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On January 16th, several smartphone manufacturers reportedly lowered their annual order quantities due to rising storage prices in the upstream supply chain. Xiaomi and OPPO reduced their orders by over 20%, vivo by nearly 15%, and Transsion lowered its orders to below 70 million units. The price reductions primarily affect mid-to-low-end models and overseas products. Xiaomi, OPPO, vivo, and Transsion have not yet responded to this news. Huawei, leveraging its cost advantage from a domestically produced supply chain, still maintains a certain profit margin. Huawei is internally discussing price reductions for its Pura, nova, and Enjoy series to further capture market share. While Honor also faces pressure from rising storage prices, its target of a 15% market share in China remains unchanged.In pre-market trading on the US stock market, leading tech stocks rallied, with Micron Technology (MU.O) up over 3%, AMD (AMD.O) up over 2%, and TSMC (TSM.N) up over 1%.Daimler Trucks: Sales of battery electric vehicles increased by 52% year-on-year in the fourth quarter, reaching 2,902 units.The US Q4 earnings season is heating up, with star stocks like Netflix (NFLX.O), Intel (INTC.O), and Johnson & Johnson (JNJ.N) releasing their results next week. On the economic data front, attention will be focused on Chinas 2025 full-year GDP growth rate, Decembers year-on-year growth in industrial output, and Chinas one-year loan prime rate as of January 20th; the preliminary annualized quarterly rate of US Q3 real GDP growth, and the US November core PCE price index (month-on-month and year-on-year). Additionally, US stock markets will be closed next Monday for Martin Luther King Jr. Memorial Day. For the complete individual stock earnings calendar, please check the calendar section of the US-Hong Kong Telecom APP. Click to view...On January 16th, according to Tianyancha Intellectual Property Information, Tesla Inc. recently applied to register two "Tesla Smart" trademarks, classified in the international categories of scientific instruments and website services. Both trademarks are currently awaiting substantive examination.

The U.S. SEC denies Grayscale's request for a spot bitcoin ETF

Haiden Holmes

Jun 30, 2022 11:11


The U.S. Securities and Platform Commission said in a filing on Wednesday that it denied Grayscale's request to launch a spot bitcoin market-traded fund on Intercontinental Exchange Inc NYSE Arca exchange. Grayscale is one of the biggest digital asset managers in the world.


Grayscale did not immediately respond to a request for comment.


Over the last year, the SEC has rejected over a dozen applications for spot bitcoin ETFs, focused particularly on the lack of surveillance-sharing agreements with a large, regulated market for the underlying assets.


The price of bitcoin, the most popular digital currency, has plummeted by around 70 percent from its November high of over $69,000.