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On May 26, nuclear energy company Oklo (OKLO.N) announced that it has been selected by the U.S. Department of Energy to enter into advanced discussions regarding receiving Cold War-era plutonium for use as fuel in nuclear reactors. Last year, it was reported that the Trump administration planned to provide U.S. power companies with approximately 20 tons of plutonium from dismantled nuclear warheads, intended as potential reactor fuel.On May 26th, it was learned from industry sources that the Securities Association of China recently launched a survey on the current status of conflict of interest management among securities companies. The survey questionnaire consists of 46 questions, covering eight dimensions: basic company information, management framework, business conflict of interest management, cross-business collaboration, group management and cross-border business, senior management conflicts of interest, and related-party transactions. Industry insiders believe that this survey questionnaire goes beyond basic questions like "Do you have a firewall system?" and delves into detailed management aspects such as "Who makes the decisions?", "How are they controlled?", "Is it controllable?", and "What happens when they cross borders?"The Hungarian central bank kept its benchmark interest rate at 6.25%, in line with market expectations.The Norwegian government: The Norwegian Ministry of Foreign Affairs has summoned the Russian chargé daffaires in Norway.On May 26th, Futures News reported that BP (BP.N) announced the immediate resignation of its chairman, Albert Manifold, following feedback from the board regarding governance standards, regulatory compliance, and personal conduct. Manifold assumed the chairmanship of the British energy giant last October. The company stated that after learning of several governance oversight and conduct issues that it deemed unacceptable, the board unanimously decided that he should no longer serve as chairman. BP indicated that Ian Tyler will temporarily assume the position. BPs share price fell as much as 9.3%, on track for its biggest one-day drop since March 2020.

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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