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According to Iranian reports, the Iraqi Prime Minister met with Iranian Parliament Speaker Qalibaf and praised Iran for its support during the war.On August 19th, Hamilton, Head of Client Solutions for Asia Pacific at Invesco, stated that many Chinese technology companies are showing positive profit trends, while their valuations remain significantly lower than most global technology peers. This creates an attractive risk-reward ratio for global investors. Investors are increasingly recognizing that China is not only a user of AI technology but also a significant innovator in areas such as AI big data models, cloud infrastructure, semiconductors, and intelligent manufacturing. We are seeing funds selectively investing in Chinas AI, semiconductor, robotics, and advanced manufacturing-related industrial ecosystems. ETFs have become one of the main tools for implementing this investment strategy. Data shows that from July to mid-August, 217 foreign institutions conducted a total of 547 research visits to 163 A-share companies. The electronics, machinery and equipment, and power equipment industries accounted for nearly half of these visits, with integrated circuits, computing hardware, and optical modules being key areas of focus for institutional research.Moderna (MRNA.O) continued to rise, with intraday gains exceeding 150%.On August 19, local time, Israel Defense Forces Chief of Staff Zamir inspected the Israeli-controlled buffer zone in southern Syria. Reportedly, Zamir, accompanied by several senior military officers, received a briefing on the local security situation and met with reservists operating in the area.On August 19th, according to the State Administration for Market Regulation, my countrys proposal to the International Electrotechnical Commission (IEC) for the "Technical Specification for Monitoring and Energy Management Systems of Data Center Microgrids" was recently approved. This standard is the worlds first IEC international standard focusing on the field of computing and power integration in data centers. It was developed by Chinese experts in collaboration with experts from France, Germany, Spain, and other countries. The development of this standard will systematically address the industry challenge of lacking a legal basis for joint monitoring and energy management of computing power and electricity in emerging computing and power integration scenarios. It is of great significance for promoting the green and low-carbon transformation of the global computing power industry and improving the level of energy digital integration development.

The Crypto Market Tries to Buck Negative Pressure

Skylar Shaw

Mar 03, 2023 14:19

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Overnight, the market capitalization of cryptocurrencies decreased 1.2% to $1.07 trillion. Since Sunday, this stage has been the center of attention, highlighting the development of the participant's abilities. The dread and avarice measure for cryptocurrencies is once again in the 50s. Since January, indifferent feelings, not dread, are mixing with times of avarice.


Even as it declines to 23k, Bitcoin still finds support, which is a remarkable outcome given the weaker dollar and the deteriorating stock market. The first cryptocurrency is still going strong and successfully battling the powerful forces that caused the Nasdaq100 to regress five weeks ago.


The 50-day moving average and the regional lows from late last week are centered around $22.7K, which appears to be a key warning mark on the road down for Bitcoin. If this support does not hold, February's positive progress will be reversed, and the next significant halt is not anticipated until $21.5K.


Between opposition in the 50-week average (near $1690) and the 50-day average (near $1600), Ethereum is trapped. A swift decline to $1400 could occur if the bears prevail in this small-scale conflict.

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France is about to make it harder for bitcoin businesses to obtain licenses. A new set of rules for the licensure and registering of bitcoin businesses have been passed by the nation's lower chamber of government. If the measure is approved, the modifications would start to apply in July 2023.


A uniform set of standards will be developed to boost customer trust in digital assets, according to the Stablecoin Standard group, which consists of the largest stablecoin producers.


Following the announcement of a collaboration with Meta and Telefónica as part of the Metaverse Activation Plan effort, the GMM cryptocurrency of the Gamium blockchain project increased by 650%. The two titans' collaborative initiative seeks to support and grow businesses in the Metaverse and Web3 area.


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