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On August 27th, according to the Wall Street Journal, Barret Zoph, co-founder of Thinking Machines Lab, has changed employers again after his abrupt departure earlier this year due to disagreements with CEO Mira Murati to join OpenAI. Google stated that Zoph will join Google as Vice President of Research. Zoph previously served as Chief Technology Officer of Thinking Machines before returning to OpenAI to drive the sale of AI products to enterprises. A Google spokesperson said, "We look forward to Barrets return to Google and bringing his expertise in reinforcement learning and post-training to Gemini." Zoph left Thinking Machines in January of this year, along with co-founder Luke Metz and another employee, Sam Schoenholz.On August 27, the Hengzhou Meteorological Observatory in Guangxi continued to issue a red rainstorm warning signal at 8:10 a.m.: Since 3:00 a.m. on the 27th, Pingma, Luancheng, Liujing and other towns in Hengzhou City have experienced heavy rainfall of 50-90 mm, with some areas reaching 130 mm. It is expected that in the next 3 hours, Shitang, Taowei, Liujing, Xiaoyi, Zhenlong, Maling and Yunbiao towns in Hengzhou City will still experience heavy rainfall of 30-50 mm, with some areas exceeding 60 mm. Other areas will experience rainfall of 15-25 mm, accompanied by thunderstorms and short-term strong winds. The meteorological risk of flash floods and geological disasters is very high.On August 27th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.2030%, and the lowest was 0.7060%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0110%, and the lowest was 0.8720%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0410%, and the lowest was 0.9000%.Hong Kong-listed AI stocks rallied, with Zhipu (02513.HK) rising nearly 5%, Biren Technology (06082.HK) up 4.86%, and Tianshu Zhixin (09903.HK) and MINIMAX-W (00100.HK) rising nearly 4%.The Bank of Korea: Uncertainties remain regarding the extent of expansion in the chip industry, the situation in the Middle East, and changes in the trade environment.

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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