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Apple (AAPL.O) CEO Tim Cook: I have spoken with Trump about the Minnesota incident.On January 28, Belarusian President Alexander Lukashenko stated on the 27th that Belarus will deepen its high-level strategic relationship with China. According to a statement released on the Belarusian presidential website on the 27th, Lukashenko, while chairing a meeting on Belarus-China cooperation, said that against the backdrop of significant changes in the geopolitical landscape, China is a crucial supporting force for Belarus. He said, "China is not only our most important partner, but also a major partner for all countries committed to development." Lukashenko noted that China is Belaruss second-largest trading partner, and Belarusian exports to China have already exceeded exports to the European Union. He expressed his hope that relevant Belarusian departments will more actively explore the Chinese market and attract more investors from China.January 28th – The State Council Information Office held a press conference this morning to introduce the high-quality development of state-owned enterprises (SOEs) and answer questions from reporters. A relevant official from the State-owned Assets Supervision and Administration Commission (SASAC) stated that over 70% of the revenue of central SOEs comes from sectors related to national security, the lifeline of the national economy, and peoples livelihoods. Strategic and professional restructuring and integration have been carried out in an orderly manner, with four new central SOEs established since 2023, resulting in continuous optimization of resource allocation.January 28th - The likelihood of a February rate hike by the Reserve Bank of Australia (RBA) is significantly increasing, with three of the countrys four major commercial banks now predicting a 25 basis point increase at the RBAs meeting on February 3rd. National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA) have been consistently calling for a rate hike since December, while ANZ Bank shifted its forecast to tightening after todays inflation data release. Following stronger-than-expected increases in both headline and cut-off mean inflation, ANZ now expects the RBA to raise rates by 25 basis points next week. However, the bank views this as a one-off "insurance" rate hike rather than the start of a sustained tightening cycle, reflecting uncertainty about the pace of inflationary pressure easing in the second half of 2026. After the inflation data release, the expected probability of a 25 basis point rate hike rose from approximately 62% to approximately 73%, highlighting the markets growing confidence that the RBA can no longer remain inactive in the face of persistently above-target inflation and a still-tight labor market. With the three major banks reaching an agreement on raising interest rates in February, market focus is shifting from "whether they will act" to "how they will interpret the action"—whether it is a risk management measure to deal with persistent inflation or the first step in a new round of tightening.On January 28, the Supreme Peoples Court held a press conference to introduce the handling of intellectual property cases since the establishment of the Intellectual Property Court on January 1, 2019. According to the report, in the seven years since its establishment, the Intellectual Property Court has actively practiced the concept that "protecting intellectual property is protecting innovation," achieving significant results in incentivizing and safeguarding technological innovation, maintaining fair market competition, serving high-level opening-up, and deepening judicial reform. It accepted 24,602 cases and concluded 23,069. It has effectively strengthened protection, applying punitive damages in 58 cases, totaling 2.05 billion yuan in compensation, with an average of over 35 million yuan per case; and awarding high-value damages exceeding 10 million yuan in 73 cases, totaling 5.24 billion yuan in compensation, with an average of nearly 72 million yuan per case.

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.