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On January 5th, He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, jointly attended and addressed the China-South Korea Business Forum with South Korean President Lee Jae-myung in Beijing. He Lifeng pointed out that China and South Korea should actively promote the upgrading of economic and trade cooperation under the strategic guidance of the important consensus reached during the mutual visits of the two heads of state, and continuously create a new situation of win-win cooperation. China will unswervingly expand high-level opening-up and welcomes enterprises from all countries, including South Korean enterprises, to invest and do business in China and share development opportunities. Lee Jae-myung stated that cooperation between South Korea and China in various fields has deepened in recent years, and South Korea is willing to strengthen mutually beneficial cooperation with China to bring more benefits to the people of both countries. The forum was co-hosted by the China Council for the Promotion of International Trade and the Korea Chamber of Commerce and Industry. Approximately 400 representatives from the governments and business communities of both countries participated.On January 5th, the Chongqing Municipal Commission of Housing and Urban-Rural Development and the Municipal Cyberspace Administration jointly issued a notice announcing a 10-month special campaign to rectify the online environment related to the real estate sector throughout the city. This campaign will focus on real estate marketing accounts on major social media platforms, short video platforms, and live streaming platforms, with a particular emphasis on strengthening the supervision of self-media accounts opened by real estate companies, real estate agencies, and their employees. The campaign will focus on six main areas: 1. Rectifying the use of false low-priced listings to attract traffic, strictly prohibiting the publication of false housing information, and using the starting price of foreclosed properties to impersonate the transaction price, and severely punishing illegal information used to attract traffic. 2. Rectifying the distortion of real estate policies, strictly prohibiting the alteration or fabrication of policy texts, and resolutely dealing with false information. 3. Investigating and punishing the fabrication and dissemination of rumors about the real estate market, cleaning up and rectifying false information, cracking down on behaviors that create the illusion of "real sales," and legally investigating and punishing the dissemination of similar false rumors. 4. Rectifying information that maliciously undermines the real estate market, strictly prohibiting the hype surrounding individual housing transaction prices, rectifying the distortion of market interpretations in live streams, and severely punishing clickbait headlines. Investigate and punish those who fabricate and profit from information that infringes on the rights of enterprises; severely crack down on acts such as extorting money from real estate companies; and strictly prohibit the use of syndicated accounts to exert pressure through hype. Regulate the release of market data and research reports, and strictly prohibit the fabrication and dissemination of false data and misinformation.The yield on Japans 20-year government bonds rose 6 basis points to 3.045%, a record high.Japanese Prime Minister Sanae Takaichi: We will continue to promote economic growth.Japanese Prime Minister Sanae Takaichi: We will push for the passage of the budget bill at the upcoming Diet session.

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.