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July 29th - The national carbon emissions trading market, launched in July 2021, has seen its cumulative transaction volume exceed 62.9 billion yuan as of July 28th this year. It covers four high-emission industries: power generation, steel, cement, and aluminum smelting, accounting for over 65% of my countrys total carbon dioxide emissions. It is projected that by 2027, the national carbon emissions trading market will essentially cover major emitting industries in the industrial sector, expanding its coverage to high-emission industries such as chemicals, petrochemicals, civil aviation, and papermaking. The carbon market is expected to cover approximately 80% of the nations greenhouse gas emissions.According to Fox News: The U.S. Senate continued to advance the Russia sanctions bill today.July 29th, Futures News – According to foreign media reports, Malaysias Ministry of Plantation Industries and Commodities (KPK) anticipates that increasing the biodiesel blending ratio in Peninsular Malaysia and Sabah from B10 to B12 or B15 will reduce diesel consumption by approximately 334,139 tons (386.73 million liters) annually, equivalent to extending the domestic diesel supply cycle by up to 20 days. 1. Strengthening National Energy Security Resilience: KPK points out that increasing the biodiesel blending ratio in the national transportation sector is a proactive measure in the face of geopolitical uncertainties and the global energy crisis. This move will reduce dependence on fossil fuels and enhance Malaysias overall resilience to global energy market supply disruptions and price fluctuations. 2. Idle Capacity Expected to Be Released: Malaysia currently has 20 biodiesel plants with a total capacity sufficient to support B30 blending demand. However, current actual demand is mainly for B10 at gas stations and B7 in some industrial sectors, with most plants not yet operating at full capacity. Increasing the blending ratio will directly improve this situation. 3. Smooth Transition to End-User Status and Long-Term Planning: B15 biodiesel is blended from 15% palm oil methyl ester (PME) and 85% petrochemical diesel, allowing end-users to directly replace B10 fuel without incurring additional costs. The Malaysian government plans to further advance the blending standards to B20, B30, and even B50 in the future.On July 29th, the General Office of the Ministry of Commerce issued a notice on further strengthening the construction of convenient living circles in cities within 15 minutes. The notice states that all regions should accelerate the work, delineate the total number of convenient living circles, specify the annual construction quantity, and, in accordance with relevant plans, complete the established goal of building 10,000 convenient living circles nationwide by 2026, while ensuring quality. All regions should leverage these convenient living circles to carry out diverse and beneficial promotional activities, promoting trendy domestic products, high-quality foreign trade goods, local specialties, and international brands into communities. Exhibition areas and booths should be set up in accordance with laws and regulations to enrich community consumption scenarios. Participants in the home appliance trade-in program and the subsidy policy for purchasing new digital and smart products should be encouraged to hold promotional activities in communities, and production, sales, platform, after-sales service, and recycling companies should be guided to establish convenient service points in communities. Automobile production, distribution, and recycling companies should be encouraged to promote automobile trade-in policies in communities and conduct automobile exhibitions, sales, and test drive activities in communities where conditions permit.According to the official measurement of the China Earthquake Networks Center, a 4.6-magnitude earthquake occurred at 14:09 on July 29 in Uqturpan County, Aksu Prefecture, Xinjiang (41.37 degrees north latitude, 78.73 degrees east longitude), with a focal depth of 10 kilometers.

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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