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① Iran 1. Iranian Foreign Minister Araqchi confirmed that talks have been held with Russia regarding a proposal to store enriched uranium. 2. Advisor to Irans Supreme Leader: The new order is rapidly adjusting its rules, and these rules are no longer centered on the United States. 3. Iranian Foreign Minister Araqchi: There is a lack of trust in the United States, but there is still a desire to maintain the ceasefire to leave room for diplomacy; an agreement has been reached with the United States to postpone negotiations on enriched uranium materials. ② United States 1. Trump: Irans 20-year commitment to suspend (uranium enrichment) is not enough; (regarding Iranian enriched uranium materials) it may be obtained at the right time. If we do not get Iranian nuclear dust, we will take action. ③ Israel 1. Israeli officials: Israel is preparing to resume military action against Iran. 2. Israeli Ambassador to the United States: The chances of success in negotiations with Lebanon are high. 3. On Palestines "Nakba" (Day of Cataclysm), Israel launched an airstrike in Gaza, claiming to have killed Hamas military leaders. 4. Israeli warplanes bombed a residential building and a car in Gaza City, northern Gaza Strip, killing four people and injuring dozens more. ④ Strait of Hormuz 1. US military: 75 ships have been diverted in the Strait of Hormuz. 2. German Chancellor Merz: Iran must open the Strait of Hormuz and must not possess nuclear weapons. 3. BRICS Chairpersons Statement: BRICS countries emphasize the rights and freedoms of navigation in the Red Sea and the Pabu Al Mandaab Strait. 4. Iranian Foreign Minister Araqchi: The Strait of Hormuz remains open to commercial vessels of friendly nations. Iran does not seek to develop nuclear weapons. 5. The French aircraft carrier Charles de Gaulle has arrived and deployed in the Arabian Sea in preparation for multinational escort operations in the Strait of Hormuz. ⑤ Ceasefire Negotiations 1. The US has rejected Irans written proposal to end the war. 2. US State Department: The ceasefire agreement between Israel and Lebanon will be extended for 45 days. 3. German Chancellor Merz: A consensus has been reached with US President Trump that Iran must return to the negotiating table. 4. Iranian Foreign Minister Araqchi: Messages have been received from the US indicating their desire to continue negotiations; negotiations will only resume if the US is serious. ⑥ Other Circumstances: 1. Iranian President Peshizian called for strategic cooperation with Iraq. 2. Pakistani Foreign Minister: The 11 Pakistani citizens and 20 Iranian citizens from the ship seized by the United States have been repatriated. 3. The UAE is building a new oil pipeline bypassing the Strait of Hormuz and plans to put it into operation in 2027. 4. Iranian Revolutionary Guard: A Mossad-affiliated spy network was dismantled in Ardabil province in the northwest, and a key member was arrested. 5. The UAE issued a statement reserving all rights to respond to any Iranian threats or hostile acts through all sovereign, legal, diplomatic, and military means.Fitch: The impact of new energy sources has disrupted Germanys fragile recovery.Fitch: Germany’s general government debt is expected to continue to rise and exceed 70% of GDP by 2029.Fitch affirmed Germanys rating at AAA with a stable outlook. Fitch stated that German public finances will weaken significantly as defense and infrastructure spending growth outpaces still robust revenue growth.Goldman Sachs remains bullish on gold and reiterated its target of $5,400 per ounce by the end of 2026. Goldman Sachs expects central bank gold purchases to increase, reaching an average of 60 tons per month by 2026. Goldman Sachs also stated that its updated 12-month moving average forecast shows central bank gold purchases at 50 tons per month in March, compared to its previous forecast of 29 tons per month.

ADA Price Prediction: Bulls Eye $0.410 on Network Upgrade Plans

Cory Russell

Feb 06, 2023 15:40

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Saturday saw a 1.24% decline in ADA. ADA finished the day at $0.399, somewhat erasing a 1.51% gain from the previous day. The handle of $0.400 was visited by ADA for the sixth session running.


ADA dropped to a morning low of $0.398 due to a negative start to the day. Ahead of the First Major Support Level (S1) at $0.397, ADA increased to a high of $0.406 in the early afternoon. The First Major Resistance Level (R1), which is at $0.409, was not reached, hence ADA returned to the session low of $0.398 before closing the day at $0.399.

Silence from IOHK and EMURGO Puts ADA in the Red

There were no network updates to provide context on this quiet Saturday session. Investors are waiting for developments on the scheduled launch of EMURGO's USDA algorithmic stablecoin after last week's COTI launch of DJED.


Investors were left to lock in gains as Input Output HK (IOHK) also went quiet at the beginning of the weekend due to radio silence. The perception of the Cardano network and the predicted rise in ADA use, however, continue to be negative factors.


There will be another Cardano hard fork this month. The implementation of CIP-0049 will make it easier to use other blockchains. The enhanced interoperability will provide programmers a safe environment in which to create cross-chain DApps. A more optimistic pricing prognosis should be supported by the upgrade, which is another improvement.


Investors will be watching for the debut of the USDA stablecoin today, and network updates will give guidance. However, in the absence of network updates, the larger crypto market would be left to determine price direction.


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