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On June 23, Advanced Computing Technology announced that its next-generation self-developed interconnect bus, N200, has officially completed development. The N200 interconnect bus will be used in Advanced Computing Technologys next-generation computing chips, along with the general-purpose CPU core X200 and the intelligent computing AI core A200, and is expected to enter mass production in 2027.Market news: Abu Dhabi-based investment group MGX has raised approximately $50 billion to accelerate artificial intelligence transactions.On June 23, the National Artificial Intelligence Application Pilot Base (Industrial Software) officially commenced construction in Jinan, Shandong Province. This national-level public "driving school" and "testing ground" for "AI + industrial software" is a unified platform, featuring simulated workshops, computing power pools, and industrial datasets. This allows AI software to practice and be tested repeatedly under real-world conditions before being deployed in factories. The base focuses on three types of industrial software: R&D design, production control, and business management. It has identified over 100 industrial application scenarios and established partnerships with more than 20 companies, aiming to bridge the final gap between "usable in the laboratory" and "safe for use in factories."On June 23, Premier Li Qiang met with South Korean Prime Minister Kim Min-seok in Dalian. Kim was in China to attend the Summer Davos Forum. Li Qiang pointed out that China-South Korea trade cooperation has enormous potential, and China is willing to work with South Korea to make good use of mechanisms such as the bilateral economic ministers meeting to accelerate the second phase of negotiations on the bilateral free trade agreement and promote the expansion and improvement of bilateral trade. China and South Korea each have their strengths in innovation, and their industrial and value chains are deeply integrated. They can further promote alignment and mutual integration, fully leverage complementary advantages, consolidate and optimize cooperation in traditional industries, expand cooperation in emerging industries such as semiconductors, artificial intelligence, new energy, and biomedicine, and jointly seize new opportunities for innovative development. Both sides should deepen exchanges and cooperation in tourism, education, local affairs, youth, media, and think tanks to continuously enhance the friendship between the two peoples. Kim Min-seok stated that South Korea looks forward to working with China to implement the important consensus reached by the two heads of state, strengthen high-level exchanges and dialogues at all levels, expand cooperation in areas such as trade and economy, and high technology, accelerate the second phase of negotiations on the bilateral free trade agreement, and strengthen people-to-people exchanges in culture, tourism, and youth. South Korea welcomes Chinese enterprises to invest and do business in South Korea and is willing to deepen supply chain cooperation with China.The Central Bank of Pakistan will announce its next interest rate decision on July 27.

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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