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Industry

Mercedes-AMG unveils first in-house developed electric SUV with 1,153 hp and 12-minute charging

Mercedes-AMG has unveiled a new GT SUV, its first large SUV developed in-house from the outset as a pure electric vehicle. The lineup includes GT 53, GT 55 and GT 63 variants, with the top model producing 1,153 horsepower. It supports charging power of up to 710 kW, with 10 percent to 80 percent in 12 minutes. The vehicle also features battery thermal management, AI-based track performance functions and an MB.OS-based cockpit.

Crypto

Cardano rebound hinges on $0.278 recovery, technical analysis shows 73.5 percent surge scenario

A technical analysis said Cardano (ADA) could rise as much as 73.5 percent more if it regains $0.278 on the weekly chart. Crypto analyst Giannis Andreou cited a developing cup-and-handle pattern and said a bullish signal requires a weekly close above $0.278 and a successful retest. He listed targets including $0.3633, $0.3995 and about $0.416, with higher levels possible. Others also pointed to a near-term rebound, while warning of downside risks.

Crypto

Ethereum ETFs see $320 million outflows, outpacing bitcoin ETFs

Ethereum spot exchange-traded funds recorded $320 million of net outflows last week, surpassing the amount withdrawn from bitcoin spot ETFs. The Defiant reported that net outflows across five groups of crypto ETFs tracked by Farside totalled $610.7 million from Oct. 12 to Oct. 16. Although weekly outflows declined for both assets, bitcoin’s drop was larger, pushing Ethereum’s weekly net outflows above bitcoin’s. Neither asset returned to weekly net inflows.