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According to Hong Kong Stock Exchange filings, BlackRock increased its long position in Li Ning (02331.HK) H shares from 7.88% to 9.19% on June 23.According to Politico, pro-Trump groups are preparing to urge the Federal Communications Commission (FCC) to revoke Disneys (DIS.N) broadcasting license. This move would further continue the actions of the agencys chairman, Brendan Carr, who has been punitive towards media critics whom Trump deems worthy of his attention.On June 29, Zhu Anqing, spokesperson for the East China Sea Branch of the China Coast Guard, stated that on June 29, the Fujian Coast Guard conducted routine law enforcement patrols in the waters near Kinmen. Since June, the Fujian Coast Guard has organized naval fleets to continuously strengthen control over relevant sea areas, effectively safeguarding the legitimate rights and interests and the safety of life and property of fishermen on both sides of the Taiwan Strait, and effectively ensuring normal navigation and operation order in the Xiamen-Kinmen waters.Australian Treasurer Charles Chalmers: Labors fuel tax cut plan was just passed by Parliament in July, saving approximately $11 per fill-up. This is one of our measures to ease the pressure on the cost of living. A new round of tax cuts for all taxpayers will also begin this Wednesday.On June 29, according to the New York Times, shortly after taking over as Chairman of the Federal Reserve, Warsh wrote to the central banks more than 20,000 employees outlining how he would lead the institution, which he has long advocated for radical reforms. In a letter dated June 2, Warsh pledged to foster "open and sober discussions about the Feds strategy, policies, and operations." At the heart of Warshs strategy is a series of special task forces focused on five areas he considers "key to the broad implementation of monetary policy." These areas include: the Feds communication methods; its $6.7 trillion portfolio of government bonds and mortgage-backed securities (MBS); its preferred data sources; productivity trends and employment; and the models and measures used to assess inflation. According to sources, Warsh will release more details about these task forces in the coming weeks. The goal is to complete the work by the end of the year, after which policymakers will consider what reforms should be implemented and how. Each task force will be led by several outsiders personally selected by Warsh, assisted by specific staff members chosen from within the Fed.

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.

 

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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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