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Hong Kong-listed AI stocks fluctuated higher, with Zhipu (02513.HK) rising over 12%, Bilibili (09626.HK), GDS Holdings (09698.HK), and Alibaba (09988.HK) rising over 4%, and JD.com (09618.HK) and Kuaishou (01024.HK) rising over 3%.On January 9th, the highest 7-day annualized yield for Tencent Wealth Managements "Current Account +" was 1.2750%, and the lowest was 0.8900%. The highest 7-day annualized yield for WeChat Pays "Lingqiantong" was 1.2320%, and the lowest was 1.0490%. The highest 7-day annualized yield for Alipays "Yuebao" was 1.1760%, and the lowest was 1.0090%.Hong Kong-listed oil stocks surged across the board, with Shanghai Petrochemical (00338.HK) rising over 3%, PetroChina (00857.HK) rising over 2%, and CNOOC (00883.HK) and Sinopec (00386.HK) rising over 1%.On January 9th, the Ministry of Industry and Information Technology and four other departments issued a notice on the "Guidelines for the Construction and Application of Industrial Green Microgrids (2026-2030)". Industrial green microgrids mainly include facilities or systems such as renewable energy power generation, industrial waste energy utilization, clean and low-carbon hydrogen production and utilization, new energy storage applications, power conversion and flexible interconnection, and digital energy and carbon management. The proportion of newly built solar, wind, and other renewable energy power generation by industrial enterprises and industrial parks that is consumed locally each year should generally not be less than 60%. In areas where the electricity spot market is continuously operating, distributed photovoltaic power can be connected to the user-side grid through aggregation or through dedicated power lines with users, participating in the spot market using a self-consumption and surplus power grid connection model, with the grid-connected electricity accounting for no more than 20% of the total available power generation. The grid connection capacity and regulation capabilities of renewable energy power generation facilities will be continuously improved to achieve "observable, measurable, adjustable, and controllable" grid connection.The Peoples Bank of China (PBOC) announced today that it conducted 34 billion yuan of 7-day reverse repurchase operations, with a bid volume of 34 billion yuan and a winning bid volume of 34 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.

Crypto Cloud Storage STORJ Leads Rally by 55% As ETH, BTC Consolidate

Jimmy Khan

Jun 24, 2022 14:48

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The top cryptocurrencies were anticipated to be driving the rise when the cryptocurrency market passed the $900 billion threshold today.


Storj managed to seize dominance, overtaking every other significant cryptocurrency with its ascent despite the fact that it turned out to be a relatively unknown coin.

Storj?

Indeed, Storj. The asset is, as it sounds, the native token of a cloud storage platform supported by cryptocurrencies, which until today was merely another coin.


However, the altcoin's one-day increase of 55.08 percent succeeded to place it on the map both literally and figuratively, as it joined the top 100 cryptocurrencies list.


Due to the price increase, the asset's market value increased by approximately $100 million during the course of the previous day. This increased the asset's overall growth over the preceding nine days to a total of 156.7 percent.


More than half of the losses that the cryptocurrency sustained during the May 65 percent fall were also nullified by this rebound in addition to the losses registered by the altcoin this month during the June 9 crash.


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The green candle, which closed above both the 100-day SMA and the 50-day Simple Moving Average (red line), insured that the gain was sustained (blue line). The 200-day SMA (purple line), which would effectively transform this into a bullish run, is also getting closer.


Additionally, after more than two months, the Awesome Oscillator switched the active trend's direction from bearish to bullish, with the green bars climbing above the neutral.


Now, it has to be seen if the asset will be able to sustain this growth moving forward or if it will just be another one-day wonder.

Ethereum and Bitcoin Take a Break

The king currencies have been moving slowly, essentially not at all, as the altcoins have taken the lead.

BTC has made little progress at all during the past week, hovering around the $20k to $21k level, whereas ETH recently broke the $1.1k threshold.


However, Bitcoin's recovery has been so sluggish that the king currency has not yet reached the upswing stage that every other altcoin is presently in.


Additionally, the Relative Strength Index (RSI), which has been signaling a trend reversal for more than two months, shows that BTC is still trapped in the negative zone.


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