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On January 31, it was reported that on January 30 local time, the Director of the White House Office of Management and Budget issued a memo to department heads instructing agencies whose funding was due at midnight to begin preparing for a government shutdown. These agencies included the Department of Defense, Department of Homeland Security, State Department, Treasury Department, Department of Labor, Department of Health and Human Services, Department of Education, Department of Transportation, and Department of Housing and Urban Development. Russ Vought stated, “Given that Congress is clearly unable to complete its work before the funding expires, affected agencies should now implement orderly shutdown plans. Employees should report to work on time, fulfill their next regular work duties, and conduct orderly shutdown activities. The government will continue to work with Congress to address recently raised issues and complete the funding work for fiscal year 2026. We hope this shutdown will not be too long.”January 31 – According to a report in the New York Times, documents released by the U.S. Department of Justice on Friday show that billionaire businessman Howard Lutnick, who served as Commerce Secretary in the Trump administration, planned to visit Jeffrey Epsteins private island. This planned visit took place in 2012 – a time when Lutnick had previously claimed to have severed ties with Epstein. Records show that in December 2012, Lutnick emailed Epstein to inquire about his location, stating that he, his family, and another family were in the Caribbean and asking if he could join them for a meal. Epstein replied through an assistant with his location on Little St. James Island, near the coast of St. Thomas in the U.S. Virgin Islands, and the two sides finalized the arrangements for a luncheon. The documents confirm that the visit did take place: the meeting was scheduled for December 23, 2012, and the following day, Epsteins assistant forwarded Lutnick a message from Epstein that read, "Its a pleasure to see you." In recent years, the visits of prominent figures closely associated with Epstein to the island have been subject to public scrutiny, but Lutnicks planned itinerary for this trip had not been disclosed before.New Energy Vehicles: 1. Zhijie officially announced its first OTA update for the entire series this year. 2. Shanghai: Provides subsidies for car replacement and upgrades, with subsidies for purchasing new energy passenger vehicles not exceeding 15,000 yuan. 3. Chinas car dealer inventory warning index for January was 59.4%, down 2.9 percentage points year-on-year and up 1.7 percentage points month-on-month. 4. Cui Dongshu: The total number of public charging piles in December 2025 will reach 4.72 million, up 92,000 month-on-month and 1.14 million year-on-year. Integrated Circuits (Chips): 1. Alibaba clarified its "Cloud + AI + Chip" strategy, with PPU chip shipments already reaching hundreds of thousands of units. 2. Cambricon: Expects net profit of 1.85 billion to 2.15 billion yuan in 2025, turning a profit. 3. SK Hynixs first-quarter profit is expected to exceed expectations due to rising chip prices. 4. Reports indicate that Hitachi plans to divest its memory business for a maximum price of 200 billion yen. 5. Apple CEO Tim Cook: The advanced chip manufacturing technology used in the chips has led to supply constraints. Memory prices had a negligible impact on the first fiscal quarter. Artificial Intelligence: 1. Indian Science and Technology Minister: India will launch an AI model next month. 2. Alibabas 1000 Questions: The DeepPlanning benchmark has officially launched. 3. Tesla discontinues its flagship model, betting 20 billion on a million robots. 4. Li Auto executives confirm entry into humanoid robots. Other: 1. A 240-ton-class commercial reusable high-pressure staged combustion liquid oxygen-kerosene engine successfully completed a long-range test. 2. Japanese media: Apple will prioritize releasing high-end iPhone models this year. 3. Market news: Several more AI researchers and Siri team executives have recently left Apple, including Siri senior director Stuart Powers, who left to join Google.Gaza Situation: 1. Hamas: The handover of governance in Gaza is fully complete. 2. US President Trump: (Regarding the Middle East) Hamas was a key factor in the hostage release. Hamas appears to be on the verge of disarmament. 3. Coordinating Government Operations Headquarters (COGAT): The Rafah border crossing between Gaza and Egypt will reopen on Sunday. Iran Situation: 1. The Israeli military is reportedly working closely with the US military on military action against Iran. 3. US President Trump stated that a team (referring to the military) is heading to Iran, and also mentioned plans for dialogue with Iran. 4. Russian President Putin met with Iranian Supreme Leader advisor Larijani. 5. The US announced new sanctions against Iran; US Treasury Secretary Bessenter: These will continue to target Iranian networks and elites. 6. Turkish Foreign Minister: Restarting negotiations on the Iranian nuclear issue is crucial for us and helps ease regional tensions. Israel is trying to persuade us to attack Iran. 7. Iranian Foreign Minister: The Iranian missile issue will never be a topic of negotiation. Iran is prepared for both scenarios—war or diplomacy. So far, we have no plans to meet with US officials. Other: 1. A U.S. guided-missile destroyer docked at the Israeli Red Sea port of Eilat. 2. Israel declared a senior South African diplomatic representative persona non grata and ordered him to leave Israel within 72 hours. 3. Syrian Kurdish forces stated they have agreed to integrate their military forces into the Syrian government in phases as part of a comprehensive agreement. 4. According to Syrian state television: Syrian government officials confirmed a "final agreement" with the Kurdish forces, which will be implemented immediately.On January 31, Venezuelan Acting President Delcy Rodriguez announced on January 30 that the Venezuelan government had decided to push forward a comprehensive amnesty law to address incidents of political violence since 1999. She stated that the government had instructed relevant departments to complete the legal text as quickly as possible under the current state of emergency and submit it to the National Assembly for review, while also calling for maximum cooperation from the legislature. Rodriguez emphasized that this law aims to repair the social wounds caused by political confrontation and extremist behavior, restore the national judicial system to normalcy, and promote reconciliation and coexistence within Venezuelan society.

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.