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On May 17th, according to the Financial Times, two Federal Reserve officials nominated by US President Trump opposed allowing Jerome Powell to serve as interim chairman of the Fed "without time limit." This highlights the escalating political divisions within the central bank amid continued attacks from the White House. Powells second term as Fed chairman ended on Friday. He was appointed interim chairman to assume the duties until his official successor, Warsh, takes office. Milan and Bowman, nominated by Trump to the Feds board of governors, stated in a joint statement that they supported Powells temporary appointment as interim chairman, but "could not support this action" because the arrangement was "without time limit." Milan voted against it, while Bowman abstained. Milan and Bowman stated that Powells interim chairmanship "should be limited to a clearly defined and finite timeframe, at least one week," but they "can support a maximum period of one month."On May 17, the Africa Centres for Disease Control and Prevention (Africa CDC) convened an emergency regional coordination meeting on May 16, local time, to discuss and deploy a new round of Ebola prevention and control efforts with relevant personnel from the Democratic Republic of Congo, Uganda, South Sudan, the World Health Organization, and the African Medical Association. The meeting focused on current priorities, including cross-border surveillance and early warning management, infection prevention and control, case management, close contact management, logistical support, and resource mobilization.On May 17, US President Trump warned Iran that it would face a "very bad situation" if a peace agreement was not reached soon. In a telephone interview with French broadcaster BFMTV, Trump said, "They are interested in reaching an agreement." Iranian Foreign Minister Araqchi said on Friday that the Iranian government had received a message from the Trump administration indicating its willingness to engage in new negotiations, but he also warned that "distrust" of Washingtons true intentions remained.The Israeli military says it attacked 100 targets in southern Lebanon in two days.Pemex, Mexicos state-owned oil company, stated that the incident posed no risk to people, facilities, or communities.

ADA Price Prediction: Bulls Target Shifts to $0.400 on Network Sentiment

Cory Russell

Jan 16, 2023 15:39

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On Saturday, ADA extended its winning run to seven sessions. The bulls are targeting a recovery to $0.400 on improved network mood and less danger of FTX contagion.


ADA increased on Saturday by 2.02%. On Friday, ADA gained 4.85% and closed the day at $0.353. Notably, ADA extended its winning run to seven sessions and returned to $0.370 for the first time since November 11.


ADA climbed to a mid-morning high of $0.370 after a bullish start to the day before going into reverse. Both the First Major Resistance Level (R1) and the Second Major Resistance Level (R2) were broken by ADA at $0.357 and $0.367, respectively.


After the turnaround, ADA dropped to a low of $0.333 in the late morning. However, ADA retested R1 ($0.357) before easing back, avoiding the First Major Support Level (S1) at $0.330.


Network upgrades, the 2023 timeline, and the IOHK Updates and Easing FTX Contagion provided support for an ADA step toward $0.400. The weekly development report from Input Output HK (IOHK) was provided on Friday, and it revealed a noticeable rise in Plutus scripts and a spike in transactions.

With more wallets holding more than a million ADA this year, the update confirmed the rise in whale behavior.


The upcoming debuts of two algorithmic stablecoins and the expected inflow of new projects into the Cardano network are further positive factors. Numbers for Total Value Locked have also been favorable.


The Cardano Total Value Locked (TVL), according to DeFi Llama, was $71.74 million this morning, up 41.3% year-to-date but down 1.75% over the previous 24 hours. The price of TVL would increase further and support a recovery to $0.400 if the upward trend persisted.

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