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On August 16th, it was reported that the Houthi rebels in Yemen have launched a series of large-scale missile and drone attacks on the important port of Mocha. On the 15th, the port administration announced that the attacks had caused severe damage to port infrastructure, and all port operations had ceased. Mocha is one of Yemens most important ports, strategically located only 65 kilometers from the Bab el-Mandeb Strait and 6 kilometers from international shipping lanes connecting the Indian Ocean, the Arabian Sea, the Red Sea, and the Suez Canal. According to port officials, between August 9th and 14th, Mocha was attacked by 40 ballistic missiles and 46 drones. In addition, ships carrying explosives also launched attacks on the port from the water.On August 16th, it was reported that the Fujian Provincial Government recently issued the "Fujian Province 15th Five-Year Plan for Emerging Industries and Future Industries Development," outlining the promotion of nine future industries. Among these initiatives is the promotion of AI+ application demonstrations, the in-depth implementation of the "Artificial Intelligence+" leading demonstration action, the acceleration of Fujians artificial intelligence industry development, and the deep integration of AI with various fields such as industry, healthcare, education, and human resources. Support will be provided for the application and innovation of AI technology across the entire process, from R&D and design to pilot testing, manufacturing, marketing, and operational management. The plan also includes improving AI infrastructure construction, accelerating the construction of a province-wide integrated computing network, promoting the construction of public intelligent computing centers in Fuzhou, Xiamen, and Zhangzhou, and rationally allocating edge computing nodes; strengthening and expanding artificial intelligence pilot-scale bases, and collaborating with national strategic scientific and technological forces to create the AI for Science platform; and implementing the "Data Element ×" action, building high-quality datasets that meet AI-Ready requirements in key areas such as government affairs, healthcare, and marine sectors, promoting the construction of provincial data annotation bases, and building a data resource development service system. To foster an AI development ecosystem, we will build high-quality provincial-level AI industrial parks and AI industrial clusters in Fuzhou, Xiamen, and Quanzhou, and cultivate "AI+" enterprises in a tiered manner; support the joint construction of innovation platforms to tackle key technologies such as intelligent chips and core algorithms; support AI-native entrepreneurship and promote AI-native organizational innovation; and encourage various regions to explore the construction of low-cost, open OPC1 innovation communities to provide services such as prototype development for vertical fields.August 16 - According to announcements from the Chiba Prefectural Government and police on the 16th, as of now, the torrential rains that began in Chiba Prefecture on the 13th have resulted in 9 deaths and flooded more than 1,000 houses.U.S. Central Command: The USS Abraham Lincoln, homeported in San Diego, set sail last November for its deployment mission and arrived in the Middle East in January. The strike group has successfully carried out thousands of combat sorties to support Operation Epic Fury, regional security missions, and the current U.S. naval blockade of Iran.U.S. Central Command: Admiral Brad Cooper stated that the USS Lincoln Carrier Strike Group is a powerful and accomplished American team, and they are rightfully proud of everything they have accomplished. History will record this deployment as one of the most intense and far-reaching deployments in modern history.

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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