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On July 18, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto in Shanghai. Airlangga Hartarto was in China to attend the World Artificial Intelligence Conference. Wang Yi emphasized that under the strategic guidance of the two heads of state, the building of a China-Indonesia community with a shared future has made positive progress in recent years. As representatives of the Global South and emerging economies, China and Indonesia share similar development goals, extensive common interests, and obvious complementary advantages. Both sides should strengthen the alignment of their development strategies, move in the same direction, actively interact, eliminate interference, maintain focus, and continuously deepen mutually beneficial cooperation in various fields, setting an example of solidarity, mutual assistance, and self-reliance in the Global South. China appreciates the Coordinating Ministers reiteration of welcoming Chinese enterprises to invest and cooperate in Indonesia and hopes that Indonesia will provide a fair and just business environment for this. China-Indonesia cooperation is not directed against any third party and should not be interfered with by any third party. Both sides should take the lead in upholding the multilateral trading system, jointly oppose "decoupling and supply chain disruptions," and safeguard the security and stability of global supply chains. China is willing to work closely with Indonesia in international and regional affairs to promote the building of a China-Indonesia community with a shared future with regional and global influence, contributing to the common development of both countries and humanity.The Iranian Revolutionary Guard launched a devastating missile and drone strike on fighter bunkers and large aircraft parking aprons at a U.S. military base in Azraq, Jordan.Following important instructions from General Secretary Xi Jinping and requirements from Premier Li Qiang, Zhang Guoqing, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, on behalf of the CPC Central Committee and the State Council, led officials from relevant departments to Pengshui County, Chongqing, on the evening of the 17th to guide the search and rescue and emergency response work at the site of the landslide disaster. Zhang Guoqing emphasized the need for all-out scientific search and rescue efforts, strict prevention of secondary disasters, and meticulous resettlement and basic living security for the affected people.July 18th - According to reports from Kyodo News and other media outlets, Apple Inc. raised the prices of its iPhones in Japan on the 17th due to the depreciation of the yen and soaring semiconductor prices. The report indicates that, according to Apples official Japanese website, the official prices of multiple iPhone models have increased across the board. Among them, the higher-priced iPhone 17 Pro Max increased from 194,800 yen to 214,800 yen, an increase of 20,000 yen (approximately 834.6 yuan), or about 10.3%. Industry analysts believe that Apple may have adjusted the prices of its products due to exchange rate fluctuations.On July 18th, several foreign institutions expressed optimism about Chinas AI industry chain, noting that investing in it has become a global consensus. Data shows that China currently produces over 1.5 billion chips daily, and its large-scale models handle trillions of words daily, ranking first in the world. This year, the growth rate of Chinas core AI industry is expected to continue exceeding 30%. A recent industry research report from Goldman Sachs points out that the current total market capitalization of Chinas AI sector is approximately $4 trillion, indicating significant growth potential compared to its own industrial advantages. UBS, in its recent China equity strategy report, also noted that demand for AI technology components in China remains very strong, with orders already booked until the end of 2027.

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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