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On December 4th, according to local media reports on the 3rd, American lawyer Dan Kovalik, representing the victims family, formally filed a complaint on December 2nd with the Inter-American Commission on Human Rights in Washington, D.C., regarding the alleged extrajudicial killing of a Colombian fisherman by the U.S. military in the Caribbean Sea. The complaint states that in September of this year, the U.S. military bombed a civilian vessel in the Caribbean Sea near Colombia, resulting in the death of Alejandro Carranza, who was piloting the vessel. This action by the U.S. constitutes an unlawful attack and seriously violates the provisions of the American Declaration of Rights and Duties concerning the right to life, the right to a fair trial, and due process of law.December 4th - Shipping data and documents released on December 3rd local time showed that Venezuelas oil exports rose slightly in November to approximately 921,000 barrels per day, the third highest monthly average so far this year. Data based on tanker movements indicates that the US military operation in the Caribbean has not disrupted Venezuelas oil imports and exports; Venezuelas crude oil and fuel exports increased by 3% last month compared to October. Oil exports to the US increased to approximately 150,000 barrels per day (from 128,000 barrels per day in October), while exports of Venezuelan petroleum by-products and petrochemical products also rose from 195,000 tons in October to approximately 277,000 tons. Imports of light crude oil and fuels more than doubled from 74,000 barrels per day in October to approximately 167,000 barrels per day.On December 4th, local time, a passenger plane operating a Moscow-Phuket route returned to Moscows Domodedovo Airport on December 3rd due to an engine fire. Air traffic control reported that there were over 400 passengers on board. The plane was reportedly preparing for landing soon, and the engine fire has been extinguished. The flight, operated by RedWings Airlines, was a Boeing 777-200 that took off from Domodedovo Airport at 9:19 PM, carrying 412 passengers and 13 crew members. Shortly after takeoff, the left engine caught fire, but the crew successfully extinguished the fire.Market news: Apples (AAPL.O) chief design officer, Alan Day, has been poached by Meta and will join Meta as chief design officer on December 31. Apple will replace Alan Day with senior designer Stephen Lemay.December 4th - According to the Wall Street Journal, documents show that US President Trump has proposed a significant reduction in fuel economy requirements until 2031, aiming for an average fuel economy of 34.5 miles per gallon by 2031, down from 50.4 miles per gallon under former President Bidens rule. The Department of Transportation estimates that the proposal would reduce the average upfront cost for vehicles by $900.

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.