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On September 20, Rezaei, Secretary of Irans Supreme National Security Council, stated that Iran is continuing mediation efforts through Qatar and Pakistan and has informed the relevant intermediaries of its negotiating conditions. Rezaei said that Qatar has conveyed Irans ceasefire conditions to Washington, and Iran is currently awaiting a response from US President Trump. Rezaei stated that Irans conditions for ending the war include ending the conflict on all fronts, releasing frozen assets, and lifting the naval blockade. He stated that it is in Washingtons interest for the US to accept Irans conditions, and that Trumps threats will not yield results. On the nuclear issue, Rezaei stated that the actions of the US and Israel provide Iran with grounds to withdraw from the Treaty on the Non-Proliferation of Nuclear Weapons, but Iran has not yet made a decision to withdraw, and the future will depend on Washingtons actions. He also emphasized that Iran remains committed to the nuclear ban established by the late Supreme Leader, and its nuclear policy remains unchanged. Furthermore, Rezaei stated that Iran hopes to end the war between Saudi Arabia and the Houthi rebels in Yemen and believes that Yemen also desires an agreement with Saudi Arabia. Rezaei stated that Iran is prepared for an escalation of the conflict and warned that if attacked, Iran will strike US bases and interests in the Middle East.Domestic News: 1. The Ministry of Commerce responds to the US imposing tariffs on imports of Russian oil and gas from third countries. 2. The Ministry of Commerce: Vice Premier He Lifeng will lead a delegation to the US from September 19th to 23rd to hold trade consultations with the US side. 3. Beijing Municipal Administration for Market Regulation: Investigates four online hotel and travel booking platforms in accordance with the law. 4. The Chinese Embassy in Saudi Arabia reminds Chinese-funded institutions and Chinese citizens in Saudi Arabia to further strengthen security precautions. 5. my country successfully launched the Zhuzhou Space PIESAT-2 13-16 satellites. International News: 1. Bolivia cancels diesel subsidies to cope with fuel shortages. 2. SpaceXs weighting in the Nasdaq 100 index will increase to 2.82%. 3. Trump bans five media outlets from entering the White House; CNN, MS NOW, and Politico confirmed they were denied entry. 4. British media: OpenAI expects to burn through nearly $280 billion in cash over the next five years, with revenue expected to increase tenfold. 5. US Media: AI giants like Anthropic and OpenAI face conspiracy charges for calling for a coordinated slowdown in AI development. 6. Middle East Situation—① Riyadh, the Saudi capital, was attacked by airstrikes; a Saudi Aramco fuel storage tank near Riyadh airport caught fire. ② Foreign Media: Saudi Arabia made a rare request for assistance to Israel. ③ Iranian Sources: The US says it is ready to negotiate with Iran. ④ Iranian and Pakistani Foreign Ministers spoke by phone to discuss regional developments. ⑤ US Central Command Commander: The US has assisted in the passage of over 1 billion barrels of oil through the Strait of Hormuz in the past two months. Mines in the main navigation channels of the Strait of Hormuz have been cleared.U.S. Defense Secretary Hergsays: If you challenge the U.S. armed forces, defeat will be your fate. Under Trumps leadership, the world has learned that we fight only to win.The 29th Beijing-Taiwan Science and Technology Forum, themed "Technology Leading Industrial Integration and Digital Empowerment for a Healthy Future," opened in Beijing on September 19th. Guests from both sides of the Taiwan Strait discussed technological innovation and industrial cooperation. The forum also included a signing ceremony for cross-strait economic and technological cooperation projects and a signing ceremony for partners in the cross-strait smart healthcare industry cooperation alliance. The 29th Beijing-Taiwan Science and Technology Forum is hosted by the Taiwan Affairs Office of the State Council and the Beijing Municipal Government, and organized by the Beijing Municipal Taiwan Affairs Office and the Beijing Economic-Technological Development Area Management Committee. Other forum activities include the Beijing-Taiwan AI+Green Development Forum, the Cross-Strait Smart Healthcare Industry Cooperation Forum, and the Cross-Strait Dialogue on AI Technology in Traditional Chinese Medicine.According to CNN: A CNN reporter was denied entry to the White House this morning local time, and his press pass was confiscated. This comes a day after Trump announced a "ban" on CNN, MS NOW, and Politico media outlets.

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.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

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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