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On August 24th, according to a report by Israels Channel 12 on the 23rd, sources revealed that Syrian Transitional Government Foreign Minister Shibani met with Israels intelligence and special operations agency (Mossad) director Goffman that day. The report stated that the meeting was "effective" and aimed at easing tensions between the two countries. Previously, on the 18th, the Israeli military carried out an airstrike on the Abu Zukhur airbase in Idlib province in northwestern Syria, which the Syrian Transitional Governments Foreign Ministry strongly condemned as an "act of aggression without any justification."On August 24th, Israeli Prime Minister Benjamin Netanyahu and Defense Minister Katz warned Hamas on the 23rd that if they did not immediately stop "flying kites" from the Gaza Strip into Israel, the Israeli military would intensify its crackdown on those involved and evacuate residents from relevant areas of the Gaza Strip. According to Israeli media reports, at least four kites flying from the Gaza Strip landed on collective farms in southern Israel near the Gaza Strip this weekend. The Israeli military stated that no suspicious items were found on these kites, and that the kites did not pose a danger to the public. However, these kites are reminiscent of kites and balloons carrying incendiary devices that were flown from the Gaza Strip in previous years, causing fires in several parts of southern Israel.On August 24th, U.S. House Speaker Boris Johnson told Fox News that he expects the war with Iran to enter a "new phase." In an interview with Fox News on Sunday, Johnson said, "I think were about to enter a new phase. I believe our allies will assist in the next phase, and we will get this over with." He claimed that President Trump successfully prevented Iran from acquiring nuclear weapons, a goal "common to successive administrations." Johnson stated, "Everyone knows we cut the snakes head (eliminated the core leadership), and you cant trust the Iranians across the negotiating table, and thats the challenge."Conflict Status 1. US casualties in the Iran war rise to 774. 2. Iranian President says the state of neither war nor peace should be ended. 3. Iran says it has developed response plans for all kinds of hostile actions by the US. Strait of Hormuz 1. Iranian parliamentary committee approves service fees for ships passing through the Strait of Hormuz. 2. Irans Persian Gulf Straits Authority: Violating vessels may be fined and seized. 3. US military says it has intercepted 75 merchant ships since imposing a naval blockade on Iran. 4. UK Maritime Trade Operations Office: Traffic in the Strait of Hormuz and the Bab el-Mandeb Strait has decreased. 5. Secretary of Irans Supreme National Security Council: Tehran will not succumb to US economic pressure, and the Strait of Hormuz will remain closed until Washington fulfills its commitments. 6. Secretary of Irans Supreme National Security Council: If the economic war continues, not a single drop of oil will be exported from the Strait of Hormuz or anywhere in the Persian Gulf. Iran will consider any countrys participation in or support of the US economic war against the Iranian people as an act of war. Other Matters 1. Iranian Ambassador: US military morale is very low. 2. The Syrian transitional government: Expected to resume security agreement negotiations with Israel soon. 3. It is reported that Iran has been invited to join the Mecca Mutual Defense Agreement established by Saudi Arabia, Turkmenistan, and Pakistan. 4. Iranian Oil Minister: 7.5 trillion cubic feet of natural gas discovered in southern Fars province. 5. According to Al Jazeera: Macron and the Saudi Crown Prince will meet in Paris to discuss the situation in Hormuz. 6. Secretary of Irans Supreme National Security Council: Iran has already shipped out 70 million barrels of oil in just the past "one or two months". 7. According to Israels i24 news channel: Colombia announced the resumption of coal exports to Israel, lifting restrictions imposed in August 2024. 8. According to Israels Channel 12, citing sources, Washington warned Hamas against failing to comply with or attempting to circumvent the disarmament agreement. 9. According to the Syrian state news agency: Syrian diplomatic sources said that, with US mediation, a Syrian delegation met with an Israeli delegation in Jordan on Sunday. The meeting aimed to ease tensions between the two sides following Israels recent airstrikes on Syrian airbases. Discussions focused on establishing a mechanism to stop Israeli aggression and arrests and to restart the negotiation process.On August 24th, Michael Burry, the real-life inspiration for the film "The Big Short," revealed that Alibaba (BABA.N) is overvalued and he recently sold all his holdings to buy JD.com (JD.O). He originally planned to sell back most of his Alibaba shares in a month or two, but plans have changed; he will not be interested again unless Alibabas share price drops by half. Regarding Alibabas recent announcement of a share placement to raise approximately HK$80 billion for artificial intelligence investment, Burry admitted he could not support the placement.

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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