good houses should be built? Safe, comfortable, green, and smart. How to build good houses? Promote the entire chain and the entire life cycle from good standards, good design, good materials, good construction, and good operation and maintenance. What are good standards? We believe that standards that the people consider good are good standards. The official stated that they have carefully listened to the publics opinions on improving living conditions and have raised housing quality requirements in 14 aspects.On September 18, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan". Chen Shaowang, spokesperson and vice minister of the Ministry of Housing and Urban-Rural Development, said at the conference that the 15th Five-Year Plan period aims to achieve five goals: significant progress in the construction of modern peoples cities, a new improvement in the living standards of the people, remarkable results in the upgrading of the construction industry, a significant enhancement of global influence in the field of human settlements, and a comprehensive consolidation of the foundation for high-quality development.According to data from the National Bureau of Statistics, Chinas aluminum production in August 2026 was 5.609 million tons, a year-on-year decrease of 0.3%; the cumulative production from January to August was 43.285 million tons, a year-on-year decrease of 1.6%. Looking at the provincial data, Shandong ranked first with a production of 9.3153 million tons from January to August, followed by Henan with 8.0752 million tons, and Guangdong with 3.1162 million tons.

BTC Fear & Greed Index Slips to 22 Despite a BTC Run at $20,000

Skylar Shaw

Oct 24, 2022 15:19

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For Bitcoin, Sunday was a positive day. The Fear & Greed Index was not, however, moved into the Fear zone by lowering expectations on a hawkish Fed action in December.


Bitcoin (BTC) increased by 1.90% on Sunday. BTC increased 0.29% on Saturday before rising 1.65% for the week to $19,585. Notably, BTC avoided sub-$19,000 for a second session and fell short of $20,000 for the seventeenth session in a row.


After a negative morning, BTC dropped to a low of $19,086 around midday. Before regaining momentum and reaching a late high of $19,707, BTC breached the First Major Support Level (S1) at $19,136. BTC overcame the major resistance levels for the day to end the week at $19,585. Late support was provided by the Third Major Resistance Level (R3) at $19,515.


Demand for riskier assets was sustained by investors' response to Friday's less aggressive Fed comments. The likelihood of rate increases in November and December was 87.5% and 48.7%, respectively, according to the FedWatch Tool this morning. The probability of a 75-basis point increase in December was 69.8% a week ago.


Interest will be generated by the preliminary October private sector PMIs for the US. Bets on a 75-basis point Fed rate rise in December might be revived by an uptick in service sector activity and employment throughout the private sector.


The NASDAQ 100 Mini was up 112 points this morning, reflecting a positive start to the week.

Fear and Greed Index Drops to 22/100 Although BTC had a bullish session

The Fear & Greed Index decreased from 23 to 22 today. Despite the robust Sunday session for Bitcoin and the larger crypto market, the decline further into the Extreme Fear zone nevertheless occurred.


Although odds of a 75 basis point Fed rate increase in December have decreased, the Ukraine crisis and the Fed's monetary policy continue to produce economic uncertainty. Today's investors will also be put to the test by US economic figures.


However, crypto-friendly statistics ought to encourage a return of the Index to the Fear region.


The Index will need to keep avoiding sub-20/100 for the bulls to justify a change in mood. However, a decline to below 20/100 would indicate a BTC decline to below $18,000.


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