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Conflict Updates: 1. According to RIA Novosti: The Russian Ministry of Defense stated that Russian troops have taken control of two new settlements in Ukraine. 2. It was reported that Russian troops destroyed five Ukrainian naval unmanned vessels in the northeastern Black Sea. 3. According to Interfax: A fire at an oil refinery in Sloviansk-Nakubani, Russia, has been extinguished. 4. Zelensky: Ukrainian troops launched a second attack on an oil refinery in Ufa, Russia, and a missile component factory in the Penza region. 5. Market News: Ukrainian officials stated that air defense systems are intercepting Russian drone attacks on Kyiv, and drone debris has been found in at least two areas. 6. Market News: A fire broke out at the Primir Palace Hotel in Kyiv following the Russian drone attacks. Other Updates: 1. Zelensky: Ukraine has agreed to a drone deal with Ireland. 2. Ukrainian Prime Minister: Ukraine is launching a new arms export mechanism. 3. Russia has imported gasoline from India to address a shortage, with at least 60,000 tons already shipped. 4. Zelensky: Ukraine has not yet obtained all the details of the Nord Stream 2 bombing investigation. 5. Zelensky: Hopes to open up all areas of the negotiations for Ukraines EU accession during Irelands EU presidency. 6. According to German media reports, German federal prosecutors have filed charges against a Ukrainian national, accusing him of involvement in the Nord Stream pipeline explosion. 7. NATO Secretary General Rutte: NATO allies will pledge sustainable long-term security assistance to Ukraine at the summit. The United States remains indispensable in Ukraines defense. 8. Market news: A letter indicates that the Ukrainian Defense Minister has requested EU allies to allocate €6.6 billion to the EU-backed military aid fund, stating that Ukraine has a six- to nine-month window of opportunity on the battlefield to expand its advantage over Russia.On July 2nd, Valar Atomics, a California-based nuclear energy startup, used an advanced reactor to generate electricity to power Nvidias AI chips. While the generated power was very small, this marks the first time a next-generation reactor in the United States has achieved this. During a demonstration at the companys Utah base on Wednesday, Valars Ward 250 reactor was connected to an Nvidia Blackwell chip and used to temporarily host a website. The two companies also announced an agreement to jointly explore methods for developing nuclear-powered AI systems. This latest development comes after the reactor reached "criticality" last month, marking the beginning of a self-sustaining fission reaction. Valar belongs to a group of companies developing next-generation nuclear technologies that use new materials and designs aimed at improving safety and performance. However, the industry is still in its early stages, and no advanced reactors have yet been commercialized in the United States.On July 2nd, local time, Iran released a video of a speech by Iranian Parliament Speaker Mohammad Qassem Ghalibaf on the evening of July 1st. Ghalibaf stated that claims about "allowing IAEA inspectors to enter destroyed nuclear facilities" are false. He stated that the Iranian Islamic Parliament passed a law, approved by the Supreme National Security Council, stipulating that access to destroyed or damaged nuclear facilities cannot be permitted in any way. Ghalibaf emphasized that the IAEA is only allowed access to two locations: the Bushehr nuclear power plant and the Tehran nuclear research reactor. Iran does not grant any privileges beyond those granted by the Supreme National Security Council.Market news: A fire broke out at the Primir Palace Hotel in Kyiv following a Russian drone attack.US-Iran Negotiations: 1. According to Saudi Arabias Al Arabiya TV: A senior government official stated that US negotiators Kushner and Witkov held positive discussions with Qatari regional leaders, and technical negotiations with Iran are also progressing. 2. According to foreign media reports on July 1, citing sources, US and Iranian officials will hold indirect talks that day in Doha, the capital of Qatar. 3. According to Israels Channel 12, citing Saudi media reports: The Doha negotiators have reached a preliminary agreement to release $3 billion to Iran. 4. US President Trump: Iran negotiations are progressing well. Irans denuclearization is progressing well. 5. Iran says it will launch negotiations on a final agreement with the US at an appropriate time. 6. 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Qatar: All parties agreed to advance discussions, and the next meeting will be held after the funeral of the former Iranian Supreme Leader. Other developments: 1. Israeli media, citing senior security officials, stated that the Gaza Strip is nearing a boiling point, and returning to conflict is no longer a question of "if," but "when." 2. US officials: US troops will be stationed in Lebanon to monitor the ceasefire. 3. According to Saudi Arabias Al Arabiya TV: Israel launched airstrikes over Nabutia in southern Lebanon. 4. Iran Air resumes its Tehran-Mumbai route. 5. Thailand confirms that most of its ships have safely left the Strait of Hormuz. 6. British media: Gulf states reportedly seek to reach a regional security agreement with Iran unilaterally. 7. A ship ran aground in the Strait of Hormuz; the extent of the damage is unclear. 8. According to Iranian state media: A foreign container ship ran aground in the Strait of Hormuz because it did not follow the route designated by Iran.

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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