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On September 15th, the Dongguan Municipal Development and Reform Bureau and other departments jointly issued the "Several Measures to Support the High-Quality Development of the Low-Altitude Economy in Dongguan." The measures mention accelerating the expansion of low-altitude equipment manufacturing. They promote the implementation of complete aircraft R&D, manufacturing, and operation projects, and vigorously cultivate and introduce companies that develop low-altitude core components and key equipment. The city will focus on key areas such as fixed-wing aircraft, helicopters, new energy drones, flying cars, and eVTOL complete aircraft, as well as key equipment, core components, material development, energy and power systems, flight control systems, heavy-duty payloads, and drone countermeasures. Support will be provided for the development of R&D, manufacturing, and operation projects in the city. For complete aircraft projects and component projects with construction investments (excluding land prices) exceeding 100 million yuan and 50 million yuan, respectively, a one-time subsidy of 10% of the actual project investment will be provided, with a maximum cumulative subsidy of 10 million yuan per enterprise.On September 15th, the Dongguan Municipal Development and Reform Bureau and other departments jointly issued the "Several Measures to Support the High-Quality Development of the Low-Altitude Economy in Dongguan." The measures mention the creation of low-altitude demonstration transportation routes and support for the expansion of drone logistics applications. A one-time subsidy of 150,000 yuan, 300,000 yuan, and 500,000 yuan will be provided for each intra-city route, inter-city route, and Dongguan-Hong Kong cross-border route (with at least one starting or ending point in Dongguan, a distance of at least 10 kilometers, and at least 100 flights per year), respectively.On September 15th, the Dongguan Municipal Development and Reform Bureau and other departments jointly issued the "Several Measures to Support the High-Quality Development of the Low-Altitude Economy in Dongguan." The measures mention support for the construction of low-altitude takeoff and landing infrastructure. They support private investment in new general airports, providing subsidies of 10% of the actual construction investment after completion, with a maximum subsidy of 5 million yuan per project. They also accelerate the construction of supporting ground facilities for helicopters, eVTOLs, and unmanned aerial vehicles. Subsidies of 10% of the actual construction investment after completion will be provided for new or expanded low-altitude takeoff and landing infrastructure with private investment. For small takeoff and landing sites and intelligent takeoff and landing kiosks, subsidies will be provided up to 100,000 yuan per project, with an annual maximum of 3 million yuan per enterprise. For medium- and large-scale takeoff and landing sites, eVTOL landing sites, helicopter landing platforms, and test sites (which must have been in operation for at least one year), subsidies will be provided up to 2 million yuan per project, with an annual maximum of 5 million yuan per enterprise.Hesai (HSAI.O) U.S. stock price rose more than 6% in the night trading. The company signed a lidar order worth more than US$40 million with a Robotaxi company.September 15th news: On September 15th, Counterpoint released data showing that in Q2 2025, global smartphone shipments increased by 3% year-on-year, achieving the second consecutive quarter of growth. The growth momentum mainly comes from the strong demand for high-end models in markets such as North America, Japan and Europe, while emerging markets have gained strong growth momentum in entry-level and low-priced 5G models. Samsung ranks first in the world with a market share of 20%, a year-on-year increase of 7%. Its growth is mainly driven by the renewal of the mid-range Galaxy A series, strong performance in key markets, and the continued popularity of foldable screen devices and AI functions. Apple ranked second with a market share of 17%, a year-on-year increase of 11%. Its growth was due to strong demand for iPhone 16, early purchases in anticipation of tariffs in the North American market, and solid performance in India and Japan. Xiaomi maintained its third place with a market share of 14%, with overall growth stable.

Indian Exchange Volumes Benefiting from Bitcoin Price Drop

Cory Russell

May 12, 2022 10:09

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Bitcoin's anticipated fall from grace in recent days was a phenomenon that surprised investors and dealers. However, this was a happy moment for Indian crypto exchange operators, as trading volumes increased dramatically once BTC's price retested the lower $29,000 zone.

Indian Stock Exchange Volumes Increase

Following a dry period, trade volumes on Indian crypto platforms increased. For the most of this year, Bitcoin and other altcoins experienced a range bound price movement, and Indian crypto exchange volumes were similarly modest.


As bitcoin's price fell by more than 56% from its all-time high of $69,000 in November 2021, transaction volumes increased throughout marketplaces as a result of the selling pressure.


According to accounts from local news organizations, the increase in volumes in India was enormous and lasted almost two days. Trade volumes on crypto trading platforms including WazirX, CoinDCX, and Unocoin increased by 20 to 75 percent.


"Overall volumes increased by 70% between May 8 and 9," stated Nischal Shetty, Co-founder and CEO of WazirX, in an interview. In terms of trading, there is a mood of 'buying the drop,' as buyers have been somewhat controlling the market."


He went on to say that such purchasing activity shows that investor confidence in the market is still high, even at current levels.

India's Web3 Developments Increasing My Pace

According to a recent research, the number of Web3 developers reporting their locations climbed the highest in India and Russia, respectively, increasing to 5.3 percent and 4.3 percent of the market share. The United States, on the other hand, has lost over 20% of its market share since 2015.


With the emergence of Web3 and blockchain development in the Indian subcontinent, an increase in trading volumes amid a wider market fall indicates market players' trust. This meant that Indians succumbed to the "buy the dip" mentality.


"Volatility usually leads to a rise in volume on platforms like ours," said Minal Thukral, Executive Vice President, Growth and Strategy at CoinDCX. We're witnessing an increase in the number of people purchasing the dip and a decrease in the number of users selling it."


However, since the new tax policy took effect on April 1, trade volumes on Indian crypto exchanges have decreased. However, it seems that Indians are increasingly taking greater risks, indicating a growing interest in hazardous asset investments in the country.

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