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On January 14th, Jianghua Microelectronics announced that its controlling shareholder, Zibo Xingheng Tusong, is planning a major event that could lead to a change in the companys control. Due to the uncertainty surrounding the transaction, trading in the companys shares will remain suspended from January 13th, 2026, for no more than three trading days. During the suspension period, the company will fulfill its information disclosure obligations based on the progress of the matter.European Central Bank Governing Council member Villeroy: If the budget deficit in 2026 exceeds 5%, France will enter a dangerous zone.On January 14th, Jefferies reported that in December of last year, Kuaishou (01024.HK)s subsidiary, Keling AI, achieved revenue exceeding US$20 million, corresponding to an annualized revenue per share (ARR) of US$240 million, marking another milestone for Keling in just 19 months since its launch. During the same period, Kuaishou launched a series of new models and updates, noting the positive reception of its dynamic control features in overseas markets. The report also believes that while its video generation model is still in its early stages, continued technological breakthroughs and innovations indicate significant revenue growth potential. Jefferies maintains its "Buy" rating on Kuaishou with a target price of HK$106.In a response on the interactive platform, Meansen stated that the company has no cooperation with the Dorgerberg steel plant in Europe.On January 14, Foreign Ministry Spokesperson Mao Ning held a regular press conference. Mao Ning announced that the Chinese government has appointed Ambassador Yan Wenbin as the Special Representative of the Chinese Government for Shanghai Cooperation Organisation (SCO) Affairs and the Chinese National Coordinator for the SCO. Mao Ning stated that this position is an important one created by China to deepen exchanges and cooperation with SCO member states. Ambassador Yan Wenbin has extensive diplomatic experience and is familiar with SCO affairs. He expressed confidence that Ambassador Yan will actively fulfill his duties, maintain close working relationships with the national coordinators of member states, implement the consensus reached by leaders, strengthen organizational building and cooperation, jointly promote regional security, stability, development, and prosperity, and advance the building of a closer SCO community with a shared future.

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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