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On July 12th, Meta announced that earlier this week, users could generate images in Meta AI by mentioning public Instagram accounts they wanted to reference. This feature, which allowed referencing public content by default, drew criticism from organizations such as the Screen Actors Guild, who argued it could infringe on portrait rights and pose criminal risks. Meta stated that its initial intention was to provide a practical creative tool and allow users to control whether their public content was allowed to be referenced in this way, but after receiving user feedback that the feature failed to achieve its intended effect, it has been removed.July 12 - Jorge Rodríguez, president of the Venezuelan National Assembly, said at a press conference in Caracas, the Venezuelan capital, on July 11 that the two strong earthquakes that struck the country on June 24 have killed 4,333 people and injured 16,740. The latest official statistics from Venezuela show that 1,202 aftershocks have been recorded since the initial earthquakes.Ukrainian President Zelensky called on Ukraines diplomatic efforts to focus on urging allies to implement arms supply agreements more quickly.July 12th - According to the Ministry of Education, this year marks the 20th anniversary of the student loan program based on the students place of origin. Over the past two decades, my countrys student loan program has cumulatively issued 620.7 billion yuan in loans, benefiting 68.21 million students.July 12th - According to Middle East Eye, the United States is collaborating with Iraq and Syria on a plan to upgrade an aging oil pipeline connecting the northern Iraqi city of Kirkuk to Baniyas on Syrias Mediterranean coast, enabling Iraq to bypass the Strait of Hormuz when exporting crude oil. The report, citing Iraqi and other regional officials, stated that an agreement to restore the approximately 800-kilometer-long pipeline is expected to be announced next week during Iraqi Prime Minister Ali Zaidis meeting with Trump at the White House. The pipeline, which has been out of service for decades, is currently severely damaged. The report quoted a senior official as saying that the pipeline will likely require complete reconstruction, a project expected to take two to three years. Several American companies have already been recruited to participate in the project.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

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On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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