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July 5th - OPEC+, comprised of OPEC and other oil-producing nations, will hold its monthly meeting later today. An informed source indicated that OPEC+ has agreed in principle to increase crude oil production quotas by 188,000 barrels per day in August. Two other sources stated that this increase is the most likely decision.July 5th - The Malian military reported on the 4th that military positions in multiple locations across Mali were subjected to a new round of coordinated attacks by armed groups. The military successfully repelled all attacks, and the attacked positions remain under its "complete control." The report stated that these attacks occurred in Agailok, Anefisse, Gao in northern Mali, and Sevare in central Mali. A local official in Gao said that before dawn on the 4th, militants launched a fierce attack on military camps with guns and rockets. A local resident said, "This morning, no one can leave their homes... The Malian armed forces have blocked all the streets. The gunfire was so intense, it felt like the roofs were about to collapse."July 5th - According to Israeli sources on the 5th local time, Israeli Transportation Minister Miri Regev confirmed that Israel deployed an Iron Dome air defense system to the United Arab Emirates in the early stages of the US-Israel-Iran conflict. This marks the first time the Iron Dome has been deployed to a country outside of Israel and the United States. Reportedly, this is the first time an Israeli government official has publicly acknowledged deploying the Iron Dome system to the UAE. Previously, related reports had been confirmed by US officials.OPEC+ sources: OPEC+ has agreed in principle to increase its oil production target by 188,000 barrels per day starting in August.On July 5th, at the 2026 Global Digital Economy Conference Results Release Conference, Lu Ya, Vice President of the Beijing Academy of Social Sciences, released the "Beijing Digital Economy Development Report (2025-2026)" blue book. The report shows that in 2025, Beijings digital economy added value exceeded 2.4 trillion yuan, a year-on-year increase of 8.7%, accounting for 46.4% of GDP. It ranked second in the global digital economy benchmark city index evaluation, with a development index value of 0.770, firmly maintaining its position as a "global leading city." Lu Ya introduced that Beijings status as the "No. 1 city for artificial intelligence" continues to be consolidated. In 2025, the core artificial intelligence industry scale reached approximately 450 billion yuan, attracting over 2,500 related enterprises. As of April 2026, 225 large-scale models had been registered. Innovation and industry application of large-scale models are accelerating in both directions, rapidly empowering industrial upgrading, technological innovation, and public services. The market-oriented reform of data elements is being deepened, and breakthroughs have been achieved in the construction of "one zone and three centers." The on-exchange transaction volume of the Beijing International Big Data Exchange increased by 150% year-on-year, and the circulation of trusted data space is deepening around key areas such as healthcare and audiovisual media.

ETH Bulls Eye $1,650 on Justin Sun’s Bullish Stake on Shanghai Upgrade

Skylar Shaw

Feb 27, 2023 16:10

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On Saturday, Ethereum (ETH) decreased by 0.81%. Friday saw ETH lose 2.60% and finish the day at $1,595. For the third time in ten hours, ETH fell below $1,600 during the negative session.


After a divided morning, ETH reached a peak of $1,609 early on. ETH declined to a late low of $1,558 after failing to pass through the First Significant Resistance Line (R1) at $1,657. Before finishing the day at $1,595, ETH momentarily breached the First Significant Support Line (S1) at $1,567.


Bitcoin (BTC) decreased by 0.09% on Saturday. Bitcoin finished the day at $23,178, down from Friday's closing price of $3,133%. Bitcoin fell below $23,000 for the second time in ten hours during the negative session. BTC's loss run now stands at five periods, which is the second of the year.


Bitcoin reached a morning peak of $23,223 despite the day's uneven start. Bitcoin fell to a late low of $22,810 after failing to pass the First Significant Resistance Level (R1), which is located at $23,942.

 However, Bitcoin found late support to finish the day at $23,178, avoiding the First Significant Support Line (S1) at $22,665.

The Fed and the G20 Take Priority Over Shanghai's Improvement

The Ethereum community is very active right now because the Shanghai update is scheduled for February 28. Although there is disagreement in the market regarding how the Shanghai update will affect ETH, Justin Sun, the creator of Tron (TRX), has taken an optimistic stance and staked 150,100 ETH on Lido (LDO).


According to Cryptoquant data, ETH pledging payments increased significantly on Saturday. The graph below displays the 150,100 ETH influx that was a component of the February 25 198,560 ETH staking outflows.