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On April 10, Sunac China Holdings Limited (01918.HK) announced that its wholly-owned subsidiary, Sunac Real Estate Group Limited, and its executive director, Mr. Wang Mengde, received formal written notices from the Tianjin Regulatory Bureau of the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange. These notices stated that Sunac Real Estate failed to disclose overdue debts and asset seizure information in a timely manner from the end of 2021 to mid-2025, in accordance with the "Administrative Measures for the Issuance and Trading of Corporate Bonds," the "Administrative Measures for the Disclosure of Information on Corporate Credit Bonds," and the Shenzhen Stock Exchanges rules for listing corporate bonds. The Tianjin Securities Regulatory Bureau issued a warning letter to Sunac Real Estate and its then-chairman and general manager, Mr. Wang, and the Shenzhen Stock Exchange imposed disciplinary sanctions on Sunac Real Estate and Mr. Wang, including a public reprimand.On April 10th, during the Vienna International Energy and Climate Forum, a global cooperation initiative focusing on capacity building for energy transition was officially launched. This initiative calls for the establishment of cooperative mechanisms and enhanced knowledge sharing to provide systemic support for the global energy transition. The initiative includes six key measures: strengthening global capacity-building cooperation mechanisms; jointly establishing a Global Energy Interconnection Academy; promoting knowledge sharing on energy transition; strengthening resource mobilization and sustainable investment; promoting inclusive participation from youth, women, and other groups; and strengthening monitoring, evaluation, and continuous improvement.Chart: Overview of US market data on Friday, April 10, 2026The U.S. February factory orders month-on-month rate, the preliminary reading of the University of Michigan consumer sentiment index for April, and the preliminary reading of the one-year inflation rate expectations will be released in ten minutes.On April 10, Minister of Commerce Wang Wentao met with Serbian Minister of Domestic and Foreign Trade, Lazzarevic, who was visiting China. The two sides exchanged in-depth views on developing China-Serbia economic and trade relations. Wang Wentao stated that under the strategic guidance of the two heads of state, China-Serbia economic and trade cooperation has become increasingly close, with rapid growth in bilateral trade, deepening investment cooperation, and significant achievements in large-scale projects. China is willing to strengthen the alignment of its 15th Five-Year Plan with Serbias "National Development Strategy 2030," expand imports from Serbia, and continuously deepen cooperation in areas such as green development, the digital economy, and supply chains. China welcomes Serbian enterprises to continue participating in important exhibitions and events such as the China International Import Expo and the China-Central and Eastern European Countries Expo, promoting the steady and long-term development of China-Serbia and China-Central and Eastern European Countries economic and trade cooperation.

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.