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New Zealand and Thailand launch strategic partnership.Hong Kong-listed blockchain stocks rose, with Boyaa Interactive (00434.HK) up nearly 13%, Yuxing Technology (08005.HK) up nearly 12%, Linekong Interactive (08267.HK) up 11.5%, and OKLink (01499.HK) up over 9%.On August 21, data from the National Energy Administration showed that in July, total electricity consumption reached 1.04 trillion kilowatt-hours, a year-on-year increase of 1.7%. By sector, primary industry electricity consumption was 16.7 billion kilowatt-hours, a year-on-year decrease of 2.0%. Secondary industry electricity consumption was 611.6 billion kilowatt-hours, a year-on-year increase of 3.0%; among which, industrial electricity consumption was 605.5 billion kilowatt-hours, a year-on-year increase of 3.3%, and high-tech and equipment manufacturing electricity consumption was 122 billion kilowatt-hours, a year-on-year increase of 8.9%. Tertiary industry electricity consumption was 218.3 billion kilowatt-hours, a year-on-year increase of 4.8%; among which, charging and swapping services and internet data services consumed 16.4 billion and 9.9 billion kilowatt-hours respectively, with growth rates reaching 50.3% and 40.1% respectively. Residential electricity consumption was 193.5 billion kilowatt-hours, a year-on-year decrease of 5.1%.NetEase Cloud Music (09899.HK) fell more than 14%. The companys adjusted net profit for the first half of the year was RMB 860 million, a year-on-year decrease of 55.8%.On August 21, the National Energy Administration released data on total electricity consumption for July. From January to July, total electricity consumption reached 6,139.9 billion kilowatt-hours, a year-on-year increase of 4.7%. By sector, primary industry electricity consumption was 87.7 billion kilowatt-hours, a year-on-year increase of 3.5%. Secondary industry electricity consumption was 3,917.3 billion kilowatt-hours, a year-on-year increase of 4.7%; among which, industrial electricity consumption was 3,881.5 billion kilowatt-hours, a year-on-year increase of 4.9%, and high-tech and equipment manufacturing electricity consumption was 722.8 billion kilowatt-hours, a year-on-year increase of 9.7%. Tertiary industry electricity consumption was 1,210 billion kilowatt-hours, a year-on-year increase of 7.4%; among which, charging and swapping services and internet data services consumed 97.4 billion and 59.3 billion kilowatt-hours respectively, with growth rates of 55.8% and 43.3%. Residential electricity consumption was 924.9 billion kilowatt-hours, a year-on-year increase of 1.3%.

ETH to Target $1,800 on ETH Staking Stats and BTC Return to $25,000

Jimmy Khan

Feb 21, 2023 15:19

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On Sunday, Ethereum (ETH) decreased by 0.71%. After losing 0.12% on Saturday, ETH gained 10.89% for the week to close at $1,680. ETH returned to $1,700 for a fourth session in a row.


Following a range-bound morning, ETH increased to a high of $1,727 in the late afternoon before going back down. Before dropping to a low of $1,667, ETH broke through the First Major Resistance Level (R1) at $1,711. Before partially regaining its footing to close the day at $1,680, ETH briefly breached the First Significant Support Level (S1) at $1,677.


Bitcoin's (BTC) price dropped by 1.42% on Sunday. Bitcoin gained 0.21% on Saturday but lost everything on Sunday, rising 11.53% to $24,284. Bitcoin returned to the $25,000 level for the third time in four sessions despite the negative session.


After a range-bound morning, Bitcoin surged to a high of $25,209 in the late afternoon. Before going backward, BTC passed through the First Major Resistance Level (R1) at $24,857 and the Second Major Resistance Level (R2) at $25,082. Bitcoin dropped to a late low of $24,221 after the reversal. At $24,429, BTC breached the First Significant Support Level (S1), closing the day at $24,284. The downside was mitigated by the Second Significant Support Level (S2) at $24,226.

Shanghai Hard Fork Hope Overpowers Fed Fear

There were no updates from engineers working on the Shapella testnet on Sunday. The lack of quiet on Sunday put ETH on the back foot as the anticipated Shanghai hard fork approached.


Yet, the upside was mitigated by market confidence. Updates from the Shanghai hard fork have been good despite delays to the Ethereum Merge. The recent SEC action against US staking services has put stakeholder opinions on the hard fork to the test.


Since the Kraken settlement with the SEC, ETH staking inflows have been inconsistent, generating doubt about whether the Shanghai hard fork would result in an ETH price breakout.


CryptoQuant reports that daily ETH staking inflows reached a low of 4,896 ETH on February 23 before increasing. The inflows peaked at 33,280 EHT on February 14 before declining. The amount of ETH staked as of February 19 was 16,800 ETH.



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