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On September 4th, Tesla (TSLA.O) announced that it has begun offering ride-hailing services for its two-seater Cybercab in a "limited area" in Austin, Texas. This vehicle lacks a steering wheel and pedals. In response, U.S. automotive safety regulators stated that they are evaluating the situation. Tesla CEO Elon Musk has stated that the Cybercab will be a key product enabling Tesla to become a dominant force in the field of self-driving cars. Meanwhile, the National Highway Traffic Safety Administration (NHTSA) is responsible for developing and enforcing vehicle safety regulations, including overseeing the safety of new vehicle models. An NHTSA spokesperson stated, "The NHTSA is in communication with Tesla and is evaluating the situation." However, the spokesperson did not provide further details.Japanese Finance Minister Satsuki Katayama: Relevant departments in the United States and Japan have confirmed that there are no unilateral policy requirements.Japanese Finance Minister Satsuki Katayama: US Treasury Secretary Bessenter has not commented on the Bank of Japans policy.On September 4th, Tencent Cloud announced the launch of its AI-powered autonomous penetration testing product, "Wujing," delivered as a SaaS platform and ready to use out of the box. Wujing primarily targets four scenarios: pre-deployment detection, routine continuous penetration testing, pre-attack and defense drills, and business logic vulnerability testing. Enterprises can simply input the authorized targets and asset scope to obtain a reproducible vulnerability evidence report with a single click. The product is now available for enterprise trial.Japanese Finance Minister Satsuki Katayama: U.S. Treasury Secretary Bessenter has consistently maintained that the yen is undervalued, largely due to interest rate differentials.

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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